Last 50.50 GBp
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Volume 1.8K
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As of 6:07 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

gulfsands petroleum plc (GPX) Snapshot

50.50 GBp
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Day High
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52 Week High
09/16/13 - 77.00 GBp
52 Week Low
02/18/14 - 27.75 GBp
Market Cap
Average Volume 10 Days
-0.23 GBp
Shares Outstanding
Dividend Yield

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gulfsands petroleum plc (GPX) Details

Gulfsands Petroleum plc, an independent oil and gas exploration and production company, is engaged in the exploration, development, and production of oil and gas primarily in the Middle East, North Africa, and the Republic of Colombia. It has exploration projects in Morocco, and onshore and offshore Tunisia; two operated interests in exploration licenses in Colombia; and a non-operated portfolio of producing oil and gas properties in the United States. The company was founded in 1997 and is headquartered in London, the United Kingdom.

57 Employees
Last Reported Date: 05/31/14
Founded in 1997

gulfsands petroleum plc (GPX) Top Compensated Officers

Founder, Chief Executive Officer, President a...
Total Annual Compensation: $788.0K
Director of Finance & Administration and Exec...
Total Annual Compensation: $97.0K
Commercial Director and Executive Director
Total Annual Compensation: $824.0K
Compensation as of Fiscal Year 2013.

gulfsands petroleum plc (GPX) Key Developments

Gulfsands Petroleum plc Announces Board Changes

Gulfsands Petroleum plc announced that David Cowan has stepped down as a Non-executive Director and Peter Ian Conway has been appointed as Executive Director for technical and operations. Ian Conway is a Petroleum Engineer with more than 25 years of experience in the oil and gas exploration and production sector, including substantial roles with ExxonMobil International, Maersk and BP both in the UK and internationally.

Gulfsands Petroleum plc Provides Update on Activities Underway in Morocco

Gulfsands Petroleum plc provided update on activities underway in Morocco on Rharb Drilling Programme. Drilling operations within the Rharb Centre Permit in Northern Morocco using the COFOR SAS Cabot 750 rig have now recommenced with the drilling of the Lalla Yetou Updip-1 gas exploration well ("LTU-1"). The LTU-1 well location has been selected based upon interpretation of the Rharb 3D seismic survey data acquired by the Company during 2013. LTU-1 is designed to be drilled to a total vertical depth of approximately 1,180 metres, and will evaluate predicted Miocene aged sandstone reservoirs contained within a fault bound structural closure that have been identified from 3D seismic data as having the potential to be gas bearing. LTU-1 is located up dip structurally from a previous well Lalla Yetou-3 that found gas bearing sands. The Company expects that drilling operations at LTU-1 will be completed within 28 days.

Gulfsands Petroleum plc Auditor Raises 'Going Concern' Doubt

Gulfsands Petroleum plc filed its Annual on May 31, 2014 for the period ending Dec 31, 2013. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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