Statement re Tunisia Drilling Update

Immediate Release   20(th) July 2010




                            GULFSANDS PETROLEUM PLC

Tunisia Drilling Update

London, 20(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:

After   successfully  running  the  30'' conductor  casing  and  performing  the
cementing job, the 26" section was drilled as per plan to 927 meters MD.

Whilst there were no drilling related issues, the running of the 20" casing was
delayed because of repair work on the electronic components of the rig power
units. Consequently as of Sunday, July 18 at 1am the rig rate had dropped to
zero USD. As of Monday, 19(th) July, 2 pm the electronic problem was resolved
and the rig is again fully operational. Current operations are conditioning the
hole in preparation to run and cement the 20" casing.

Weekly Operations Forecast:

Forecast operations during the coming week are as follows:
   ·     Run 20'' casing and perform cement job
   ·     Run BOP and riser
   ·     Drill 16'' hole to approximately 1,340 meters MD

Note: The 16'' section is expected to contain the first potentially hydrocarbon
bearing reservoir, i.e. the Miocene Birsa sandstone.

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#1432718]








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Source: Gulfsands Petroleum PLC via Thomson Reuters ONE