Exercise of Options

Gulfsands Petroleum PLC
22 April 2005


                             GULFSANDS PETROLEUM PLC
                                ('the Company')

                              Exercise of Options

The Company announces that, prior to their expiry on 25 May 2005, Nordman
Continental SA ('Nordman') has exercised options over 437,500 ordinary shares in
the Company at an exercise price of US$0.197 per share. The resulting shares are
subject to the lock-in deed dated 4 April 2005 whereby Nordman has undertaken
to hold its interest in such shares at least until 8 April 2006, except in
certain limited circumstances.

Following the exercise of the options, Nordman now owns 6,744,375 ordinary
shares, representing 7.27% of the enlarged issued share capital of the Company.

Application has been made for the new ordinary shares to be admitted to trading
on AIM and admission is expect to occur on 26 April 2005.




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