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Gulfsands Petroleum PLC (GPX.L)

GPX.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Gulfsands Petroleum secures 4 mln stg financing facility
Thursday, 16 Feb 2017 02:00am EST 

Gulfsands Petroleum Plc : Secured term financing facility of up to 4 million stg . Finalised a secured term facility of up to 4 million stg( "facility") with its major shareholders . Facility is available for drawdown by company in five equal tranches .Proceeds will be used for general and administrative expenses of group and for working capital purposes.  Full Article

Gulfsands Petroleum to extend Colombia Llanos licence
Tuesday, 8 Nov 2016 11:35am EST 

Gulfsands Petroleum Plc : Licence update . First exploration phase of Llanos 50 contract no 1 expired on 7 Nov with minimum work obligations outstanding. .Co is in active dialogue with Agencia Nacional De Hidrocarburos in Colombia.  Full Article

Gulfsands Petroleum posts H1 loss
Tuesday, 16 Aug 2016 02:00am EDT 

Gulfsands Petroleum Plc : H1 pretax loss $4.8 mln versus $31.3 mln loss year ago . Exploration write-offs and impairments of $1.4 mln in period . Restricted cash balances of $2.2 mln after provisions against recovery .Cash available for use by group at June 30 2016 of $1.8 mln.  Full Article

Gulfsands Petroleum says to raise 1.5 mln stg via placing
Wednesday, 10 Aug 2016 08:24am EDT 

Gulfsands Petroleum Plc : Received commitments to raise approximately 1.5 mln stg by a placing of 47.3 mln new shares at 3.125 pence per share . Shares have been subscribed for by existing shareholders, Waterford Finance & Investment, co's owned and/or controlled by Richard Griffiths, and ME investments .Proceeds will be used for general working capital purposes.  Full Article

Gulfsands Petroleum plc announces management change
Wednesday, 22 Apr 2015 07:28am EDT 

Gulfsands Petroleum plc:Has received notice from Alan Cutler resigning from his executive role as Director of Finance and Administration.The notice period under Alan's contract is 6 months, during which time his duties will be transferred to other members of staff.It is expected that Alan will leave the Company during the third quarter of 2015.  Full Article

Gulfsands Petroleum announces new chairman
Tuesday, 14 Apr 2015 02:00am EDT 

Gulfsands Petroleum plc:Says appointed Alastair John Beardsall as executive chairman with immediate effect.Says Mahdi Sajjad removed from his role as chief executive, as permitted by company's articles of association.  Full Article

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