Directors DealingFebruary 3rd, 2012

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 USA, announces a purchase of shares by Andrew West, Chairman of the Company.

Mr West has on 3 February purchased 17,500 shares in the Company at a price of 179 pence per share and notified the Company on the same day.

Following this purchase Mr West will have a shareholding of 140,144 shares and also 1,000,000 options.

For more information please contact:

Gulfsands Petroleum (London)
+44 (0)20 7434 6060
Richard Malcolm, Chief Executive Officer
Kenneth Judge, Director – Corporate Development & Communications

Buchanan (London)
+44 (0)20 7466 5000
Bobby Morse
Ben Romney

RBC Capital Markets (London)
+44 (0)20 7653 4000
Josh Critchley
Tim Chapman
Matthew Coakes