On 28 October 2011, Gulfsands Petroleum plc purchased 24,000 of its own ordinary shares of 5.1742865 pence each at an average price of 194.59 pence per share, which will be held as treasury shares.
Following the repurchase, the Company has a total of 121,989,500 ordinary shares in issue, of which 3,666,181 are held as treasury shares.
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