Gulfport Energy Corporation Provides 2013 Production Guidance Update

Gulfport Energy Corporation Provides 2013 Production Guidance Update

OKLAHOMA CITY, Sept. 10, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation
(Nasdaq:GPOR) today provided an update on its third quarter 2013 and full year
2013 production guidance.

Gulfport currently estimates third quarter 2013 production to be in the range
of 12,250 to 12,750 BOEPD. Gulfport's prior third quarter guidance has been
adversely impacted by pipeline infrastructure delays and higher than
anticipated downtime during simultaneous operations. Gulfport's Irons 1-4H
well was scheduled to be flowing into a sales pipeline by mid-August, however
the third party midstream provider has experienced pipeline infrastructure and
permitting delays and Gulfport now anticipates the well will begin flowing
into sales by the end of October. At this time, Gulfport's full year 2013
guidance remains unchanged. Gulfport plans to provide further guidance on its
expected full year 2013 production at the time of its third quarter 2013
earnings release and conference call in early November.

About Gulfport

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 Utica Shale of
Eastern Ohio. Gulfport also has producing properties in the Niobrara Formation
of Northwestern Colorado. In addition, Gulfport holds a sizeable acreage
position in the Alberta Oil Sands in Canada through its interest in Grizzly
Oil Sands ULC, a 12.1% equity interest in Diamondback Energy Inc., a NASDAQ
Global Select Market listed company, and has an interest in an entity that
operates in Southeast Asia, including the Phu Horm gas field in Thailand.

Forward Looking Statements

This press 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 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; 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. 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 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. 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.

CONTACT: Investor Contact:
         Paul K. Heerwagen IV
         Director, Investor Relations
         pheerwagen@gulfportenergy.com
         405-242-4888
        
         Jessica R. Wills
         Associate Director, Investor Relations
         jwills@gulfportenergy.com
         405-242-4421

Gulfport Energy
 
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