| CATEGORY: DEALINGS ROUND-UP SECTOR: OIL & GAS PRODUCERS |
Cairn Energy bosses buy in |
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By Rory Gallivan
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Fri 03 Oct 2008
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LONDON (SHARECAST) - Directors at Cairn Energy bought into the oil and gas company en masse today, spending a combined total of about £480,000 on shares.
Exploration director Mike Watts bought 10,000 shares at just over 1,816p each and now has about 183,000 shares in the Edinburgh-based company.
Chief operating officer Malcolm Thoms took 5,500 shares at the same price and now has 48,000, while chief executive Sir Bill Gammell lifted his stake to 416,000 with the purchase of 5,000 shares.
Four other directors took stakes ranging from 1,300 to 2,000 shares.
Cairn reported first half results in August, with sharply higher crude prices boosting operating profits even though output at the India-focused group fell.
Top Director Buys
Thomson Reuters (TRIL)
Director name: Mr John A Tory
Amount purchased: 488,000 @ 1,221.00p
Value: £5,958,480
Thomson Reuters (TRIL)
Director name: Mr John A Tory
Amount purchased: 60,000 @ 1,242.00p
Value: £745,200
EP Global Opportunities Trust (EPG)
Director name: Mr Richard Burns
Amount purchased: 200,000 @ 140.00p
Value: £280,000
EP Global Opportunities Trust (EPG)
Director name: Mr Richard Burns
Amount purchased: 200,000 @ 138.00p
Value: £276,000
Cairn Energy (CNE)
Director name: Dr Mike J Watts
Amount purchased: 10,000 @ 1,816.20p
Value: £181,620
Haynes Publishing Group (HYNS)
Director name: Mr J H C Haynes
Amount purchased: 85,000 @ 155.00p
Value: £131,750
Cairn Energy (CNE)
Director name: Mr Malcolm Thoms
Amount purchased: 5,500 @ 1,816.20p
Value: £99,891
Cairn Energy (CNE)
Director name: Sir Bill Gammel
Amount purchased: 5,000 @ 1,816.20p
Value: £90,810
Johnson Service Group (JSG)
Director name: Mr John Talbot
Amount purchased: 500,000 @ 17.00p
Value: £85,000
Central African Mining & Exploration Company (CFM)
Director name: Mr Philippe (Phil) Henri Edmonds
Amount purchased: 500,000 @ 13.00p
Value: £65,000
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