Insider Buy & BlackoutsIngiboy - there are no blackout periods imposed on insiders when they buy in the public market. They are required to disclose, that's all. Blackouts are usually decided by the company executive pending release of material public information. Information that any investor would want to see - ie. financials, well test results etc...
IMHO seeing a director buy is generally viewed as positive. But keep things in perspecitve - his 1.8MM could be your 18K. It's relative.