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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
-
Christmas at Chatsworth: review of The Cavendish Hotel at BaslowMoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
-
Tycoon Truong My Lan on death row over world’s biggest bank fraudProperty tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
