Item 5.  OTHER EVENTS

         Gulfport Energy  Corporation  announced today that its President,  Mark
Liddell, died December 24, 1999. Mr. Liddell joined the Company as a Director in
July of 1997 and subsequently became President in 1998.

         Gulfport  Energy  Corporation  is an  independent  oil and gas producer
specializing in the development of mature oil and gas fields in south Louisiana.
The Company's operations are centered in one of the oldest and historically most
prolific oil and gas regions in the United  States.  The Board of Directors  and
the Chief  Executive  Officer,  Mike  Liddell,  plan to  continue to exploit the
Company's extensive reserve base through drilling and recompletion projects.

                              Gulfport Energy Corporation
                              By: /s/ MIKE LIDDELL
                                        Mike Liddell
                                      Chief Executive Officer


Date:  December 27, 1999