First Calgary director trims holding

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Date: Monday 11 Jul 2005

LONDON (ShareCast) - Darryl Raymaker, a non-executive director at oil & gas explorer First Calgary, sold 16,000 shares in the embattled company to raise $123,000 CAD (£58,000).

Raymaker sold the shares at $7.69 (363p) to cut his holding to 126,000 shares, with options over a further 1m.

First Calgary hit a peak of 1062½p in February, valuing the business at almost £2bn, after it thought it might strike oil or get a bid for the company.

But nothing has materialised and the shares have slipped to under 400p after it terminated its joint venture with Repsol Exploration to develop its Algerian gas interests.


Top Director Buys

Antisoma (ASM)
Director name: Mr Glyn Edwards
Amount purchased: 337,835 @ 18.30p
Value: £61,824

Antisoma (ASM)
Director name: Ms Ursula Ney
Amount purchased: 195,391 @ 18.30p
Value: £35,757

Catlin Group (CGL)
Director name: Mr Michael Lesley Hepher
Amount purchased: 5,000 @ 407.00p
Value: £20,350

Supercart (SC.)
Director name: Mr Charles Price
Amount purchased: 100,000 @ 15.00p
Value: £15,000

Top Director Sells

First Calgary Petroleums (FPL)
Director name: Mr Darryl Raymaker
Amount sold: 16,000 @ 363.34p
Value: £58,134

Aberdeen New Thai (ANW)
Director name: Mr John Rickards
Amount sold: 15,000 @ 108.10p
Value: £16,215

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