Statement Re: Press Comment

Immediate Release  21 July 2008

Gulfsands Petroleum plc ("The Company")

Statement Re: Press Comment


The directors of  Gulfsands Petroleum plc  note this morning's  press
comment regarding the announcement of oil production.

The Company expects to  be able to update  the market on progress  in
this matter before the end of the week.


Enquiries:


Gulfsands Petroleum                              [phone]
Kenneth Judge, Director of Corporate Development [phone]

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

RBC Capital Markets (London)                     [phone]
Andrew K. Smith
Sarah Wharry

---END OF MESSAGE---