Leasehold Position (02/28/12): ≅ 200,054 Net Acres

Proved Reserves (12/31/11): ≅ 16.7 Net MMbbl

Probable Reserves (12/31/11): ≅ 11.7 Net MMbbl

Best Estimate Contingent Resource (02/28/12): ≅ 771.5 Net MMbbl

Strategic Plan:

• Develop Algar Lake project 

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Leasehold Position (12/31/11): ≅ 4 Onshore Concession Blocks

Strategic Plan:

• Test geological concept in block L16/50 identified through proprietary 3-D seismic
• Expand project, applying project cash flow to offset capital outlays

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Leasehold Position (12/31/11): ≅ 15,300 Net Acres

Proved Reserves (12/31/11): ≅ 12.88 MMBOE

Probable Reserves (12/31/11): ≅ 10.94 MMBOE

Strategic Plan:

• Grow production through the drill bit by actively drilling on 40-acre spacing
• Evaluate potential for 20-acre down spacing

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Proved Reserves (12/31/11): ≅ 19.4 MMBOE

Probable Reserves (12/31/11): ≅ 21.9 MMBOE

2011 Net Production (12/31/11): ≅ 6,392 BOEPD

Gulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast and in the Permian Basin in West Texas. Gulfport has also acquired acreage positions in the Niobrara Formation of Western Colorado and the Utica Shale of Eastern Ohio. In addition, Gulfport holds a sizeable acreage position in the Alberta Oil Sands in Canada through its interest in Grizzly Oil Sands ULC and has interests in entities that operate in Southeast Asia, including the Phu Horm gas field in Thailand.

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Leasehold Position (12/31/11): ≅ 12,419 Net Acres

Proved Reserves (12/31/11): ≅ 5.89 MMBOE

Probable Reserves (12/31/11): ≅ 10.62 MMBOE

Strategic Plan:

• Grow production and maximize return on capital

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Leasehold Position (12/31/11): ≅ 14,993 Net Acres

Proved Reserves (12/31/11): ≅ 0.53 MMBOE

Probable Reserves (12/31/11): ≅ 0.35 MMBOE

Strategic Plan:

• Begin developing acquired acreage as a source of crude oil reserve and production growth

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Leasehold Position (12/31/11): ≅ 62,500 Net Acres

Strategic Plan:

• Explore and develop existing acreage position
• Continue acquiring attractive acreage within the wet gas/retrograde condensate and mature oil windows