With installations in Iraq and Syria, Gulfsands Petroleum was unaffected by the woes of Chariot Oil yet investors have watched the shares steadily diminish all year. Andrew Rose sold a third of his stake at 165p per share in February and despite a director purchase next day, shares are down a third since as bid speculation appears to have diminished for now. The weakness has put Mahdi Sajjad into loss on his last purchase over three years ago when he bought at 128p although he has taken profits since. He invested another £33,000 last Thursday buying at 112p as the company announced plans to begin exploratory drilling in French Guyana.










