Ruspetro President boosts stake

Russia-focused oil and gas group Ruspetro surged on Wednesday after its President spent over 100,000 pounds-worth of shares, yet shares are still well off levels seen last year after a tough period for the company.Ruspetro, which operates mainly in the Khanty-Mansiysk region of the West Siberian basin, said that Alexandar Chistyakov, Executive Director and President, had purchased 656,521 shares in the company this week at 15.91p a piece, spending a total of £104,452.Through this transaction, his stake in the firm was boosted to a sizeable 13.16%.Earlier this week, Chief Executive Officer Donald Wolcott invested £140,026 after snapping up 800,147 shares at a price of 17.5p each. His stake was boosted to 7.097%.On March 18th, the firm announced that revenues jumped 97% to $76m in 2012 as average production surged 81%, yet the firm admitted that it faced "significant challenges" over the year.Shares have dropped over 80% over the past 12 months as Ruspetro continued to miss its production targets.Top Director BuysRuspetro (RPO) Director name: Mr Alexander ChistyakovAmount purchased: 656,521 @ 15.91p Value: £104,452City of London Group (CIN) Director name: Mr Nigel SidebottomAmount purchased: 75,000 @ 67.50p Value: £50,625Avanti Communications Group (AVN) Director name: Mr Paul S WalshAmount purchased: 10,000 @ 307.00p Value: £30,700HICL Infrastructure Company Ltd (HICL) Director name: Mr Chris RussellAmount purchased: 25,000 @ 119.50p Value: £29,875Liontrust Asset Management (LIO) Director name: Mr John Stephen IonsAmount purchased: 16,078 @ 166.14p Value: £26,712HICL Infrastructure Company Ltd (HICL) Director name: Mr Graham PickenAmount purchased: 20,000 @ 119.50p Value: £23,900Top Director SellsBritish American Tobacco (BATS) Director name: Mr Ben StevensAmount sold: 15,925 @ 3,509.00p Value: £558,808Schroders (Non-Voting) (SDRC) Director name: Mr Philip MallinckrodtAmount sold: 24,147 @ 1,688.00p Value: £407,601British American Tobacco (BATS) Director name: Mr Nicandro DuranteAmount sold: 8,846 @ 3,509.00p Value: £310,406Hydrogen Group (HYDG) Director name: Mr Ian TempleAmount sold: 100,750 @ 91.75p Value: £92,438Helical Bar (HLCL) Director name: Mr Jack PitmanAmount sold: 9,590 @ 237.25p Value: £22,752