Appointment of CFO

  Immediate Release                                                                 8 May 2008   Gulfsands Petroleum plc APPOINTMENT OF ANDREW ROSE AS CHIEF FINANCIAL OFFICER London, 8th. May, 2008: Gulfsands Petroleum plc (AIM: GPX) ("Gulfsands", "the Group" or "the Company"), the oil and gas production, exploration and development company with activities in Syria, Iraq and the USA, is delighted to announce the appointment of Mr. Andrew Rose as Chief Financial Officer and Director.  Andrew Benedict Rose, 51, was the former Chief Financial Officer of Burren Energy ("Burren"), the UK independent oil and gas company which was acquired by ENI S.p.A. ("ENI"), the Italian oil major, for US$3.6 billion in January 2008.  Mr. Rose, who holds a BSc in Engineering from Cambridge University, joined Burren Energy as Chief Financial Officer in 2001, when it was a private company. He was a key Director in developing and building Burren from a small private company, through to its listing on the London Stock Exchange in December 2003 and into one of the UK's most successful mid tier independent oil companies, culminating in its sale to ENI late last year.   Mr. Rose spent the greater part of his early career in investment banking, working in advisory, capital markets and structured finance roles, and prior to joining Burren was head of Corporate Finance for Eastern Europe, Middle East and Africa at Societe Generale.    It is expected that Mr Rose will begin to take up his responsibilities from the beginning of June 2008 and will join the Company on a full-time basis on 1 August.   Mr. Rose has been granted 1,000,000 options to subscribe for ordinary shares in the Company as part of his overall compensation package. The options are all exercisable at 175 pence per share and will vest in three tranches, being 500,000 on the date of his appointment and 250,000 on each of the first and second anniversaries of his appointment.   Further information concerning Mr. Rose as required to be disclosed pursuant to Schedule Two, paragraph (g) (i) to (viii) of the AIM Rules is to be found at the end of this announcement. Gulfsands' Chairman, Andrew West, said: "The appointment of Andrew Rose as CFO and Director marks a milestone in the continued development of Gulfsands into a leading independent oil and gas company.  Andrew brings to us an exceptional track record as a successful oil and gas company CFO and has outstanding credentials in the City of London.  The Board is delighted to welcome Andrew and we very much look forward to working with him". Further information concerning Mr. Rose   Current Directorships   None   Previous directorships in the last 5 years   Burren Energy Plc Burren Energy (Egypt) Ltd Burren Energy (Services) Ltd Burren Energy India Ltd Burren Energy (Yemen) Ltd Burren Energy Drilling Services Ltd Burren Energy (Oman) Ltd Burren Energy New Ventures Ltd Burren Energy (Trinidad) Ltd Burren Energy (652A) Ltd Icarus Investments Ltd (family investment company)   There are no further details for Mr Rose required to be disclosed pursuant to Schedule Two, paragraph (g) (i) to (viii) of the AIM Rules. For more information please contact: Gulfsands Petroleum (London) +44 (0)20-7182-4016 Kenneth Judge, Director of Corporate Development +44 (0)7733-001-002     Buchanan Communications Limited (London) +44 (0)20-7466-5000 Bobby Morse   Nick Melson       RBC Capital Markets (London) +44 (0)20-7653 4804 Andrew K. Smith   Sarah Wharry     ABOUT GULFSANDS:   Gulfsands is listed on AIM.   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 mainly by 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 development with first production targeted for the fourth quarter of 2008.  On 23 August 2007, the Company initiated the first extension period of exploration on Block 26 for a further period of three years.  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.   Gulf of Mexico, USA The Company owns interests in 48 offshore blocks comprising approximately 168,000 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 2007 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 2007 of 3.1 BCFGE (0.5 MMBOE), consisting of 2.8 BCFG and 57,000 barrels of oil.   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.   More information can be found on the Company's website www.gulfsands.net. ---END OF MESSAGE---
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