Exhibit 5 and
Exhibit 23.1
                                January 15, 2001


Gulfport Energy Corporation
6307 Waterford Boulevard, Suite 100
Oklahoma City, OK 73118

Gentlemen:

        I am  rendering  this  opinion in my  capacity  as General  Counsel  for
Gulfport Energy Corporation, a Delaware Corporation, ("Gulfport"), in connection
with the Registration Statement on Form S-8 (the "Registration Statement") filed
on or about this date by Gulfport  under the Securities Act of 1933, as amended,
and relating  to  883,386  shares of  Gulfport's  common  stock,  $.01 par value
("Gulfport  Common  Stock"),  to be  offered  under  the plan  described  in the
Registration Statement (the "Plan").

        In connection therewith, I have examined the Registration Statement, the
corporate  proceedings,  with  respect to the  offering of shares and such other
documents and  instruments  as I have deemed  necessary or  appropriate  for the
expression of the opinion contained herein.

        On the  basis  of the  foregoing,  and  having  regard  for  such  legal
considerations I have deemed relevant,  it is my opinion that the 883,386 shares
of Gulfport Common Stock to be registered have been duly authorized for issuance
and sale,  and when issued in  accordance  with the terms and  conditions of the
Plan, will be legally issued, fully paid and non-assessable.

        The  opinions  set forth above are limited in all respects to matters of
Delaware  General  Corporate Law  (including  the  applicable  provisions of the
Delaware  Constitution and the reported judicial  decisions  interpreting  these
laws).

        I  consent  to  the  inclusion  of  this  letter  as an  exhibit  to the
Registration  Statement and to the reference in the Prospectus  included as part
of the Registration Statement to having issued the opinion expressed herein.

                                            Very truly yours,


                                            /s/Lisa Holbrook
                                            ------------------------------------
                                            Lisa Holbrook
                                            General Counsel








Gulfport Energy Corporation
Oklahoma City, Oklahoma





As independent accountants,  we hereby consent to the incorporation by reference
in this Registration  Statement of our report dated March 28, 2000,  relating to
the audited financial statements of Gulfport Energy Corporation in the Company's
Annual Report on Form 10-K for the year ended December 31, 1999.


                                            /s/ Hogan & Slovacek
                                            ------------------------------------
                                            HOGAN & SLOVACEK

Oklahoma City, Oklahoma
January 15, 2001