Gulfsands Petroleum PLC Board and Management Changes (9246E)

TIDMGPX

RNS Number : 9246E

Gulfsands Petroleum PLC

22 July 2016

GULFSANDS PETROLEUM PLC

Board and Management Changes

22 July 2016

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                        [phone] 
John Bell, Managing Director 
 Andrew Morris, Finance Director 
 James Ede-Golightly, Non-Executive Chairman 
 
Cantor Fitzgerald Europe 
 Sarah Wharry 
 Craig Francis                                 [phone] 
 

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 22, 2016 02:00 ET (06:00 GMT)