Gulfsands Petroleum Share News (GPX)
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Shares in Gulfsands Petroleum slumped 16% to trade at 2195p after the oil and gas producer warned on finances, saying it needs $15m in new capital to fund its planned operational activities over the next 12 months. The company which operates in Syria, Morocco, Tunisia and Colombia, said the need for
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March 20 (Reuters) - Oil and gas company Gulfsands Petroleum Plc said it was in talks with its major shareholders to secure working capital. Gulfsands said it would require about $11 million to settle a loan balance. The company would also need access to about $15 million of new capit
Read more(Corrects Feb. 23 story to show it is third, not second, gas find in Morocco for Gulfsands, adds detail) RABAT, Feb 23 (Reuters) - Gulfsands Petroleum has found gas at its DOB-1 well in Morocco in the Sebou onshore permit, the Office of Hydrocarbons and Mining said in a statement on Monday.
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