LONDON (ShareCast) - Donald Wolcott, Chief Executive Officer of Ruspetro, the oil and gas producer, has acquired 502,947 shares taking his total holding in the company to 12.79m.

The director bought the shares at 42.5p each, costing a total of £213,702.

The group last month said that it is planning to restructure its debt arrangements and is currently holding discussions with Sberbank in the hope of extending its maturity.

Speaking at the annual general meeting on April 17th, Wolcott said: "Although I am disappointed that we did not meet our year-end production target last year, we did achieve a great deal. We created a business that efficiently develops, produces and sells hydrocarbons.

"During the year, we increased the size of our team considerably in order to be able to gain the expertise and management capability necessary to triple our drilling programme, build-out the required infrastructure, increase our production and improve our understanding of the field.

"We were able to bring key people into the company with both international and local business backgrounds who were able to deliver on our fast paced roll-out."


Top Director Buys

Virgin Media Inc. (VMED)
Director name: Mr Andrew Cole
Amount purchased: 62,500 @ 1,036.91p
Value: £648,069

Virgin Media Inc. (VMED)
Director name: Mr Andrew Cole
Amount purchased: 40,000 @ 1,506.22p
Value: £602,488

Ruspetro (RPO)
Director name: Mr Donald Wolcott
Amount purchased: 502,947 @ 42.49p
Value: £213,702

Northern Investors Co (NRI)
Director name: Mr John Barnsley
Amount purchased: 12,841 @ 292.00p
Value: £37,496

Ironveld (IRON)
Director name: Mr Charles Clarke
Amount purchased: 662,778 @ 5.10p
Value: £33,802

Treatt (TET)
Director name: Mr Daemmon Reeve
Amount purchased: 4,959 @ 437.00p
Value: £21,671

Treatt (TET)
Director name: Mr Richard Andrew Hope
Amount purchased: 3,996 @ 480.00p
Value: £19,181


Top Director Sells

Virgin Media Inc. (VMED)
Director name: Mr Andrew Cole
Amount sold: 100,800 @ 3,313.12p
Value: £3,339,625

TUI Travel (TT.)
Director name: Mr Peter Long
Amount sold: 786,066 @ 350.50p
Value: £2,755,161

TUI Travel (TT.)
Director name: Mr Peter Long
Amount sold: 349,362 @ 350.50p
Value: £1,224,514

TUI Travel (TT.)
Director name: Mr Johan Lundgren
Amount sold: 317,589 @ 350.50p
Value: £1,113,149

Tau Capital (TAU)
Director name: Mr Richard Horlick
Amount sold: 2,898,000 @ $0.34
Value: $999,810

TUI Travel (TT.)
Director name: Mr William Waggott
Amount sold: 265,104 @ 350.50p
Value: £929,190

TUI Travel (TT.)
Director name: Mr Johan Lundgren
Amount sold: 124,332 @ 350.50p
Value: £435,784

TUI Travel (TT.)
Director name: Mr William Waggott
Amount sold: 88,368 @ 350.50p
Value: £309,730

NR

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