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Staffan de Mistura - ' the train is ready, it's in the Station, it's warming up it's engine, it just needs an accelerator '. Chief Opposition Negotiator- Nasr Al - Harini said ' Although we are closing this round without clear results - I can say this time was more positive. it was the first time we discussed in acceptable depth the future of Syria and the political transition in Syria.'
Shujja is right this is a long term investment. Syria and ultimately GPX is not going to recover over night but they may double or triple in the meantime. Buy and forget and don't worry about price variations at 5p with the current volume they would have a MC of 25 million, but remember when Syria was producing GPX was an approaching $1 billion dollar company with a new discovery just before sanctions. Even if recovered to half of that the shares would be £1 each, full recovery £2 plus more development of the prolific block 26 skys the limit. See the current falling as a buying opportunity! (Former Insider!)
I bought at 3p and all the way up to 11p still holding its some thing you buy and forget about that's what I have done so if you looking at the price every day it's the wrong stock for you things will get batter in Syria but it all takes time
P.S any advice from the longer term holders is more than welcome. You obviously understand this one much more than me and I imagine you guys follow news on the Syrian conflict regularly (unlike me).
Just read through some more RNS's. Its a real shame what has gone on here. I imagine by the time the sanctions are lifted, the company will have far to many shares in issue for those buying in now! Will continue to monitor the share though because it has major potential if the BOD are careful with the cash and no further shares are issued.
When Eu sanctions are lifted (and its a big when), these guys will be back to producing 12,500 net bopd in Syria? with already further identified reservoirs within the block 26
A big seller sold now one third so should rise
Very surprised that this has started heading now. Felt that sentiment was turning in its favour.
Women liberated from Isis in Syria take off face veils and burn them Villagers were freed by Syrian Democratic Forces who, unlike other opposition groups, do not enforce religious dress Lucy Pasha-Robinson Thursday 23 February 2017 Syrian women liberated from Isis control have been filmed burning their veils as they reclaim their freedom. Footage released by local media showed a group of jubilant women removing their face veils and stamping on them before setting fire to the fabric with a lighter and smoking cigarettes in celebration. The women had been liberated from an area around Deir Ezzor in eastern Syria by Syrian Democratic Forces (SDF) with support from the Kurdish People's Protection Units (YPG), who are leading an ongoing offensive in the province.
Good news and explains today's rise.
Baku, Azerbaijan, Feb. 23 By Orkhan Quluzade – Trend: Turkish Army and Free Syrian Army (FSA) have taken full control of downtown al-Bab from the “Islamic State” (IS aka Daesh) terrorists, General Staff of Turkey said on Feb. 23. On Aug. 24, 2016, the Turkish Armed Force launched an operation to liberate the city of Jarabulus from the IS militants in northern Syria, near Aleppo. The operation was dubbed the Euphrates Shield. Syria has been suffering from an armed conflict since March 2011, which, according to the UN, has so far claimed over 500,000 lives. Militants from various armed groups are confronting the Syrian government troops. The IS, YPG and PYD are the most active terrorist groups in Syria.
I need to add I was expecting a placing until sanctions are lifted as to get our 100m that's owed to us.... hence why I think the majority holders are helping the company out on minimum interest...
As soon as the cease fire started then all the talks arranged this is a no brainier I am fully loaded up now and will keep adding when funds are available. Major holders putting money up they know !!!!! sit tight look at the price before the trouble 6 years ago...
I see two good RNS in the last two days with Geneva meeting on Monday should see fire works next week
It looks like the major share holders have put the money up rather than a placing, as that would effect their holdings especially at these low levels. Very clever move and better for us long term.. well done BOD..
Called it! "Unless of course they just take a loan from Waterford"! Fantastic news no more dilution!
Good news. Funding secured.
Last two days all buys are showing as sells
15 February 2017 Moulay Bouchta Extension Confirmed Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company" - AIM: GPX), the oil and gas company with activities in Syria, Tunisia, Colombia and Morocco, today announces that its subsidiary, Gulfsands Petroleum Morocco Limited ("GPML"), has been awarded an extension to its Moulay Bouchta Petroleum Agreement ("Moulay Bouchta") together with a revised work programme. As previously disclosed in the Group's Interim Report, an agreement had been reached with Office National des Hydrocarbures et des Mines ("ONHYM"), subject to the usual government approvals and certain conditions precedent, to extend the duration of the Initial Phase of the Exploration Period of Moulay Bouchta ("Initial Phase"), from two years to three years. On 8 November 2016 the Group reported that all conditions precedent had been satisfied, and it was awaiting formal approval of the extension from the Moroccan Authorities. The Group confirms that all approvals have now been received, such that the extension has become effective. As a result, the Initial Phase will now run to 19 June 2017 (previously 19 June 2016) with a revised work programme for the extended Initial Phase consisting of: · acquisition of 200 km 2D line seismic; · reprocessing and interpretation of selected legacy 2D seismic data; and · legacy field study with the aim to identify any potential for re-activation. Consequently, the estimated cost of the work programme as specified in the amendment to the Petroleum Agreement has been reduced from $3.5million to $2.5million. GPML will immediately seek to begin the Environmental Impact Study in anticipation of commencing the seismic acquisition. The Company is already in discussions with ONHYM, to secure a further extension to allow additional time to complete the revised work programme. The work programme focusses on an oil prospective area identified to the east of the depleted Haricha oil field. Based on work performed to date, GPML has identified new lead concepts with gross recoverable Prospective Resources internally estimated at 149 mmbo. This estimate has not been subject to external audit. The Group continues to be interested in identifying a farm-in partner for the Moulay Bouchta permit and any parties interested are invited to contact the Group directly.