Additional Information
Market: AIM
Sector: Energy
EPIC: GPX
Latest Price: 174.63p  (1.68% Ascending)
52-week High: 350.00p
52-week Low: 139.00p
Market Cap: 205.62M
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Gulfsands Petroleum
www.gulfsands.com

 

Gulfsands Petroleum Plc is an independent oil and gas exploration and production company, whose shares are traded on the London Stock Exchange (symbol: AIM:GPX). The Group's major focus is on the Middle East and North Africa where it has oil exploration and development projects in the Syrian Arab Republic, oil exploration projects in Tunisia, and upstream and midstream oil and gas business development activities in Iraq. Gulfsands also produces oil and gas from a portfolio of properties in the USA, offshore Gulf of Mexico.

 

Pdf

Gulfsands Petroleum shares surge over 19% as it confirms preliminary approach

18th Mar 2010, 4:00 pm Gulfsands Petroleum shares surge over 19% as it confirms preliminary approach

Gulfsands Petroleum (AIM: GPX) noted its recent share price movement on London’s AIM market and confirmed that has received a preliminary approach, which may or may not lead to an offer for Gulfsands. The company’s shares have surged over 19% to trade at 310p on the London Stock Exchange today.

Gulfsands Petroleum is an independent oil and gas company which is focused on the development of its assets in Syria and Iraq. The company also produces oil and gas from a portfolio of properties in the United States.

In February, Gulfsands reported a significant production milestone at the Khurbet East Field in Syria's Block 26, with 7 million barrels of cumulative oil production now complete. The oilfields average daily gross oil production continues at approximately 17,000 barrels oil per day (bopd), with minimal water production or pressure depletion to date.

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