EXHIBIT 99.7

                         BENEFICIAL OWNER ELECTION FORM

                                  INSTRUCTIONS

     The  undersigned  acknowledge(s)  receipt  of  your letter and the enclosed
materials referred to therein relating to the offering of shares of Common Stock
of  Gulfport  Energy  Corporation,  a  Delaware  corporation  ("Gulfport").

      This  will  instruct  you  whether  to exercise or sell Rights to purchase
shares  of  Gulfport's  Common  Stock  distributed with respect to the shares of
Gulfport's Common Stock held by you for the account of the undersigned, pursuant
to  the  terms and subject to the conditions set forth in the Prospectus and the
related  "Instructions  as  to  Use  of Gulfport Energy Corporation Subscription
Rights  Certificates."

     Box  1.  [  ]  Please  DO  NOT  EXERCISE RIGHTS for shares of Common Stock.

     Box  2.  [  ]  Please  SELL________RIGHTS and remit the net proceeds to the
undersigned.

     Box  3. [  ] Please EXERCISE RIGHTS for shares of Common Stock as set forth
below.

                              Number  of           Subscription
     Payment                    Rights                Price
  _____________            ______________________________________

Basic  Subscription  Privilege:           x                 = $_____  (Line  1)

Over-Subscription  Privilege:             x                 = $_____  (Line  2)

     Total  Payment  Required                               = $_____  (Sum of
                                                              Lines  1  and  2;
                                                              must equal total
                                                              in Boxes 4 and 5.)

     Box  4. [  ] Payment  in  the  following amount is enclosed $ __________.


     Box  5. [  ] Please deduct payment from the following account maintained by
             you  as  follows:

          _____________________               _________________________
                   Type  of  Account               Account  Number:

                    Account  to  be  deducted:    $________________________



                                        _________________________________

                                        _________________________________
                                                   Signature(s)

                                        Please  type  or  print  name(s)  below:

                                        _________________________________

                                        _________________________________

Date:  ___________,  2004