Tr-1: Notification Of Major Interest In SharesNovember 25th, 2011

For filings with the FSA include the annex 
For filings with issuer exclude the annex 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Gulfsands Petroleum plc

2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights x
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: Waterford Finance & Investment Limited
4. Full name of shareholder(s) (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:

24 November 2011

6. Date on which issuer notified:

24 November 2011

7. Threshold(s) that is/are crossed or reached:

9.27%

8. Notified details:
A: Voting rights attached to shares
Class/type of
shares


if possible using
the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
% of voting rights
Direct Direct Indirect Direct Indirect
  7,544,972 7,544,972 10,942,458 10,942,458 9.27%
GB00B06VGC01
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Expiration
date
Exercise/
Conversion
Period
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial
instrument
Exercise
price
Expiration
date
Exercise/
Conversion
period
Number of voting
rights instrument
refers to
% of voting rights

Nominal

Delta

Total (A+B+C)
Number of voting rights Percentage of voting rights
10,942,458 9.27%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
 
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name: Paul Conway
15. Contact telephone number: 07781 126014