JKX chief boosts stake

JKX Oil & Gas rallied hard Thursday, helped by news that boss Paul Davies has splashed out more than £68,000 on new shares.

Davies, who joined the board in January 1998, bought 50,000 at 136.7p each, taking his stake to 3.64m shares, or 2.3% of the business.

John Ogren, a non-executive director at John Wood Group, has also been in the buying mood, snapping up 25,000 shares in the oilfield services company.

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The purchase, worth almost £44,000, sees Ogren's holding increase to 80,000 shares.

Top Director Buys

Africa Opportunity Fund (AOF)

Director name: Mr Robert C Knapp

Amount purchased: 3,530,000 @ $0.50

Value: $1,765,000

Coal of Africa Limited (CZA)

Director name: Mr Simon Farrell

Amount purchased: 250,000 @ 32.81p

Value: £82,025

Africa Opportunity Fund (AOF)

Director name: Mr Francis Daniels

Amount purchased: 350,000 @ $0.50

Value: $175,000

Banco Santander SA (BNC)

Director name: Mr Manuel Soto Serrano

Amount purchased: 14,000 @ 557.07p

Value: £77,988

Banco Santander SA (BNC)

Director name: Mr Manuel Soto Serrano

Amount purchased: 13,690 @ 529.09p

Value: £72,432

John Wood Group (WG.)

Director name: Dr John Ogren

Amount purchased: 25,000 @ 174.91p

Value: £43,728

JKX Oil & Gas (JKX)

Director name: Dr Dr Paul Davies

Amount purchased: 50,000 @ 136.70p

Value: £68,350

Banco Santander SA (BNC)

Director name: Mr Manuel Soto Serrano

Amount purchased: 7,400 @ 542.68p

Value: £40,158

Conister Financial Group (CFG)

Director name: Mr James (Jim) Mellon

Amount purchased: 500,000 @ 10.00p

Value: £50,000

Banco Santander SA (BNC)

Director name: Ms Isabel Tocino Biscarolasaga

Amount purchased: 5,500 @ 574.41p

Value: £31,593