March 20 (Reuters) - Oil and gas company Gulfsands PetroleumPlc said it was in talks with its major shareholders tosecure working capital.
Gulfsands said it would require about $11 million to settlea loan balance.
The company would also need access to about $15 million ofnew capital to fund its currently planned operational activitiesfor the next 12 months. (Reporting by Abhiram Nandakumar in Bengaluru; Editing byGopakumar Warrier)