Gulfsands Petroleum PLC Board Appointment (9723K)

TIDMGPX

RNS Number : 9723K

Gulfsands Petroleum PLC

22 April 2015

Gulfsands Petroleum Plc

Board Appointment

22 April, 2015:Gulfsands Petroleum plc ("Gulfsands", the "Group" or the "Company", AIM: GPX), the oil and gas company with activities in Syria, Morocco, Tunisia and Colombia, advises on the appointment of a non-executive director.

With effect from today, Andrew Morris has been appointed as Non-executive Director of the Company. Mr Morris has extensive international business experience and sits on the board of other resource companies; he is non-executive Chairman of Madagascar Oil Limited, an AIM listed company with oil and gas assets situated onshore Madagascar. He was founder of Persistency Capital, a private investment company, where he has acted as both investor in, and adviser to, companies across a broad range of sectors and geographies. Previously, Mr Morris spent 15 years in the financial services industry including a period with Ernst & Young in London. Mr Morris holds a BSc (Hons.) degree in Mathematics and is a Fellow of the Institute of Chartered Accountants in England and Wales.

Mr Morris and his wife together hold interests totalling 3.4% of the ordinary share capital of Swiss Energy Partners AG, the parent company of SEP African Ventures Ltd which holds 4.13% of the ordinary shares outstanding in the Company.

Gulfsands Executive Chairman, Alastair Beardsall, said:

"I am pleased to welcome Andrew Morris to our Board. Andrew's broad experience in the upstream oil and gas industry will be of substantial benefit to the Company."

Further information concerning current and former directorships of Mr Morris is included in the appendix to this announcement. There are no further details for Mr. Morris required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules.

 
Gulfsands Petroleum                                            +44 (0)20 7024 2130 
Alastair Beardsall, Executive Chairman 
 
Buchanan 
 Bobby Morse 
 Ben Romney                                                    +44 (0)20 7466 5000 
 
  RBC Capital Markets                                            +44 (0)20 7653 4000 
Matthew Coakes 
 Daniel Conti 
 Jakub Brogowski 
 
FirstEnergy Capital                                            +44(0)20 7448 0200 
Jonathan Wright 
 
 APPENDIX 
 
  Current Directorships of Mr Andrew James Morris (age: 46) 
 Vokings Advisers Limited 
 Madagascar Oil Limited 
 Blake Oil & Gas Limited 
 Canargo Limited 
 Canargo Samgori Limited 
 Canargo Power Corporation Limited 
 Martkopi Oil Company Limited 
 Nazvrevi Oil Company Limited 
 Ninotsminda Oil Company Limited 
 Kriisa Research Inc 
 
 Past Directorships in the last 5 years of Mr Morris 
 Southwest Energy Limited 
 Falcon Oil & Gas Ltd 
 Direct Petroleum Exploration Inc 
 Persistency Capital LLC 
 Persistency 
 Persistency Private Equity Limited 
 CLMS Management LLC 
 Camomille International Ltd 
 Argonaut Well Services Limited 
 Blake Africa Limited

This information is provided by RNS

The company news service from the London Stock Exchange

END

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