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Gulfport Energy Corp | Q1 2015 Earnings Conference Call | Michael Moore | Page 11 of 11 | November 21, 2024

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11 Utica Shale Overview • Net proved reserves of 907.0 Bcfe (1) • Net probable reserves of 300.3 Bcfe (1) • ~ 212,000 gross (208,000 net) acres (2) — Oil - ~ 6% — Condensate - ~20% — Wet Gas - ~ 17% — Dry Gas - ~ 57% Asset Overview 2015 Activities Update (3) • Average net production of 396.0 MMcfepd • ~93% of Gulfport’s total net production 2015 Planned Activities (2) • Currently running 3 gross operated rigs — + 1 non-operated rig running within RICE/GPOR AMI • Operated CAPEX: $416 – $446 million — Drill 50 to 56 gross (32 to 36 net) wells — Turn-to-sales 49 to 53 gross (42 to 46 net) wells • Non-Operated CAPEX: $125 – $140 million — Drill 11 to 16 gross (4 to 6 net) wells — Turn-to-sales 50 to 64 gross (7 to 9 net) wells Note: Please refer to page 2 for detail on forward looking statements (1) As of 12/31/2014 (2) As of 4/15/2015 pro forma for Paloma acreage acquisition (3) During the three months ended 3/31/2015 Carrizo Rector 1H Antero Wayne Pad Antero Miley Pad Magnum Hunter Farley Pad Magnum Hunter Stalder #3UH Eclipse Resources Tippens Pad Magnum Hunter Ormet Pad Rice Energy Big Foot 9H Rice Energy Blue Thunder Unit Gastar Simms Pad Chevron Howard Connor Unit Chesapeake Buell #8H Hess Capstone 2H-29 CONSOL / Hess Athens A 1H-24 Gulfport Energy Brown Pad Gulfport Energy Lepley Pad Gulfport Energy Winesburg Pad RICE/GPOR AMI RIG LEGEND Gulfport Acreage Paloma Acreage Area Permitted Horz Wells Drilling, Drilled or Producing Wells GPOR Activity