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Gulfsands Petroleum (GPX:AIM) 157p

The company’s focus on Syria is continuing to bear fruit with a drill stem test at its Khurbet East 3 well showing average production rates of 3,420 barrels per day. Its partner in the project, Emerald Energy, saw its share price shoot up by more than 7% in response while Gulfsands’ remained fairly static. In that context the stock may be worth picking up ahead of a reserve report – due at the end of the month. Given that the potential of the Syrian acreage has been assessed at anything up to 100 million barrels, any announcement could lead to a significant re-rating on the share.