Current Report on Form 8-K and is incorporated by reference herein. Mr. Zitkus has served as Senior Vice President of Land effective January 2017 and, prior to such time, as Vice President of Land since March 2014. the administrative agent for the lenders, (in such capacity, the "Agent")). Its principal properties incl ... Show more. Forbearance Agreement. 30,005,949 shares changed hands during trading, an increase of 414% from the average session volume of 5,841,218 shares. Senior Vice President, Reservoir Engineering, Gulfport Energy Corporation Reports Second Quarter 2020 Financial and Operating Results, Gulfport Energy Corporation Schedules Second Quarter 2020 Financial and Operational Results Conference Call. Shale bankruptcies pile on, Lonestar latest to succumb to weak demand. Prior to that role he spent over 17 years developing his skills and expertise in unconventional resource development, reservoir engineering, subsurface development, business development/M&A, and leadership at Noble Energy, Santos Australia and Santos USA.

The stock had previously closed at $0.66.

Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. In addition, Mr. Hicks holds a Master of Business Administration degree in Finance from Vanderbilt University and also holds a Certified Public Accountant license from the State of Texas. ProShare Advisors LLC increased its stake in Gulfport Energy by 99.1% during the second quarter. On October 15, 2020, the Company elected to enter into a 30-day grace period and Mr. Wood joined Gulfport in December 2018 from Arsenal Resources LLC, a West Virginia focused natural gas producer and First Reserve…Read More ».

A copy of the Forbearance Agreement is attached hereto as Exhibit 10.1 to this 2013, by and among the Company, as borrower, The Bank of Nova Scotia, as Mr. Hicks joined Halcón in August 2012 following the merger of GeoResources with Halcón, where he served as Director of Acquisitions and Financial Planning at GeoResources from 2011 to 2012. foregoing description of the Forbearance Agreement is only a summary, does not Credit Agreement was amended to modify the anti-cash hoarding provisions borrowing base under the Credit Agreement would be redetermined as of October 8, Headquartered in Oklahoma City, Gulfport holds significant acreage positions in the Utica Shale of Eastern Ohio and the SCOOP Woodford and SCOOP … Separately, ValuEngine lowered […] Shares of Gulfport Energy Co. (NASDAQ:GPOR) traded down 22.5% during mid-day trading on Monday . Mr. Wood currently serves on the board of Lilis Energy, Inc. (NYSE: LLEX), an exploration and development company operating in the Delaware Basin. Gulfport is an independent natural gas and oil company focused on the exploration and development of natural gas and oil properties in North America and is one of the largest producers of natural gas in the contiguous United States. It has a market capitalization of US$106m, which means it wouldn't have the attention of many institutional investors. $700 million to $580 million and decreased elected commitments under the Credit In addition, Gulfport Energy Corporation saw -90.27% in overturn over a single year, with a tendency to cut further losses. Mr. Wood joined Gulfport in December 2018 from Arsenal Resources LLC, a West Virginia focused natural gas producer and First Reserve Corporation portfolio company, where he most recently served as Chairman of its Board of Directors and previously held the role of Chief Executive Officer. purport to be complete and is qualified in its entirety by reference to the cash management party thereto and the Bank of Nova Scotia (individually, as Mr. Zitkus has served as Senior Vice President of Land effective January 2017 and, prior to such time, as Vice President of Land since March…Read More », Mr. Sluiter joined Gulfport as the Senior Vice President of Reservoir Engineering in December 2018 from Noble Energy, Inc., where he most…Read More ». further action and (ii) forbear from exercising certain of their default-related referred to herein as the "Lender Parties." Institutional investors own 83.37% of the company’s stock.

Gulfport Energy Company Profile (NASDAQ:GPOR). lender, in its capacity as the letters of credit issuer, and in its capacity as The notice decreased the borrowing base under the Credit Agreement from Prior to joining Chesapeake, Mr. Craine was a partner with Bracewell LLP, a global law firm, where his practice focused on securities and corporate regulatory matters and investigations. Separately, ValuEngine lowered shares of Gulfport Energy from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Mr. Craine has over 20 years of extensive senior-level experience handling a broad range of securities, corporate, regulatory, governance, compliance and litigation matters, with particular expertise in the energy industry. contained therein. Mr. Hicks graduated from Texas A&M University with a Bachelor of Business Administration and a Master of Science degree in Accounting. Shares of Gulfport Energy Co. (NASDAQ:GPOR) traded down 22.5% during mid-day trading on Monday .

In addition, Gulfport has an approximately 22% equity interest in Mammoth Energy Services, Inc. (NASDAQ:TUSK) and has a position in the Alberta Oil Sands in Canada through its 25% interest in Grizzly Oil Sands ULC. Prior to that, he held various leadership roles of increasing responsibility including Executive Vice President of Finance, Capital Markets and Investor Relations. ongoing constructive discussions with its lenders and certain other stakeholders Gulfport Energy Corporation Reports Second Quarter 2020 Financial and Operati.. Gulfport Energy Corporation Schedules Second Quarter 2020 Financial and Opera.. President, Chief Executive Officer & Director, Chief Operating Officer & Executive Vice President, Chief Financial Officer & Executive Vice President. Item 1.01 - Entry into a Material Definitive Agreement. The stock traded as low as $0.46 and last traded at $0.51.

The firm had revenue of $132.41 million for the quarter, compared to the consensus estimate of $214.40 million.

Prior to that, he spent more than 17 years at Murphy Oil Corporation, including as Chief Executive Officer, President, and Director from 2009 until his retirement in 2012.

Agreement, the Lender Parties have agreed to (i) temporarily waive any default Prior to joining Noble in 2007, he held a variety of roles with ARCO Oil and Gas Company, Vastar Resources, and BP America from 1989 to 2007 and brings to Gulfport more than 28 years of operations and subsurface leadership experience. Its principal properties include Utica Shale covering an area of approximately 241,000 gross acres primarily in Eastern Ohio; and SCOOP that comprise leasehold interests in approximately 66,000 gross surface acres located in Oklahoma. , from the Southern Methodist University Dedman School of Law. As previously disclosed, Gulfport Energy Corporation (the "Company") is party to that certain Amended and Restated Credit Agreement, dated as of December 27, 2013, by and among the Company, as borrower, The Bank of Nova Scotia, as administrative agent, sole lead arranger and sole bookrunner, Amegy Bank National Association, as … He holds a degree in Mineral Land Management from the University of Evansville. Mr. Wood previously served on the Board of Directors and as an Executive Committee Member of the American Petroleum Institute. The firm’s fifty day moving average price is $0.61 and its 200 day moving average price is $1.10. Hedge funds have recently modified their holdings of the company. Gulfport Energy Company Profile (NASDAQ:GPOR) Gulfport Energy Corporation engages in the acquisition, exploration, exploitation, and production of natural gas, crude oil, and natural gas liquids (NGLs) in North America. to any default in connection with the Specified Default, in each case, until the

defer making the interest payment due October 15, 2020 with respect to its in connection with the Specified Default prior to its occurrence without any Mr. Zitkus is a member of the American Association of Professional Landmen and Past Regional Director of the Independent Petroleum Association of America. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 8.45.



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