Director dealings: Amerisur CEO ups stake
Amerisur Resources chief executive John Wardle purchased 8.12m ordinary shares in the full-cycle oil and gas company.
Amerisur Resources
19.18p
17:00 15/01/20
FTSE AIM All-Share
753.12
16:50 25/04/24
Oil & Gas Producers
9,649.24
17:09 25/04/24
Wardle, who took over the role of CEO back in 2007, acquired the shares at an average price of 12.31p each, for a total value of £999,966.52.
Just last week, Amerisur Resources entered into a farm-out agreement with Occidental Andina - an affiliate of international oil and gas exploration and production company Occidental Petroleum Corporation.
The AIM-traded firm said the agreement was across the Putumayo-9, Terecay, Tacacho and Mecaya exploration blocks, all in the Putumayo region in southern Colombia.
In consideration of the acquisition of a 50% interest in each block, Occidental Andina would fund a $93.25m exploration and appraisal program between 2019 and 2021.
Occidental Andina would fund 85% of the total planned 2D seismic cost expenditure of $65m, and 100% of the $38m planned drilling programme.
As of 1630 GMT, Amerisur shares were 9.23% higher at 13.57p.
Top Director Buys
Amerisur Resources (AMER)
Director name: Wardle,John
Amount purchased: 8,125,000 @ 12.31p
Value: £999,966.52
Talktalk Telecom Group (TALK)
Director name: Dunstone,Charles W
Amount purchased: 379,593 @ 117.35p
Value: £445,452.36
Record (REC)
Director name: Hill,Leslie
Amount purchased: 101,756 @ 31.07p
Value: £31,617.62
Record (REC)
Director name: Noyen,Bob
Amount purchased: 101,756 @ 31.07p
Value: £31,617.62
Record (REC)
Director name: Wood-Collins,James
Amount purchased: 101,756 @ 31.07p
Value: £31,617.62
Record (REC)
Director name: Cullen,Steve
Amount purchased: 26,438 @ 31.07p
Value: £8,214.82
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