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Gulfport Energy Corp | June 2015 Utica Acquisition Overview | Michael Moore | Page 3 of 11 | November 23, 2024

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Utica Shale – Acquisition Highlights Premier Acreage Opportunity at Attractive Acquisition Metrics Attractive Incremental Firm Transportation Secured and Gathering Acquired • Gulfport entered into two separate agreements as of June 8, 2015, to acquire up to a total of approximately 50,113 gross (35,325 net) (1) acres from American Energy – Utica, LLC (“AEU”) in the core of the dry gas area in the Utica Shale — Approximately 43,915 gross (29,12 net) (1) acres in Monroe County ? Average ~84% net revenue interest ? Position is 85% held by production by a 10 well per year drilling commitment — Approximately 6,198 gross (6,198 net) acres in Jefferson and Belmont Counties • Attractive valuation metrics; expected to be accretive on net asset value, production and acreage — Total purchase price of ~$40 million (1) ? Includes $52 million of value assigned to ~15 MMcfpd of production, 9 gross (9 net) drilled uncompleted wellbores and interests in 9 gross (2.3 net) Gulfport wells undergoing completion ? Includes gathering system acquired at book value of $20 million • Further development of the acquired acreage increases value of the system and potentially opens up accretive opportunities for the Company • Transaction includes incremental firm transportation capacity providing additional access to more favorably priced markets as production ramps up on acquired assets — ~28,000 MMBtu per day of firm transportation to be phased in over multi-year period beginning mid- 2015 and secured at a weighted average cost of ~$0.65 per MMBtu — Reduced average cost of firm transportation by ~$0.03 per MMBtu — Transports molecules to Hub neutral markets including Dawn, Midwest and the Gulf Coast • Acquisition includes a gathering system currently in place and operational in Monroe County — 11-mile, 12 inch, steel system running through the acquired acreage — 350 MMBtu per day interconnect with TETCO (1) Includes the $19.4 million purchase price for 1,900 net acres in Monroe County that Gulfport has the right to acquire from AEU if AEU completes the acquisition of such acreage by approximately mid-July 2015.