Waterford Increases Stake in Gulfsands

Waterford Finance & Investment Limited disclosed after the close of Monday’s business on the London Stock Exchange it has increased its holding in Gulfsands Petroleum to 12.7%.

This follows an increase to 6.39% on Wednesday, and to 9.27% on Friday.

Waterford is an investment vehicle controlled by Russian investor Michael Kroupeev.

Shares in Gulfsands Petroleum (LSE: GPX) were up 4.5% on Monday.

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