OREANDA-NEWS. February 16, 2016. The Board of Gulfsands notes the statement by Waterford Finance & Investment Limited (“Waterford”), to the effect that Waterford has served notice of requisition of a general meeting of the Company in order to remove the Chief Executive and Commercial Director from the Board, and will comment further in due course.

For further information, please refer to the Company’s website www.gulfsands.com or contact:

Gulfsands Petroleum  +44 (0)20 7024 2130
Andrew West, Chairman
Buchanan  +44 (0)20 7466 5000
Bobby Morse
Ben Romney
RBC Capital Markets  +44 (0)20 7653 4000
Matthew Coakes
Daniel Conti
Jakub Brogowski
FirstEnergy Capital +44(0)20 7448 0200
Majid Shafiq
Jonathan Wright