Canadian Overseas Petroleum Limited (LSE:COPL, CSE:XOP) said its president and chief executive Arthur Millholland bought 1mln shares in the company this week on the Canadian Stock Exchange.
Millholland bought 100,000 shares for $0.19 each on August 23 and 900,000 shares yesterday at $0.185 per share.
The oil and gas company recently announced the significant potential of its Converse County find in Wyoming after an independent report confirmed the deep discovery has total original oil in place of 993.5mln barrels.