Gulfsands Petroleum acquires new acreage in northern Morocco
London (UPI) Apr 28, 2013 - Gulfsands Petroleum, which has headquarters in London, said Monday it planned to spend $3.5 million to develop newly-acquired acreage in northern Morocco. Gulfsands said it will serve as the operator in the Moulay Bouchta license area alongside a Moroccan state entity. The company said the area is thought to hold significant deposits of oil and gas. Gulfsands said Moulay Bouchta ... more

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