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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Top Director Buys
Hardy Oil & Gas(HDY) Director name: Ian Bruce Amount purchased: 60,000 @ 201.00p Value: £120,600
Top Director Sells
-
Ofgem proposes new energy tariffs with low or no standing changesStanding charges have invited public backlash as households battle high energy bills
-
Google shares bounce on Gemini 2.0 launchGoogle has launched the latest version of its Gemini AI platform, and markets have responded positively. Is it time to buy Google shares?
