Gulfport Energy (GPOR) S-3ASR Automatic shelf registration

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS (DEFICIT) TO FIXED CHARGES

	Year Ended December 31,											For the Three Months Ended March  31, 2011
	2006		2007		2008			2009		2010
	Unaudited (in thousands, except ratios)
EARNINGS
(Loss) income from continuing operations	$	27,808,000	$	37,775,000	$	(184,502,000	)	$	23,627,000	$	47,363,000	$	21,174,000
Interest expense		1,956,000		3,091,000		4,762,000			2,309,000		2,761,000		653,000
Interest expense—Preferred Stock		—		—		—			—		—		—
Income before fixed charges		29,764,000		40,866,000		(179,740,000	)		25,936,000		50,124,000		21,827,000
FIXED CHARGES
Interest expense		1,956,000		3,091,000		4,762,000			2,309,000		2,761,000		653,000
Interest expense—Preferred Stock		—		—		—			—		—		—
Total fixed charges		1,956,000		3,091,000		4,762,000			2,309,000		2,761,000		653,000
Earnings/fixed charge coverage ratio		15.2		13.2		NM	*		11.2		18.2		33.4

* Not meaningful