Director dealings: Touchstone Exploration CEO makes share sale

26th Oct 2023 15:04

(Sharecast News) - Touchstone Exploration revealed on Thursday that chief executive Paul Baay had offloaded 131,000 shares in the AIM-listed exploration and development firm.

Baay, who founded Touchstone, sold the shares on Wednesday at an average price of 54.0p each, for a total value of £70,740.

The proceeds from the sale were used to satisfy costs and withholding taxes associated with the company's officer share option exercises.

Back in August, Touchstone Exploration announced the completion of its five-phase production testing at the Royston-1X well.

Among the significant discoveries during the testing, the deepest oil located on the Ortoire block was found at a depth between 11,102 and 11,168 feet, registering an oil gravity between 34.1 to 40.0 degrees API. However, the low permeability reservoir indicated limited natural oil flow to the surface.

As of 1530 BST, Touchstone shares were up 6.48% at 57.50p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Arbuthnot Banking Group (ARBB)

Director name: Almond,Jayne

Amount purchased: 5,617 @ 890.00p

Value: �49,991.30

Symphony International Holdings Ltd. (SIHL)

Director name: Thadani,Anil

Amount purchased: 91,863 @ $0.42

Value: $38,564.09

Symphony International Holdings Ltd. (SIHL)

Director name: Thadani,Anil

Amount purchased: 68,197 @ $0.45

Value: $30,688.65

Arbuthnot Banking Group (ARBB)

Director name: Almond,Jayne

Amount purchased: 3,000 @ 895.00p

Value: �26,850.00

Dowlais Group (DWL)

Director name: Baxter,Celia

Amount purchased: 22,836 @ 88.83p

Value: �20,284.90

Symphony International Holdings Ltd. (SIHL)

Director name: Thadani,Anil

Amount purchased: 25,000 @ $0.45

Value: $11,250.00

Dowlais Group (DWL)

Director name: Baxter,Celia

Amount purchased: 12,251 @ 87.72p

Value: �10,746.53

Abrdn Diversified Income And Growth (ADIG)

Director name: Bradley,Trevor

Amount purchased: 12,860 @ 77.76p

Value: �9,999.81

Eco (atlantic) Oil & Gas Npv (di) (ECO)

Director name: Friedman,Alan Mark

Amount purchased: 60,000 @ $0.18

Value: $6,211.92

Abrdn Diversified Income And Growth (ADIG)

Director name: Bradley,Trevor

Amount purchased: 7,140 @ 78.05p

Value: �5,572.76

Audioboom Group (BOOM)

Director name: Tobin,Michael

Amount purchased: 3,597 @ 139.00p

Value: �4,999.83

Abrdn Diversified Income And Growth (ADIG)

Director name: Bradley,Trevor

Amount purchased: 5,000 @ 78.29p

Value: �3,914.60

Top Director Sells

Touchstone Exploration Inc Npv (di) (TXP)

Director name: Baay,Paul R.

Amount sold: 131,000 @ 54.00p

Value: �70,740.00

Wildcat Petroleum (WCAT)

Director name: Singh,Mandhir

Amount sold: 26,300,000 @ 0.15p

Value: �39,450.00