Director dealings: Touchstone Exploration CEO makes share sale
Touchstone Exploration Inc NPV (DI)
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Touchstone Exploration revealed on Thursday that chief executive Paul Baay had offloaded 131,000 shares in the AIM-listed exploration and development firm.
FTSE AIM All-Share
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Oil & Gas Producers
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Baay, who founded Touchstone, sold the shares on Wednesday at an average price of 54.0p each, for a total value of £70,740.
The proceeds from the sale were used to satisfy costs and withholding taxes associated with the company's officer share option exercises.
Back in August, Touchstone Exploration announced the completion of its five-phase production testing at the Royston-1X well.
Among the significant discoveries during the testing, the deepest oil located on the Ortoire block was found at a depth between 11,102 and 11,168 feet, registering an oil gravity between 34.1 to 40.0 degrees API. However, the low permeability reservoir indicated limited natural oil flow to the surface.
As of 1530 BST, Touchstone shares were up 6.48% at 57.50p.
Reporting by Iain Gilbert at Sharecast.com
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Director name: Almond,Jayne
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Director name: Baxter,Celia
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Abrdn Diversified Income And Growth (ADIG)
Director name: Bradley,Trevor
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Director name: Friedman,Alan Mark
Amount purchased: 60,000 @ $0.18
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Director name: Bradley,Trevor
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Value: �5,572.76
Audioboom Group (BOOM)
Director name: Tobin,Michael
Amount purchased: 3,597 @ 139.00p
Value: �4,999.83
Abrdn Diversified Income And Growth (ADIG)
Director name: Bradley,Trevor
Amount purchased: 5,000 @ 78.29p
Value: �3,914.60
Top Director Sells
Touchstone Exploration Inc Npv (di) (TXP)
Director name: Baay,Paul R.
Amount sold: 131,000 @ 54.00p
Value: �70,740.00
Wildcat Petroleum (WCAT)
Director name: Singh,Mandhir
Amount sold: 26,300,000 @ 0.15p
Value: �39,450.00