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Does Gulfsands Petroleum plan a cash call?

Tom Winnifrith
Friday 29 March 2013

On 15th February I suggested selling shares in AIM listed oil producer and explorer Gulfsands Petroleum (LSE:GPX) at111.5p. The shares are now 96p. One reason NOT to sell is that Gulfsands is debt free and has net cash but I wonder how much it actually has. A buzz of IR activity of late makes me wonder if there might be a placing ahead.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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