OKLAHOMA CITY, Sept. 1 /PRNewswire-FirstCall/ -- Gulfport Energy Corporation (OTC:GPOR) (BULLETIN BOARD: GPOR) , reported that Hurricane Katrina had no impact on its ongoing operations and production. The Company's production in its Hackberry field, located in Cameron Parish (far southwestern Louisiana), saw no effect or downtime from the hurricane. As a precaution, Gulfport's West Cote Blanche Bay field, located in St. Mary and Iberia Parishes (at the far western edge of the hurricane) was shut-in and evacuated, but sustained no apparent damage. Production start-up operations began on August 30, 2005 and the field is expected to be back at full capacity within the next few days. Drilling, completion and construction equipment, which had been moved from the field, is now back working in the field. Gulfport also utilized the opportunity of this shut-in period at West Cote to implement tie-in points for future facilities upgrades. Gulfport's production the day prior to the storm was 3,426 gross (2,732 net) barrels of oil and 5,793 gross (4,562 net) Mcf of gas. The Company currently has an insurance program in place, which it believes adequately covers its platform and facilities and provides for sufficient amounts of coverage for business interruption. Gulfport is an independent oil and gas exploration and production company with its principal properties located in the Louisiana Gulf Coast area. The Company seeks to achieve reserve growth and increased cash flow from operations through low risk development activities on its existing properties and other acquisition opportunities. This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical facts, included in this news release that address activities, events or developments that Gulfport Energy Corporation ("Gulfport" or the "Company"), a Delaware corporation, expects or anticipates will or may occur in the future, including such things as 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, 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, or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Gulfport; 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. Consequently, all of the forward-looking statements made in this news 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. We have no intention, and disclaim any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise. DATASOURCE: Gulfport Energy Corporation CONTACT: Mike Liddell of Gulfport Energy Corporation, +1-405-848-8807, Ext. 106 Web site: http://www.gulfportenergy.com/

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