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Gulfsands Petroleum plc
Company Name:Gulfsands Petroleum plc Minimum fundraise:£0* High Share Price Bid:£0
Business Sector:Oil & Gas Total Funds Bid to Date:£0 Low Share Price Bid:£0
Auction period:07 Dec 2018 - 07 Mar 2019 Indicative Share Price:0.00 Average Share Price Bid:£0**
*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

Gulfsands Petroleum plc

Market Cap: £19,239,844 Auction period: 07 Dec 2018 - 07 Mar 2019 Indicative price: 0.00

Lowest Offer 3.70p


BUY ORDERS SELL ORDERS

Total Number of Shares Wanted Share Price (p)
-- 3.70
-- 4.05
-- 4.10
-- 4.15
-- 4.20
-- 4.50
-- 5.00
-- 5.60
-- 6.00
-- 6.75
-- 7.00
-- 8.00
-- 9.00
-- 10.00
-- 12.00
   
Share Price (p) Total Number of Shares Offered
3.70 19,800
4.05 39,800
4.10 59,800
4.15 77,800
4.20 147,800
4.50 167,800
5.00 188,800
5.60 202,800
6.00 332,800
6.75 347,800
7.00 389,772
8.00 400,772
9.00 406,772
10.00 411,772
12.00 936,772
   

BUY ORDERS

SELL ORDERS

Total Number of Shares Wanted Share Price (p) Total Number of Shares Offered
-- 3.70 19,800
-- 4.05 39,800
-- 4.10 59,800
-- 4.15 77,800
-- 4.20 147,800
-- 4.50 167,800
-- 5.00 188,800
-- 5.60 202,800
-- 6.00 332,800
-- 6.75 347,800
-- 7.00 389,772
-- 8.00 400,772
-- 9.00 406,772
-- 10.00 411,772
-- 12.00 936,772
     

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Company info

Gulfsands Petroleum plc is an independent oil & gas exploration and production company, incorporated in the United Kingdom, whose shares were previously traded on the Alternative Investment Market (“AIM”) of the London Stock Exchange (symbol: GPX).

The Group’s core asset is a 50% interest in Block 26, a world class reservoir in North East Syria currently under Force Majeure as a result of EU sanctions. The Group also has two active oil and gas exploration licences in Colombia.  It is also in the process of exiting legacy non-core assets in Tunisia and Morocco. (...)

www.gulfsands.com

 

Auction details

Gulfsands Petroleum plc was admitted to trading on Asset Match on 23 April 2018 at a price of 1.50 pence per share.

Auctions are held quarterly and close at 4pm on the first Thursday of the month (unless stated otherwise).

Participants can send orders via their existing broker or directly to The Share Centre. Further details can be found by clicking on the "Auction instructions" section below.

Price history (last 10 auctions)

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Auction instructions

To buy and sell shares in this company via AM Private Market, you will need to use a stockbroker.

  • Using The Share Centre

The Share Centre is the preferred broker and settlement agent for all CREST eligible companies on AM Private Market. The Share Centre offers a competitively priced service for both certificated and non-certificated transactions. For more information on The Share Centre's services or how to place an order please visit their page. If you do not already have an account with The Share Centre, then you can open an account online or by calling 01296 41 41 41.

Alternatively, if you are interested in selling your shares and are unsure what to do next please read our Auction instructions for Sellers with additional FAQs. You can download the 'Selling shares traded on Asset Match' form here.

You can place orders with The Share Centre by calling 01296 41 42 43.

  • Using another stockbroker

If you already have a stockbroker (or an in-house dealing team if you are an institutional investor) then you can place an order by instructing your broker to face The Share Centre. Not all stockbrokers will be able to act on your behalf, and so you should check with them first. You may also incur additional fees.

When buying and selling shares, please note that the Asset Match levy of 3% applies, with a minimum charge of £20 per trade.

The tick size for this company is 0.05 pence per share.

For more information on how the auction works then please click here

Key People

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.

   
James

James Ede-Golightly Non-Executive Chairman

James Ede-Golightly is Chairman of East Balkan Properties plc has extensive experience as a Non-Executive Director on the boards of AIM-quoted companies with international business interests. James was a founder of ORA Capital Partners in 2006, having previously worked as an analyst at Merrill Lynch Investment Managers and Commerzbank. He is a CFA Charterholder and holds an MA in Economics from Cambridge University. In 2012 he was awarded New Chartered Director of the Year by the Institute of Directors. James was appointed a Non-Executive Director of Gulfsands in August 2014.

James holds a 5.0% interest in, and is a Non-Executive Director of ORA, which is a company chaired and majority owned by Richard Griffiths. Mr Griffiths, through other associated entities, is a substantial shareholder in Gulfsands.

   
Joe

Joe Darby Senior Independent Non-Executive 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 Non-Executive Director of Gulfsands in November 2012 and was more recently a Non-Executive Director of Premier Oil and Bowleven Plc.

   
Michael

Michael Kroupeev Non-Executive Director

Mr Kroupeev has 25 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 a natural resources 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 holds a 37.32 per cent. interest in the Company.  He was appointed a Non-Executive Director of Gulfsands in October 2016.

   
Richard

Richard Milne Non-Executive Director

Mr Milne was most recently Group Head of Legal and Commercial Affairs at Petrofac Limited (“Petrofac”), from which he retired in 2015. Mr Milne joined Petrofac in 2004 with responsibility for advising on the legal and commercial aspects of the group’s activities. Mr Milne was heavily involved in Petrofac’s successful admission to listing on The London Stock Exchange in 2005. Prior to joining Petrofac, Mr Milne spent some 15 years in corporate finance after working in the insurance brokerage industry. Mr Milne is a graduate of Oxford University and qualified as a solicitor. He was appointed a Non-Executive Director of Gulfsands in October 2016.