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Gulfsands Petroleum Information
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Don't have an account? Click here to register.Gulfsands Petroleum starts drilling in Morocco
Mon, 28th Oct 2013 08:40
Gulfsands Petroleum has started its drilling programme in Morocco and said it looked forward to seeing the results from the first well later next month. The AIM-listed oil and gas company has begun drilling the Al Krima 1 well within the Rharb Centre Permit in Northern Morocco with the aim of evaluating two Miocene aged reservoirs that have been identified from seismic data as possibly being gas bearing. The well is the first of nine wells that it will drill on these Rharb permits in two drilling programmes. It expects the drilling operations to be completed within 28 days.Gulfsands said the 3D seismic survey over the south-western part of the Rharb permit was nearly finished while another seismic survey on the prospective Fes permit was expected to be completed, weather permitting, early in 2014. The company said it expected to drill at least one well on the Fes permit area in 2014 using the date from this survey. Shares in the company were unchanged at 60.5p at 09:03 on Monday.TB
More News
21 Mar 2018 09:51
Gulfsands Petroleum Shares Drop As It Plans To De-List From AIM
LONDON (Alliance News) - Gulfsands Petroleum PLC shares plunged on Wednesday as the firm said it plans to become a private company, and has secured funding through to 2020 to
Read more16 Feb 2017 08:20
Gulfsands funded to 2018 with new £4m facility
(ShareCast News) - Syria, Tunisia, Colombia and Morocco-focussed oil and gas company Gulfsands Petroleum announced on Thursday that it finalised a secured term facility of up to £4m with its major shareholders. The AIM-traded firm confirmed the lenders as Waterford Finance & Investment, Blake Holdin
Read more15 Feb 2017 16:07
Gulfsands secures extension to Moulay Bouchta agreement
(ShareCast News) - Syria, Tunisia, Colombia and Morocco-focussed oil and gas company Gulfsands Petroleum announced on Wednesday that its subsidiary, Gulfsands Petroleum Morocco, had been awarded an extension to its Moulay Bouchta Petroleum Agreement, together with a revised work programme. The AIM-t
Read more19 Oct 2016 11:33
Gulfsands Petroleum agrees farm-out from Colombian block
(ShareCast News) - Gulfsands Petroleum has agreed a farm-out agreement for one of its two Colombian projects with Canada's Samarium Tennessine. Samarium will take a 70% interest in the Putumayo-14 Exploration and Production of Hydrocarbons project (PUT-14) contract and fund all the exploration and o
Read more16 Aug 2016 10:28
Debt-free Gulfsands Petroleum maintains interest in Syria
(ShareCast News) - Oil and gas explorer Gulfsands Petroleum said it was debt free at the half-year stage, as it maintained its interest in Syria and continued to streamline its operations in a bid to reduce its rate of 'cash-burn'. On 14 January the company was admitted to AIM and over 354m shares w
Read more28 Apr 2016 15:00
3 Apr 2016 16:33
Sunday newspaper round-up: Interest rates, Tata, Premier Foods, G4S, Centrica
(ShareCast News) - The Bank of England will hold interest rates at their current historic low for three more years, according to the market's current predictions. Judging by the overnight deposit rates that banks are charged to hold their cash at the central bank, which indicates market predictions
Read more20 Mar 2016 16:56
Sunday newspaper round-up: Rolls-Royce, Whitbread, Britvic, LSE
(ShareCast News) - Rolls-Royce has put forward detailed proposals to the government to fill some of the UK's power shortage with a fleet of small reactors built around the company's expertise in generating power for Royal Navy submarines. With the escalating costs and timing of the £18bn Hinkley Poi
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