Annual Report & Accounts

Gulfsands Petroleum PLC
28 June 2006



                            Gulfsands Petroleum plc
                         ('Gulfsands' or 'the Company')
                         2005 Annual Report & Accounts
                      Notice of Meeting and Form of Proxy


Gulfsands announces that the Company's 2005 Annual Report & Accounts have been
posted to shareholders, along with a notice of meeting convening an Annual
General Meeting to be held at 11am on 15 August 2006 at the offices of College
Hill, 78 Cannon Street, London EC4N 6HH.

Copies of the accounts and notice of AGM are available from the Company's
website, www.gulfsands.net, and from the Company's registered office at 30
Farringdon Street, London EC4A 4HJ.


Enquiries:
Gulfsands Petroleum (Houston)                                001-713-626-9564
David DeCort, Chief Financial Officer

College Hill (London)                                        020-7457-2020
Nick Elwes
Paddy Blewer


                                                                    28 June 2006


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