体育平台公布2007年第二季度业绩

俄克拉荷马城,八月. 14, 2007 (PRIME NEWSWIRE) -- 体育平台 (Nasdaq:GPOR) today reported financial and 操作 results for the second quarter of 2007.

2007年第二季度,格尔夫波特报告的净收入为9美元.600万美元,营收25美元.000万美元,也就体育平台是0美元.摊薄后每股26元. Net income increased 31% compared to the first quarter of 2007 and 36% compared to the second quarter of 2006.

2007年第二季度的EBITDA(定义见下文)为17美元.0 million, an increase of 64% from the second quarter of 2006 due to increased production levels. 营运资金变动前的经营活动现金流量为16美元.600万,比去年同期增长62%.

生产和运营亮点

净产量为37万桶石油和155.4百万立方英尺的天然气或395,2007年第二季度为900桶石油当量. 本季度包括运输在内的实际价格为63美元.88美元一桶,8美元一桶.每百万立方英尺天然气的价格为91美元,总计相当于63美元.20美元/桶.

今年第二季度,格尔夫波特在路易斯安那州南部钻了11口井. The company drilled seven wells at the West Cote Blanche Bay field with six productive wells and one well is awaiting completion. 该公司在Hackberry油田钻了四口井,其中一口正在生产, 2口井正在初步完井,1口井正在等待完井. 该公司还进行了19次再完井,全部在West Cote Blanche Bay油田进行.

在Hackberry油田,正如之前在2007年5月披露的,2007年第1号. 7口井在该井的浅层段取得了123英尺的表观净产层. 该井钻得更深,总深度约为11,000 feet and logged an additional 174 feet of apparent net pay from the Camerina formation, 该井的表观净收益总计为297英尺.

加拿大

格尔夫波特拥有灰熊油砂公司25%的股份, 该公司最近将加拿大的租赁总面积增加到大约451英亩,000总英亩. Grizzly 计划 further assessment of their acreage in the winter 2007-08 drilling season and intends to drill between 100 and 120 core holes. 关于Grizzly的最新介绍可以在他们的新网站grizzlyoilsands上找到.com.

电话会议

格尔夫波特将于今天下午一点召开电话会议.m. 中央时间讨论2007年第二季度的财务和运营结果. 有兴趣的人可以通过格尔夫波特的网站收听电话 empyreal.muerren.net 或拨打1-866-713-8562. 国际电话请拨617-597-5310. 电话会议密码为40343335. A replay of the call will be available for two weeks at 1-888-286-8010 or internationally at 617-801-6888. 重放密码为19064688. 网络直播将在公司网站上存档30天.

约格尔夫波特

体育平台 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. 格尔夫波特, 通过一家名为Grizzly Oil Sands ULC的合资企业, has a sizable acreage position in the Alberta oil sands in 加拿大 and has drilled core samples to further evaluate the acreage. 除了, 格尔夫波特 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”), 以及1934年证券交易法第21E条, 经修订的(“交易法”). 所有的报表, 除了对历史事实的陈述, 包括在这个新闻稿,地址活动, events or developments that 格尔夫波特 expects or anticipates will or may occur in the future, including such things as future capital expenditures (including the amount and nature thereof), 企业战略和实施战略的措施, 竞争优势, 目标, 格尔夫波特业务和运营的扩张和增长, 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 格尔夫波特 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 格尔夫波特'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 格尔夫波特; competitive actions by other oil and gas companies; changes in laws or regulations; and other factors, 其中许多都超出了格尔夫波特的控制范围. 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-QSB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 格尔夫波特 will be realized, 或者即使实现了, 他们会对格尔夫波特产生预期的后果或影响, 其业务或运作. 我们无意, 并放弃任何义务, 更新或修改任何前瞻性陈述, 体育平台是否体育平台是新信息的结果, 未来结果或其他.

非公认会计准则财务指标

EBITDA体育平台是非公认会计准则的财务指标,等于净收入, 最直接可比较的GAAP财务指标, 加上利息费用, 所得税费用, 增值费用和折旧, 损耗和摊销. Cash flow from 操作 activities before changes in working capital is a non-GAAP financial measure equal to cash flows from 操作 activities before changes in working capital. The Company has presented EBITDA because it uses EBITDA as an integral part of its internal reporting to measure its performance and to evaluate the performance of its senior management. EBITDA is considered an important indicator of the operational strength of the Company's business. EBITDA消除了大量非现金消耗的不均衡影响, 有形资产折旧及部分无形资产摊销. 这种方法的局限性, 然而, is that it does not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in the Company's businesses. Management evaluates the costs of such tangible and intangible 资产和 the impact of related impairments through other financial measures, 比如资本支出, 投资支出和资本回报. 因此, the Company believes that EBITDA provides useful information to its investors regarding its performance and overall results of operations. EBITDA and cash flow from 操作 activities before changes in working capital are not intended to be performance measures that should be regarded as an alternative to, 或者更有意义, either net income as an indicator of 操作 performance or to cash flows from 操作 activities as a measure of liquidity. 除了, EBITDA and cash flow from 操作 activities before changes in working capital are not intended to represent funds available for dividends, 再投资或其他随意用途, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The EBITDA and cash flow from 操作 activities before changes in working capital measures presented in this press release may not be comparable to similarly titled measures presented by other companies, and may not be identical to corresponding measures used in the Company's various agreements.

                     体育平台
                合并经营报表
                             (未经审计的)

                    三个月结束六个月结束
                         六月三十日,六月三十日,
                 -------------------------   -------------------------
                    2007          2006          2007          2006
                 -----------   -----------   -----------   -----------
 收入:
   天然气销售$ 1,385,000 $ 504,000 $ 2,493,000 $ 1,047,000
   石油和
    冷凝物
    销售23,634,000 13,845,000 42,888,000 17,751,000
   其他收入
    (费用)(10,000)11,000 9,000 17,000
                 -----------   -----------   -----------   -----------

                  25,009,000    14,360,000    45,390,000    18,815,000
                 -----------   -----------   -----------   -----------

 成本和
  费用:
   租赁
    操作
    费用3,942,000 2,255,000 7,119,000 3,606,000
   生产
    税收3,025,000 1,921,000 5,470,000 2,486,000
   贬值,
    损耗,
    摊销6,613,000 2,743,000 12,283,000 3,736,000
   一般
    行政1,154,000 513,000 2,235,000 1,514,000
   吸积
    费用139,000 149,000 277,000 298,000
                 -----------   -----------   -----------   -----------

                  14,873,000     7,581,000    27,384,000    11,640,000
                 -----------   -----------   -----------   -----------

 收入从
  操作:10,136,000 6,779,000 18,006,000 7,175,000
                 -----------   -----------   -----------   -----------

 其他(收入)
  费用:

   感兴趣
    费用685,000 397,000 1,325,000 668,000
   业务
    中断
    保险
    回收——(614,000)——(3,269,000)
   利息收入(11.9万)(6.3万)(22.9万)(11.1万)
                 -----------   -----------   -----------   -----------

                     566,000      (280,000)    1,096,000    (2,712,000)
                 -----------   -----------   -----------   -----------
 收入前
  所得税9,570,000,7,059,000,16,910,000,9,887,000


 所得税
  费用:-- -- 53000——
                 -----------   -----------   -----------   -----------


 净收入9,570,000美元7,059,000美元16,857,000美元9,887,000美元
                 ===========   ===========   ===========   ===========

 人均净收入
  共同分享:

   基本$ 0.27   $      0.22   $      0.48   $      0.31
                 ===========   ===========   ===========   ===========

   摊薄后$ 0.26   $      0.21   $      0.47   $      0.29
                 ===========   ===========   ===========   ===========

   基本
    加权
    平均
    股票
    未偿35,891,902 32,636,144 35,221,924 32,408,098

   稀释
    加权
    平均
    股票
    未付36,592,348 33,858,619 35,885,714 33,634,212


                     体育平台
                调整EBITDA和现金流量
                             (未经审计的)

                     三个月结束六个月结束
                   六月三十日,六月三十日,六月三十日,六月三十日,
                    2007          2006          2007          2006
                 -----------   -----------   -----------   -----------

 净收入9,570,000美元7,059,000美元16,857,000美元9,887,000美元
 感兴趣
  费用685,000 397,000 1,325,000 668,000
 所得税
  费用-- -- 53000——
 吸积
  费用139,000 149,000 277,000 298,000
 贬值,
  损耗,
  摊销6,613,000 2,743,000 12,283,000 3,736,000
                 -----------   -----------   -----------   -----------
 Ebitda 17,007,000 10,348,000 30,795,000 14,589,000美元


                     三个月结束六个月结束
                   六月三十日,六月三十日,六月三十日,六月三十日,
                    2007          2006          2007          2006
                 -----------   -----------   -----------   -----------

 提供的现金
  通过操作
  活动$10,827,000 $ 9,926,000 $24,884,000 $12,354,000
 调整:
   的变化
    资产和
    负债5,770,345,000,5,020,000,2,098,000
                 -----------   -----------   -----------   -----------
 营运现金
  流量$16,597,000 $10,271,000 $29,904,000 $14,452,000


                      体育平台
                          生产计划
                              (未经审计的)

 产量:2007年第二季度,2006年第二季度,2007年年初至2006年年初

 石油(MBbls.0      215.1      711.5      279.4
 气体(MMcf.4      100.1      313.3      192.1
 石油当量(MBOE) 395.9      231.8      763.7      311.4

 平均实现价格:

 石油(每桶)63美元.88     $64.37     $60.28     $63.53
 汽油(每百万英尺)$ 8.91     $ 5.03     $ 7.96     $ 5.45
 石油当量(BOE): 63美元.20     $61.91     $59.42     $60.36
联系人:体育平台
          投资者 & 媒体联络:
          John kil加仑,投资者关系总监
          405-242-4474
          jkilgallon@muerren.net