Golden Energy Offshore Services CEO Per Ivar Fagervoll has increased his holding in the company through a declaration of stock options.
He added 50,000 shares at a strike price of NOK 4.30, against a close of NOK 6 on Wednesday.
These are worth NOK 300,000 ($35,000).
Fagervoll now has 585,666 shares and another 266,668 stock options.
In addition, he also indirectly owns 1.13% of the company through his ownership in Golden Energy Offshore Management.
The company's chairman, Sten Gustafson, exercised 66,666 stock options to take his first stake in the owner.
He still has 66,669 options remaining.