San Leon Chairman buys up one million shares

2nd Jul 2012 16:46

San Leon Energy's Chairman, Oisin Fanning, has purchased one million shares in the company less than a week after the oil and gas explorer reported strong results from Poland. Fanning purchased the shares at 8.63p for £86,300, taking his stake in the company to 60.84m shares 5.33%. The firm unveiled a positive set of initial results from the Siciny-2 well in Poland, saying it has proved the 'huge upside potential' of the carboniferous basin. The firm said it encountered continuous gas shows throughout the well and that based on the results of the analysis of the core, it has been able to deterine the quality of five prospective zones for unconventional gas accumulations. In zone 1,151 metres of net oil pay was indentified, resulting in a free gas in place estimate of 163bn cubic feet (bcf) and a total gas estimate of 193 bcf. Top Director BuysLand Securities Group (LAND) Director name: Mr Robert NoelAmount purchased: 80,000 @ 743.67p Value: £594,936Pentagon Protection (PPR) Director name: Mr Haytham ElZaynAmount purchased: 2,000,000 @ 5.50p Value: £110,000San Leon Energy (SLE) Director name: Mr Oisin FanningAmount purchased: 1,000,000 @ 8.63p Value: £86,300Daisy Group (DAY) Director name: Mr Steve Smith Amount purchased: 78,527 @ 95.00p Value: £74,601Yule Catto & Co (YULC) Director name: Mr Neil A JohnsonAmount purchased: 50,000 @ 138.30p Value: £69,150GlaxoSmithKline (GSK) Director name: Sir Sir Deryck MaughanAmount purchased: 1,819 @ 1,444.35p Value: £26,273GlaxoSmithKline (GSK) Director name: Mr Lawrence CulpAmount purchased: 1,819 @ 1,444.35p Value: £26,273GlaxoSmithKline (GSK) Director name: Dr Dr Dan PodolskyAmount purchased: 1,754 @ 1,444.35p Value: £25,334GlaxoSmithKline (GSK) Director name: Sir Sir Christopher GentAmount purchased: 2,321 @ 1,454.00p Value: £33,747GlaxoSmithKline (GSK) Director name: Sir Sir Crispin H L DavisAmount purchased: 2,149 @ 1,454.00p Value: £31,246