Board and Management Changes

Gulfsands Petroleum plc (“Gulfsands”, the “Group” or the “Company” – AIM: GPX), the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, today announces that Alastair Beardsall, Executive Chairman, will be retiring from his executive role and as a Director of the Company with immediate effect.

Executive duties will be assumed by Mr. John Bell, as Managing Director and Mr Andrew Morris, as Finance Director.  Mr James Ede-Golightly will assume the role of Non-Executive Chairman.

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

Gulfsands Petroleum Plc	+44 (0)20 7464 4490
John Bell, Managing Director Andrew Morris, Finance Director James Ede-Golightly, Non-Executive Chairman
Cantor Fitzgerald Europe Sarah Wharry Craig Francis	+44 (0)20 7894 7000

 

Certain statements included herein constitute “forward-looking statements” 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. Actual results could differ materially from those expressed or implied in such forward-looking statements due to factors such as general economic and market conditions, increased costs of production or a decline in oil and gas prices. Gulfsands is under no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (“MAR”). Upon the publication of this announcement via Regulatory Information Service (“RIS”), this inside information is now considered to be in the public domain.