Mediterranean Oil & Gas (AIM: MOG), the oil and gas exploration and production company with interests in Italy, said that Michael Bonte-Friedheim had purchased 10,000 shares at 160 pence per share. Mr. Bonte-Friedheim is Chairman of the company. Following the share purchase, the Chairman holds 293,000 shares, or 0.76% of the company.
Mediterranean Oil and Gas recently reported a 400% increase in the P1+P2 reserves at its Ombrina Mare Oil and Gas field to 20 million barrels.