Director of Exploration Tom Bugge and Director of Technology and Development Stein Fines have both sold 70 000 shares, about 10% of their shareholdings, at an average price of NOK 50.8625.
The transactions were performed on in Thursday September 10th 2009.
Following the transactions, Tom Bugge holds 695 985 shares in Det norske, while Stein Fines holds 631 609 shares.
About Det norske (DETNOR`):
Det norske is the second-largest operating company on the Norwegian Continental Shelf with 28 operatorship and interests in a total of 51 licenses. Det norske is the operator of the Frøy Field development and will also operate eight to nine exploration wells in the North Sea and Norwegian Sea during 2009. Det norske’s scope of activities is limited to the Norwegian Continental Shelf (NCS).
Det norske currently employs a staff of more than 140 and the strong growth rate continues. The company`s registered office is located in Trondheim and the headquarter operations is divided between Oslo and Trondheim. The company also has offices in Harstad, and Stavanger.