Enquest chief exec opens wallet

Enquest chief executive Amjad Bseisu has splashed out more than £1.2m on shares in the FTSE 250-listed UK-focused oil and gas group.

Double A , a trust in which his extended family has a beneficial interest, took 921,598 shares at 131.95p each. It now has more than 43m shares, more than 5% of the company. Additionally, Alima Trust, another trust in which the Bseisu family has an interest, has more than 9m shares.

Bseisu stood down from the board of oil services group Petrofac last year to form EnQuest.#

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Enquest said earlier this month that it is on track to meet production targets for the year after reporting a sharp rise in output in the first four months of 2011.

Top Director Buys

EnQuest (ENQ) Director name: Mr Amjad BseisuAmount purchased: 921,598 @ 131.95p Value: £1,216,049

F&C Asset Management (FCAM) Director name: Mr Edward BramsonAmount purchased: 70,000 @ 78.41p Value: £54,887

Cable & Wireless Communications (CWC) Director name: Mr William Anthony RiceAmount purchased: 100,000 @ 44.93p Value: £44,930

Cable & Wireless Communications (CWC) Director name: Mr William Anthony RiceAmount purchased: 100,000 @ 44.73p Value: £44,730

Top Director Sells

Babcock International Group (BAB) Director name: Mr William (Bill) TameAmount sold: 25,503 @ 685.06p Value: £174,711

Babcock International Group (BAB) Director name: Mr Archie BethelAmount sold: 17,625 @ 685.06p Value: £120,742