Gulfsands to review impact of new Syria sanctions
Syria–focused Gulfsands Petroleum (LON:GPX) is to review how it operates in the country after new sanctions imposed by the European Union. Restrictions now apply to the supply of equipment and...
View ArticleGulfsands declares force majeure on its Syrian assets
Gulfsands Petroleum (LON:GPX) has declared force majeure on its operations in Syria due to the recent imposition of sanctions by the European Union. As a result, Gulfsands said it cannot expect to...
View ArticleGulfsands declares force majeure on its Syrian assets - UPDATE
---Adds broker comment---Gulfsands Petroleum (LON:GPX) has declared force majeure on its operations in Syria due to the recent imposition of sanctions by the European Union.As a result, Gulfsands said...
View ArticleGulfsands reports discovery at Al Khairat
Syria-focused Gulfsands Petroleum (LON:GPX) today reported its exploration well on the Al Khairat prospect in Syria had hit oil at a decent rate. Gulfsands said the Al Khairat-1 exploration well...
View ArticleGulfsands Petroleum says Khurbet East 102 is consistent with expectations
Gulfsands Petroleum (LON:GPX) said that results from its Khurbet East 102 well in Syria were generally consistent with expectations. They also confirm initial estimates for the Butmah Formation of 19.2...
View ArticleGulfsands Petroleum chairman increases stake in firm
Gulfsands Petroleum's (LON:GPX) chairman Andrew West has increased his stake in the AIM-quoted oil firm.Today, West bought 17,500 shares in the company at 179 pence per share for £31,325, a statement...
View ArticleGulfsands Petroleum seeks fast track opportunities for new non-Syria businesses
Gulfsands Petroleum (LON:GPX) today said it is looking for a ‘fast track’ opportunity to build another non-Syrian based business unit. The firm said that it intends to maintain its presence in Syria to...
View ArticleGulfsands Petroleum seeks fast track opportunities for new non-Syria...
---Adds broker comments from Seymour Pierce--- Gulfsands Petroleum (LON:GPX) today said it is looking for a ‘fast track’ opportunity to build another non-Syrian based business unit. The firm said...
View ArticleWaterford increases Gulfsands Petroleum stake to over 19 per cent
Waterford Finance & Investment has increased its stake in Gulfsands (LON:GPX) to 19.29 per cent, it was revealed this morning. In December it was revealed Waterford held 15 per cent of the oil...
View ArticleGulfsands Petroleum prepares to test new Tunisian discovery
Gulfsands Petroleum (LON:GPX) today told investors that preparations are underway to begin a production testing programme on the Sidi Dhaher discovery well. It said the operator of the venture, ADX...
View ArticleGulfsands Petroleum to review Sidi Dhaher after test results
Gulfsands Petroleum (LON:GPX) is to review the data from the Sidi Dhaher well in Tunisia before conducting any further operations on the structure, it said today. The decision follows results from...
View ArticleGulfsands Petroleum's Chorbane permit in Tunisia extended to 2015
Gulfsands Petroleum (LON:GPX) announced that its Chorbane permit onshore Tunisia has been renewed for a further three years. The approval to extend the licence was granted by the Tunisian authorities...
View ArticleGulfsands Petroleum bolsters Tunisia interests
Gulfsands Petroleum (LON:GPX) this morning unveiled deals to acquire stakes in projects outside Syria. In Tunisia, it is buying an additional 30% stake in the Chorbane joint venture, taking its...
View ArticleRussian investor ups stake in Gulfsands Petroleum
Russian oil and gas investor Soyuzneftegas Capital has increased its stake in Gulfsands Petroleum (LON:GPX). Acquiring just shy of 2mln Gulfsands shares yesterday the Russian investor's stake rises...
View ArticleGulfsands Petroleum acquires near-term gas production in northern Morocco
Gulfsands Petroleum (LON:GPX) has acquired new assets in northern Morocco which could potentially deliver revenues next year.The AIM quoted oil firm has struck a deal with Caithness Petroleum to buy...
View ArticleUPDATE: Gulfsands Petroleum acquires near-term gas production in northern...
---Adds broker comment--- Shares in Gulfsands Petroleum (LON:GPX) rose today after it announced the acquisition of new assets in northern Morocco, which could deliver revenues next year. The AIM-quoted...
View ArticleGulfsands Petroleum completes Moroccan deal
Gulfsands Petroleum (LON:GPX) this morning confirmed it has now completed its Moroccan acquisition. The deal with Caithness Petroleum was agreed in December, and following cash payments totalling...
View ArticleMorocco oil explorers could see step up in farm-outs and possibly M&A - Citi
Morocco’s emerging oil industry could see a step-up in corporate activity, according to investment banking heavyweight Citi. In a note today Citi said it sees the potential for an increase in farm-outs...
View ArticleGulfsands Petroleum offers compelling value following Morocco entry, says broker
At current levels, Gulfsands Petroleum's (LON:GPX) share price offers compelling value ahead of important drilling work later this year, says Cantor Fitzgerald. Gulfsands has been working to add...
View ArticleGulfsands Petroleum expands again with new Colombia acreage
Gulfsands Petroleum (LON:GPX) has further expanded its geological footprint adding new acreage in Colombia. It has secured two exploration and production agreements, Llanos Area 50 and Putumayo Area...
View ArticleGulfsands Petroleum says it's made substantial progress with new opportunities
Gulfsands Petroleum (LON:GPX) says it has made substantial progress in applying its financial and technical strengths to new business opportunities. The company is expecting 2013 to be a busy year with...
View ArticleGulfsands Petroleum: Mahdi Sajjad to succeed Malcolm after resignation
Gulfsands Petroleum (LON:GPX) has appointed Mahdi Sajjad as chief executive following the resignation of Ric Malcolm. Sajjad is currently executive director and president. This management change...
View ArticleGulfsands Petroleum appoints former Shell man as director
Ex-Shell man Michel Faure is a new director at Gulfsands Petroleum (LON:GPX), the firm said. Faure is an experienced professional in the oil sector and recently retired from Royal Dutch Shell where he...
View ArticleGulfsands chairman set to retire this year
Andrew West, chairman of Gulfsands Petroleum (LON:GPX), plans to step down from the board later this year. He is leaving due to his other professional and personal commitments, the company revealed....
View ArticleGulfsands Petroleum puts head of finance Alan Cutler on the board
Gulfsands Petroleum (LON:GPX) has appointed Alan Cutler to its board as director of finance and administration. Cutler, a chartered accountant with 28 years experience in the oil and gas industry,...
View ArticleGulfsands Petroleum looks forward to Morocco drilling
Gulfsands Petroleum (LON:GPX) looks forward to drilling in Morocco before the end of the year. In today’s interim results statement Gulfsands said it expects work to start on the first well in a five...
View ArticleGulfsands still optimistic after first two wells find sub-commercial gas
Gulfsands Petroleum (LON:GPX) said it is optimistic for the remainder of its multi-well drill programme onshore Morocco, after it revealed that the first two wells encountered sub-commercial volumes of...
View ArticleGulfsands' BFD-2 well deemed uncommercial despite “significant” gas shows
Gulfsands Petroleum (LON:GPX) told investors that the BFD-2 well, its third onshore Morocco, encountered significant gas shows and confirmed the pre-drill geological model of the prospect. Analysis of...
View ArticleGulfsands' Morocco drilling will be guided by newly-shot 3D seismic
The oil and gas explorer Gulfsands Petroleum (LON:GPX) said its fourth well location on the Rharb permit in Morocco will be chosen with the benefit of newly-shot 3D seismic and will be drilled late...
View ArticleBIG PICTURE – Gulfsands expects better results will follow 3D insight
The oil and gas explorer Gulfsands Petroleum (LON:GPX) said its fourth well location on the Rharb permit in Morocco will be chosen with the benefit of newly-shot 3D seismic and will be drilled late...
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