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Gulfsands

April 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Gulfsands has announced an updated independent review of its US properties, which concluded that it had proved and probable reserves of 5.4m barrels of oil equivalent (61% gas and 39% oil) as of 1 January 2006. Adjusting for last year’s break-up of Northstar Gulfsands, this represents a 6% improvement since mid-2005. Meanwhile, the review also estimated that the pre-tax net present value of these reserves is US$193m, of which US$183m comes from the Gulf of Mexico and the remainder from a smaller American subsidiary, Darcy Energy. This is encouraging, although the greater excitement will come from its interests in Syria, the climax being the August drilling of its high impact Tigris structure, which is est ...

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Gulfsands - 17% growth in 2P reserves (May 2011)

Gulfsands - Over-reaction to dry well (March 2011)

Gulfsands (February 2011)

Gulfsands - Syrian oil discovery significantly larger than first thought (January 2011)

Gulfsands - Syrian oil producer on prospective PE for 2012 of just 4.1 (August 2010)

Gulfsands - Bidders likely to return with knockout offer above Â£4 a share (June 2010)

Gulfsands (March 2007)

Gulfsands (November 2006)

Gulfsands (July 2006)

Gulfsands - Syrian assets could yield huge oil & gas discoveries this year (March 2006)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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