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TRADING UPDATES: Enwell Energy rocked by Russian military drone attack

ALN

The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Enwell Energy PLC - Ukraine-focused oil and gas exploration and production company - Says the gas processing facilities at its Vasyschevskoye gas and condensate field in Ukraine was the subject of an attack by Russian military drones last Thursday. The attack results in significant damage to the facilities. Fortunately, there are no casualties as the facilities had been mothballed since the reinstatement of the suspension of the VAS production licence in February. ‘This is an extremely concerning and upsetting situation, with current indications of extensive damage to the gas processing facilities, but, we are, nevertheless, very relieved that there were no casualties among our staff on site,’ says Chief Executive Oleksiy Zayets.

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Ariana Resources PLC - mineral exploration, development and production company with gold project interests in Africa and Europe - Enters agreement whereby Hongkong Xinhai Mining Services Ltd provides A$8 million in immediate funding and technical services to Ariana. The investment includes a A$500,000 signing fee. Xinhai will provide technical services in relation to metallurgical sampling and test work programme for A$1 million and complete a definitive feasibility study of Dokwe. ‘We are very pleased to have been able to fast-track the definitive agreement with Xinhai over the past two weeks since the completion of the Term Sheet. This sets the scene for our positive relationship and understanding with Xinhai and bodes well for our interactions going forward,’ comments Managing Director Kerim Sener.

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Helix Exploration PLC - London-based helium explorer - Provides an update on its Rudyard project as it progresses towards first helium gas production. Expects the PSA compressor, the final long lead item required for helium production, will be onsite at Rudyard in the next three days. Commissioning is expected to take four to five business days once onsite. Offtake discussions with industry leaders are expected to be concluded once first gas commences while Helix is also in active discussions with several globally recognised Tier 1 partners regarding potential hydrogen-related collaboration. In addition, Helix buys additional leases at Rudyard totaling 1,363 acres for modest cash consideration.

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Watkin Jones PLC - London-based residential for rent developer and operator - Strikes partnership to develop a 294-unit hotel in the centre of London’s Wimbledon area. The deal with Latium Enterprises sees a former brownfield site developed into an 11-storey hotel. The hotel is to provide a ‘range of guest accommodation with thoughtfully designed spaces including a club lounge, gym, co-working space and cafe,’ residential property developer Watkin Jones says. It adds: ‘Over the course of the project, which is due to be delivered in summer 2028, the development is expected to generate revenue of approximately £40 million for Watkin Jones at margins consistent with guidance. This is the second development partnership that Watkin Jones has entered into with Latium Enterprises, following the scheme in New Kent Road, London, announced in January 2025.’

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Artemis Resources Ltd - gold, copper and lithium focused mining company with projects in Western Australia - Enters into an earn-in and joint venture agreement with Red Metal Ltd over the ‘highly prospective’ Sharon Dam T1 intrusion, located near to the company’s Cassowary Intrusion in Western Australia’s Madura Province. ‘The JV with Red Metal provides a strategic and low-cost entry into another compelling IOCG target in Western Australia. By partnering with Red Metal we are expanding our footprint 50 kilometres south of the Cassowary Intrusion and putting funds directly into drilling one of the most exciting targets in the region,’ Executive Director Jozsef Patarica says. Artemis says it can earn 60% of Red Metal’s Sharon Dam IOCG target by spending not less than A$5.0 million within three years, inclusive of an initial commitment of A$400,000 for drilling. After meeting the A$400,000 commitment for drilling within 12 months, Artemis has the option to continue and earn the JV interest or withdraw from the agreement at any time.

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Oberon Investments Group PLC - London-based investment management, wealth planning and corporate broking group - Raises £625,000 via the issue of 16.9 million shares at 3.7 pence each.

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Eco Animal Health Group PLC - London-based animal health company - Announces that the European Commission adopts a decision granting EU marketing authorisation for Ecovaxxin MS, the company’s poultry vaccine against Mycoplasma synoviae. The MA has been issued over a month earlier than anticipated following the Committee for Medicinal Products for Veterinary Use’s positive opinion in November. ‘This is a key milestone for ECO, enabling the first commercial launch from our innovative R&D portfolio, and reflects the high-quality work from our R&D, regulatory, marketing, and technical teams,’ says David Hallas, chief executive.

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Helium One Global Ltd - London-based helium explorer in Tanzania, also has a 50% working interest in the Galactica Project which is operated by Blue Star Helium Ltd - Says start-up and commissioning of the Pinon Canyon processing facility is completed with helium gas now being successfully processed. Offtake agreements are expected to occur in two phases: short term contracts to generate sales in January 2026, followed by longer term partnership agreements to secure sustained revenue stream. Forward plan expects to see revenue growth during the first half of 2026 through additional well tie-ins and infill drilling. Full plant capacity will be maintained via infill and expansion drilling with life of project expected to exceed 12 years.

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