Directors Dealing

RNS Number : 1508D

Gulfsands Petroleum PLC

11 May 2012

 



Immediate Release

11th May, 2012

Gulfsands Petroleum plc ("the Company")

Directors Dealing

London, 11^th May 2012: Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas production, exploration and development company with activities in Syria, Iraq, Tunisia, Italy and the U.S.A., announces a purchase of shares in the Company by Nordman Continental S.A., a company owned by a discretionary trust of which the children of Mr. Mahdi Sajjad, a Director of the Company, are potential beneficiaries.

Nordman Continental SA has on 10^th May, 2012 purchased 30,000 shares in the Company at a price of 111.75 pence per share and notified the Company on the same day.

Following this purchase Mr Sajjad will have an interest in a shareholding of 8,685,268 shares representing 7.37% of the Company's issued share capital and also 1,750,000 options.

For more information please contact:

Gulfsands Petroleum (London)	[phone]
Richard Malcolm, Chief Executive Officer Kenneth Judge, Director: Corporate Development & Communications
Buchanan (London)	[phone]
Bobby Morse Ben Romney
RBC Capital Markets (London)	[phone]
Josh Critchley Tim Chapman Matthew Coakes

 

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