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Gulfport Energy Corp
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November 2012 Investor Presentation
| Paul Heerwagen | Page 7 of 11 |
November 21, 2024
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"November 2012 Investor Presentation"
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Year Ending 12/31/2012 Year Ending 12/31/2013 Forecasted Production Oil Equivalent – Boe 2,700,000 –2,800,000 6,500,000 – 6,800,000 Average Daily Oil Equivalent Midpoint – Boepd 7,377 – 7,650 17,808 – 18,630 Projected Year-Over-Year Increase 16% – 20% (1) 136% – 147% (1) Projected Cash Operating Costs Lease Operating Expense – $/Boe $8.00 – $9.50 $5.00 - $6.00 Production Taxes - % of Revenue 10% – 10.5% 8.0% – 9.0% General Administrative - $/Boe $3.50 – $4.25 $1.50 – $2.50 Depreciation Depletion and Amortization - $/Boe $37.00 – $39.00 $33.00 – $35.00 Budgeted E&P Capital Expenditures – in Millions: West Cote Blanche Bay $36 – $38 $42 – $45 Hackberry $36 – $38 $24 – $26 Permian Basin $23 – $25 $ – Niobrara Shale $5 – $6 $ – Grizzly $40 – $43 $ – Utica Shale $72 – $76 $215 – $225 Thailand $ – $2.0 – $2.5 Total Budgeted E&P Capital Expenditures $212 – $226 $283 – $299 WCBB $37.0 Grizzly $41.5 Niobrara $5.5 Permian $24.0 Hackberry $37.0 Utica $74.0 2012 & 2013 Gulfport Guidance 7 2012E E&P CAPEX (in millions) Total = $212 - $226 Million (1) Based upon actual 2011 production of 2.33 MMBoe and forecasted 2012 production of 2.9 MMBoe to 3.1 MMBoe (2) Based upon estimated midpoint of 2012 production of 2.75 MMBoe and forecasted 2013 production of 6.5 MMBoe to 6.8 MMBoe Utica $220.0 WCBB $43.5 Hackberry $25.0 Thailand $2.3 2013E E&P CAPEX (in millions) Total = $283- $299 Million