Statement re Notice of Annual General Meeting, ...

Immediate Release   4th May 2010




                            GULFSANDS PETROLEUM PLC

Notice of Annual General Meeting
2009 Annual Report & Accounts
London, 4th May, 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, and  the U.S.A., is pleased to announce
that  notice of the  Company's Annual General  Meeting ("AGM") and the Company's
2009 Annual  Report & Accounts were posted to shareholders on 30th April, 2010.
The  AGM is to be held at the offices of Buchanan Communications, 45 Moorfields,
London, EC2Y 9AE at 11:00am on Thursday 27th May, 2010.

The notice of meeting and the 2009 Annual Report & Accounts are available for
viewing or download from the company's website at www.gulfsands.com.
Registered  Shareholders can obtain  Proxy Forms for  the AGM and  copies of the
Annual  Report from the Company Secretary  at the Company's registered office at
One America Square, Crosswall, London EC3N 2SG.

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
Tim Chapman
Matthew Coakes
Martin Eales

ABOUT GULFSANDS:

Gulfsands is listed on the AIM market of the London Stock Exchange.

Syria

Gulfsands owns a 50% working interest and is operator of Block 26 in North East
Syria.  The Khurbet East oil field was discovered in June 2007 and commenced
commercial production within 13 months of the discovery. The Yousefieh oil field
was discovered in November 2008 and commenced commercial production within 18
months of discovery. The combined gross oil production from both Khurbet East
and Yousefieh fields is now approximately 18,000 barrels of oil per day and
utilizes early production facilities leased from the Syria Petroleum Company.
Block 26 covers approximately 8,250 square kilometres and encompasses existing
fields which currently produce over 100,000 barrels of oil per day, and are
operated mainly by the Syrian Petroleum Company.  The current exploration
licence expires in August 2010 and is extendable for a further two years.
 Gulfsands' working interest 2P reserves in Syria at 31 December 2009 were 46.0
mmbbls.

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, following completion
of a feasibility study on the project, and is negotiating details of a
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. The Company is
actively engaged in discussions with respect to financing and potential equity
partners.  Gulfsands has no reserves in Iraq.

Gulf of Mexico, USA

The Company owns interests in 37 leases offshore Texas and Louisiana which
include 24 producing oil and gas fields with proved and probable working
interest reserves at 31 December 2009 of 4.6 mmboe.

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 websitewww.gulfsands.com

Disclosure Requirements of the Takeover Code (the "Code")

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any
class  of relevant  securities of  an offeree  company or  of any  paper offeror
(being  any  offeror  other  than  an  offeror  in  respect of which it has been
announced  that its offer is, or  is likely to be, solely  in cash) must make an
Opening  Position Disclosure following the commencement of the offer period and,
if  later,  following  the  announcement  in  which  any  paper offeror is first
identified.  An Opening Position Disclosure must contain details of the person's
interests  and short  positions in,  and rights  to subscribe  for, any relevant
securities  of each of (i) the offeree company and (ii) any paper offeror(s). An
Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made
by  no later than 3.30 pm  (London time) on the  10th business day following the
commencement  of the offer period and, if  appropriate, by no later than 3.30 pm
(London  time) on the 10th business day  following the announcement in which any
paper  offeror is  first identified.  Relevant persons  who deal in the relevant
securities  of the offeree company  or of a paper  offeror prior to the deadline
for   making  an  Opening  Position  Disclosure  must  instead  make  a  Dealing
Disclosure.

Under  Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or  more of any  class of relevant  securities of the  offeree company or of any
paper offeror must make a Dealing Disclosure if the person deals in any relevant
securities  of the offeree company or of any paper offeror. A Dealing Disclosure
must  contain details of the dealing concerned and of the person's interests and
short positions in, and rights to subscribe for, any relevant securities of each
of  (i) the offeree company and (ii) any  paper offeror, save to the extent that
these  details have previously been disclosed under Rule 8. A Dealing Disclosure
by  a person to whom  Rule 8.3(b) applies must be  made by no later than 3.30 pm
(London time) on the business day following the date of the relevant dealing.

If  two or more persons act together  pursuant to an agreement or understanding,
whether  formal  or  informal,  to  acquire  or  control an interest in relevant
securities of an offeree company or a paper offeror, they will be deemed to be a
single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by any
offeror and Dealing Disclosures must also be made by the offeree company, by any
offeror  and  by  any  persons  acting  in  concert  with any of them (see Rules
8.1, 8.2 and 8.4).

Details  of  the  offeree  and  offeror  companies  in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made can
be   found   in   the   Disclosure   Table   on  the  Takeover  Panel's  website
atwww.thetakeoverpanel.org.uk,  including  details  of  the  number  of relevant
securities  in issue, when the  offer period commenced and  when any offeror was
first identified. If you are in any doubt as to whether you are required to make
an  Opening Position Disclosure or a  Dealing Disclosure, you should contact the
Panel's Market Surveillance Unit on [phone].



[HUG#1411331]