director selling to fund option exercise

Recent selling in OEX explained. Director had to Exercise 1m options @20c by today. He sold 200k of heads at $1.4 to fund purchase and tax implication

No wonder the shareprice has been so weak. Should have a nice spurt with this seller gone, unless other directors in similar position

However, one must ask whether timing of trades represented insider trading if he knew non-public information about Oman and Cambay drilling activities.