Non-executive director Juan Pavez has invested £5.5m in GeoPark shares.
Pavez bought 963,000 shares at 570p each. That takes his shareholding in the Latin America-focused oil and gas explorer to 2.03m shares, or 4.87% of the company.
Pavez is a former analyst and investment manager. Since 2001 he has been chief executive of Centinela, which is developing wind parks and run-of-the-river hydropower plants.
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
GeoPark has interests in blocks in Argentina and Chile and it is investing $50m-$60m on exploration and infrastructure this year. The GeoPark share price has risen by 135% over the past year.
Earlier this month, GeoPark reported the successful testing of two wells in Chile at Cerro Iturbe 1 and Tetera 4. These are a new gas discovery and a new oil producer respectively.
Top Director Buys
Geopark (GPK) Director name: Mr Juan Cristobal PavezAmount purchased: 963,000 @ 570.00p Value: £5,489,100
Cyan (CYAN) Director name: Mr Simon Smith Amount purchased: 3,000,000 @ 0.75p Value: £22,500
Cyan (CYAN) Director name: Mr Simon Smith Amount purchased: 3,000,000 @ 0.75p Value: £22,500
Cyan (CYAN) Director name: Mr Simon Smith Amount purchased: 3,000,000 @ 0.75p Value: £22,500
Avon Rubber (AVON) Director name: Rt Hon Sir Richard NeedhamAmount purchased: 13,700 @ 114.50p Value: £15,686
PLUS Markets Group (PMK) Director name: Mr Stephen AllcockAmount purchased: 1,000,000 @ 1.55p Value: £15,500
Top Director Sells
Electrocomponents (ECM) Director name: Mr Ian MasonAmount sold: 24,096 @ 229.00p Value: £55,180
Electrocomponents (ECM) Director name: Mr Simon BoddieAmount sold: 12,049 @ 229.00p Value: £27,592
-
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?
