LONDON (ShareCast) - The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of AIM-listed Eland Oil & Gas have purchased a total of 100,000 shares.

The largest deal was made by CEO Leslie Blair, who bought 80,000 shares at 109.30p each for a total spend of £87,440.

CFO George Maxwell spent a more modest £21,980 on 20,000 shares.

The deals come after Westhouse Securities upgraded the stock to 'neutral' following its results earlier in the week, which gave a positive outlook despite an increase in operating expenses that had led to widened losses for the year.

Notably, the group has brought OML 40 on production this year as a result of its efforts in 2013, cheering investors further with the news it expects to benefit from "a significant reduction" in underlying tax rates in Nigeria.



Top Director Buys

Cyprotex (CRX)
Director name: Mr Stephen Harris
Amount purchased: 400,000 @ 6.40p
Value: £25,600

Eland Oil & Gas (ELA)
Director name: Mr George Walter Mitchell Maxwell
Amount purchased: 20,000 @ 109.90p
Value: £21,980


Top Director Sells

Inchcape (INCH)
Director name: Mr Andre Lacroix
Amount sold: 78,118 @ 619.82p
Value: £484,191

Victrex plc (VCT)
Director name: Mr David R Hummel
Amount sold: 26,591 @ 1,806.00p
Value: £480,233

Victrex plc (VCT)
Director name: Mr David R Hummel
Amount sold: 23,409 @ 1,800.00p
Value: £421,362

Serabi Gold (SRB)
Director name: Mr Daniel Kunz
Amount sold: 5,096,084 @ 5.75p
Value: £293,025

Brewin Dolphin Holdings (BRW)
Director name: Mr Stephen Ford
Amount sold: 62,500 @ 319.00p
Value: £199,375

Alliance Trust (ATST)
Director name: Mr Alan Trotter
Amount sold: 23,415 @ 453.01p
Value: £106,072

NR

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