2021 Annual Report and Notice of Annual General Meeting

Gulfsands Petroleum plc (“Gulfsands” or the “Company“, the “Group”), the oil and gas company focused on the Middle East and broader MENA region, is pleased to announce the Company’s Annual Report and Accounts for the year-ended 31 December 2021 (“2021 Annual Report and Accounts”) are now available to shareholders along with a Notice of the Annual General Meeting (“AGM”).  The 2021 Annual Report and Accounts and Notice of AGM are available to download from the Company’s website, www.gulfsands.com and from the Company’s registered office at 60 Gracechurch Street, London, EC3V 0HR.  A letter has been dispatched to all shareholders explaining the arrangements for the AGM together with hard copies of the 2021 Annual Report and Accounts and Notice of AGM to any shareholders who have elected to receive them.

Annual General Meeting (“AGM”)

We are pleased to confirm that after two years of Covid-19 related restrictions, the Company can return to having in-person General Meetings and so the 2022 Annual General Meeting will be held at 60 Gracechurch Street, London, EC3V 0HR on Thursday 23 June 2022 at 11.00 am.

In issuing the 2021 Annual Report and Accounts, Gulfsands’ Managing Director Mr. John Bell said:

“We are pleased to present our result for the year, and we hope that our shareholders will enjoy reading about the progress we have made in the business. 

The successful resolution of environmental issues in Colombia and the elimination of related liabilities, means that the clean-up of our legacy portfolio is complete.  The extension, expansion and amendment of our 2017 Financing Facility has brought clarity over both our medium-term financing and the important pathway to equitize that Facility in due course.  We have also increased our focus on Sustainability during the year, putting in place frameworks and procedures that will guide our business as we move forward.

These developments mean that we now have a clean, solid platform to press ahead with our ambitions in Syria, when circumstances allow, and in the broader MENA region.”

For further information, please refer to the Company’s website at www.gulfsands.com or contact:

Gulfsands Petroleum Plc	+44 (0)20 3929 9476
Michael Kroupeev, Non-Executive Chairman John Bell, Managing Director Andrew Morris, Finance Director
Camarco	+44 (0)20 3757 4983
Billy Clegg / Owen Roberts

Certain statements included herein constitute “forward-looking statements” concerning the Company within the meaning of applicable securities legislation. These forward-looking statements are based on certain assumptions made by Gulfsands and as such are not a guarantee of future performance. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Gulfsands’ ability to control or estimate precisely, such as general economic and market conditions in various countries and regions, political risks, environmental and physical risks, legislative, fiscal and regulatory developments, drilling and production results, reserves estimates, changes in demand for Gulfsands’ products, increased costs of production or price fluctuations in crude oil and natural gas. Gulfsands cannot give any assurance that such forward-looking statements will prove to be correct. Gulfsands does not undertake any obligation to update or revise publicly any forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except as required by applicable laws.