Analyst Technical Presentation Initial Yousefie...

Immediate Release 4th March 2009


                       Gulfsands Petroleum plc

                   Analyst Technical Presentation
          Initial Yousefieh Discovery Oil in Place Estimate

London, 4 March 2009:  Gulfsands Petroleum plc  ('Gulfsands' or the
'Company' - AIM: GPX), the oil and gas production, exploration and
development company with activities in Syria, Iraq, and the U.S.A.,
will host a meeting for analysts today, at the offices of Buchanan
Communications, 45 Moorfields, London EC2Y 9AE at 11.30am.

Senior management will give a presentation on various technical
aspects of the Company's business and assets.  A copy of the
presentation is available on the Company's website www.gulfsands.com.

For the purposes of full disclosure, the presentation will include
new information, which has not been announced previously.  The new
information is as follows:

A         Operating guidance:

Year to 31 December 2008
*         Syria (50% joint venture partner) - Gross daily average
  production of 8,470 bopd over 163 days in 2008 (July to end
  December 2008).  Average sale price during the period at
  US$61/bbl.  Further details of Syrian oil pricing are disclosed on
  page 32 of the presentation.
*         USA - working interest production 1,330 boepd during 2008,
  with average sales price of US$108/bbl and US$9.7/mcf gas.

Forecast for current year to 31 December 2009
*         Syria - Year end gross production of approximately 16,000
  bopd, resulting in full year average gross production of between
  12,500 and 13,000 bopd, with development costs budgeted at US$37m
  gross, and exploration capital expenditure of US$22m gross.  The
  Syrian operations are net cash flow neutral at US$35/bbl Brent,
  inclusive of all capital, operating and head office costs.
*         USA - working interest production of 2,000 boepd with capex
  of US$6m.  The USA assets are net cash flow neutral at $47/bbl WTI,
  and US$5.5/mcf Henry Hub gas.

B         Operational update in Syria

Yousefieh STOIIP

Following the completion of drilling and wire line logging of the
Yousefieh - 2 well in Syria announced on 24 February 2009 and
analyses of these data by RPS, the Yousefieh oil field has
preliminary estimated oil in place of 27.2 - 48.5 - 73.9 MMbbls (P90
-P50 - P10).

Spudding of KHE-8

Gulfsands will commence drilling the KHE-8 appraisal well once on
site inspection of the drilling rig is completed, likely within the
next 24 hours.  The KHE-8 well will take approximately 45 days to
drill and is designed to provide geologic information on the southern
limits of the Khurbet East Field, establish the oil-water contact and
to be available to serve as a disposal well for the water that is
expected to be eventually produced in conjunction with oil production
from the Khurbet East Field.

3D Seismic Programme

A total of 850 km2 of 3D seismic data will now be acquired in the
2009 acquisition programme.

Otherwise, no new operational or financial information will be
disclosed during the presentation.

For more information please contact:


Gulfsands Petroleum (London)                      [phone]
Ric Malcolm, Chief Executive Officer
Kenneth Judge, Director of Corporate Development  [phone]
& Communications

Buchanan Communications Limited (London)          [phone]
Bobby Morse
Ben Romney

RBC Capital Markets (London)                      [phone]
Sarah Wharry


ABOUT GULFSANDS:

Gulfsands is listed on AIM.

Syria

Gulfsands owns a 50% working interest and is operator of Block 26  in
North  East  Syria.   The  Khurbet  East  oil  field  was  discovered
following the completion of drilling of  the KHE-1 well in June  2007
and  commenced  commercial  production   within  13  months  of   the
discovery. This field is currently producing more than 10,000 barrels
of oil per  day through  the Khurbet East  Early Production  Facility
(EPF).  Block  26 covers  approximately 8,250  square kilometres  and
encompasses existing  fields  which currently  produce  over  100,000
barrels of oil per day. These fields are operated mainly by the Syria
Petroleum Company.   On 23  August 2007,  the Company  initiated  the
first extension  period of  exploration  on Block  26 for  a  further
period of three years.

Iraq

Gulfsands signed a Memorandum of  Understanding in January 2005  with
the Ministry of Oil  in Iraq for the  Maysan Gas Project in  Southern
Iraq and following completion of  a feasibility study on the  project
is negotiating  details of  definitive contract  for this  regionally
important development.  The project will gather, process and transmit
natural gas that is  currently a waste  by-product of oil  production
and as a result of the  present practice of gas flaring,  contributes
to significant environmental damage in the region.

Gulf of Mexico, USA

The  Company  owns  interests   in  48  offshore  blocks   comprising
approximately 168,000 gross acres  which includes numerous  producing
oil and  gas fields  offshore  Texas and  Louisiana with  proved  and
probable recoverable reserves net to Gulfsands at 31 December 2007 of
41.5 BCFGE (6.9 MMBOE), consisting of 27.3 BCFG and 2.36 MMBO.

Onshore USA

Gulfsands owns interests in two oil and gas fields onshore Texas, USA
(98.5% working  interest  in  Emily Hawes  Field  and  37.5%  working
interest in  Barb Mag  Field) with  proved and  probable  recoverable
reserves net  to Gulfsands  at 31  December 2007  of 3.1  BCFGE  (0.5
MMBOE), consisting of 2.8 BCFG and 57,000 barrels of oil.

Certain  statements  included   herein  constitute   "forward-looking
statements" within the meaning of applicable securities  legislation.
These forward-looking  statements are  based on  certain  assumptions
made  by Gulfsands  and  as  such  are  not  a  guarantee  of  future
performance.  Actual  results  could  differ  materially  from  those
expressed or  implied  in  such  forward-looking  statements  due  to
factors such  as general  economic and  market conditions,  increased
costs of production or a decline in oil and gas prices. Gulfsands  is
under  no  obligation  to   update  or  revise  any   forward-looking
statements, whether as a result of new information, future events  or
otherwise, except as required by applicable laws.

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