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Gulfsands Petroleum plc
Company Name:Gulfsands Petroleum plc Minimum fundraise:£0.00* High Share Price Bid:£0.15
Business Sector:Oil & Gas Total Funds Bid to Date:- Low Share Price Bid:£0.02
Auction period:22 Oct 2025 - 29 Jan 2026 Indicative Share Price:0.00 Average Share Price Bid:£0.06**
Company Details Below
*The company will accept oversubscription.
**In the event of significant oversubscription, shares will be allocated to bids at the average price and above.
NOTE: ASSET MATCH HAS NEGOTIATED AN “ASSET MATCH INVESTOR BONUS” FOR INVESTORS IN THIS TRANSACTION. SEE THE “OVERVIEW” SECTION BELOW FOR DETAILS.

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Gulfsands Petroleum plc

The Fractional Share Auction for Gulfsands Petroleum is now live following approval of the Share Capital Reorganisation at the General Meeting held on 18 December 2025.

You can participate in the auction by completing the Application Form available HERE.

Current Status of the Auction

There are currently 377,117 New Ordinary Shares available for sale in the Fractional Auction.

The auction commenced on 22nd December 2025 and is seeking bids at a price at £1.00 per share or above, in increments of £0.05 (5p) per share.

 Please note: For the purpose of this Fractional Share Auction, no order book will be made visible.

For further information, please contact gulfsands@assetmatch.com.

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Company info

Gulfsands Petroleum plc is an independent, public energy company, incorporated in the United Kingdom focused on growth in the Middle East and North Africa region.

www.gulfsands.com
 

Fractional Entitlements Share Auction (Fractional Auction): This Fractional Auction is a special auction, which includes the sale of New Ordinary Shares of £0.02 each arising from the Share Capital Reorganisation approved at Gulfsands’ General Meeting on 18th December 2025. The most recent Regular Auction closed on 3rd July 2025, trading the equivalent of 6,840 shares at a price of £2 per share.

Auction Process: Shareholders, as well as prospective High Net Worth and Sophisticated Investors, are eligible to participate in the Fractional Auction. Interested parties are required to complete an Application Form, which includes relevant KYC questions and asks the bidder to specify both the number of New Ordinary Shares they wish to purchase and the price per share they are willing to pay.

There is a minimum bid quantity for interested parties of 3,000 New Ordinary Shares, and all bids must be in multiples of 1,000 New Ordinary Shares.

Bids are invited at a price at £1.00 per share or above in increments of £0.05 (5p).

The Fractional Auction is now open and is anticipated to run for approximately 6 weeks, ending at 4:00 p.m. on 29 January 2026.  While the Fractional Auction is in progress the regular quarterly shares auctions have been suspended.

Interested parties can either contact Asset Match with any queries by email at gulfsands@assetmatch.com, or can download an Application Form HERE

Bids will be collated and analysed using the Asset Match algorithms. The clearing price and the allocations to buyers (including the suitability of buyers, if applicable) will be determined by the Company in discussion with Asset Match.

Settlement: Successful bidders will be requested to pay the purchase price by electronic transfer within 3 business days of being notified of settlement instructions at the end of the auction. Shares will be settled in certificated form.

Further Information: Any update on the Fractional Auction process, including any changes to the proposed timetable, will be posted on this page and also on the Company’s Website at www.gulfsands.com .

Investor Protection Notice: Participants should ensure they understand the risks associated with bidding for shares in the Fractional Auction and seek independent advice where necessary.

Gulfsands Petroleum Price history (last 10 auctions)

All figures presented have been restated in accordance with the Share Capital Reorganisation approved on 18 December 2025

Enlarge

 

Gulfsands Petroleum Price history (all auctions)

NB. Data from the 31st December 2019 auction is from a placing administered by Asset Match

All figures presented have been restated in accordance with the Share Capital Reorganisation approved on 18 December 2025

Enlarge

Auction instructions

For details on how to take part in the fractional share auction please read the details provided above. 

A copy of the Application Form can be downloaded HERE

 

 

Key People

Michael

Michael Kroupeev Director

Mr Kroupeev has 28 years’ experience working within the exploration and production sector. After University in Moscow and MBA at London Business School, he began his career working for Dana Petroleum plc as a Director in 1994. In 1995, Mr Kroupeev founded Waterford Finance and Investment Limited (“Waterford”). Waterford is an oil and gas focused vehicle, specialising in the financing of oil, gas and other energy related projects. He has been directly involved in the capital raising for natural resource projects and in acquiring, restructuring, developing and divesting such assets. Waterford has a number of substantial shareholdings in oil and gas companies with operations in Europe, Africa, Australasia and Former Soviet Union countries, and is a substantial shareholder of Gulfsands. He was appointed a Non-Executive Director of Gulfsands in October 2016.
   
John

John Bell Managing Director

John Bell is a Chartered Engineer with over 30 years experience in the energy sector having worked at Vice President or Managing Director level at BP, Statoil AS and Suncor Energy (Syria). He has spent a large part of his career in the Middle East, as well as time in North Africa, FSU, the Americas, the UK North Sea, Scandinavia & the Caribbean. Mr Bell has a First Class Honours Degree in Engineering from Strathclyde University in Scotland and studied Executive Leadership at Haas Business School, University of Berkeley California. Previous public company directorships include Gulf Keystone Petroleum, Tethys Petroleum where he was Executive Chairman. He was appointed as a Non Executive Director of Gulfsands in 2014 and then appointed Managing Director in 2016. Mr Bell was appointed as an independent Non Executive Director of Aminex in November 2017.
   
Andrew

Andrew Morris Finance Director

Mr Morris has extensive international business experience and advises and sits on the boards of companies, ranging from early stage resource companies to emerging technology companies. He was founder of Persistency Capital, where he acted as both investor in, and adviser to, companies across a broad range of sectors and geographies. Previous directorships include Madagascar Oil Limited, Falcon Oil & Gas Ltd, SouthWest Energy Ltd, Kriisa Research Inc. and Direct Petroleum Exploration Inc. as well as Blake Oil and Gas Limited and various related parties. Previously, Mr Morris served as a director of Ernst & Young, where he advised a broad range of organisations on enterprise risk management including corporate governance, management reporting, financial control, operational risk and process improvement. Mr Morris holds a BSc (Hons) degree in Mathematics from Bristol University and is a Fellow of the Institute of Chartered Accountants in England and Wales. Mr Morris joined the Board of Gulfsands in April 2015 and became Finance Director in July 2016.
   
Joe

Joe Darby Director

Joe Darby, has over 40 years of experience in the energy sector, including eight years with Shell Petroleum before becoming managing director of Thomson North Sea Ltd and later the Chief Executive of LASMO plc. He has held non-executive roles at British Nuclear Fuels plc, Mowlem plc, Centurion Energy Inc and Alkane Energy plc. Mr Darby was previously chairman of Mowlem plc (2005) and Faroe Petroleum plc (2003). Mr Darby was appointed a Director of Gulfsands in November 2012 and was more recently a Non-Executive Director of Premier Oil and Bowleven Plc.
   
James

James Ede-Golightly Director

James Ede-Golightly joined Gulfsands as a Director in February 2025. Mr. Ede-Golightly is currently Chairman of Oxehealth Ltd, Oxeco Ltd and ORA Global Ltd. Among other directorships, he is also Non-Executive Director of Sarossa plc. He was a founder of ORA Capital Partners in 2006, having previously worked as an analyst at Merrill Lynch Investment Managers and Commerzbank. Mr. Ede-Golightly is a CFA Charterholder and holds an M.A. degree in economics from Cambridge University. In 2012, he was awarded New Chartered Director of the Year by the Institute of Directors.