Notification of Major Interests in Shares

Immediate Release  27 November 2009
 
GULFSANDS PETROLEUM PLC ("the Company")
 
Notification of Major Interests in Shares
 
The Company was  notified by Mr  John Dorrier on  27th November  2009
that, following a sale of shares on 25th November 2009, Mr Dorrier is
now  interested  in  4,245,288  shares  representing  3.53%  of   the
Company's issued share capital.
 
For more information please contact:
 
Gulfsands Petroleum (London)                                      +44
(0)20 7434 6060
Richard Malcolm, Chief Executive Officer
Kenneth Judge, Director of Corporate Development     +44 (0)7733 001
002
& Communications
 
Buchanan Communications Limited (London)                +44 (0)20
7466 5000
Bobby Morse
Ben Romney
 
RBC Capital Markets (London)                                    +44
(0)20 7653 4667
Sarah Wharry
 
ABOUT GULFSANDS:
 
Gulfsands is listed on the AIM market of the London Stock Exchange.
 
Syria
 
Gulfsands owns a 50% working interest and is operator of Block 26  in
North East Syria.  The Khurbet East oil field was discovered in  June
2007 and  commenced commercial  production within  13 months  of  the
discovery. This field is producing  at an average production rate  of
approximately  17,000  barrels  of  oil  per  day  through  an  early
production facility.  Block  26  covers  approximately  8,250  square
kilometres and encompasses  existing fields  which currently  produce
over 100,000 barrels of oil per  day, and are operated mainly by  the
Syrian Petroleum Company.  The current exploration license expires in
August 2010 and is extendable  for a further two years.    Gulfsands'
working interest 2P reserves in Syria  at 31 December 2008 were  35.2
mmbbls.
 
Iraq
 
Gulfsands signed a Memorandum of  Understanding in January 2005  with
the Ministry of Oil  in Iraq for the  Maysan Gas Project in  Southern
Iraq, following completion of a feasibility study on the project, and
is negotiating details of a  definitive contract for this  regionally
important development.  The project will gather, process and transmit
natural gas that is  currently a waste  by-product of oil  production
and as a result of the  present practice of gas flaring,  contributes
to significant environmental  damage in the  region.  The Company  is
actively  engaged  in  discussions  with  respect  to  financing  and
potential equity partners.  Gulfsands has no reserves in Iraq.
 
Gulf of Mexico, USA
 
The Company  owns interests  in  44 blocks  comprising  approximately
138,000 gross acres  offshore Texas and  Louisiana, which include  30
producing oil  and  gas  fields  with  proved  and  probable  working
interest reserves at 31 December 2008 of 5.1 mmboe.
 
Certain  statements  included   herein  constitute   "forward-looking
statements" within the meaning of applicable securities  legislation.
These forward-looking  statements are  based on  certain  assumptions
made by  Gulfsands  and  as  such  are  not  a  guarantee  of  future
performance.  Actual  results  could  differ  materially  from  those
expressed or  implied  in  such  forward-looking  statements  due  to
factors such  as general  economic and  market conditions,  increased
costs of production or a decline in oil and gas prices. Gulfsands  is
under  no  obligation  to   update  or  revise  any   forward-looking
statements, whether as a result of new information, future events  or
otherwise, except as required by applicable laws.
 
More  information   can   be   found   on   the   Company's   website
www.gulfsands.com
 
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