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Last 4.75 GBp
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:00 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

gulfsands petroleum plc (GPX) Snapshot

4.75 GBp
Previous Close
4.75 GBp
Day High
4.75 GBp
Day Low
4.75 GBp
52 Week High
09/12/14 - 55.75 GBp
52 Week Low
08/13/15 - 4.50 GBp
Market Cap
Average Volume 10 Days
-0.29 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, engages in the exploration, development, and production of oil and gas primarily in the Middle East, North Africa, and the Republic of Colombia. It has oil and gas exploration projects in Morocco and Tunisia; and two exploration licenses in Colombia. The company was founded in 1997 and is headquartered in London, the United Kingdom.

52 Employees
Last Reported Date: 06/5/15
Founded in 1997

gulfsands petroleum plc (GPX) Top Compensated Officers

Technical Director
Total Annual Compensation: $142.0K
Compensation as of Fiscal Year 2014.

gulfsands petroleum plc (GPX) Key Developments

Gulfsands Petroleum plc Announces Resignation of Alan Cutler as Director of Finance and Administration

Gulfsands Petroleum plc announced that Alan Cutler, the company's Director of Finance and Administration had given notice to resign as an executive director of Gulfsands, Alan has stood down immediately from the Board of Gulfsands. Alan continues to work his notice period under his service agreement as an executive responsible for finance and administration matters. It is expected that Alan will leave the Company at the end of his 6 month notice period.

Gulfsands Petroleum Plc Updates Financing and the Assignment of the USD 20 Million Facility Agreement with Arawak Energy Bermuda Limited

Gulfsands Petroleum Plc to provide the following update with regard to a proposed financing and the assignment of the USD 20 million Facility Agreement with Arawak Energy Bermuda Limited. The company continues to reduce the cost exposure to its exploration assets via a farmout/divestment process and the underlying general and administrative expenses. However, the Company has undertaken to repay the Arawak Loan Facility and requires additional funding to repay creditors and for working capital purposes. The company is preparing to raise up to USD 22 million, the majority of which will be via a placing to institutional investors with a smaller element being an open offer to all shareholders. The company expects to post a circular to shareholders during July 2015 with details of the Fundraising and a notice of an extraordinary meeting to approve the resolutions to facilitate the Fundraising.

Gulfsands Petroleum Seeks To Raise $22 Million

Gulfsands Petroleum plc (AIM:GPX) is seeking to raise up to $22 million through placing of shares to institutional investors. The proceeds will be used to repay debt and for working capital purposes.


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