John Dorrier, CEO of Gulfsands Petroleum, said:
"We have intensive ongoing efforts to restore production from operated facilities. These efforts require minimal repair to facilities before production can be restarted and we expect that production from operated properties will be increased steadily over the next 30 days. In non-operated facilities, we are still gathering information about expected production volumes over the near term and should develop clearer views during the next several weeks. The major impact to the Company will be a reduction in production volumes expected in the 4th quarter of 2005, but an offsetting extension in reserves life."
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