SD Standard Drilling director Arne Fredly has increased his stake in a $0.23m deal.

His Apollo Asset company bought 1.4m shares at NOK 1.33 each.

This gives it 13.73m shares, equal to 3.8% of the company.

SD has announced a loss of $708,000 for the second quarter, as opposed to $83,000 in the same three months of 2016.

In August, it received an additional $0.53m