Directors at the Asia-focused oil group Salamander Energy have spent a combined total of more than £500,000 on shares in the company.
Chairman Charles Jamieson took 75,000 shares at 276.2p a time, while non-executive directors Robert Cathery and Michael Pavia took 100,000 at 272.8p and 10,000 at 271.1p respectively.
Following the purchases, Jamieson now has 734,869 shares, Cathery 400,000 shares and Pavia 30,000.
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Earlier this month, Salamander said it is getting into position for its upcoming drilling programme in Thailand, although one of the drill rigs is currently being held up in Malaysia.
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The MB Century 26 land rig has been mobilised and is still expected to begin drilling the first of two appraisal wells at Dao Ruang onshore gas discovery, Block L15/50, around the middle of this month.
Top Director Buys
Salamander Energy (SMDR) Director name: Mr Robert CatheryAmount purchased: 100,000 @ 272.80p Value: £272,800
Salamander Energy (SMDR) Director name: Mr Charles JamiesonAmount purchased: 75,000 @ 276.20p Value: £207,150
Securities Trust of Scotland (STS) Director name: Mr Michael Neil DonaldsonAmount purchased: 50,000 @ 111.00p Value: £55,500
Salamander Energy (SMDR) Director name: Mr Michael James PaviaAmount purchased: 10,000 @ 271.10p Value: £27,110
@UK (ATUK) Director name: Mr Ronald DuncanAmount purchased: 100,000 @ 11.00p Value: £11,000
Newmark Security PLC (NWT) Director name: Mr Nick MedlamAmount purchased: 780,000 @ 1.38p Value: £10,764
Eckoh (ECK) Director name: Mr Christopher BatterhamAmount purchased: 150,000 @ 6.75p Value: £10,125
Eckoh (ECK) Director name: Mr Nicolas B PhilpotAmount purchased: 150,000 @ 6.75p Value: £10,125
Top Director Sells
