2022 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 2022 (“2022 Annual Report and Accounts”) are now available to shareholders along with a Notice of the Annual General Meeting (“AGM”).  The 2022 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 6^th Floor, 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 2022 Annual Report and Accounts and Notice of AGM to any shareholders who have elected to receive them.

Annual General Meeting (“AGM”)

The Company’s 2023 Annual General Meeting will be held at 6^th Floor, 60 Gracechurch Street, London, EC3V 0HR on Thursday 22 June 2023 at 11.00 am.

In issuing the 2022 Annual Report and Accounts, Gulfsands’ Managing Director Mr. John Bell said:

“We are pleased to present the 2022 Annual Report and Accounts, which outlines the continued progress made by the Company during the last year.

The highlight of our year was the establishment of our Middle Eastern hub in the world-renowned Abu Dhabi Global Market (“ADGM”) in Abu Dhabi.  Our newly formed subsidiary, Gulfsands Middle East Limited (“GMEL”), will focus on increasing Gulfsands’ presence in the region, to both contribute meaningfully to the regional political discussion surrounding Syria, and to step up business development activities in the region.

We also continue to promote and advocate for “Project Hope”, a Humanitarian and Economic Stimulus initiative whereby international energy companies would return to operations in North-East Syria, with allocated revenues from oil sales deposited in an internationally administered fund and disbursed to finance early recovery, humanitarian, economic and security projects across the country – for the benefit of all Syrian people.” For further information, please refer to the Company’s website at www.gulfsands.com or contact:

Gulfsands Petroleum Plc
Michael Kroupeev, Non-Executive Chairman	+44 (0)20 3929 9476
John Bell, Managing Director
Andrew Morris, Finance Director

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.