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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _______)*
Gulfport Energy Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
402635108
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(CUSIP Number)
October 12, 1998
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(Date of Event which requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed;
/ / Rule 13d-1(b)
/x/ Rule 13d-1(c)
/ / Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of at section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 402635106
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1. Names of Reporting Persons: Peter M. Faulkner
I.R.S. Identification Nos. of above persons (entities only):
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2. Check the Appropriate Box if a member of a Group (See instructions)
(a) / /
(b) /x/
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3. SEC Use Only
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4. Citizenship or Place of Organization: U.S.A.
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Number of 5. Sole Voting Power:
Shares ---------------------------------------------------------
Beneficially by 6. Shared Voting Power: 1,842,680
Owned by Each ---------------------------------------------------------
Reporting 7. Sole Dispositive Power:
Person with: ---------------------------------------------------------
8. Shared Dispositive Power: 1,842,680
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,842,680
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11. Percent of Class Represented by Amount in Row (9): 8.35%
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12. Type of Reporting Person (See Instructions)
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CUSIP No. 402635106
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1. Names of Reporting Persons: PMF Partners, L.L.C.
I.R.S. Identification Nos. of above persons (entities only):
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2. Check the Appropriate Box if a member of a Group (See instructions)
(a) / /
(b) /x/
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3. SEC Use Only
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4. Citizenship or Place of Organization: Delaware
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Number of 5. Sole Voting Power:
Shares ---------------------------------------------------------
Beneficially by 6. Shared Voting Power: 1,842,680
Owned by Each ---------------------------------------------------------
Reporting 7. Sole Dispositive Power:
Person with: ---------------------------------------------------------
8. Shared Dispositive Power: 1,842,680
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,842,680
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11. Percent of Class Represented by Amount in Row (9): 8.35%
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12. Type of Reporting Person (See Instructions) OO - limited liability company
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CUSIP No. 402635106
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1. Names of Reporting Persons: Rumpere Capital, L.P.
I.R.S. Identification Nos. of above persons (entities only):
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2. Check the Appropriate Box if a member of a Group (See instructions)
(a) / /
(b) /x/
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3. SEC Use Only
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4. Citizenship or Place of Organization: Delaware
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Number of 5. Sole Voting Power:
Shares ---------------------------------------------------------
Beneficially by 6. Shared Voting Power: 1,469,529
Owned by Each ---------------------------------------------------------
Reporting 7. Sole Dispositive Power:
Person with: ---------------------------------------------------------
8. Shared Dispositive Power: 1,469,529
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 1,469,529
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11. Percent of Class Represented by Amount in Row (9): 6.66%
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12. Type of Reporting Person (See Instructions) PN
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CUSIP No. 402635106
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1. Names of Reporting Persons: Rumpere Capital Fund, Ltd.
I.R.S. Identification Nos. of above persons (entities only):
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2. Check the Appropriate Box if a member of a Group (See instructions)
(a) / /
(b) /x/
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3. SEC Use Only
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4. Citizenship or Place of Organization: British Virgin Islands
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Number of 5. Sole Voting Power:
Shares ---------------------------------------------------------
Beneficially by 6. Shared Voting Power: 373,151
Owned by Each ---------------------------------------------------------
Reporting 7. Sole Dispositive Power:
Person with: ---------------------------------------------------------
8. Shared Dispositive Power: 373,151
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9. Aggregate Amount Beneficially Owned by Each Reporting Person: 373,151
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
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11. Percent of Class Represented by Amount in Row (9): 1.69%
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12. Type of Reporting Person (See Instructions) CO
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Item 1.
(a) Name of Issuer
Gulfport Energy Corporation
(b) Address of Issuer's Principal Executive Offices
6307 Waterford Blvd.
Building D, Suite 100
Oklahoma City, Oklahoma 73118
Item 2.
(a) Name of Person Filing
Peter M. Faulkner
PMF Partners, L.L.C.
Rumpere Capital, L.P.
Rumpere Capital Fund, Ltd.
(b) Address of Principal Business Office or, if note, Residence
Peter M. Faulkner: 767 Third Avenue, Fifth Floor,
New York, NY 10017
PMF Partners, L.L.C.: 767 Third Avenue, Fifth Floor,
New York, NY 10017
Rumpere Capital, L.P.: 767 Third Avenue, Fifth Floor,
New York, NY 10017
Rumpere Capital Fund, Ltd.: Citco Fund Services (BVI), Ltd.,
P.O. Box 662,
Road Town, Tortola, British Virgin Islands
(c) Citizenship
Peter M. Faulkner - U.S.A.
PMF Partners, L.L.C. - New York
Rumpere Capital, L.P. - Delaware
Rumpere Capital Fund, Ltd. - British Virgin Islands
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
402635106
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b)
240.13d-2(b) or (c), check whether the person is filing is a:
(a) / / Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o);
(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c) / / Insurance company as defined in section 3(a)(19) of the Act (15
U.S.C. 78c);
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(d) / / Investment company registered under section 8 of the Investment
Company Act of 1940 (15 U.S.C. 80a-8);
(e) / / An investment adviser in accordance with Section 240.13d-1(b)
(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
(h) / / A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) / / A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of
1940 (15 U.S.C. 80a-3);
(j) / / Group, in accordance with $240.13d-1(b)(1)(ii)(J).
Item 4. Ownership:
Peter M. Faulkner
(a) Amount beneficially owned: 1,842,680(1).
(b) Percent of class: 8.35%.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: none.
(ii) Shared power to vote or to direct the vote: 1,842,680(1).
(iii) Sole power to dispose or to direct the disposition of: none.
(iv) Shared power to dispose or to direct the disposition of:
1,842,680(1)
(1) Represents 1,469,529 shares of Common Stock of the subject company held by
Rumpere Capital, L.P. and 373,151 shares of common stock of the subject
company held by Rumpere Capital Fund, Ltd. Mr. Faulkner is the managing
member of PMF Partners, L.L.C., which is the general partner of Rumpere
Capital, L.P. and the investment advisor for Rumpere Capital Fund, Ltd. Mr.
Faulkner disclaims beneficial ownership of any of the securities covered by
this Schedule 13G.
PMF Partners, L.L.C.
(a) Amount beneficially owned: 1,842,680(2)
(b) Percent of class: 8.35%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: none.
(ii) Shared power to vote or to direct the vote: 1,842,680(2).
(iii) Sole power to dispose or to direct the disposition of: none.
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(iv) Shared power to dispose or to direct the disposition of:
1,842,680(2).
(2) Represents 1,469,529 shares of Common Stock of the subject company held by
Rumpere Capital, L.P. and 373,151 shares of common stock of the subject
company held by Rumpere Capital Fund, Ltd. PMF Partners, L.L.C. is the
general partner of Rumpere Capital, L.P. and the investment advisor for
Rumpere Capital Fund, Ltd. PMF Partners, L.L.C. disclaims beneficial
ownership of any of the securities covered by this Schedule 13G.
Rumpere Capital, L.P.
(a) Amount beneficially owned: 1,469,529.
(b) Percent of class: 6.66%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: none.
(ii) Shared power to vote or to direct the vote: 1,469,529.
(iii) Sole power to dispose or to direct the disposition of: none.
(iv) Shared power to dispose or to direct the disposition of:
1,469,529.
Rumpere Capital Fund, Ltd.
(a) Amount beneficially owned: 373,151.
(b) Percent of class: 1.69%.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: none.
(ii) Shared power to vote or to direct the vote: 373,151.
(iii) Sole power to dispose or to direct the disposition of:
373,151.
(iv) Shared power to dispose or to direct the disposition of: none.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following |_|
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
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Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
October 21, 1998
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Date
/s/ Peter M. Faulkner
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Signature
Peter M. Faulkner
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Name
PMF PARTNERS, L.L.C.
By: /s/ Peter M. Faulkner
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Peter M. Faulkner
Managing Member
RUMPERE CAPITAL, L.P.
By: PMF Partners, L.L.C., its general partner
By: /s/ Peter M. Faulkner
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Peter M. Faulkner
Managing Member
RUMPERE CAPITAL FUND, LTD.
By: PMF Partners, L.L.C., its investment advisor
By: /s/ Peter M. Faulkner
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Peter M. Faulkner
Managing Member
