Director dealings: Phoenix Global chairman ups stake

14th Jan 2019 15:39

(Sharecast News) - Phoenix Global Resources chairman Michael Rake purchased 201,997 ordinary shares in the AIM-listed oil and gas producer on Monday.The former BT chairman acquired the shares at an average price of 24.50p each, for a total value of £49,489.27.Phoenix reported an increase in interim revenues on the back of higher oil prices in September.For the six months ended 30 June, the firm's revenue increased by 4.5% to $92.9m off the back of average oil production of 10,776 barrels of oil per day, down from a pro forma basis of 11,304 per day for the second half of the previous year.Phoenix attributed the drop in production to delays in new drilling projects, bad winter weather and some natural decline.Offsetting the drop in production was the jump in oil prices from $49.57 per barrel in the first six months of last year to $60.43 a barrel.As of 1630 GMT, Phoenix shares were untraded on 24.20p.Top Director BuysCaledonia Mining Corporation (di) (CMCL)Director name: Curtis,Steven RonaldAmount purchased: 67,082 @ $8.07Value: $330,224.04Caledonia Mining Corporation (di) (CMCL)Director name: Learmonth ,John MarkAmount purchased: 26,582 @ $8.07Value: $130,855.00Phoenix Global Resources (PGR)Director name: Rake,Sir MichaelAmount purchased: 201,997 @ 24.50pValue: £49,489.27Advfn (AFN)Director name: Chambers,Clement HAmount purchased: 5,000 @ 28.00pValue: £1,399.99Alliance Trust (ATST)Director name: Samuel,ChristopherAmount purchased: 89 @ 715.75pValue: £637.02Share Plc (SHRE)Director name: Tolkien,RichardAmount purchased: 646 @ 23.25pValue: £150.20Share Plc (SHRE)Director name: Stone,Richard WilliamAmount purchased: 645 @ 23.25pValue: £149.96Share Plc (SHRE)Director name: Birkett,Mike Amount purchased: 645 @ 23.25pValue: £149.96Share Plc (SHRE)Director name: Thomas ,Gareth Amount purchased: 645 @ 23.25pValue: £149.96Share Plc (SHRE)Director name: Ecsery,Francesca Eva Amount purchased: 645 @ 23.25pValue: £149.96Meggitt (MGGT)Director name: Green,Philip ErnestAmount purchased: 25 @ 487.20pValue: £121.80Top Director SellsPalace Capital (PCA)Director name: Sinclair,Ronald NeilAmount sold: 21,240 @ 309.00pValue: £65,631.60Palace Capital (PCA)Director name: Silvester,Stephen John Amount sold: 4,056 @ 309.00pValue: £12,533.04