PINN.L Share News (PINN)

Tim Read, non-executive director of Faroe Petroleum, has topped up his holding despite a surge in the share price over the past two months on a stream of good news.Read bought 25,000 shares at 137p each, marking the first significant buy by a director for some time.Faroe, which is controlled by Dana Petroleum, released more good news this week on an appraisal well on the recent Glenlivet gas discovery, West of Shetland. Based on the preliminary logging data, the results exceed the net gas column and reservoir quality expected, it added.Top Director BuysAminex (AEX) Director name: Mr F Derek TughanAmount purchased: 727,322 @ 6.00p Value: £43,639Real Estate Investors (RLE) Director name: Mr Paul BassiAmount purchased: 1,000,000 @ 4.00p Value: £40,000Faroe Petroleum (FPM) Director name: Mr Timothy P ReadAmount purchased: 25,000 @ 137.00p Value: £34,250Pinnacle Telecom Group (PINN) Director name: Mr Alan J BonnerAmount purchased: 10,000,000 @ 0.20p Value: £20,000Immedia Group (IME) Director name: Mr Trevor N BrookesAmount purchased: 200,000 @ 9.50p Value: £19,000Anglo American (AAL) Director name: Sir John ParkerAmount purchased: 777 @ 2,057.30p Value: £15,985Archial Group (ARL) Director name: Mr John TaylorAmount purchased: 147,910 @ 10.00p Value: £14,791xG Techonology (Reg S) (XGT) Director name: Mr Mats WennbergAmount purchased: 20,000 @ $0.70 Value: $14,000Dunedin Smaller Companies Inv Trust (DNDL) Director name: Mr R W EntwistleAmount purchased: 10,000 @ 101.60p Value: £10,160Top Director SellsFidessa (FDSA) Director name: Mr Andy MalpassAmount sold: 50,000 @ 1,170.00p Value: £585,000Hays (HAS) Director name: Mr Paul VenablesAmount sold: 52,272 @ 102.00p Value: £53,317Hays (HAS) Director name: Mr Tim CookAmount sold: 21,615 @ 102.00p Value: £22,047Hays (HAS) Director name: Ms Alison YappAmount sold: 14,438 @ 102.00p Value: £14,727