Replies to This Discussion

Permalink Reply by Shower Bath on July 11, 2011 at 4:04pm

For those who are interested in Gulfport's leasing activity, ther are two new press releases on the

Gulfport website relating to their leasing activity in Ohio. They are issueing 3,000,000 shares of common stock

in part to finance their leasing activity in Ohio. It appears they are significantly increasing their lease holdings.

They state that they will move one rig into the play in early 2012. Go to their website, click on investor relations

and then click on press releases.

Randy

Permalink Reply by Shower Bath on July 13, 2011 at 6:54am

RHINO Resoure Partners LP is issuing new units (shares) to repay debts and other corporate

uses. RHINO is involved with Gulfport and Windsor in leasing the Utica shale play in eastern

ohio. All of these companies are contrlled substantially by Wexford Capital.

Go to   www.rhinolp.com/

click on investor relations, click on SEC filings, open Filing S-1/A dated July 8, look on page 4 for

the discussinion of their oil & gas activities.

Randy

Permalink Reply by Finnbear on July 13, 2011 at 10:43am

Gulfport Energy Corporation Launches Common Stock Offering

Permalink Reply by Shower Bath on July 14, 2011 at 12:34pm

Gulfport updated their info today and there is a new presentation

with current info on leasing the Utica.

 

Not exactly on the Gulfport thread, but you might enjoy:

http://oilinvestingnews.com/

Randy

Permalink Reply by Shower Bath on August 4, 2011 at 5:05am

"Gulfport continues to actively pursue acreage in the Utica Shale of Eastern Ohio. To date,

Gulfport has closed on leasehold interests in approximately 60,000 gross (30,000 net) acres.

Gulfport currently has signed commitments which will increase its position in the Utica Shale

to approximately 115,000 gross (57,500 net) leasehold acres. Gulfport is also currently

evaluating additional acquisitions in the Utica Shale that could potentially increase its

commitments to approximately 130,000 gross (65,000 net) leasehold acres in the coming

months. Gulfport will serve as the operator of its acreage in the Utica Shale and currently

plans to bring a rig into the play in early 2012 to begin drilling its acreage." Taken from the

Form 8-K filed today with their quarterly earnins report.

Randy

 

 

Permalink Reply by Shower Bath on August 4, 2011 at 2:46pm

Finnbear,

Do you have any info on what the terms were when the Rokisky attny. group signed with Gulfport? Did they deal directly with Gulfport or go through Tri-Star?

Randy

Permalink Reply by Dave on August 4, 2011 at 3:40pm

$2700 with 17.5%

Permalink Reply by Dave on August 4, 2011 at 3:41pm

Chesapeake was the company

Permalink Reply by Finnbear on August 5, 2011 at 1:05am

Someone told me yesterday that they signed with Gulfport via the Rokisky group?

See this page

Permalink Reply by Shower Bath on August 5, 2011 at 3:47am

I thought I read (on the OVL website) that the larger OVL attny. group signed with Chesapeak, but that the smaller (10,00 acres) group was in negotiation with Gulfport. Yesterday I read the Belmont landowners response to you that he indeed signed with Gulfport through the Rokisky attny. group. As a side note, have you looked at the new Gulfport investor presentation on their wesite? The recorded presentation also gives you the specific strata of the Utica they are targeting and says that they should be moving on their first Ohio permits in approx. one month.

Randy

Permalink Reply by Shower Bath on August 9, 2011 at 6:51am

Info relating to Gulfport/Rhino/Wexford taken from the Rhino 8-K filed 8-9-11: "Utica Shale- Rhino is participating in the acquisition of a portfolio of oil and gas leases in the Utica Shale, along with other affiliates of Wexford Capital LP, including Gulfport Energy, who will be the operator. Rhino has acquired a proportionate interest of about 8,600 acres in a portfolio of approximately 115,000 gross acres at a cost of about $20 million, or about $2,300 an acre. In addition, Rhino has about 1,500 acres that it already owned. Discussions are ongoing in which Rhino expects to acquire about 2,500 additional acres, which would bring total holdings to approximately 12,500 net acres at an acquisition cost of about $26 million. Rhino believes its' acreage is in the liquids rich transition zone which the Partnership believes is in the heart of the play. This is an early stage investment and subject to significant risk and uncertainties."

RhinoLP.com

Wexford.com

This acreage is most likely in the Harrison County are where Wishgard did most of their early play leasing.

Randy