EXHIBIT 99.3

                           GULFPORT ENERGY CORPORATION

                             SHARES OF COMMON STOCK

          OFFERED PURSUANT TO RIGHTS DISTRIBUTED TO RECORD STOCKHOLDERS
                         OF GULFPORT ENERGY CORPORATION

                                                         _____________,  2004

Dear  Stockholder:

     This notice is being distributed by Gulfport Energy Corporation, a Delaware
corporation  ("Gulfport"),  to  all  holders  of  record of shares of its common
stock,  par value $0.01 per share (the "Common Stock"), at the close of business
on ___________, 2004 (the "Record Date"), in connection with a distribution in a
rights offering (the "Rights Offering") of transferable subscription rights (the
"Rights")  to subscribe for and purchase shares of its Common Stock.  The Rights
are  described  in  Gulfport's  Prospectus  dated  ___________,  2004  (the
"Prospectus").

     In  the Rights Offering, Gulfport is offering an aggregate of approximately
10,000,000  shares  of  its  Common  Stock, as described in the Prospectus.  The
Rights will expire, if not exercised, at 5:00 p.m., Dallas time, on ___________,
2004, unless extended in the sole discretion of Gulfport (as it may be extended,
the  "Expiration  Date").  As described in the accompanying Prospectus, you will
receive  one Right for every 1.0146 shares of Common Stock owned of record as of
the  close  of  business  on  the  Record  Date.  Each  right  will allow you to
subscribe for one shares of Common Stock (the "Basic Subscription Privilege") at
the  cash  price  of  $_____  per  share  (the  "Subscription  Price").

     In  addition,  holders  of  Rights  who  exercises their Basic Subscription
Privilege  in  full  will  be  eligible  to  subscribe  (the  "Over-Subscription
Privilege")  at  the  same  cash  price of $ _____per share for shares of Common
Stock  that are not otherwise purchased pursuant to the exercise of Rights under
the  Basic Subscription Privilege (the "Excess Shares"), subject to availability
and  pro  ration  as  described below.  A holder of Rights may only exercise its
Over-Subscription  Privilege  if  the  holder  exercised  its Basic Subscription
Privilege in full and other holders of subscription Rights do not exercise their
Basic  Subscription Privilege in full.  If there are not enough Excess Shares to
satisfy  all  subscriptions made under the Over-Subscription Privilege, Gulfport
will  allocate  the  remaining  Excess  Shares  pro  rata, after eliminating all
fractional  shares,   among   those   Rights   holders   who   exercised   their
Over-Subscription  Privileges.  "Pro  rata" means in proportion to the number of
shares  of  Common  Stock that each holder of Rights has purchased by exercising
its  Basic  Subscription  Privileges.  If  there is a pro rata allocation of the
remaining  Excess  Shares  and  a  holder  of Rights receives an allocation of a
greater  number  of  Excess  Shares  than  the  holder  subscribed for under its
Over-Subscription  Privilege, then Gulfport will allocate to the holder only the
number  of Excess Shares for which the holder subscribed. Gulfport will allocate
the  remaining  Excess  Shares   among  all   other   holders  exercising  their
Over-Subscription  Privileges. See "The Rights Offering-Subscription Privileges"
in  the  Prospectus.

     The  Rights  will  be  evidenced  by  transferable Rights certificates (the
"Subscription  Rights Certificates") and will be transferable until the close of
business  on  the  last  trading  day  preceding  the  Expiration  Date.

     Enclosed  are  copies  of  the  following  documents:

          1.     Prospectus;

          2.     Subscription  Rights  Certificate;

          3.     Instructions  as  to  Use  of  Gulfport  Energy  Corporation
Subscription  Rights Certificates (including a Notice of Guaranteed Delivery for
Subscription  Rights  Certificates  Issued  by Gulfport Energy Corporation); and





          4.     A return envelope addressed to UMB Bank, N.A., the Subscription
Agent.

     Your  prompt  action is requested.  To exercise Rights, you should properly
complete  and  sign  the  Subscription  Rights  Certificate  (or  the  Notice of
Guaranteed Delivery if you are following the Guaranteed Delivery Procedures) and
forward  it,  with  payment  of the Subscription Price in full for each share of
Common Stock subscribed for pursuant to the Basic Subscription Privilege and the
Over-Subscription  Privilege,  to  the  Subscription  Agent, as indicated in the
Prospectus.  The  Subscription  Agent  must  receive   the  Subscription  Rights
Certificate  or  Notice  of Guaranteed Delivery with payment of the Subscription
Price, including final clearance of any checks, prior to 5:00 p.m., Dallas time,
on  the  Expiration Date.  Failure to return the properly completed Subscription
Rights  Certificate  with the correct payment will result in your not being able
to  exercise  your  Rights.  A  Rights  holder cannot revoke the exercise of its
Rights.  Rights  not  exercised  prior  to  the  Expiration  Date  will  expire.

     Additional  copies  of  the  enclosed  materials  may  be obtained from the
Subscription  Agent  at  (816)  860-3020.


                                            Very  truly  yours,

                                            GULFPORT  ENERGY  CORPORATION