Statement re Tunisia Drilling Update

Immediate Release   27(th) July  2010




                            GULFSANDS PETROLEUM PLC

                            Tunisia Drilling Update

London, 27(th) July, 2010:  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., is pleased to announce that ADX Energy Ltd (ASX:ADX the operator of the
Kerkouane Exploration Licence offshore Tunisia (Kerkouane Licence) and the
adjacent Pantelleria Exploration Permit in Southern Italy (G.R15.PU, known as
the Pantelleria Permit) has provided the following information on drilling
operations on the Lambouka-1 well in a news release made earlier today in
Australia.

Activities during past week:

Following  the resolution  of rig  power supply  issues reported in the previous
update (20(th) July 2010) a final wiper trip of 26" hole was conducted, then 20"
casing was run and cemented to a depth of 922m. All rig anchors were
successfully tested to full storm tension compliance.

Following the running of BOPs and the Sub Sea Riser to a 610m water
depth, weather conditions deteriorated and rig operations were suspended.
Waited for weather conditions to improve for approximately 48 hours,
work continued to run BOPs on riser.

Weekly Operations Forecast:

Forecast operations during the coming week are as follows:
<li> Latch BOPs to wellhead and pressure test BOP and connector
<li> Drill 16'' hole to approximately 1,340 meters MD
<li> Run and Cement 13 3/8" casing

Note:  Contrary  to  statements  in  the  earlier operations update (20(th) July
2010) the  operator  expects  that  the  first  potentially  hydrocarbon bearing
reservoir (the Birsa sandstone) will be encountered in the 12-1/4"hole section.
Gulfsands'  is acquiring a  30% participating interest in  the Kerkouane Licence
and Pantelleria Permit. Gulfsands also expects to participate in the drilling of
another  exploration well before the end of 2010 in the onshore Chorbane permit,
to earn a 40% participating interest (see announcement of 18(th) May 2010).

This release has been approved by Richard Malcolm, Chief Executive of Gulfsands
Petroleum Plc who has a Bachelor of Science degree in Geology with 30 years of
experience in petroleum exploration and management. Mr. Malcolm has consented to
the inclusion of the technical information in this release in the form and
context in which it appears.

For more information please contact:

Gulfsands Petroleum (London)                                 [phone]

Richard Malcolm, Chief Executive Officer
Andrew Rose, Chief Financial Officer
Kenneth Judge, Director: Corporate Development &
Communications



Buchanan Communications Limited (London)                     [phone]

Bobby Morse
Ben Romney
Chris McMahon



RBC Capital Markets (London)                                 [phone]

Josh Critchley
Matthew Coakes
Martin Eales


More information on the Company can be found on the Company's website
www.gulfsands.com



[HUG#1434180]








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