Director dealings: Amerisur CEO ups stake for second time this week
Amerisur Resources chief executive John Wardle purchased 687,000 ordinary shares in the full-cycle oil and gas company.
Amerisur Resources
19.18p
17:00 15/01/20
FTSE AIM All-Share
745.67
17:08 19/04/24
Oil & Gas Producers
9,468.77
17:10 19/04/24
Wardle, who took over the role of CEO back in 2007, acquired the shares at an average price of 13.10p each, for a total value of £89,997.
The CEO also picked up 8.12m ordinary shares on Monday, dropping 12.31p on each one for a total 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 3% higher at 13p.
Top Director Buys
Amerisur Resources (AMER)
Director name: Wardle,John
Amount purchased: 687,000 @ 13.10p
Value: £89,997.00
Jpj Group (JPJ)
Director name: Goulden,Neil G
Amount purchased: 10,000 @ 582.00p
Value: £58,200.00
Ten Lifestyle Group (TENG)
Director name: Cheatle,Alex
Amount purchased: 65,676 @ 30.00p
Value: £19,702.80
Top Director Sells