(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
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Falcon Oil & Gas Ltd - Australia, Hungary and South Africa-focused oil and gas explorer - Shenandoah SS2-1H achieves an average 20-day initial production flow rate of 10.3 million cubic feet per day over 2,632 metres across a 57 stage stimulated length within the Amungee Member B-Shale in the Beetaloo Sub-basin, Northern Territory, Australia. Chief Executive Officer Philip O'Quigley says: "The IP20 flow rate results announced...is another positive development as we move towards commercial production. As further results become available, we look forward to updating the market." Says the normalized flow rate of 11.9 MMcf/d over an extrapolated 10,000-foot horizontal section "compares favourably" to the average performance of more than 11,000 producing wells in the Marcellus Shale dry gas fairway with over 12 months of production history. The exit rate trajectory "continues a steady, low-declining curve" at 8.8 MMcf/d (normalized at 10.2 MMcf/d per 10,000-feet) with a flowing wellhead pressure of around 580 psi. Says this is consistent with that achieved from Shenandoah SS2-2H ST1. Notes testing has been intentionally curtailed "to avoid unnecessary flaring and carbon emissions and preserve reservoir energy ahead of tie‑into the Sturt Plateau Compression Facility and the commencement of gas sales in [the third quarter of 2026]." Plans to begin the 2026 stimulation campaign for the Shenandoah South 3H, 4H and 5H wells in the second quarter, with all three wells expected to be tied into the SPCF and brought into production during the third quarter.
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Huddled Group PLC - Nottingham-based investor in e-commerce brands - Intends to consolidate all of its existing websites into one single destination store, under the name Peeko. Says this is in order "to provide customers with more choice and a better service whilst, at the same time, significantly reducing the company's operating costs." Annual cost savings of GBP500,000 are expected following the restructuring. Additionally, Michael Ashley and Paul Simpson step down from the board, with both moving to part-time consultancy positions. Chair Martin Higginson says: "We have wanted to move to one single site for some time. It not only allows us to streamline our operations but also allows us to improve the customer experience, and offer more choice, as well as next-day delivery on every order. We also believe that the rebranding will make our platform more attractive to additional leading manufacturers and extend the number of partners wanting to work with us."
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Pulsar Helium Inc - Cascais, Portugal-based helium exploration and development firm - Appoints Cliff Cain as president of subsidiary Keewaydin Resources. Cain joined Pulsar in December 2025 as manager of commercial & external affairs. "This senior-level transition is intended to support Pulsar's next phase of development, with a particular emphasis on aligning with US governmental priorities and further underlines the company's commitment to strengthening its US-centric leadership profile as it continues to advance its flagship Topaz Project," Pulsar says. As president, Cain is responsible for the commercial agenda, US government engagement, offtake negotiations and critical path delivery. Also, notes sale of 280,000 shares at CAD2.45 each by ABCrescent Cooperatief UA, a company of which former director Brice Laurent is a managing partner.
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Cadence Minerals PLC - London-based mining services company - Updates on its pending installation licence for the Amapa Iron Ore Project in Brazil. The Instituto do Patrimonio Historico e Artistico Nacional confirms there are no additional archaeological field studies required in the previously impacted areas of the project, including locations affected by legacy mining activities. "This is an important development, as it narrows the remaining archaeological workstream to a defined regulatory pathway, rather than further technical fieldwork in those previously disturbed areas," Cadence says. Further, Cadence notes IPHAN's determination that "the appropriate mechanism for progressing the archaeological workstream and for supporting clearance to State of Amapa Environmental Authority for issuance of the installation licence" is the execution of a Termo de Ajustamento de Conduta. Proposed measures for inclusion in the TAC are centred on cultural heritage publication, exhibition materials and studies, and project work associated with a community museum/exhibition initiative. "Amapa continues to engage with IPHAN to finalise the TAC and once agreed and executed, the TAC is expected to form the basis for IPHAN's clearance to SEMA in respect of archaeological matters for the installation licence," Cadence says. Regarding water abstraction & tailings disposal permitting, Cadence has submitted additional requested documentation and the application has progressed back to the Coordination of Water Resources Management body, with applications progressing through final administrative review. Meanwhile, permitted early works and procurement continue at its Azteca plant. CEO Kiran Morzaria believes commissioning by the end of June 2026 "remains achievable, with Azteca representing the first stage in unlocking near-term cash flow and the broader value of the Amapa Project."
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By Aidan Lane, Alliance News reporter
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