AGM Statement

Immediate Release 23 June 2008
Gulfsands Petroleum PLC
Chairman's AGM Statement

The Company's Annual General Meeting was held this morning.
All Ordinary Resolutions as  set forth in the  Notice Of The  Meeting
dated  28  May  2008  were  duly  passed.  Resolution  7,  a  Special
Resolution, as set forth in the notice of the meeting, was  withdrawn
due to a number of proxy votes against this Resolution.
In his comments to the Meeting  the Chairman took the opportunity  to
welcome the Company's  new Chief Financial  Officer, Mr Andrew  Rose,
who was  present.   The  Chairman  reiterated  that  the  process  of
appointing a new Chief Executive  was at an advanced stage.   Pending
the completion  of the  appointment of  a new  CEO, the  Company  had
re-iterated that it has all requisite technical expertise and support
necessary to maintain its  development and exploration programme  for
all of its assets in Syria, Iraq and the USA.
The Chairman informed the meeting that completion and handover of the
Early Production Facility  for the  Khurbet East Field  in Block  26,
Syria, was  on schedule.   Sufficient development  wells had  already
been completed to enable the Early Production Facility to function at
its planned capacity  of circa  10 000  BOPD.  It  was expected  that
first oil  from Khurbet  East would  thus now  be produced  and  sold
during the third quarter of 2008.  The Company's goal was  thereafter
to bring the field into full production in 2009/2010.
In terms of the exploration  programme in Syria, the Company  intends
to spud  a further  exploration well  in Block  26 during  the  third
quarter.  Gulfsands has  secured a  rig contract for  a drilling  rig
capable of drilling all development and exploration wells planned for
Block 26 over the next two years.
The Chairman drew attention to the recent exploration success in  the
Gulf of Mexico and reiterated that  the Company's assets in the  Gulf
of Mexico  remained  a significant  generator  of cash  flow  and  an
important element of the Company's overall value.
The Chairman concluded his remarks  by looking forward to the  coming
year as one in which substantial cash flow from Syrian production was
expected to transform the Company's financial profile.

For Further Information please contact:

Gulfsands Petroleum plc (London)           [phone]
Kenneth Judge, Director of Development     [phone]
Jon Bey, Investor Relations: North America + 1 866 689 2599
Buchanan Communications Limited (London)   [phone]
Bobby Morse
Nick Melson
RBC Capital Markets (London)               [phone]
Andrew K Smith
Sarah Wharry

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