Hardy Oil & Gas non-exec Ian Bruce has invested £120,000 in the India-focused oil and gas explorer and producer's recent placing.
Hardy raised £6.8m through a placing at 201p a share at the end of 2010. Bruce bought 60,000 shares. Bruce had invested £9,000 at 23p a share in September's rights issue. His total holding is 439,822 shares.
Hardy needs the cash to invest in six assets in India, which are in various stages of exploration, appraisal and development.
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Top Director Buys
Hardy Oil & Gas(HDY) Director name: Ian Bruce Amount purchased: 60,000 @ 201.00p Value: £120,600
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