Bankers chairman pockets £2.75m

The chairman and co-founder of Bankers Petroleum, Robert Cross, has sold half a million shares in the company for a whopping £2.75m.

The Canada-based oil and gas group reported Monday that Cross sold 500,000 common shares for 549.69p each on 14 April.

Last month, Bankers reported a 97% surge in oil revenues in 2010 to $170.4m, from $86.6m previously, while net operating income climbed 158% from $31.5m to $81.1m.

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"In 2010, Bankers was successful in progressing its strategic objectives and achieved record production, reserves, earnings and cash flow through its largest annual capital investment in Albania, of $122m," the statement said.

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Top Director Sells

Bankers Petroleum Ltd. (BNK) Director name: Mr Robert M D CrossAmount sold: 500,000 @ 549.69p Value: £2,748,450

G4S (GFS) Director name: Mr Grahame GibsonAmount sold: 100,000 @ 274.90p Value: £274,900

Bankers Petroleum Ltd. (BNK) Director name: Mr Eric M BrownAmount sold: 30,000 @ 549.33p Value: £164,799