• Paul MatysekAdvisory Board Member

    Mr. Matysek is a professional geoscientist with more than 25 years international experience. He is a recognized entrepreneur, specializing in developing resource-based companies from conception to production, and has held or holds senior management and/or director positions with several natural resource exploration and development companies.

    Mr. Matysek is the former CEO and founder of Lithium One Inc. Under Mr. Matysek's stewardship, Lithium One developed a leading lithium brine resource in Argentina until recently acquired by Galaxy Resources Ltd. (July 2012). Previously, Mr. Matysek was the co-founder, CEO and president of Energy Metals Corp. (2005 - August 2007), a pure uranium mining and development company, until acquired by Uranium One Inc. in a billion-dollar-plus transaction. Mr. Matysek was also the president and CEO of Potash One Inc., a Saskatchewan-based potash exploration company (Nov 2007 - Mar 2011), until acquired by K+S Aktiengesellschaft for $450-million in an all-cash deal. Mr. Matysek is currently a director of Nevada Copper Corp., Aurcana Corp. and a number of other natural resource companies.


  • Gulfsands Petroleum plc

    Rift Basin Resources and Gulfsands Petroleum plc entered into a Strategic Alliance on November 23, 2012 to facilitate the pursuit and acquisition of petroleum projects in Tunisia and elsewhere in the Middle East and North Africa region for mutual benefit.

    Gulfsands brings a strong debt-free balance sheet, an experienced technical team, and established operator status. It is focused on organic growth within the MENA region and consolidation of Tunisian operations.

    It is the intention of the parties that Gulfsands will act as the operator of any Project acquired under the Strategic Alliance and that Rift Basin’s and Gulfsands’ participating interests in any Project will be 30% and 70% respectively. Under the terms of the Strategic Alliance each party will have the right, but not the obligation, to submit any Project to the other party for consideration and a joint cooperation committee has been established to facilitate the cooperative review process between the parties.

    Gulfsands is an independent oil and gas exploration and production company, whose shares are traded on the London Stock Exchange (AIM:GPX). Gulfsands’ major focus is on high impact projects in the Middle East and North Africa, where it has oil exploration, production and development projects in the Syrian Arab Republic (activities currently suspended in compliance with EU sanctions), and oil exploration projects in Tunisia. Gulfsands also produces oil & gas from a portfolio of properties in the USA, offshore Gulf of Mexico. Gulfsands' vision is to become one of the pre-eminent independent exploration and production companies in the Middle East and North Africa and a preferred operator and partner.


Publicly traded shell undergoing change of business into Oil & Gas mostly in North Africa & West Africa, and the Middle East. North Africa is awash in petroleum reserves, particularly in Libya, Algeria, Egypt, and Tunisia.

Nigeria is the biggest petroleum producer in West Africa, but Cameroon, Gabon, and the Congo also contain oil reserves.


Management is currently reviewing several projects in Africa and Middle East and will keep our shareholders up to date on any material developments.