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Tim Read, non-executive director of Faroe Petroleum, has topped up his holding despite a surge in the share price over the past two months on a stream of good news.
Read bought 25,000 shares at 137p each, marking the first significant buy by a director for some time.
Faroe, which is controlled by Dana Petroleum, released more good news this week on an appraisal well on the recent Glenlivet gas discovery, West of Shetland. Based on the preliminary logging data, the results exceed the net gas column and reservoir quality expected, it added.
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Value: £34,250
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Value: £19,000
Value: £15,985
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Value: £585,000
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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Average UK house price reaches £300,000 for first time, Halifax saysWhile the average house price has topped £300k, regional disparities still remain, Halifax finds.
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Barings Emerging Europe trust bounces back from Russia woesBarings Emerging Europe trust has added the Middle East and Africa to its mandate, delivering a strong recovery, says Max King
