Gulfport Energy Corporation Issues Statement
January 17 2019 - 12:01PM
Gulfport Energy Corporation (NASDAQ: GPOR) today issued the
following comments from the Company’s President, Chief Executive
Officer and Board member, David M. Wood:
“I have received Firefly’s letter this morning,
which followed dialogue we have had since my appointment to
Gulfport last month regarding our mutual interest in enhancing and
delivering value to all Gulfport shareholders.”
Mr. Wood continued, “Separately, the board of
directors has a previously scheduled meeting today, after which
Gulfport looks forward to providing further information to
investors concerning the Company’s plans for 2019.”
About GulfportGulfport is an
independent natural gas and oil company focused on the exploration
and development of natural gas and oil properties in North America
and is one of the largest producers of natural gas in the
contiguous United States. Headquartered in Oklahoma City, Gulfport
holds significant acreage positions in the Utica Shale of Eastern
Ohio and the SCOOP Woodford and SCOOP Springer plays in Oklahoma.
In addition, Gulfport holds an acreage position along the Louisiana
Gulf Coast, has an approximately 22% equity interest in Mammoth
Energy Services, Inc. (NASDAQ: TUSK) and has a position in the
Alberta Oil Sands in Canada through its 25% interest in Grizzly Oil
Sands ULC. For more information, please visit
www.gulfportenergy.com.
Forward Looking StatementsThis
press release includes “forward-looking statements” for purposes of
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Exchange Act. All statements, other
than statements of historical facts, included in this press release
that address activities, events or developments that Gulfport
expects or anticipates will or may occur in the future, future
capital expenditures (including the amount and nature thereof),
business strategy and measures to implement strategy, competitive
strength, goals, expansion and growth of Gulfport's business and
operations, plans, market conditions, references to future success,
reference to intentions as to future matters and other such matters
are forward-looking statements. These statements are based on
certain assumptions and analyses made by Gulfport in light of its
experience and its perception of historical trends, current
conditions and expected future developments as well as other
factors it believes are appropriate in the circumstances. However,
whether actual results and developments will conform with
Gulfport's expectations and predictions is subject to a number of
risks and uncertainties, general economic, market, credit or
business conditions that might affect the timing and amount of the
repurchase program; the opportunities (or lack thereof) that may be
presented to and pursued by Gulfport; Gulfport’s ability to
identify, complete and integrate acquisitions of properties and
businesses; competitive actions by other oil and gas companies;
changes in laws or regulations; and other factors, many of which
are beyond the control of Gulfport. Information concerning these
and other factors can be found in the Company's filings with the
Securities and Exchange Commission, including its Forms 10-K, 10-Q
and 8-K. Consequently, all of the forward-looking statements made
in this press release are qualified by these cautionary statements
and there can be no assurances that the actual results or
developments anticipated by Gulfport will be realized, or even if
realized, that they will have the expected consequences to or
effects on Gulfport, its business or operations. Gulfport has no
intention, and disclaims any obligation, to update or revise any
forward-looking statements, whether as a result of new information,
future results or otherwise.
Investor Contact:Jessica Wills
– Director, Investor Relations
jwills@gulfportenergy.com405-252-4550
Media Contact:Adam Weiner /
Cameron NjaaKekst
CNCadam.weiner@kekstcnc.com / cameron.njaa@kekstcnc.com212-521-4800
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