Director dealings: Enquest chief executive ups stake

Enquest revealed on Friday that Double A, a discretionary trust in which the extended family of chief executive Amjad Bseisu has a beneficial interest, had acquired 763,835 ordinary shares in the petroleum exploration and production company.

EnQuest

12.06p

15:09 15/11/24

2.03%

0.24p

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

FTSE Small Cap

6,802.32

15:45 15/11/24

n/a

Oil & Gas Producers

8,043.72

15:45 15/11/24

1.32%

105.17

Bseisu, who was appointed as CEO of Enquest back in February 2010, purchased the shares via the trust on the previous Wednesday at an average price of 18.20p each, for a total value of £139,017.97.

Back in March, Enquest reported a 48.2% improvement to its average group production in its final results in March, to 55,447 barrels of oil equivalent per day.

The UK-based firm said its revenue rose to $1.2bn in the year ended 31 December, from $635.2m a year earlier, while EBITDA surged to $716.3m thanks to an uptick in both volumes and realised prices, partially offset by the impact of commodity hedges.

As of 1645 BST, Enquest shares were up 0.26% at 18.59p.

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Director name: Bseisu,Amjad
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Value: £139,017.97

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