Gulfport Energy Responds to Firefly Director Nominations

Company Has Replaced Five of Eight Directors in Past Three Years, 公司luding Two New Independent Directors Since January 2020

No Shareholder Action Required at this Time

俄克拉荷马城, 3月02, 2020 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”), one of the largest producers of natural gas in the contiguous United States, 今天就Firefly Value Partners（“Firefly”）提名两名董事候选人参加公司2020年股东年会上的选举发表以下声明, which has yet to be scheduled:

“Gulfport values shareholder input, which makes it odd that Firefly would choose to nominate director candidates the week before Ryan Heslop, the co-portfolio manager of Firefly, is scheduled to interview for a director seat, and no deadline for director nominations has even been established.”

“Gulfport拥有一支高素质的新体育平台，目前正处于全面的董事会更新过程中, with five of eight directors having joined in the last three years. 除了, the Company’s Chairman recently announced he would not seek re-election at the 2020 Annual Meeting, and seven of the Company’s eight directors are independent, including two who have joined in just the past two months.”

“Gulfport正在采取及时和果断的行动，为公司未来的价值创造定位，应对行业挑战和天然气价格的多年低点. Gulfport recently announced a 50% reduction in capital expenditures, 这使得公司能够在现金流范围内运营，并在未来以更好的价格保留其宝贵的钻井库存. 格尔夫波特还采取措施削减所有业务领域的成本，并专注于继续寻找m88体育官方网站提高运营效率和效益的方法. By focusing on operating within cash flow and cutting costs, the Company is ensuring that its liquidity stays strong during this downturn, which provides both optionality and flexibility to pursue value-creating opportunities. 该公司’s initiatives reflect the collective input from the Company’s stakeholders, including Firefly, and are designed to help Gulfport navigate difficult im体育平台官方网站 conditions affecting the entire industry.”

“Gulfport is confident the timely and decisive actions it has and will continue to take will drive long-term value.”

Gulfport董事会及其提名和治理委员会将根据公司章程和适用法律审查并考虑Firefly的提名通知. Gulfport董事会将在其委托书中提出对董事候选人的建议，委托书将提交给美国财政部.S. Securities and Exchange Commission. Gulfport shareholders are not required to take any action at this time.

Sidley Austin LLP is serving as legal counsel to Gulfport.

关于 Gulfport

Gulfport Energy Corporation（纳斯达克股票代码：GPOR）体育平台是一家独立的天然气和石油公司，专注于北美天然气和石油资产的勘探和开发，体育平台是美国最大的天然气生产商之一. Headquartered in Oklahoma City, Gulfport在俄亥俄州东部的Utica页岩和俄克拉何马州的独家新闻 Woodford和独家新闻 Springer区块占有重要的面积. 除了, Gulfport holds non-core assets that include an approximately 22% equity interest in Mammoth Energy Services, 公司. （纳斯达克股票代码：TUSK），并通过其在Grizzly Oil Sands ULC的25%权益，在加拿大Alberta Oil Sands占有一席之地. For more information, please visit hnczjrxh.discover-motors.com.

Forward Looking Statements

本新闻稿包括“前瞻性陈述”，以1995年《体育平台》的安全港条款为目的, Section 27A of the Securities Act of 1933, 修订的, and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Gulfport expects or anticipates will or may occur in the future, future capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, repurchases of our outstanding debt, the timing and completion of asset sales, competitive strength, 目标, expansion and growth of Gulfport’s business and operations, 计划, im体育平台官方网站 conditions, references to future success, reference to intentions as to future matters and other such matters are forward-looking statements. 这些陈述体育平台是基于格尔夫波特根据其经验和对历史趋势的看法所做的某些假设和分析, 当前状况和预期的未来发展，以及它认为在环境中适当的其他因素. 然而, 实际结果和发展体育平台是否符合格尔夫波特的期望和预测，受制于许多风险和不确定性, general economic, im体育平台官方网站, credit or business conditions that might affect the timing and amount of the repurchase program; the opportunities (or lack thereof) that may be presented to and pursued by Gulfport; Gulfport’s ability to identify, complete and integrate acquisitions of properties and businesses; Gulfport’s ability to achieve the anticipated benefits of its strategic initiatives; competitive actions by other oil and gas companies; changes in laws or regulations; and other factors, many of which are beyond the control of Gulfport. Information concerning these and other factors can be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Forms 10-K, 10-Q and 8-K. 因此, 本新闻稿中所作的所有前瞻性陈述均受这些警示性陈述的约束，不能保证Gulfport预期的实际结果或发展将会实现, or even if realized, that they will have the expected consequences to or effects on Gulfport, its business or operations. Gulfport has no intention, and disclaims any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

Important Additional Information

公司拟向美国证券交易委员会（SEC）提交一份附件14A中的代理声明，以及随附的GOLD代理卡和其他相关文件，以征求公司股东代表参加公司2020年年度股东大会（“2020年年会”）。. 强烈建议股东阅读公司的委托书（包括其任何修改或补充）。, 随附的黄金代理卡和所有其他文件在可用时仔细完整地提交给美国证券交易委员会，因为它们将包含重要信息.

该公司, 其董事及部分高管将被视为参与征集与2020年年会相关的股东代理权. Information regarding the direct and indirect interests, 本公司于4月30日向美国证券交易委员会提交的2019年年度股东大会最终委托书中规定了对公司董事和高管的证券持有或其他方式的限制, 2019. 自提交该等委托书以来，任何参与者对公司证券的持有发生了变化，或将成为参与者的新董事加入了公司董事会, 有关更改载列于表格3的“受益拥有权初始声明书”及表格4的“拥有权更改声明书”. Updated information regarding the identities of potential participants, and their direct or indirect interests, by 证券交易委员会urity holdings or otherwise, 将在公司与2020年年会相关的代理声明中以及向美国证券交易委员会提交的其他相关文件中规定. Shareholders may obtain a free copy of the proxy statement, 公司在美国证券交易委员会网站www上向美国证券交易委员会提交的委托书和任何其他文件的任何修订或补充.证券交易委员会.gov or the Company’s website at http://ir.discover-motors.com/ as soon as reasonably practicable after such materials are electronically filed with, or furnished to, 美国证交会.

Investor 联系:
Jessica Antle – Director, Investor Relations
jantle@discover-motors.com
405-252-4550

Media 联系:
Reevemark
Paul Caminiti / Hugh Burns / Nicholas Leasure
212-433-4600

Released March 2, 2020