Gulfsands Petroleum plc

Company Name:Gulfsands Petroleum plc Minimum fundraise:£0.00* High Share Price Bid:£0.07

Business Sector:Oil & Gas Total Funds Bid to Date:- Low Share Price Bid:£0.03

Auction period:09 Jul 2021 - 14 Oct 2021 Indicative Share Price:0.00 Average Share Price Bid:£0.05**

*The company will accept oversubscription.

**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.

NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

PLACE MY BID

Bid Name

Select how your name appears (Tick one of the boxes to select):

Openly

Confidentially

Make Bid

Enter your bid for shares:

Number of shares bidding for

(Enter total in numbers, i.e. 100000 or 500000 or 1000000, etc)

Bid price for share (US$)

(Enter total in numbers with two decimal points, i.e. 1.50 or 2.00, etc)

Total funds bid (US$)

(Please note, the minimum funds bid is US$ 10,000)

CONFIRMATION:

I confirm that:

I am a sophisticated or licenced investor according to this definition. I am legally entitled to place this bid. I am not contravening any laws of my country by placing this bid. I indemnify Asset Match, Webtel.mobi (Holdings) Limited and all of their officers and members or persons associated with them or with this process in the event that either of these aforementioned confirmations are not correct. I understand that I may amend this bid at any time. I understand that this bid is not a formal and binding commitment at this time but rather an expression of interest and intent, and that only at the end of the bidding process when the final share price is established will I be contacted to confirm my interest to proceed, and to thereafter make a formal application to purchase shares, and that only once I have elected to make – and have made, and signed, at my own discretion – a formal application to purchase shares will my expression of interest and intent become a formal and binding commitment. I confirm that I understand that Asset match may contact me to confirm the veracity of my bid, my bona finds and my intentions, and my bona fides, if I submit a bid that is clearly contrary to the indicative level of bids on the platform or contrary to the generally perceived value of the shares. By ticking this box I indicate confirmation that I have read, understand, agree with and confirm all of the aspects covered in this “Confirmation” paragraph:

Need help?
+44 (0) 207 248 2788

back

Gulfsands Petroleum plc

The next auction will close at 4pm on 14th October 2021. An order book will appear once orders have been received.

In the auction that closed on 8th July 2021, 86,438 shares traded at 4.5 pence per share.

Please direct enquiries to dealing@assetmatch.com or Tel: 020 7248 2788

Interested in Gulfsands Petroleum plc?
Register or log in to participate, create a watchlist, or set reminder

Company info

Gulfsands Petroleum plc is an independent oil & gas exploration and production company, incorporated in the United Kingdom.

The Group’s focus is the Middle East region and its core asset is its interest in Block 26, a world class resource in North East Syria, which is currently under Force Majeure as a result of EU sanctions.

www.gulfsands.com

Auction details

Gulfsands Petroleum plc was admitted to trading on Asset Match on 23 April 2018 at a price of 1.50 pence per share.

Auctions are held quarterly and close at 4pm on the first Thursday of the month (unless stated otherwise).

The tick size for this company is 0.25 pence per share.

Participants can send orders via their existing broker or directly to shareDeal active. Further details can be found by clicking on the "Auction instructions" section below.

Price history (last 10 auctions)

NB. Data from the 31st December 2019 auction is from a placing administered by Asset Match

Enlarge

Auction instructions

To buy and sell shares in this company via Asset Match Private Market, you will need to use a stockbroker.

- shareDeal active

If you are a UK resident, our main broker and settlement agent for all CREST eligible companies on the AM Private Market is shareDeal active.

shareDeal active provide a competitively priced service for both certified and non-certified transactions. You can open an account online or by post using the form provided.

Alternatively, if you already have an account with shareDeal active and wish to place an order please contact the Dealing desk directly on 01892 510515 or deal online.

To sell a share certificate, the easiest way to trade is to set up a shareDeal active account online and once open post your share certificate with a completed CREST transfer form. Alternatively, you can open an account by post using the Asset Match Certificated Sale Pack which includes everything you will need.

It generally takes 5-7 days for your account to be open and shares available for trading.

- Already have a stockbroker

Over 60 UK brokers regularly trade and are set up to deal on our platform. These brokers can submit your instructions to shareDeal active on your behalf*.

Please note that not all brokers are able to deal in unquoted shares so contact us to confirm whether your broker is able to trade.

- Overseas

If you are based overseas and are interested in participating then please contact us directly by emailing dealing@assetmatch.com or by calling 020 7248 2788.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade (*additional fees may apply).

A comprehensive list of brokers who are set up to deal on the Asset Match platform can be found here.

For more information on how the auction works then please click here.

Key People

John Bell Managing Director

John Bell is a Chartered Engineer with over 30 years experience in the energy sector having worked at Vice President or Managing Director level at BP, Statoil AS and Suncor Energy (Syria).

He has spent a large part of his career in the Middle East, as well as time in North Africa, FSU, the Americas, the UK North Sea, Scandinavia & the Caribbean. Mr Bell has a First Class Honours Degree in Engineering from Strathclyde University in Scotland and studied Executive Leadership at Haas Business School, University of Berkeley California. Previous public company directorships include Gulf Keystone Petroleum, Tethys Petroleum where he was Executive Chairman. He was appointed as a Non Executive Director of Gulfsands in 2014 and then appointed Managing Director in 2016.

Mr Bell was appointed as an independent Non Executive Director of Aminex in November 2017.

Andrew Morris Finance Director

Mr Morris has extensive international business experience and advises and sits on the boards of companies, ranging from early stage resource companies to emerging technology companies. He was founder of Persistency Capital, where he acted as both investor in, and adviser to, companies across a broad range of sectors and geographies. Previous directorships include Madagascar Oil Limited, Falcon Oil & Gas Ltd, SouthWest Energy Ltd, Kriisa Research Inc. and Direct Petroleum Exploration Inc. as well as Blake Oil and Gas Limited and various related parties. Previously, Mr Morris served as a director of Ernst & Young, where he advised a broad range of organisations on enterprise risk management including corporate governance, management reporting, financial control, operational risk and process improvement. Mr Morris holds a BSc (Hons) degree in Mathematics from Bristol University and is a Fellow of the Institute of Chartered Accountants in England and Wales. Mr Morris joined the Board of Gulfsands in April 2015 and became Finance Director in July 2016.

Joe Darby Senior Independent Non-Executive Director

Joe Darby, has over 40 years of experience in the energy sector, including eight years with Shell Petroleum before becoming managing director of Thomson North Sea Ltd and later the Chief Executive of LASMO plc.

He has held non-executive roles at British Nuclear Fuels plc, Mowlem plc, Centurion Energy Inc and Alkane Energy plc. Mr Darby was previously chairman of Mowlem plc (2005) and Faroe Petroleum plc (2003). Mr Darby was appointed a Non-Executive Director of Gulfsands in November 2012 and was more recently a Non-Executive Director of Premier Oil and Bowleven Plc.

Michael Kroupeev Non-Executive Director

Mr Kroupeev has 25 years’ experience working within the exploration and production sector. After University in Moscow and MBA at London Business School, he began his career working for Dana Petroleum plc as a Director in 1994. In 1995, Mr Kroupeev founded Waterford Finance and Investment Limited (“Waterford”). Waterford is a natural resources focused vehicle, specialising in the financing of oil, gas and other energy related projects.

He has been directly involved in the capital raising for natural resource projects and in acquiring, restructuring, developing and divesting such assets. Waterford has a number of substantial shareholdings in oil and gas companies with operations in Europe, Africa, Australasia and Former Soviet Union countries, and holds a 37.32 per cent. interest in the Company. He was appointed a Non-Executive Director of Gulfsands in October 2016.

Gulfsands Petroleum plc

Investments in private company shares are high risk and illiquid. Asset Match is targeted exclusively at investors who are sufficiently sophisticated to understand these risks. Please click here to read the full Risk Warning.