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Bankers chairman pockets £2.75m

Mon, 18th Apr 2011 17:05

The chairman and co-founder of Bankers Petroleum, Robert Cross, has sold half a million shares in the company for a whopping £2.75m.The Canada-based oil and gas group reported Monday that Cross sold 500,000 common shares for 549.69p each on 14 April.Last month, Bankers reported a 97% surge in oil revenues in 2010 to $170.4m, from $86.6m previously, while net operating income climbed 158% from $31.5m to $81.1m."In 2010, Bankers was successful in progressing its strategic objectives and achieved record production, reserves, earnings and cash flow through its largest annual capital investment in Albania, of $122m," the statement said.---bcTop Director BuysNew Europe Property Investments (NEPI) Director name: Mr Desmond de BeerAmount purchased: 69,000 @ € 3.11 Value: € 214,659PureCircle Ltd. (DI) (PURE) Director name: Mr Paul E Selway-SwiftAmount purchased: 50,000 @ 107.50p Value: £53,750PureCircle Ltd. (DI) (PURE) Director name: Mr Paul E Selway-SwiftAmount purchased: 27,000 @ 109.20p Value: £29,484Corac Group (CRA) Director name: Mr Philip CartmellAmount purchased: 125,000 @ 18.00p Value: £22,500Top Director SellsBankers Petroleum Ltd. (BNK) Director name: Mr Robert M D CrossAmount sold: 500,000 @ 549.69p Value: £2,748,450G4S (GFS) Director name: Mr Grahame GibsonAmount sold: 100,000 @ 274.90p Value: £274,900Bankers Petroleum Ltd. (BNK) Director name: Mr Eric M BrownAmount sold: 30,000 @ 549.33p Value: £164,799Bankers Petroleum Ltd. (BNK) Director name: Mr Jonathan P HarrisAmount sold: 25,000 @ 549.05p Value: £137,262
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28 Apr 2010 11:24

Small caps round-up: OMG, Oakley, Noble...

Oxford Metrics Group (OMG) rallied Wednesday after the image technology company flagged half-year revenue of £14.4m and predicted a pre-tax profit ahead of the market's current forecast for the full year. The firm says it is in "robust financial health", which pleases Daniel Stewart. The broker poi

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11 Nov 2009 08:39

Corac hit by field test delay

Shares in Corac slumped after the compressor technology specialist said the start of a field trial for a project to be conducted with the Italian oil and gas group Eni would be delayed until the second half of 2010 rather than the fourth quarter of 2009. The trial involves using Corac's compressor

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28 Sep 2009 09:58

Small caps round-up: Carpathian, Clarity Commerce, Coal of Africa...

Eastern Europe focused retail property investor Carpathian saw profits slide in the six months to 30 June as rental income slumped. The firm, which invests in shopping centres, supermarkets and warehouses in Croatia, the Czech Republic, Hungary, Poland, Romania, Lithuania and Latvia, posted adjuste

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