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Last 14.88 GBp
Change Today 0.00 / 0.00%
Volume 10.3K
GPX On Other Exchanges
As of 11:35 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

gulfsands petroleum plc (GPX) Snapshot

14.88 GBp
Previous Close
14.88 GBp
Day High
14.88 GBp
Day Low
14.88 GBp
52 Week High
05/27/14 - 71.00 GBp
52 Week Low
05/21/15 - 14.25 GBp
Market Cap
Average Volume 10 Days
-0.10 GBp
Shares Outstanding
Dividend Yield

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gulfsands petroleum plc (GPX) Details

Gulfsands Petroleum plc, an independent oil and gas exploration and production company, is engaged in the exploration, development, and production of oil and gas primarily in the Middle East, North Africa, and the Republic of Colombia. It has exploration projects in Morocco, and onshore and offshore Tunisia; two operated interests in exploration licenses in Colombia; and a non-operated portfolio of producing oil and gas properties in the United States. The company was founded in 1997 and is headquartered in London, the United Kingdom.

Founded in 1997

gulfsands petroleum plc (GPX) Top Compensated Officers

Founder and Executive Director
Total Annual Compensation: $788.0K
Director of Finance & Administration and Exec...
Total Annual Compensation: $97.0K
Compensation as of Fiscal Year 2013.

gulfsands petroleum plc (GPX) Key Developments

Gulfsands Petroleum plc Reports Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Gulfsands Petroleum plc reported unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of $5.366 million compared to $4.367 million a year ago. Operating loss was $11.767 million compared to $25.511 million a year ago. Loss before taxation from continuing activities was $12.113 million compared to $25.382 million a year ago. Loss for the year from continuing activities was $12.113 million or 10.28 pence per basic and diluted share compared to $25.382 million or 21.54 pence per basic and diluted share a year ago. Loss for the period attributable to the owners of the company was $16.091 million compared to $26.757 million a year ago. Basic and diluted loss per share was 13.65 cents compared to 22.70 cents a year ago. Net cash used in operating activities was $1.452 million compared to $7.887 million a year ago. Exploration and evaluation expenditure was $26.987 million compared to $17.302 million a year ago.

Alan Cutler to Resign as Director of Finance and Administration of Gulfsands Petroleum plc

Gulfsands Petroleum plc has received notice from Alan Cutler resigning from his executive role as Director of Finance and Administration. The notice period under Alan's contract is 6 months, during which time his duties will be transferred to other members of staff. It is expected that Alan will leave the company during the third quarter of 2015.

Gulfsands Petroleum plc Appoints Andrew Morris as Non-Executive Director

Gulfsands Petroleum plc announced the appointment of a non-executive director. With effect from April 22, 2015, Andrew Morris has been appointed as Non-executive Director of the company. Mr. Morris has extensive international business experience and sits on the board of other resource companies; he is non-executive Chairman of Madagascar Oil Limited. He was founder of Persistency Capital, where he has acted as both investor in, and adviser to, companies across a broad range of sectors and geographies. Previously, Mr. Morris spent 15 years in the financial services industry including a period with Ernst & Young in London.


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