Carnarvon Petroleum Ltd (ASX:CVN) non-executive director Dr Peter Moore has purchased 100,000 shares for $42,000 via on-market trades.
The purchase increases his overall holding to 420,232 shares in the oil and gas explorer, which made a breakthrough discovery in 2018.
READ: Carnarvon Petroleum raises $50 million to fund world-class Dorado discovery
Recent funding will be applied to Carnarvon’s appraisal and exploration activities in Australia’s North West Shelf, and to engineering and design studies relating to Dorado.