Gulfsands Petroleum provides the following update on activities underway in Morocco.

Rharb Drilling Programme

The first phase of drilling operations on the Company's Rharb Centre Permit, comprising the drilling of four commitment shallow gas exploration wells, commenced on the 23rd October 2013, using the recently imported COFOR SAS Cabot 750 drilling rig.

These exploration wells are part of a nine well commitment inherited with the acquisition of Cabre Maroc Limited in January of this year. This first phase of exploration wells have been designed to test distinct Miocene-aged sandstone reservoirs located at depths between 750 and 1600 metres vertical depth below ground level. These exploration targets have been identified from limited legacy 2D seismic data.

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