Drilling Update

Gulfsands Petroleum PLC
28 March 2007

Drilling Update - Khurbet East Well, Syria



London, 28th March, 2007:  Gulfsands Petroleum plc (AIM: GPX), the oil and gas
production, exploration and development company with activities in the U.S.A.,
Syria and Iraq is pleased to provide the following update on the Khurbet East ('
KHE-1') exploration well in Syria Block 26, where Gulfsands is operator and
owner of 50% interest.



The KHE 1 well commenced drilling in mid February and is scheduled to take 100
days to drill and evaluate to a planned total depth of approximately 3,700
metres.



The Khurbet East prospect is a fault-bound structural culmination, with closure
mapped at multiple potential reservoir levels.  The well is located
approximately 12 kilometres southwest of the Souedieh Oil Field and 12
kilometres south of the Roumelan Oil Field.



Currently, drilling is on schedule at a depth of 2450 metres.



Cretaceous Massive Formation



The top of the Cretaceous Massive Formation was encountered at 1,917 metres and
a series of drilling breaks and live oil shows were observed.  The Company
continued drilling to a depth of 2,203 metres and then made a decision to run
intermediate wireline logs as well as wireline pressure testing and fluid
recovery.



Independent wireline log analysis of the Massive interval indicates a gross oil
column of some 31 metres with approximately 22.5 metres of net oil pay. The
wireline pressure measurements also recorded an oil gradient across the
interval.  An oil sample was obtained and had a measured API gravity of 21
degrees at surface conditions.  PVT analyses of the oil samples are currently
being undertaken.



Chilou Formation



Prior to drilling the Massive Formation the Company drilled through the Tertiary
aged Chilou 'B' Formation, which was encountered below 1319 metres.  After
encountering oil shows and drilling breaks that indicated potential reservoirs,
the Company successfully acquired approximately 8.5 meters of whole core from
within the Chilou 'B' Formation.  Routine core analyses, including oil
extractions and porosity and permeability measurements, are underway.  Wireline
logs were also acquired over this reservoir interval but due to the large hole
size required in this early portion of the wellbore it was not feasible to run
pressure tests or fluid recovery.



Independent wireline log analysis of the Chilou intervals indicates some 26.4
metres of net oil pay of which some 19 metres are contiguous in the top of the
Chilou 'B' formation.  These net oil pay figures, the quality and moveability of
the oil will have to be confirmed with later testing.



Following wireline logging, 13 3/8' casing was set over the Chilou intervals to
a depth of approximately 1904 metres and the Company continued drilling ahead to
the Massive Formation as noted above.



The Company has resumed drilling ahead in this well in order to evaluate the
underlying Triassic and Palaeozoic Formations.




Gulfsands' CEO, John Dorrier, said:



'We are encouraged by the results to date in the Massive and Chilou Formations.
We look forward to reaching our deeper objectives in the Triassic and the
Palaeozoic Formations.  However, only after penetrating these further objectives
and reaching target depth will we conduct production testing operations. The
ultimate commerciality of the hydrocarbons encountered at Khurbet East can only
be determined after further work including production testing and appraisal
drilling.'



NB: This release has been approved by Jason Oden, Gulfsands Exploration Manager,
who has a Bachelor of Science degree in Geophysics with 22 years of experience
in petroleum exploration and management and is registered as a Professional
Geophysicist.  Mr. Oden has consented to the inclusion of the material in the
form and context in which it appears.



Certain statements included herein constitute 'forward-looking statements'
within the meaning of applicable securities legislation. These forward-looking
statements are based on certain assumptions 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.



For further information including the Company's recent investor presentation,
please refer to the Company's website http://www.gulfsands.net/ or contact:




Gulfsands Petroleum (Houston)                                + 1-713-626-9564
John Dorrier, Chief Executive Officer
David DeCort, Chief Financial Officer

Gulfsands Petroleum (London)                                 020-7182-4016
Kenneth Judge, Director of Corporate Development             07733-001-002

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

Teather & Greenwood (London)                                 020-7426-9000
James Maxwell (Corporate Finance)
Tanya Clarke (Specialist Sales)




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