Gulfsands Completes Testing Ops at Syria Well

Gulfsands provided an update on operations in Syria.

Twaiba 1 Exploration Well Testing Operations

Testing operations are now complete at the Twaiba-1 exploration well, with recovery of only very high salinity water from the uppermost 5 meters of the interpreted "Shiranish" pay zone, from 1872-1877 meters Measured Depth. This is the interval where the most significant hydrocarbons shows were detected while drilling and these shows were further corroborated by subsequent coring and wire-line log evaluation.

This well will now be suspended and all the information gathered during the drilling and evaluation operations, in particular the whole core, sample and wire-line log data, will be the subject of extensive analysis to determine the likely source of the very high salinity water that appears to be obstructing the flow of any hydrocarbons to surface and any remedial action that might be taken.