Gulfport Receives Third-Party Assessment of Grizzly Oil Sands ULC Original Oil In Place

俄克拉荷马城，9月. 25, 2007 (PRIME NEWSWIRE) -- 金沙赌场 (Nasdaq:GPOR) today reported certain information regarding Grizzly Oil Sands ULC ("Grizzly") in which Gulfport holds an approximate 25% interest.

Grizzly has received a letter from DeGolyer and MacNaughton Canada Limited ("D&M") detailing its review of the Original Oil In Place ("OOIP") on Grizzly's land holdings. D&M reviewed twenty-two lease blocks and found that at this time "there is sufficient well control on seven of these properties to prepare comprehensive geological interpretations of tar sands and volumetric assessments of the associated bitumen quantities with a minimum of 27% porosity, less than 60% shale and less than 60% water saturation cut-off."

D&M estimates total bitumen in place from these seven properties as follows:

15.8 billion barrels over an area of 260,272 acres for sands greater than zero meters of thickness; and

11.9 billion barrels over an area of 152,564 acres for sands greater than ten meters of thickness.

The properties (and formations) where OOIP have been assigned are as follows: Algar Lake (McMurray), Birchwood (McMurray, Wabiskaw), 多佛(McMurray), 科迪亚克(McMurray), 白边真(McMurray, Wabiskaw), Thickwood (McMurray, Wabiskaw), 西厄尔斯（麦克默里）.

"We are pleased that the DeGolyer and MacNaughton report validates our view of the substantial resource underlying our oil sands properties,吉姆·帕姆说, 格尔夫波特的首席执行官. "We look forward to a successful 2007-8 winter drilling and seismic program."

Grizzly is undertaking a 2007-8 winter delineation and exploration program where it 计划 to drill 100-120 wells and conduct a 3D seismic survey. Grizzly has already begun the environmental and regulatory process of developing its first 10,000 bbl/d SAGD (Steam Assisted Gravity Drainage) project at Algar Lake.

关于灰熊油砂

Grizzly Oil Sands is an independent oil exploration and production company focused on oil sands assets in the Athabasca and Peace River regions of Alberta's oil sands. Grizzly currently has leaseholds totaling 464,319 net acres. Grizzly Oil Sands ULC is a private company with joint ownership of approximately 75% by affiliates of Wexford Capital, 有限责任公司, 一个格林威治, CT型投资经理, 格尔夫波特约占25%.

约格尔夫波特

金沙赌场 is an Oklahoma City based independent oil and natural gas exploration and production company with its principal producing properties located along the Louisiana Gulf Coast. In addition to its interest in Grizzly, Gulfport has an indirect interest in the producing Phu Horm gas field in Thailand.

前瞻性陈述

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, 经修订的（“证券法”）, and Section 21E of the Securities Exchange Act of 1934, 经修订的（“交易法”）. 所有的报表, other than statements of historical facts, included in this news release that address activities, events or developments that Gulfport expects or anticipates will or may occur in the future, including such things as future capital expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, 竞争优势, 目标, expansion and growth of Gulfport's business and operations, 计划, 提及未来的成功, reference to intentions as to future matters and other such matters are forward-looking statements. These statements are based on certain assumptions and analyses made by Gulfport in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. 然而, whether actual results and developments will conform with Gulfport's expectations and predictions is subject to a number of risks and uncertainties, 总体经济, market or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Gulfport; 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 Securities and Exchange Commission, 包括表格10-KSB, 10-Q和8-K. 因此, all of the forward-looking statements made in this news release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by Gulfport will be realized, 或者即使实现了, that they will have the expected consequences to or effects on Gulfport, 其业务或运作. 我们无意, 并放弃任何义务, to update or revise any forward-looking statements, whether as a result of new information, 未来结果或其他.

联系人：金沙赌场
          投资人及媒体联系：
          John Kilgallon, Director, Investor Relations
          405-242-4474
          jkilgallon@mofangziyuan.com

2007年9月25日发布