Operational Update

Gulfsands Petroleum PLC
05 November 2007


3D seismic programme commences over Khurbet East Field

Updated Khurbet East and corporate presentation on website


London, 5th November, 2007: Gulfsands Petroleum plc ('Gulfsands', the 'Group' or
the 'Company' - AIM: GPX), the oil and gas production, exploration and
development company with activities in the U.S.A., Syria and Iraq is pleased to
announce that the Company has commenced with the 3D seismic programmes over the
Khurbet East Field as well as an exploration area to the south of the field.

3D Seismic

The Company has commenced the following 3D seismic acquisition programmes in
Block 26.

Approximately 160 square kilometres of 3D seismic data is being acquired over
the Khurbet East Field which will:

  • Assist in defining the limits of the Khurbet East Field,
  • Allow for optimization of development well locations, and
  • Provide additional data over leads immediately adjacent to the Khurbet
    East Field that have been identified on existing 2D seismic data.

An additional 240 square kilometres of 3D seismic data to the south of Khurbet
East is also being acquired. This data will evaluate previously identified
exploration leads for developing 'drill ready' targets south of Khurbet East and
within the Khurbet East 'play fairway'.

The seismic acquisition programmes are expected to be completed in January 2008
with processing and interpretation following during the first half of 2008.



Website Presentation

Gulfsands has prepared a brief presentation on the Khurbet East Field which can
be viewed on the Company's website at www.gulfsands.net. This presentation
includes drilling and logging results to date for both the KHE-1 and KHE-2
wells, the forward programme for the Field including expected timing of first
oil production, and an analysis of oil revenue distribution under the Block 26
Contract for the Exploration, Development and Production of Petroleum.
Additionally, on the Company's website there is an updated corporate
presentation available for viewing.



Gulfsands' CEO, John Dorrier, said:

'The 3D seismic surveys at Khurbet East and adjacent areas will provide key
information for accelerated development of the field, and provide additional
exploration targets for near-term drilling. The Company anticipates moving
forward aggressively with Khurbet East development activities in 2008 with the
intention of achieving first production there in the second half of the year.
The Company also plans to continue its exploration of Block 26 by drilling new
exploration prospects during 2008.'




ABOUT GULFSANDS:

Gulf of Mexico, USA

The Company owns interests in 54 offshore blocks comprising approximately
193,000 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 2006 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 2006 of 3.1 BCFGE (0.5 MMBOE), consisting of 2.8 BCFG and 57,000
barrels of oil.

Syria

Gulfsands owns a 50% working interest and is operator of Block 26 in North East
Syria. 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 by third parties including the Syria Petroleum
Company. In the first half of 2007 Gulfsands announced an oil and gas discovery
on Block 26 called Khurbet East. This discovery is currently under appraisal.
The Company initiated the first extension period of exploration on Block 26 for
a further period of three years commencing on 23 August 2007. The Company has
also formed a strategic partnership with Cham Holding for acquiring oil and gas
projects in Syria and Iraq.

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.

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.

For further information, please refer to the Company's website www.gulfsands.net
or contact:




Enquires


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
Simon Whitehead

Landsbanki Securities (UK) Limited (London)                  020-7426-9000
Jeff Keating / Tom Hulme (Corporate Finance)






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