Gulfsands Petroleum a Takeover Target?

Shares in Gulfsands Petroleum (LSE: GPX) closed the day up 6% on the London stock exchange following notification of more stake-building by Waterford Finance & Investment Limited.

Following recent incremental increases, Waterford’s latest purchase of shares brings their holding to 14%. Shares in the company have risen by 50% over the past three months, and now stand at 212.25p.

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

Another Russian concern, Soyuzneftegas Capital Limited, reports a 3.39% holding. The Telegraph reports that Yuri Shafranik, the former Russian energy minister, is chairman of Soyuzneftegas and also on the board of Waterford.

One Response to Gulfsands Petroleum a Takeover Target?

  1. […] Gulfsands Petroleum a Takeover Target? […]

Trackbacks/Pingbacks

  1. Resource Rapture: Syria’s Untapped Assets Desired By Allies And Enemies Alike | War On You: Breaking Alternative News - February 16, 2012

    […] Gulfsands Petroleum a Takeover Target? […]