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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:£0.00 Low Share Price Bid:£0.02
Auction period:15 Mar 2024 - 13 Jun 2024 Indicative Share Price:3.25 Average Share Price Bid:£0.04**
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.

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Gulfsands Petroleum plc

Gulfsands Petroleum plc

Market Cap: £18,606,113 Auction period: 15 Mar 2024 - 13 Jun 2024 Indicative price: 3.25

Live Started 66 days ago

Current Indicative Price 3.25p

Auction closes in 24 days


BuyersShares Wanted Total Wanted Share Price (p)
2 100,000 100,000 3.25
-- -- -- 7.00
Share Price (p) Total Offered Shares OfferedSellers
3.25 40,489 40,489 1
7.00 240,489 200,000 1



Buyers Shares Total Shares Share Price (p) Total Shares Shares Sellers
2 100,000 100,000 3.25 40,489 40,489 1
-- -- -- 7.00 240,489 200,000 1

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Company info

Gulfsands Petroleum plc is an independent, public energy company, incorporated in the United Kingdom focused on growth in the Middle East and North Africa region.

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 second 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


Price history (all auctions)

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


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 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).

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.