Gulfsands Petroleum Company News

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Gulfsands Unable to Get Extension for its Fes Agreement Onshore Morocco
Friday, October 16, 2015 Gulfsands Petroleum says it has been unable to achieve a further extension to its Fes Petroleum Agreement onshore Morocco.

Gulfsands Ousts CEO, Names Waterford Nominee as Chairman
Tuesday, April 14, 2015 Gulfsands removes Mahdi Sajjad as chief executive after investor pressure.

Gulfsands Confirms DOB-1 Well as a Gas Discovery
Monday, February 23, 2015 Gas flows at a rate of more than 10 million cubic feet per day at the Douar Ouled Balkhair 1 gas exploration well in northern Morocco.

Gulfsands Completes Testing on Dardara Southeast 1 Well, Morocco
Wednesday, January 28, 2015 Gulfsands completes testing on its Dardara Southeast 1 discovery well on the Rharb Centre Permit, onshore Morocco.

Arawak Terminates MENA Strategic Cooperation Agreement with Gulfsands
Monday, January 26, 2015 Arawak Energy terminates strategic cooperation agreement with Gulfsands Petroleum for the Middle East and North Africa.

Gulfsands Sees Good Result at Moroccan Well
Monday, January 12, 2015 Gulfsands Petroleum says its Dardara Southeast 1 well in northern Morocco flowed at 7.1 million cubic feet of gas per day following its completion.

Gulfsands' Acquisition of Chorbane Interests Approved
Friday, September 05, 2014 Gulfsands Petroleum's acquisition of its minority interests in the Chorbane permit, onshore Tunisia is approved by the country's authorities.

Gulfsands Appoints New Executive Director
Monday, June 30, 2014 Gulfsands Petroleum promotes Ian Conway to its board in the role of Executive Director: Technical and Operations.

Gulfsands Restarts Drilling Operations at Rharb Centre Onshore Morocco
Friday, June 20, 2014 Gulfsands Petroleum restarts drilling operations within its Rharb Centre Permit in northern Morocco.

Gulfsands Awarded 75% of New Moroccan Permit
Monday, April 28, 2014 Gulfsands Petroleum is awarded 75% of the newly-created Moulay Bouchta permit by Morocco's Office National des Hydrocarbures et des Mines.

Gulfsands Appoints Finance Director
Friday, September 13, 2013 Gulfsands appoints former Setanta Energy CFO as its new director of finance.

Arab Strife Pushes Big Prize Oil Search to Morocco, Malta
Friday, August 23, 2013 Middle East turmoil gives a fresh spur to energy companies hunting big finds in Morocco, Malta and Spain.

Gulfsands Appoints New CEO
Thursday, April 11, 2013 Gulfsands Petroleum appoints a new CEO to succeed Ric Malcolm.

Gulfsands Completes Moroccan Acquisition
Thursday, January 17, 2013 Acquisition of Cabre Maroc gives Gulfsands Petroleum significant acreage in a highly-prospective region.

Gulfsands Petroleum Buys Moroccan Licenses from Caithness Petroleum
Wednesday, December 19, 2012 Gulfsands announces the acquisition of Cabre Maroc for an extensive portfolio of highly prospective O&G exploration licenses and gas exploitation concessions covering an area in northern Morocco.

Gulfsands Expands its Interests in Tunisia
Friday, November 23, 2012 Firm raises interest in Chorbane onshore license to 70 percent, while boosting stake in Kerjouane offshore joint venture to 40-percent.

Production Testing Begins at Sidi Dhaher Well in Tunisia
Thursday, May 31, 2012 If the Sidi Dhaher well is a commercial success, Gulfsands Petroleum will take over as operator.

Gulfsands Petroleum Suspends Syria Exploration
Thursday, February 02, 2012 Gulfsands Petroleum said it is suspending exploration activities in Syria, only two days after announcing strong drilling results in the strife-ridden country.

Gulfsands' Syrian Appraisal Well Confirms 19.2 Million Barrels
Tuesday, January 31, 2012 Gulfsands also reported that both its Khurbet East and Yousefieh oil fields performed "extremely well" in 2011.

Gulfsands Anticipates Reduced Production until October-End
Monday, October 17, 2011 It is expected that this reduced level of production will continue until the end of October at the earliest.

Gulfsands Sees Decline in Syria's Production
Thursday, October 06, 2011 During September 2011, Gulfsands Petroleum was instructed by the Syrian Oil Ministry to reduce Block 26 production in line with reduced availability of crude storage capacity within the country.

New Oil Column Identified at Gulfsands' Tunisia Well
Monday, October 03, 2011 A potential oil column has been identified in the Sidi Dhaher-1 well based on formation pressure data, and oil along with drilling mud and mud filtrate has been recovered from the reservoir via wireline sampling methods.

Gulfsands Makes Oil Discovery in Syria
Friday, August 26, 2011 The Yous-6 well encountered oil bearing Cretaceous Massive Formation reservoir at a depth of 2045 meters Measured Depth Below Rotary Table or 1560 meters True Vertical Depth Sub-Sea, 28 meters deep to prognosis, according to Gulfsands.

Gulfsands: Fully Compliant With Syrian Sanctions
Wednesday, August 24, 2011 Gulfsands provided the following information on its activities in Syria.

Gulfsands Flows Rate of 5516 bopd at Khurbet East Well
Monday, August 08, 2011 Gulfsands reported that well KHE-19H achieved an oil flow rate of 5516 bopd under production testing.

Gulfsands Discovers Oil at Syrian Wells
Monday, July 11, 2011 "We are pleased to have encountered high quality, oil bearing reservoirs in both the Yous-7 and KHE-19st wells," said Ric Malcolm.

Gulfsands Encounters Hydrocarbon Columns in Syria
Thursday, June 02, 2011 Potentially significant hydrocarbon columns were encountered within the Triassic aged Butmah and Kurrachine formations, according to Gulfsands.

Gulfsands Completes Testing Ops at Syria Well
Wednesday, February 09, 2011 Testing operations are now complete at the Twaiba-1 exploration well, according to Gulfsands.

Gulfsands Disappointed by Twaiba Drilling
Wednesday, February 02, 2011 "The production testing results at Twaiba at least so far, have been disappointing particularly in light of the substantial oil column that appears to be present," said Ric Malcolm.

Tunisia Govt Grants 3 More Years for Kerkouane Exploration
Tuesday, January 18, 2011 The Government of Tunisia has approved the renewal of the Kerkouane exploration license.

ADX Secures Rig to Drill Tunisia Well
Wednesday, January 12, 2011 ADX has signed a Letter of Intent with Challenger Limited for the use of the Rig 37 onshore drilling unit to drill the planned 2150m Sidi Daher exploration well.

Gulfsands Receives Mixed Signals in Syria
Friday, January 07, 2011 "The results from the Twaiba exploration well are very encouraging...The drilling results at Zahraa are disappointing," said Ric Malcolm.

ADX Rig Selection Approved by Tunisian Authorities
Tuesday, December 07, 2010 ADX Energy Limited announced that ETAP (Enterprise Tunisienne D'Activites Petrolieres) has approved the rig tender evaluation for the drilling of Sidi Daher 1 well on the Chorbane permit as proposed by ADX.

Gulfsands Encounters Oil at Khurbet East Field
Monday, October 25, 2010 Gulfsands provided the following update on the Company's operations at Block 26, Syria, where Gulfsands holds a 50% interest and acts as operator.

Gulfsands Updates Ops at Syria Block 26
Wednesday, October 06, 2010 Gulfsands provided the following update on the Company's operations at Block 26, Syria, where Gulfsands holds a 50% interest and is operator.

Gulfsands Petroleum to Tie-In Yousefieh Field
Thursday, September 09, 2010 Gulfsands provided an update on Block 26, where the drilling of a development well on the Yousefieh field, has recently been completed and awaits tie-in operations.

ADX Drills Ahead Offshore Tunisia
Thursday, August 19, 2010 ADX has reached its secondary target in the Lambouka-1 well and is preparing to drill ahead to the primary target in the Aboid carbonate formation. MWD logs indicate results from the secondary target were water-bearing.

Gulfsands Petroleum Ramps Production in Syria
Monday, July 26, 2010 Gross oil production from the Khurbet East and Yousefieh fields combined has been increased to approximately 20,000 bopd during the month of July.

ADX Commences Drilling Ops Offshore Tunisia
Monday, July 12, 2010 ADX announced the commencement of drilling operations on the Lambouka-1 well on the Lambouka Prospect in the Sicily Channel.

Southern Cross to Spin Bit Offshore Tunisia
Thursday, June 17, 2010 Gulfsands Petroleum announced the commencement of mobilization of the Atwood Southern Cross semi submersible drilling rig to the Lambouka-1 well location on the Kerkouane License.

Gulfsands Increases Farm-In for Tunisian, Italian Exploration
Monday, June 07, 2010 Gulfsands Petroleum has exercised its option to increase from 20% to 30%, the working interest position it is acquiring offshore Tunisia (Kerkouane Permit) and in Southern Italy (Pantelleria License).

Gulfsands Petroleum Inks Farm-in for Tunisian Exploration
Tuesday, May 18, 2010 Gulfsands Petroleum has signed a farm-in agreement to acquire working interest positions in an exploration permit in Tunisia and an adjacent exploration permit in Southern Italy from subsidiaries of AuDAX Resources.

Gulfsands Starts Up Taps at Syrian Block
Monday, May 03, 2010 Gulfsands announced that production of oil commenced at the Yousefieh field, onshore Syria Block 26 on April 24, 2010, 18 months after the drilling of the Yousefieh-1 discovery well.

Gulfsands Moves on from Hanoon-1 in Syria
Thursday, April 22, 2010 Gulfsands Petroleum provided the following update on the Company's operations at Block 26, Syria where Gulfsands holds a 50% interest and acts as operator.

Syria Puts 8 Onshore Blocks on the Table
Monday, April 05, 2010 Syria has invited international oil companies to explore, develop and produce hydrocarbon from eight blocks, the Syrian ministry of petroleum and mineral resources said in an announcement Monday.

Gulfsands Petroleum Touts 57% Revenue Increase in '09
Tuesday, March 30, 2010 Gulfsands Petroleum's revenues for the twelve months ended December 31, 2009 were up by 57% to $84.4 million, compared to revenues of $53.6 million in 2008.

Gulfsands Goes Shopping in North Africa
Monday, March 22, 2010 Gulfsands has reached an agreement to acquire working interest positions in two exploration permits in Tunisia and one exploration permit in Southern Italy.

Gulfsands Updates on Operations at Block 26, Syria
Friday, February 19, 2010 Gulfsands Petroleum has provided an update on operations at Block 26, Syria where Gulfsands holds a 50% interest and serves as operator.

Gulfsands Gets Go-Ahead to Develop Syrian Oil Field
Tuesday, January 26, 2010 Gulfsands has been granted permission to develop the Yousefieh oil field accumulation in Block 26, North East Syria.

Gulfsands Turns on Taps at Khurbet East-13
Thursday, January 21, 2010 Gulfsands has reported on operations at Block 26, Syria, where Gulfsands holds a 50% interest and acts as operator.