The Board of Gulfsands notes the statement by Waterford Finance & Investment Limited (“Waterford”), to the effect that Waterford has served notice of requisition of a general meeting of the Company in order to remove the Chief Executive and Commercial Director from the Board, and will comment further in due course.
For further information, please refer to the Company’s website www.gulfsands.com or contact:
|Gulfsands Petroleum||+44 (0)20 7024 2130|
|Andrew West, Chairman|
|Buchanan||+44 (0)20 7466 5000|
|RBC Capital Markets||+44 (0)20 7653 4000|
|FirstEnergy Capital||+44(0)20 7448 0200|