LONDON (ShareCast) - Enteq Upstream's Chief Executive Officer, Martin Perry, on Friday added £74,000-worth of shares to his stake in the Australia-based group following the release of its full year results the same day.

Perry added 200,000 shares at 37p apiece, taking his total to 908,802, or 1.54% of the issued share capital.

Enreq, which acquires and consolidates companies which provide specialist services to the upstream oil and gas market, reported a loss before tax of $11.5m for the year to end of March 2014, up from a loss of $0.6m a year earlier, reflecting a $9.8m impairment charge of goodwill and intangible assets related to the acquisition of oil technology firm KMS.

Nevertheless, the firm delivered a like-for-like increase in revenues of 24% to $24.6m during the year, resulting in an adjusted earnings per share of $0.22, compared to the prior year’s loss of $0.8.

Perry described the results as "pleasing", adding that the company would "continue to focus on growing the drilling technology business organically and through the addition of complementary product lines".


Top Director Buys

Enteq Upstream (NTQ)
Director name: Mr Martin Perry
Amount purchased: 200,000 @ 37.00p
Value: £74,000

Volex (VLX)
Director name: Mr Christoph Eisenhardt
Amount purchased: 63,274 @ 79.02p
Value: £49,999

Anglo American (AAL)
Director name: Mr Byron Grote
Amount purchased: 1,250 @ 1,401.54p
Value: £17,519


Top Director Sells

Good Energy Group (GOOD)
Director name: Mr Garry Peagam
Amount sold: 10,000 @ 230.00p
Value: £23,000

NR

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