LONDON (ShareCast) - Baron Oil's chief executive, Rudolph Berends, has acquired 2m shares in the group on the same day it announced a farm-out agreement with Vale Oil and Gas.
Berends paid 1.85p a share and took his stake in the group to 40.3m.

In a seperate announcement, Baron revealed it has agreed a farm-out deal with Brazilian miner Vale Oil and Gas for block 21 onshore northwest Peru.

Vale said it will transfer its entire 70% working interest in the block back to Baron, together with $3.5m, taking its interest to 100%.



Top Director Buys

Baron Oil (BOIL)
Director name: Mr Rudolph Berends
Amount purchased: 2,000,000 @ 1.85p
Value: £37,000

Amara Mining (AMA)
Director name: Mr John McGloin
Amount purchased: 130,639 @ 22.75p
Value: £29,720

Tracsis (TRCS)
Director name: Mr Christopher Cole
Amount purchased: 7,000 @ 364.00p
Value: £25,480

Dods (Group) (DODS)
Director name: Ms Cheryl C Jones
Amount purchased: 500,000 @ 5.00p
Value: £25,000

Amara Mining (AMA)
Director name: Mr Peter Gardner
Amount purchased: 100,000 @ 22.92p
Value: £22,920


Top Director Sells

Hays (HAS)
Director name: Mr Alistair R Cox
Amount sold: 178,793 @ 129.21p
Value: £231,018

Hays (HAS)
Director name: Mr Paul Venables
Amount sold: 130,511 @ 129.21p
Value: £168,633

Young & Co's Brewery (Non-Voting) (YNGN)
Director name: Mr Torquil Sligo-Young
Amount sold: 4,000 @ 720.00p
Value: £28,800

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