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Leni Gas & Oil directors buy up shares

Tue, 04th Oct 2011 14:42

Company chairman of Leni Gas & Oil David Lenigas topped up his stake in the firm just one day after announcing the acquisition of Goudron E&P firm Sorgenia International.Mr Lenigas bought 3m shares at 1.26p per share for £37,800, taking his total holding in the company to 14.69%.Company director Neil Ritson also dug deep, buying 5m shares at 1.25p each.The £62,500 move brought Ritson's total holding to 12.5m ordinary shares, representing 1.36% of the total issued share capital. In addition, Ritson will be granted 20m ordinary shares upon the company share price reaching 20p prior to 31 December 2012.Leni G&O bought Goudron E&P on Monday for an initial $1m, with a further £1m to be paid on the successful completion of the transaction. Despite the recent good news, which also saw the firm announce a three year equity line facility of up to £5m, the company's share price has still fallen 3.51% in the last year. Last month, the group announced that despite rising revenue, pre-tax losses have widened after group administration costs hit £940,000 for the six months to the end of June. Top Director BuysLookers (LOOK) Director name: Mr Peter JonesAmount purchased: 475,000 @ 50.50p Value: £239,875Richland Resources Ltd (RLD) Director name: Mr Edward F G NealonAmount purchased: 1,450,000 @ 8.00p Value: £116,000Leni Gas & Oil (LGO) Director name: Mr Neil RitsonAmount purchased: 5,000,000 @ 1.25p Value: £62,500Avingtrans (AVG) Director name: Mr Roger McDowellAmount purchased: 125,000 @ 47.00p Value: £58,750Leni Gas & Oil (LGO) Director name: Mr David Anthony LenigasAmount purchased: 3,000,000 @ 1.26p Value: £37,800Coral Products (CRU) Director name: Mr Joseph (Joe) GrimmondAmount purchased: 290,000 @ 12.00p Value: £34,800Anglo American (AAL) Director name: Sir John ParkerAmount purchased: 1,017 @ 2,359.75p Value: £23,999Real Estate Investors (RLE) Director name: Mr John Rawcliffe Airey Crabtree OBE Amount purchased: 38,000 @ 52.25p Value: £19,855Real Estate Investors (RLE) Director name: Mr John Rawcliffe Airey Crabtree OBE Amount purchased: 38,000 @ 52.25p Value: £19,855UK Coal (UKC) Director name: Mr Jonson CoxAmount purchased: 46,945 @ 31.95p Value: £14,999Top Director SellsPrime Focus London (PFO) Director name: Mr Christopher MillsAmount sold: 1,800,000 @ 35.00p Value: £630,000Red Rock Resources (RRR) Director name: Mr Andrew Ronald McMillan BellAmount sold: 800,000 @ 5.00p Value: £40,000NR

More News

13 Feb 2017 09:48

LGO clearing trees ahead of Goudron drilling

(ShareCast News) - LGO Energy confirmed on Monday that final approval was granted by the Trinidadian Forestry Department on 10 February to cut trees in order to clear the well sites for the impending two shallow infill wells at the Goudron Field in the east of the country. The AIM-traded firm said s

9 Feb 2017 13:13

LGO Energy reapplies to Spanish government for oil concession

(ShareCast News) - Oil and gas firm LGO Energy has reapplied to the Spanish government to extend its concession in the country, after it was denied an extension in January. The La Lora concession, which has a carried value of £7m and is owned by the the company's subsidiary, Compañía Petrolífera de

30 Jan 2017 13:25

LGO Energy to re-apply for extension of Spain oil concession

(ShareCast News) - LGO Energy is "disappointed" on learning the Spanish government has not approved the extension of its concession in the country and the oil and gas firm is looking to reapply. The AIM-listed company maintained that the pending the extension decision, and along with present oil pr

24 Jan 2017 16:06

LGO Energy busy in Trinidad

(ShareCast News) - LGO Energy provided an operational update on Tuesday, including plans for production drilling and enhanced oil recovery at the Goudron Field in Trinidad, its Trinidad South West Peninsula interests and group production for the fourth quarter 2016. The AIM-traded company said that

21 Dec 2016 13:50

LGO Energy looking at busy year of operations

(ShareCast News) - LGO Energy updated the market on its corporate plans for the first quarter of 2017 on Wednesday, saying its recent loan refinancing and equity placement positioned the company for an early return to drilling in the Goudron Field. The AIM-traded firm said that would happen with the

21 Dec 2016 10:19

Revitalised LGO Energy Eyes Drilling At Goudron Field In Early 2017

13 Dec 2016 09:23

LGO Raises Funds For Goudron Field By Issuing Shares At Discount (ALLISS)

13 Dec 2016 07:57

LGO energy raises £1.18m to accelerate drilling program at Trinidad wells

(ShareCast News) - AIM-listed oil and gas explorer LGO Energy has raised £1.18m in equity to accelerate the drilling of its sandstone wells in Trinidad. The company will use the £1.funds raised to hasten the drilling of the Mayaro sandstone infill wells at its Goudron Field in Trinidad, and for use

12 Dec 2016 14:26

LGO Energy looking ot restart drilling at Goudron

(ShareCast News) - LGO Energy updated the market on its plans to recommence production drilling at the Goudron Field in Trinidad on Monday, following its announcements on 7 and 9 December confirming the refinancing of the company's loan facility. The AIM-traded firm's local operating subsidiary, Gou

9 Dec 2016 14:28

LGO Energy completes refinancing

(ShareCast News) - LGO Energy confirmed on Friday that, as announced on 7 December, its refinancing had now completed. The AIM-traded company said first close on the transaction agreed with the Lind Partners occurred on Friday. "LGO received the proceeds from the first drawdown of $1.825m on the Li

7 Dec 2016 18:09

LGO Energy Shareholder Sells Up As Funding Deal Sends Shares Soaring

7 Dec 2016 10:31

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7 Dec 2016 09:27

LGO Energy Agrees New Funding To Repay Defaulted Bank Facility

7 Dec 2016 09:24

LGO Energy secures funding for drilling project

(ShareCast News) - LGO Energy, AIM listed oil and gas exploration company, has announced that it has secured a new $8.6m convertible security funding agreement to pay back its debt and restart its development drilling program at its Goudron Field. The first drawdown of the $1.8m on the funding agree

29 Nov 2016 11:13

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