Share Name Share Symbol Market Type Share ISIN Share Description
Gulfsands Petroleum LSE:GPX London Ordinary Share GB00B06VGC01 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.375p -11.58% 10.50p 10.50p 10.50p 12.25p 9.875p 12.25p 2,659,809.00 16:23:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -47.0 -39.8 - 54.60

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DateSubject
10/12/2016
08:20
Gulfsands Petroleum Daily Update: Gulfsands Petroleum is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker GPX. The last closing price for Gulfsands Petroleum was 11.88p.
Gulfsands Petroleum has a 4 week average price of 5.14p and a 12 week average price of 3.79p.
The 1 year high share price is 13.88p while the 1 year low share price is currently 2.63p.
There are currently 519,995,785 shares in issue and the average daily traded volume is 3,140,305 shares. The market capitalisation of Gulfsands Petroleum is £54,599,557.43.
09/12/2016
11:22
wantmorethan24p: here it the article from nearly 8 years ago..very interesting read for all you investors here. August 13, 2009 3:00 am Sinochem to buy Emerald Energy By Michael Kavanagh in London Sinochem, the state-controlled Chinese chemicals company, has agreed to buy London-listed Emerald Energy for £532m ($879m). The recommended cash offer, at 750p a share, was backed by the company's two leading shareholders - Waterford Financial and Investment, the vehicle controlled by Russian investor Michael Kroupeev that owns 31 per cent of Emerald, and Soyuzneftegas, the Russian gas company with an 8 per cent stake. JPMorgan, Standard Life and Legal & General are also significant investors in the oil exploration and production company, whose resources are concentrated in Colombia and Syria. Shares in Emerald, which in June unveiled a small slide in interim pre-tax profits of $16.8m ($19m) on revenues of $42m ($30m), jumped by 13 per cent in July to 623p after it revealed it had received an all-cash takeover offer. Yesterday they closed up 62½p at 737½p. Sinochem Group is China's fourth-biggest oil company and a leading provider of fertiliser, pesticide and seed products. Though analysts had tipped a 750p-a-share offer from a Chinese state-owned company, speculation had centred on fellow Chinese companies Sinopec and CNOOC as being likely suitors. The recommended offer follows an agreed $7.6bn takeover offer by Sinopec of Addax Petroleum announced in June. The London and Toronto-listed company, as well as controlling resources off west Africa, also has oil assets in Iraqi Kurdistan close to Emerald's in north-east Syria on the Iraq border. Alastair Beardsall, executive chairman of Emerald, said the Sinochem offer, at a 34 per cent premium to its share price ahead of the confirmation of talks, represented "fair value".Han Gensheng, president of Sinochem Corporation, said the deal was "another step in our strategy of building a global energy company". The Sinochem deal follows the announcement in June of a proposed $6bn merger between London-listed Heritage Oil and Genel Energy of Turkey, both of which have interests in Iraqi Kurdistan.
09/12/2016
11:21
wantmorethan24p: hi guys.. happy for you investors that you are recouping some losses and to new investors who bought low must be well in profit. i would defintely buy these but do not have any funds left (as loaded in Genel bigtime) but am finding it fun watching this share price up and down.. i think when the war ends these could easily hit around 30p -50p... market cap is presently around £55m.. i think years ago sinopec bought the assets from emerald energy for around £500m and their main asset was block 26 in SYRIA.
08/12/2016
14:23
glenbo1: What is a realistic short term share price target here?
08/12/2016
14:07
mrkeysersoze: The same share price movement as yesterday... Late afternoon buying .... US influenced? Mr K.
07/12/2016
21:45
trickster1: This is a Christmas giveaway people. Fill your boots, sanction will be lifted , google the news. Don't wait NEWS sanction has been lifted, by then the share price will be closer to 150p. EU doing deals with Assad now. FOLLOW HASHTAG TRICKSTER 1.8M FOLLOWERS
07/12/2016
16:23
effiert: They were producing 25,000 barrels of oil per day in 2011. Before the Syria conflict Share price in 2011 400p
28/8/2015
17:14
shaws67: Here you go whoppy..... Last night, Gulfsands Petroleum (GPX) announced details of its long awaited $22million open offer. For long-term shareholders there wasn’t much to cheer about. At 4p, the best they can now hope for is to average down by taking up their 3.01 open offer shares and pray for a turnaround. But what chance is there of this? With its history of failure and little sign of the Syrian conflict abating, I imagine Gulfsands features pretty highly on many bargepole lists. Factor in oil price weakness and the controlling presence of Waterford and Richard Griffiths and, at face value, there isn’t much that is attractive about this stock. However, in last night’s announcement there was an interesting aspect, which might indicate all is not yet lost. The Takeover Panel has granted a conditional Rule 9 waiver, subject to shareholder approval. This waiver concerns Waterford’s and Griffiths’ agreement to underwrite the open offer and acquire all shares not taken up by eligible shareholders. The crucial term of the waiver says: “In the event that either Waterford or Mr. Griffiths each holds more than 30 per cent. but not more than 50 per cent. of the Company's Enlarged Share Capital, any further increase in such shareholding would be subject to the provisions of Rule 9 of the Takeover Code.” The significance of this waiver becomes clear, with a little understanding about Waterford and Griffiths’ pursuit of Gulfsands over the last couple of years. Currently Waterford is Gulfsands largest shareholder, with 28.08% of the issued share capital, while companies associated with Griffiths own a collective 9.69%. At the turn of the year Waterford and Griffiths began successful (but drawn out) shareholder rebellion. This led to the removal of Ken Judge as a director, but also set in train a series of events that culminated in CEO Mahdi Sajjad being forced from the board, with Alastair Beardsall joining the company as Executive Chairman. Beardsall has previously been an officer or director of several other Waterford related companies. In this context, the Takeover Panel’s conditional waiver suggests that it has been satisfied that Waterford and Griffith’s intentions are to preserve Gulfsands as a listed vehicle and not to take it private. With Gulfsands’ share price currently at 4.8p (last seen) and without a Rule 9 waiver, assuming that Waterford and/or Griffiths end up owning more than 30% of the company they would be required to make a takeover bid at the highest price they paid for stock over the last twelve months. This would be a ruinous decision, in the current climate, and is no doubt why Gulfsands’ board put this warning in bold in the RNS: “Should the Open Offer not proceed, the Company will not have sufficient working capital to continue its operations as a going concern and there is a possibility that the Directors may be required to consider placing the Company into an insolvency process. Furthermore the holders of the Convertible Loan Facility may issue a demand for repayment, and if the outstanding balance is not repaid the holders of the Convertible Loan Facility may exercise their security over some of the assets of the Group, namely the interests in Block 26, Syria, and the various interests in Morocco.” Like it or not, shareholders have no choice but to accept the terms of the open offer (which include a capital reorganisation) or face losing everything. The potential of Block 26 in Syria is unmistakable; the serious problem is whether or not the company will ever regain access to it. As for its Moroccan interests, the jury is still out, but whatever the case Waterford and Griffiths are prepared to put millions of dollars into the company. This in itself could be a positive indicator. As unpalatable as the proposed open offer might be to ordinary shareholders, with the letters of support (representing 19.5% of the company) the board has apparently received in favour of the resolutions, it looks like it is a done deal. This isn’t likely to appease shareholders and it remains to be seen whether Gulfsands can recover from the disastrous reputational damage the last few years have inflicted upon the company. It is also unclear the extent to which the Waterford/Griffiths axis will align with the interests of ordinary shareholders. Much could depend on who ends up owning what, once the fundraising has been completed. It is possible that the controlling interests of Gulfsands could push the company’s share price higher, with a small outstanding float. If this happens the share price might end up at a multiple of today’s price, but gambling on this would require a leap of faith.
23/2/2015
11:34
ubiquitoust: Better being in gpx than gkp. One day investors will catch on.Gpx share price above keystone now, again.
12/2/2015
13:57
ubiquitoust: Gpx share price now higher than gkp
26/1/2015
19:26
shaws67: RG was the reason GPX share price fell below 28p in Feb 2014.
Gulfsands Petroleum share price data is direct from the London Stock Exchange
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