if this wasn't 2% of my holdings I would be pulling out my hair- glad I went lite- worst stock in years- bought after the secondary where supposedly someone did due diligence before raising 700 million for these guys at 22 or so
There was a fake pdf report on Gulfport in 2011, that scared the kigeebers out of everyone. Anyone remember that one? It made the stock tank. This stuff has been going on since 2003.
30 day results in the Scoop look good. "As previously announced, during the second quarter of 2017 Gulfport turned-to-sales two gross (1.2 net) wells, the Vinson 2-22X27H and Vinson 3R-22X27H, located in the wet gas window in southern Grady County. Following 30 days of production, the Vinson 2-22X27H has cumulatively produced 418.4 MMcf of natural gas and 1,382 barrels of oil and the Vinson 3R-22X27H has cumulatively produced 498.8 MMcf of natural gas and 1,552 barrels of oil. Based upon the composition analysis, the gas being produced from the Vinson pad is 1,118 BTU gas and yielding 35.7 barrels of NGLs per MMcf of natural gas and results in a natural gas shrink of 11%. On a three-stream basis, the Vinson 2-22X27H produced at an average 30-day peak rate of 15.7 MMcfe per day, which is comprised of approximately 79% natural gas, 19% natural gas liquids and 2% oil. The Vinson 3R-22X27H produced at an average 30-day peak rate of 18.7 MMcfe per day, which is comprised of approximately 79% natural gas, 19% natural gas liquids and 2% oil."