Financial Services Industry
Industry: Email Alert RSS FeedHumphries of Regal buys ahead of closed period.
Investors Chronicle, January, 2005
Bill Humphries, a non-executive director with Balkans-focused oil and gas producer Regal Petroleum, snapped up 100,000 shares at 365p ahead of the closed period due to start within the week. Mr Humphries' stake had previously been largely in the form of options. He has been a non-executive since Regal's flotation in 2001. Regal's share price has bounced around a bit in the last few months as its production schedule slipped and analysts were disappointed. But Mr Humphries' buy comes ahead of a planned update on Regal's drilling activities at its billion-barrel Kallirachi oil prospect. A second well on the Greek prospect spudded before Christmas, and results are currently being assessed. This forms part of a longer programme by which Regal hopes to put definitive proven...
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