Tag Archives | Gulfsands

New Oil Bidding Round Postponed to Mid-2017

By John Lee. The Ministry of Oil is to postpone a bidding round for 12 small- and medium-sized oil fields, following criticism of the plans by experts including IBN Expert Blogger Ahmed Mousa Jiyad. In a statement, the Ministry’s Petroleum Contracts and Licensing Directorate (PCLD) said: “Following to the previous Ministry of Oil Announcement dated […]

New Oil Development Opportunities in Iraq

By John Lee. Iraq’s Ministry of Oil has requested proposals from international oil companies interestsed in developing a number of small- and medium-sized oil fields. The fields concerned are: Sindebad (Basra governorate); Umm Qasr [Um Qaser] (Basra governorate); Rachi (Basra governorate); Abu Khema (Basra governorate); Kumait (Missan governorate); Noor (Missan governorate); Umara (Missan governorate); Dema […]

Russian Investor Increases Stake in Gulfsands

By John Lee. Russian oil and gas investor Soyuzneftegas Capital has increased its stake in Gulfsands Petroleum, the London-listed energy company that is understood to be negotiating details of a gas capture contract in Missan province. The Russian investor’s stake rises to 7.04 percent. Soyuzneftegas is chaired by former Russian energy minister Yuri Shafranik (pictured), […]

Russian Investor Increases Stake in Gulfsands

By John Lee. Russian oil and gas investor Soyuzneftegas Capital has increased its stake in Gulfsands Petroleum, the London-listed energy company that is understood to be negotiating details of a gas capture contract in Missan province. The Russian investor’s stake rises to 6.72 percent. Soyuzneftegas is chaired by former Russian energy minister Yuri Shafranik (pictured), […]

Gulfsands Petroleum Up on Russian Stakebuilding

Shares in Gulfsands Petroleum (LSE: GPX) were up 6% on the London stock exchange this morning following notification of more stake-building by Waterford Finance & Investment Limited. Even after this morning’s boost, Gulfsands shares now stand at 104.25p, down by 50% since December. Waterford is an investment vehicle controlled by Russian investor Michael Kroupeev, and […]

Gulfsands Falls on Annual Results

Shares in Gulfsands Petroleum, the oil and gas production, exploration and development company with activities in Iraq, were down nearly 10% in early trading before recovering to close down 4.9%, following the announcement of its annual results for the twelve months ended 31 December 2011. HIGHLIGHTS Financial · Profit after tax up by 23% to […]

Tags: ,

Gulfsands Updates Iraq Operations

In its latest corporate update, Gulfsands Petroleum included the following statement on its Iraqi operations: 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 […]

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 […]

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 […]

Another 6 Companies Added to Iraq’s 4th Energy Auction

Reuters reports that Iraq has approved six more energy companies to participate in its 4th energy auction, raising the number of pre-qualified bidders to 46. “We have six companies that were not qualified first, but after reviewing their information, we asked them to submit further documents to support their position. We have decided to qualify […]