Faroe Petroleum Plc Share News (FPM)

Brendan Nelson, a non-executive director of BP and a chairman of the firm's audit committee, has dipped his hand into his pocket and bought just under £50,000 worth of shares in the oil giant.Nelson, a chartered accountant and a partner in accountancy giant KPMG, paid slightly less than 450p a share, a good 85p or so above the price the shares were trading at as recently as September.Just a week ago, BP tied up another loose end from the Gulf of Mexico Macondo well disaster, when US-listed oil and gas equipment firm Cameron International, the company which designed and manufactured the Deepwater Horizon 'blow-out preventer', agreed to pay the UK oil titan $250m to settle all claims between them related to last year's tragic incident. The settlement will by applied to the $20bn trust BP created to deal with claims and costs arising from the oil spill in the Gulf of Mexico in April 2010. Following this agreement, both companies have agreed to drop all claims against each other. However, the agreement "is not an admission of liability by either party", BP said.Top Director BuysReconstruction Capital II Ltd. (RC2) Director name: Mr Ion Alexander FlorescuAmount purchased: 520,993 @ € 0.46 Value: € 239,657Reconstruction Capital II Ltd. (RC2) Director name: Mr Dirk Van den BroeckAmount purchased: 355,994 @ € 0.46 Value: € 163,757Active Risk Group (ARI) Director name: Mr Lynton BarkerAmount purchased: 400,000 @ 37.00p Value: £148,000Coastal Energy Co (DI) (CEO) Director name: Mr C. Robert BlackAmount purchased: 10,000 @ 807.90p Value: £80,790Reconstruction Capital II Ltd. (RC2) Director name: Mr Howard Ira GoldenAmount purchased: 250,000 @ € 0.46 Value: € 115,000Faroe Petroleum (FPM) Director name: Mr Graham StewartAmount purchased: 49,611 @ 156.55p Value: £77,666Faroe Petroleum (FPM) Director name: Mr Helge HammerAmount purchased: 44,058 @ 156.55p Value: £68,973Faroe Petroleum (FPM) Director name: Mr Iain M LanaghanAmount purchased: 35,972 @ 156.55p Value: £56,314BP (BP.) Director name: Mr Brendan NelsonAmount purchased: 11,040 @ 449.94p Value: £49,673Tristel (TSTL) Director name: Mr Francisco Angel SolerAmount purchased: 80,000 @ 38.00p Value: £30,400Top Director SellsTristel (TSTL) Director name: Mr Paul Christopher SwinneyAmount sold: 80,000 @ 38.00p Value: £30,400--jh