Exhibit 25

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

 

 

¨ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

 

A National Banking Association   94-1347393
(Jurisdiction of incorporation or   (I.R.S. Employer
organization if not a U.S. national bank)   Identification No.)
101 North Phillips Avenue  
Sioux Falls, South Dakota   57104
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

GULFPORT ENERGY CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   1311   73-1521290

(State or Other Jurisdiction of

Incorporation or Organization)

  

(Primary Standard Industrial

Classification Code Number)

  

(I.R.S. Employer

Identification Number)

14313 North May Avenue, Suite 100

Oklahoma City, Oklahoma 73134

(405) 848-8807

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

7.750% Senior Notes due 2020

 

 

Each registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until this registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

TABLE OF ADDITIONAL REGISTRANT GUARANTORS

 

Exact Name of Registrant
Guarantor(1)

    State or Other Jurisdiction of
Incorporation or Formation		      Primary Standard Industrial
Classification Code Number		      I.R.S. Employer Identification
Number		  

Jaguar Resources LLC

      Delaware         1311         20-8812352   

Puma Resources, Inc.

      Delaware         1311         30-0556507   

Gator Marine, Inc.

      Delaware         1311         61-1601710   

Gator Marine Ivanhoe, Inc.

      Delaware         1311         30-0644897   

Westhawk Minerals LLC

      Delaware         1311         45-4928998   

 

(1) The address for each Registrant Guarantor is 14313 North May Avenue, Suite 100, Oklahoma City, Oklahoma 73134 and the telephone number for each Registrant Guarantor is (405) 848-8807.

 

 

 

Item 1. General Information. Furnish the following information as to the trustee:

 

  (a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Treasury Department

Washington, D.C.

Federal Deposit Insurance Corporation

Washington, D.C.

Federal Reserve Bank of San Francisco

San Francisco, California 94120

 

  (b) Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

 

Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

 

Item 15. Foreign Trustee. Not applicable.

 

Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibit 1.    A copy of the Articles of Association of the trustee now in effect.*
Exhibit 2.    A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**
Exhibit 3.    See Exhibit 2
Exhibit 4.    Copy of By-laws of the trustee as now in effect.***
Exhibit 5.    Not applicable.
Exhibit 6.    The consent of the trustee required by Section 321(b) of the Act.
Exhibit 7.    A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.
Exhibit 8.    Not applicable.
Exhibit 9.    Not applicable.

* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of Hornbeck Offshore Services LLC file number 333-130784-06.
** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of Trans-Lux Corporation file number 022-28721.
*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of Penn National Gaming Inc. file number 333-125274.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Dallas and State of Texas on the 4th of November, 2014.

 

  WELLS FARGO BANK, NATIONAL ASSOCIATION  
  LOGO  
  Patrick T. Giordano  
  Vice President  

EXHIBIT 6

November 4, 2014

Securities and Exchange Commission

Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request thereof.

 

  Very truly yours,  
  WELLS FARGO BANK, NATIONAL ASSOCIATION  
  LOGO  
  Patrick T. Giordano  
  Vice President  

Exhibit 7

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business June 30, 2014, filed in accordance with 12 U.S.C. §161 for National Banks.

 

            Dollar Amounts
In Millions		  

ASSETS

      

Cash and balances due from depository institutions:

      

Noninterest-bearing balances and currency and coin

       $ 20,183   

Interest-bearing balances

         210,191   

Securities:

      

Held-to-maturity securities

         30,108   

Available-for-sale securities

         212,699   

Federal funds sold and securities purchased under agreements to resell:

      

Federal funds sold in domestic offices

         118   

Securities purchased under agreements to resell

         20,279   

Loans and lease financing receivables:

      

Loans and leases held for sale

         25,789   

Loans and leases, net of unearned income

      784,428      

LESS: Allowance for loan and lease losses

      11,341      

Loans and leases, net of unearned income and allowance

         773,087   

Trading Assets

         35,111   

Premises and fixed assets (including capitalized leases)

         7,503   

Other real estate owned

         4,003   

Investments in unconsolidated subsidiaries and associated companies

         760   

Direct and indirect investments in real estate ventures

         3   

Intangible assets

      

Goodwill

         21,627   

Other intangible assets

         20,078   

Other assets

         55,289   
     

 

 

  

Total assets

       $ 1,436,828   
     

 

 

  

LIABILITIES

      

Deposits:

      

In domestic offices

       $ 1,033,620   

Noninterest-bearing

      283,808      

Interest-bearing

      749,812      

In foreign offices, Edge and Agreement subsidiaries, and IBFs

         102,345   

Noninterest-bearing

      746      

Interest-bearing

      101,599      

Federal funds purchased and securities sold under agreements to repurchase:

      

Federal funds purchased in domestic offices

         14,477   

Securities sold under agreements to repurchase

         15,687   

          Dollar Amounts
In Millions		  

Trading liabilities

         14,382   

Other borrowed money

      

(includes mortgage indebtedness and obligations under capitalized leases)

         65,797   

Subordinated notes and debentures

         19,868   

Other liabilities

         29,113   
     

 

 

  

Total liabilities

       $ 1,295,289   

EQUITY CAPITAL

      

Perpetual preferred stock and related surplus

         0   

Common stock

         519   

Surplus (exclude all surplus related to preferred stock)

         103,060   

Retained earnings

         33,449   

Accumulated other comprehensive income

         4,364   

Other equity capital components

         0   
     

 

 

  

Total bank equity capital

         141,392   

Noncontrolling (minority) interests in consolidated subsidiaries

         147   
     

 

 

  

Total equity capital

         141,539   
     

 

 

  

Total liabilities, and equity capital

       $ 1,436,828   
     

 

 

  

I, John R. Shrewsberry, EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

John R. Shrewsberry

EVP & CFO            

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

John Stumpf                                         Directors

Timothy Sloan

Avid Modjtabai