Gulfsands Petroleum Share Discussion Threads

[shujja1] 24/2/2017 20:35

Talks also going very well could be a great result .

[sux_2bu] 24/2/2017 20:10

Just been watching Trump, he is planning to - in his words - "obliterate ISIS from the face of the Earth!"

This share is going to rocket one day.

[irishlass2] 24/2/2017 00:44

Talks seem to be going well, hence the price rise today.

[buffet_take_note] 23/2/2017 17:35

Syria conflict: Turkey says capture of IS stronghold of al-Bab nearly completehttp://www.bbc.co.uk/news/world-middle-east-39067778

[bushman1] 20/2/2017 23:06

www.newsnow.co.uk. Up to the minute information on build up to the Syrian peace talks Geneva this Thursday 23rd February as planned by U.N.

[astorcourt] 17/2/2017 15:17

Is bad robot dead?

[joestalin] 17/2/2017 11:58

Buffet chart indication means little if it is not supported by positive news.

[shujja1] 17/2/2017 10:20

Buffet chart indication is 25p by 23 Feb bring on next week go to fingers on advfn you will see what I mean

[deutsch3] 16/2/2017 21:12

So! - what does the 'bowl' tell you about the future present/intentions of the BoD ?

[sux_2bu] 16/2/2017 20:38

PS - I'm more a T/A person, the chart looks like an exciting Bowl being formed.

[joestalin] 16/2/2017 19:01

It is going to need Khurbet in full flow to get the share price anywhere near where it came from.

[rabiddog] 16/2/2017 17:35

Yep, think the important thing to take away in last 6 months is that the major shareholders will not let it go bust. We can wait till sanctions get lifted and get a return.

[buffet_take_note] 16/2/2017 17:31

Wont be high 20s until sanctions lifted but looking good

[shujja1] 16/2/2017 10:19

Bones FO mate they know not long before Syria coming together we all waited a long time with peace meeting next week this will move to high 20s

[shujja1] 16/2/2017 10:17

Excellent news

[liam1om] 16/2/2017 07:43

What are you talking about. Todays news is positive?

[bones698] 16/2/2017 07:34

The shafting getting ever closer ,it was always coming and pi's will be left with next to nothing by the time Syria is anywhere near back if that ever happens .

[shujja1] 15/2/2017 15:49

All buys showing as sells strange

[irishlass2] 15/2/2017 07:12

15 February 2017

Moulay Bouchta Extension Confirmed



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 its subsidiary, Gulfsands Petroleum Morocco Limited ("GPML"), has been awarded an extension to its Moulay Bouchta Petroleum Agreement ("Moulay Bouchta") together with a revised work programme.



As previously disclosed in the Group's Interim Report, an agreement had been reached with Office National des Hydrocarbures et des Mines ("ONHYM"), subject to the usual government approvals and certain conditions precedent, to extend the duration of the Initial Phase of the Exploration Period of Moulay Bouchta ("Initial Phase"), from two years to three years. On 8 November 2016 the Group reported that all conditions precedent had been satisfied, and it was awaiting formal approval of the extension from the Moroccan Authorities.

The Group confirms that all approvals have now been received, such that the extension has become effective.

As a result, the Initial Phase will now run to 19 June 2017 (previously 19 June 2016) with a revised work programme for the extended Initial Phase consisting of:



· acquisition of 200 km 2D line seismic;

· reprocessing and interpretation of selected legacy 2D seismic data; and

· legacy field study with the aim to identify any potential for re-activation.



Consequently, the estimated cost of the work programme as specified in the amendment to the Petroleum Agreement has been reduced from $3.5million to $2.5million.



GPML will immediately seek to begin the Environmental Impact Study in anticipation of commencing the seismic acquisition. The Company is already in discussions with ONHYM, to secure a further extension to allow additional time to complete the revised work programme.



The work programme focusses on an oil prospective area identified to the east of the depleted Haricha oil field. Based on work performed to date, GPML has identified new lead concepts with gross recoverable Prospective Resources internally estimated at 149 mmbo. This estimate has not been subject to external audit.



The Group continues to be interested in identifying a farm-in partner for the Moulay Bouchta permit and any parties interested are invited to contact the Group directly.