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LONDON - William Hodson, a non-executive director at Borders & Southern Petroleum plc (AIM:BOR), has purchased 122,807 ordinary shares at 6.7 pence per share, according to a statement released by the company on Monday.
Following the transaction, Hodson now holds a total of 1 million shares, representing approximately 0.11% of the company’s total issued shares.
The purchase was executed on the London Stock Exchange (LON:LSEG) as part of a director’s dealing, the company stated in its regulatory announcement.
Borders & Southern is a London-based independent oil and gas exploration company with assets offshore the Falkland Islands. The company operates with a 100% interest in three Production Licences in the South Falkland Basin, covering an area of nearly 10,000 square kilometers.
The company has previously acquired 2,517 square kilometers of 3D seismic data and has drilled two exploration wells, one of which resulted in a gas condensate discovery.
The information was disclosed in accordance with regulatory requirements for transactions by persons discharging managerial responsibilities.
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