13D Filing: Firefly Value Partners and Gulfport Energy Corp (NASDAQ:GPOR)

The following constitutes the Schedule
13D filed by the undersigned (the “Schedule 13D”).

Item 1.

Security and Issuer.

This statement relates
to the common stock, $0.01 par value per share (the “Shares”), of Gulfport Energy Corporation, a Delaware corporation
(the “Issuer”). The address of the principal executive offices of the Issuer is 3001 Quail Springs Parkway, Oklahoma
City, Oklahoma 73134.

Item 2.

Identity and Background.

(a)       This
statement is filed by:

(i)       FVP
Master Fund, L.P., a Cayman Islands exempted limited partnership (“FVP Master Fund”), with respect to the Shares directly
and beneficially owned by it;

(ii)      Firefly
Value Partners, LP, a Delaware limited partnership (“Firefly Value Partners”), as the investment manager of FVP Master
Fund;

(iii)     FVP
GP, LLC, a Delaware limited liability company (“FVP GP”), as the general partner of FVP Master Fund;

(iv)     Firefly
Management Company GP, LLC, a Delaware limited liability company (“Firefly Management”), as the general partner of
Firefly Value Partners;

(v)
Ryan Heslop, as a Managing Member of FVP GP and Firefly Management; and

(vi)     Ariel
Warszawski, as a Managing Member of FVP GP and Firefly Management.

Each of the foregoing
is referred to as a “Reporting Person” and collectively as the “Reporting Persons.” Each of the Reporting
Persons is party to that certain Joint Filing Agreement, as further described in Item 6. Accordingly, the Reporting Persons are
hereby filing a joint Schedule 13D.

(b)       The
principal business address of FVP Master Fund is c/o dms Corporate Services, Ltd., P.O. Box 1344, dms House, 20 Genesis Close,
Grand Cayman, KY1-1108, Cayman Islands. The principal business address of each of Firefly Value Partners, FVP GP, Firefly Management
and Messrs. Heslop and Warszawski is 601 West 26^th Street, Suite 1520, New York, New York 10001.

(c)       The
principal business of FVP Master Fund is investing and trading in a wide variety of securities and financial instruments. The principal
business of Firefly Value Partners is serving as the investment manager of FVP Master Fund. The principal business of FVP GP is
serving as the general partner of FVP Master Fund. The principal business of Firefly Management is serving as the general partner
of Firefly Value Partners. The principal occupation of each of Messrs. Heslop and Warszawski is serving as a Managing Member of
FVP GP and Firefly Management.

(d)       No
Reporting Person, has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).