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Gulfsands adds two non-executive directors to board

Published: 07:58 10 Oct 2016 BST

directors in a meeting
Kroupeev's Waterford Finance and Investment backed a recent share placing.

Gulfsands Petroleum PLC (LON:GPX) has notified investors of two new board appointments, with Michael Kroupeev and Richard Milne joining as non-executive directors with immediate effect.

Kroupeev is a founder of Waterford Finance and Investment, which owns 37.32% of Gulfsands as well as substantial interests in other oil and gas companies.

Milne was most recently head of legal and commercial affairs at Petrofac, up until last year, and has spent some 15 years in corporate finance.

Waterford was among the investors that supported Gulfsands’ £1.5mln share placing in August.

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