Gulfsands Petroleum Share News (GPX)
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Gulfsands Petroleum, the oil and gas company with significant interests in Syria, has said it is owed around $25m, half of the sum the firm claims is owed to Sinochem, the contractor and working interest partner of Block 26 in Syria. Last year Gulfsands declared force majeure on Block 26 productio
Read moreOil and gas firm Gulfsands Petroleum has been hit by new EU sanctions in Syria, where the firm operates, which have prevented the group from engaging in activities, including funding activities, connected with its Block 26 fields, until further notice. As a result, the group does not expect to gen
Read moreGulfsands Petroleum, the oil and gas company with significant interests in Syria, has seen its share price drop 10% in morning trading after announcing the impact of new EU sanctions against the Syrian regime. The main issues for Gulfsands are a ban on the supply of equipment and technology to the
Read moreTwo non-executive directors at Hikma Pharmaceuticals have upped their stakes in the Arab world-focused pharmaceutical company. Ronald Goode took 8,000 shares at 633p a time, lifting his stake to 22,700 shares, while Robert Pickering snapped up 7,500 shares at 617p a pop, having previously had none.
Read moreGulfsands Petroleum, the AIM-listed oil and gas firm, revealed that oil has been discovered at its Yousefieh East exploration well (Yous-6) in Syria, but revealed that it had to abandon another well in the country. The firm, which also has activities in Iraq, Tunisia, Italy and the US, said Yous-6
Read moreCautious optimism is about the best one can expect from a business such as Morgan Sindall, so heavily exposed is it to a range of activities in construction. The shares have been trending down since the start of the year and sell on less than eight times' earnings and have the support of a yield app
Read moreAIM-listed oil and gas firm Gulfsands Petroleum has exceeded its daily gross oil production target for 2011 for the Khurbert East Field in Syria. The firm announced on Monday that the Block 26 oil production facility capacity was 24,504 barrels of oil per day (bopd) on 6 August, passing its year-en
Read moreShares in Gulfsands Petroleum fell back after the oil and gas group said recent drilling at the Abu Ghazal exploration well in Syria resulted in the recovery of "sub-commercial" quantities of heavy/viscous oil. "The production test results have been disappointing," said chief executive Ric Malcolm.
Read moreRevenues and profits were up last year at Gulfsands Petroleum, the Middle East and North Africa-focused oil and gas exploration and production company. Revenue in 2010 rose to $115.6m from a $84.2m in 2009. Profit before tax rose to $44.65m from $28.27m the year before. Earnings per share shot up 5
Read moreGulfsands Petroleum has completed testing at its Twaiba-1 exploration well in Syria, but has recovered only very high salinity water from the area where most of the oil is thought to be. "Testing operations are now complete on the Twaiba-1 exploration well, with recovery of only very high salinity
Read moreGulfsands Petroleum's testing operations on the Twaiba-1 exploration well in Syria haven't gone well, with only water recovered so far. Oil and gas was detected in the Massive Formation at 1952 metres, while viscous oil was cut and recovered from the Shiranish Formation at 1872 metres, but nothing
Read moreOil and gas company Gulfsands Petroleum has been encouraged by the results of its Twaiba exploration well in Syrian but the outcome at the Zahraa well have been disappointing. The Twaiba 1 exploration well, in which the company has a 100% interest, has been drilled to a total depth of 2016 metres m
Read moreCRH, the building materials producer that is Ireland's biggest company, spent €367m (£312m) on 17 different purchases in the second half, bringing the year's total to €536m, well ahead of the €450mspent in 2009 and back to pre-crash levels. The group has one of the strongest balance sheets in the
Read moreGulfsands Petroleum is selling three oil and gas producing assets in the Gulf of Mexico as part of the rationalisation of its US portfolio. AIM-quoted Gulfsands will receive $4.2m before any closing adjustments. The interests are in the shallow water shelf of the Gulf of Mexico and are being sold
Read moreOil and gas company Gulfsands said that drilling results on its Khurbet East-18 delineation well in Syria indicate that the prolific central crest area of the Khurbet East field extends in a more northward direction than previously thought. "The extension of the crest of the Khurbet East field to
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