29th Jul 2015 10:17
LONDON (Alliance News) - Northcote Energy PLC said Chief Executive Officer Randall Connally bought 9.5 million shares at a price of 0.16 pence per share Wednesday.
Following this transaction, Connally has a beneficial interest in 236.2 million shares in Northcote Energy, representing 3.94% of the issued share capital.
Northcote Energy earlier said it has formed a new joint venture entity with its Mexican partner to develop the Tabasco remediation facility which will recycle oil cuttings and provide other oil field services to both onshore and offshore wells in the country.
The news follows on from an announcement earlier in July that the company had secured a property for the development of the company's first scalable waste remediation facility in Mexico.
Shares in the oil and gas company were down 1.1% at 0.143p Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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