Issue of Equity

11th Jul 2007 17:15

Gulfsands Petroleum PLC11 July 2007 Gulfsands Petroleum PLC ("Gulfsands" or "the Company") Issue of Equity The Board of Gulfsands announces that options have been exercised by a formeremployee of the Company in respect of 75,000 ordinary shares of 5.714p in theCompany ("Ordinary Shares") at an exercise price of 130 pence each. The new Ordinary Shares will rank pari passu with the existing Ordinary Sharesof the Company and have been allotted and issued credited as fully paid. Application has been made for the new Ordinary Shares to be admitted to tradingon AIM and dealings are expected to commence on or around 18 August 2007. Following the issue and allotment of the new ordinary shares the issued sharecapital of the Company will be 103,093,750 Ordinary Shares. Enquiries: Gulfsands Petroleum (Houston) 001-713-626-9564David DeCort, Chief Financial Officer This information is provided by RNS The company news service from the London Stock Exchange

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