what a gulfsands shareholder thinks.

Here's a view from a gulfsands shareholder! GPX at 91pence.

315p Good old times - Aug 2010 - GPX revealed it had received – and rejected – an approach from Oil India and Indian Oil. The bid was at 315p a share.DYOR GLA
III
Vincentinves...
12 Oct


Value of Tunisian Assets Dougga: The TRACS estimated mean total development project value (Net present value at 10% discount rate) assuming 90 US Dollar oil price is in the order of a Billion USD (970 MMUSD). At a 30% stake you could value this at 300 million US$ for GPX at NPV 10.Based on Independent on assessed mean resource of 74 MMboe (196 bcf and 42 MMbbls), I would value this at a minimum of 150 million US$ ( 2 US$ per barrel in the ground ), let say a 50 million US$ assset value for GPX.Your comments are welcomeDYOR GLA


The market does not agree.
Even so, XST sellout looks like a panic move.
Even if the shareholder views above are half right, Gulfsands should have a good look at ADX.
Sounds like it's all BS.