Proactive news snapshot: Mosman Oil & Gas, Rose Petroleum, Vast Resources, Faron Pharmaceuticals …

A glance at some of the day's highlights from the Proactive Investors newswire

Your daily round-up from the world of Proactive

Mosman Oil And Gas Ltd (LON:MSMN) shares jumped in Thursday's deals after revealing positive results from the Stanley-2 well. The company told investors that that analysis of logs and cores from the well identified multiple potential production zones. It includes several Yegua sands which are described as a prolific sequence in the region.

Rose Petroleum PLC (LON:ROSE) has hired Robert Bensh as its new chairman, not David Sefton as had previously been announced by the company. The company had, at the end of March, announced that Sefton would be appointed along with James Berwick as a new non-executive director following a proposal coming from a group of its shareholders.

Vast Resources PLC (LON:VAST) was a top riser in London on Thursday morning after it updated on financing discussions as well as the restructuring of its business. The mining firm said it was expecting term sheets (non-binding investment agreements) from financial institutions for loan finance to bring its Baita Plai metal mine in Romania into production.

Faron Pharmaceuticals Ltd (LON:FARN) is to target more patients with late-stage colorectal cancer as part of the ongoing phase I/II study of its Clevegen immunotherapy drug.

Alba Mineral Resources plc’s (LON:ALBA) investment in the Horse Hill oil project continues to see a boost from ongoing test production and fresh drill programmes promise new potential value catalysts in the coming months. Today, a new update from Horse Hill’s Portland reservoir production test revealed that oil has continued to flow at a stable rate of 220 barrels per day. It is a constrained rate, held below the 362 bopd top rate seen previously, due to prudent reservoir management.

hVIVO PLC (LON:HVO) bosses are confident that the drug development services provider will turn a profit next year as it starts to see the benefits of recent changes. The company, which carries out ‘challenge’ trials on behalf of drugmakers, said its pipeline of opportunities for 2020 is already “looking exceptionally strong”.

Security software firm Corero Network Security PLC (LON:CNS) has reiterated its commitment to moving into profit at the underlying earnings (EBITDA) level this year.

Rosslyn Data Technologies PLC (LON:RDT) has appointed finance veteran Ash Mehta as its chief financial officer (CFO). Rosslyn said Mehta, who did a stint as finance director of Northbridge Industrial Services between 2007 and 2011, said Mehta has substantial CFO experience in growth companies, both public and private. Big Pic in November.

Aggregated Micro Power Holdings PLC (LON:AMPH) believes it now has a firm grip on its wood fuels business after a difficult year for the division.

Biotech investor Arix Bioscience PLC (LON:ARIX) has agreed to invest another US$5.0mln (£3.8mln) in Autolus Therapeutics PLC (NASDAQ:AUTL).

Tharisa plc (LON:THS) told investors it is ‘on track’ to meet its 2020 production targets thanks to “substantial improvements” in the second quarter mining operations. The company, in a statement, said that in the quarter ended 31 March it saw an improvement in reef tonnes mined and stripping ratio, meanwhile, production drilling activity improved by 9.5%.

BigDish PLC (LON:DISH) is planning to add reviews and reservation sharing features to its app and website as part of technology development targets for the second quarter.

OptiBiotix Health PLC (LON:OPTI) said it has received a licence from the Food Standards and Safety Authority India (FSSAI) for its award-winning weight management product, SlimBiome to be manufactured in India.

Strategic Minerals PLC (LON:SML) has produced its first tonne of copper cement from Leigh Creek in South Australia. The cement contained 70% copper and was processed at the Mountain of Light plant. Drilling at Leigh Creek’s Paltridge North prospect, meanwhile, has been raised by 46% to a JORC compliant 10,800 copper metal tonnes.

Instem PLC (LON:INS) said shareholders including chairman David Gare and non-executive director David Sherwin plan to sell stock in the IT company “to satisfy market demand and broaden the institutional investor base”. A total of 1.6mln shares (the equivalent of 10.2% stake) are being sold at “not less than” 290p a share.

Shefa Yamim (ATM) Ltd (LON:SEFA) is planning to change its name to Shefa Gems Ltd at its annual general meeting next month. The Israeli gem miner added that if the name change was approved at the 23 May meeting its SEFA ticker would remain the same.

Kibo Energy PLC (LON:KIBO), the multi-asset, Africa focused energy company, announced that an updated version of its corporate presentation is now available on the company's website.

Zichain has signed strategic partnership deals with BitGo and Sum & Substance, providers of compliance and verification solutions, to reinforce its digital asset brokerage platform. The company said its partnership with BitGo, a Goldman Sachs-backed firm that provides security, compliance, and custodial solutions for blockchain-based currencies, would offer its users “an unprecedented level of protection” for their funds and personal data.

Mkango Resources Ltd. (LON:MKA) (TSX-V:MKA) announced the exercise of warrants over 515,151 common shares in the share capital of the company at an exercise price of 6.6p each, for an aggregate consideration of £33,999.98.

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