Sibir chief buys shares worth £1.5m

Sibir Energy's chief executive Henry Cameron spent nearly £1.5m buying shares in the oil explorer.

The group said Cameron bought 600,000 shares on Friday at a price of 246.29p per share. He increases his stake to 1.5m shares, which represents 0.39% of the company.

Sibir said today that an independent analysis has been carried out by Ryder Scott at its Koltogorsky area. The means estimate of the eight blocks according to Ryder Scott is 269m barrels of oil.

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The group said it has encountered hydrocarbon saturated reservoirs in all wells drilled so far.

Top Director Buys

Sibir Energy (SBE)

Director name: Mr Henry Cameron

Amount purchased: 600,000 @ 246.30p

Value: £1,477,800

John Wood Group (WG.)

Director name: Sir Sir Ian C Wood

Amount purchased: 475,251 @ 188.00p

Value: £893,472

TT Electronics (TTG)

Director name: Mr John W Newman

Amount purchased: 1,000,000 @ 46.90p

Value: £469,000

CLS Holdings (CLI)

Director name: Mr Henry Klotz

Amount purchased: 65,189 @ 302.00p

Value: £196,871

Hill and Smith (HILS)

Director name: Mr David L Grove

Amount purchased: 75,000 @ 195.00p

Value: £146,250

Weir Group (WEIR)

Director name: Mr Stephen King

Amount purchased: 43,500 @ 274.30p

Value: £119,320

TT Electronics (TTG)

Director name: Mr John W Newman

Amount purchased: 250,000 @ 46.90p

Value: £117,250

BBA Aviation (BBA)

Director name: Mr Simon Pryce

Amount purchased: 125,000 @ 79.80p

Value: £99,750

Sports Direct International (SPD)

Director name: Mr Simon Bentley

Amount purchased: 250,000 @ 39.20p

Value: £98,000

John Wood Group (WG.)

Director name: Mr Allister G Langlands

Amount purchased: 50,000 @ 189.30p

Value: £94,650