Gulfport Energy's Production Facilities OK After Gustav

Gulfport Energy Corporation reported that after inspection of its West Cote Blanche Bay (WCBB) facilities by Company operations personnel, the facilities appear to be intact with no structural or other major damage from Hurricane Gustav.

The field is ready to begin startup operations; however, the exact timing of the restart of production will be determined primarily by the availability of necessary third party services. Initial production from the Hackberry fields was restored late Tuesday, September 2, 2008.

Drilling and completion rigs have been directed to return to the WCBB field to continue with Gulfport's previously announced drilling program, and the completion rig will return to the Hackberry fields.

Production Update

From August 1 through 29, 2008, total Company production was 5,669 net barrels of oil equivalent per day. Of that amount, the combined average net production from both the WCBB and Hackberry fields was approximately 4,939 BOEPD.

 

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