Petroceltic duo buy stakes
A round-up of the biggest director buys today so far.
Two directors at Petroceltic International have added to their holdings in the Irish oil company.
Chief executive Brian O'Cathain took 1m shares at 5.2p a time and now has 3.78m, about 0.16% of the company. Finance director Alan McGettigan took 1.12m shares at 5.3p a pop and now has 4.18m.
The share purchases come soon after Petroceltic said it has managed to get more gas flowing out of its AT-8 well on the Ain Tsila discovery in Algeria through a process called fracture stimulation, which creates a crack in the rock that allows trapped gas to escape.
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Top Director Buys
Petroceltic International (PCI)
Director name: Mr Alan McGettigan
Amount purchased: 1,115,968 @ 5.30p
Value: £59,146
Petroceltic International (PCI)
Director name: Mr Brian O'Cathain
Amount purchased: 1,000,000 @ 5.20p
Value: £52,000
Quindell Portfolio (QPP)
Director name: Mr Laurence Moorse
Amount purchased: 911,085 @ 1.70p
Value: £15,488
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