Encore Oil boss takes more shares

published 20 June 2011

Encore Oil's chief executive Alan Booth has been rebuilding his stake in the North Sea-focused explorer.He took 200,000 shares at an average price of just over 57.6p a share, paying a total of about £115,000.Following the purchase, he now has 6.65m shares in the firm, which amounts to about 2.27%.Non-executive director Vivien Gibney took a smaller stake, paying 57.5p a time for 13,000 shares. She now has 232,000.Earlier this month Booth reported progress with Encore's drilling campaign and described results so far as "somewhat mixed."He has not always been so keen to add to his stake in the company. In January he sold 1.55m shares at 143p a time. Top Director BuysF&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 250,000 @ 74.14p Value: £185,350Encore Oil (EO.) Director name: Mr Alan BoothAmount purchased: 200,000 @ 57.62p Value: £115,260StatPro Group (SOG) Director name: Mr Carl R BaconAmount purchased: 31,000 @ 92.25p Value: £28,598@UK (ATUK) Director name: Mr David HollowayAmount purchased: 100,000 @ 12.50p Value: £12,500Top Director SellsStatPro Group (SOG) Director name: Mr Carl R BaconAmount sold: 31,000 @ 92.00p Value: £28,520Frenkel Topping Group (FEN) Director name: Mr Richard FraserAmount sold: 75,471 @ 13.50p Value: £10,189