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
  +0.00p +0.00% 12.125p 11.75p 12.50p 12.125p 12.125p 12.125p 168,438.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -47.0 -39.8 - 63.05

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DateSubject
22/1/2017
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 12.13p.
Gulfsands Petroleum has a 4 week average price of 10.03p and a 12 week average price of 7.07p.
The 1 year high share price is 13.88p while the 1 year low share price is currently 2.75p.
There are currently 519,995,785 shares in issue and the average daily traded volume is 592,893 shares. The market capitalisation of Gulfsands Petroleum is £63,049,488.93.
30/12/2016
09:10
wantmorethan24p: cash will not be a problem for GPX because Ayman Asfari is a major shareholder and he is also the Chief Executive of Petrofrac. They also have a Russian investor who holds nearly 37% and also Richard Griffiths ex evolution who is a major shareholder owns 31% as you see they are backed by some heavyweights... and not forgetting this man Al Mashreq who is Asaad cousin and he owns around 7m shares(1.35%). once the war end game is near ie could take 6 months then just wait and see where the share price is.. a nice tuckaway at current prices me thinks.
29/12/2016
22:18
wantmorethan24p: old news but worth a read. 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.
22/12/2016
15:49
mr genel energy: Small Private Investors ( i know theres quite a few here GKP had 35,000 and EEL a lot came out of the woodworks when it was suspended)) if you had 3000 shares bought at £2 your total investment would be £6000. now if you took part in the open offer you would have been able to purchase another 9000 shares at 4p costing you £360. so your total investment now is £6360 and you owe 12000 shares. to get your investment back the share price will need to rise to 53p. at 53p the company will have a market cap of around £250m. is it possible..>>>could be they get their syria assets back... i think waterfords want all their money back because they purchased at much higher prices.
22/12/2016
15:02
mr genel energy: OLD NEWS BUT WORTH A READ. Gulfsands Petroleum PLC's largest single shareholder Monday called for a strategic review into the company, and called for fellow shareholders to vote against the re-election of Chairman Andrew West at the company's annual general meeting. "[Gulfsands Petroleum has failed] to appoint a new Chairman following Mr. Andrew West's announced intention, almost one year ago in July 2013, to resign from the board," Waterford Finance & Investment, which owns a 26.78% stake in Gulfsands Petroleum, said in a statement. "Only someone with a very high opinion of himself would [publicly] state his intention to resign and then offer himself for re-election," the shareholder added. Gulfsands Petroleum was not immediately available for comment. In a statement released after the market close Monday, Waterford said that Gulfsands Petroleum, an oil and gas exploration and production company with operations in the Middle East and North Africa, has "lost its direction" under the direction of a board which "has failed to deliver any value" to shareholders over the last two years. It also said the board and management have been overpaid over the last three years. Waterford added that its other main over-riding concern is that the company will run out of cash in the near future, and will attempt to raise funds at a discount to its current share price in a move which, if successful, would dilute existing shareholders. In response to this concern, Waterford also proposed that shareholders should block resolutions that would give the current board the right to allot shares. "The board has spent over USD100.0 million during the course of three years with no visible commercial success," Waterford said in a statement. "[It has] failed to complete the disposal of US business. The value of the disposals to date do not reflect the purported values given in numerous management reports and presentations. [It has] failed to achieve exploration success in Tunisia, actually increased stakes in t
21/12/2016
16:20
mr genel energy: A little-known Chinese group has emerged as the mystery party behind a £485m takeover bid for San Leon Energy, a London-listed oil explorer. Sky News understands that Geron Energy Investment lodged an 80p-a-share indicative offer for San Leon in recent weeks. Talks about the bid from Geron Energy are ongoing, prompting a statement on Monday from the board of San Leon which confirmed that it had "received an approach from a possible offeror, which may or may not lead to an offer being made for San Leon". The interest from the Chinese bidders came months after San Leon raised money through a share placing at 45p, slightly below the level at which the shares were trading on Wednesday. Investors in San Leon would welcome a bid at the indicative level of 80p, given that it is at a substantial premium to a share price which has already risen by 45% this year. San Leon's operations are focused on oil and gas development in Africa and Europe, including a near-10% stake in a major oil-producing asset in Nigeria. Earlier this year, the company announced the appointment of Mutiu Sunmonu, the former head of Shell Nigeria, as its new non-executive chairman. San Leon said the completion of the Nigerian deal will result in it returning 50% of free cashflow to investors over the next five years, with sources previously suggesting this distribution policy could involve as much as $260m (£200m) being handed over in the form of dividends and a share buyback. Headquartered in Ireland, it also has operations in Albania, France, Morocco, Poland and Spain. A San Leon spokesman declined to comment on Wednesday.
13/12/2016
18:22
mrkeysersoze: whoppy, Gulfsands cannot put out an announcement stating they know no reason as to the recent movement in the share price. They know very well why the share price has moved, as does a small percentage of the market. Mr K.
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.
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