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It's just technicals Stevo.

Stocks will often break out through a level of resistance (in this case 80p) and will then return and 'kiss' it as a level of support before heading higher.

It's annoying but it happens with all shares as they trend higher. If you stick a ruler against the peeks and then the troughs you will notice how RKH have respected the rising trend and been very well behaved cheering to the upper and lower trend lines.

The only exception is when you get something like FID which will probably take the share up into a new £1.30 + trading range.

You only need to worry if it falls through 80p and then takes another leg lower as this would suggest a change in investor sentiment

Hey Philwad. It’s an annoying but very real issue which needs sorting.

I guess that given the size of the prize, it would be madness for FIG to do anything that would delay the journey to untold riches so logic says they will do all they can to accommodate us.

Not to do so would be madness and so I remain confident that we will soon get a positive up date regarding this.

Added just over 50k shares this morning for what it’s worth.

Switched some out of Lloyds given the risk of a windfall tax from our lovely socialist masters. I guess one positive is that the Rock is well and truly beyond their reach.

Thank you JEBR for running the book on behalf of us all.

My year end was 92p in the absence of FID so can you put me down for £1.38 post FID 31 Decplease?

Much

Should rise by 5p instantly to reflect the extra cash on the balance sheet.

Add in the mitigation of the Italian liabilities and of course the extent to which the cash is a further enabler to Sealion plus potential to re-run Ombrina Mara and finally the chart which is like a coiled spring ready for a break out and we should go through 80p today without any issues.

All falling into place nicely!

Hi Markednmb1 and Buffit.

Apologies. You’re of course absolutely correct, it isn’t stated.

However,if you divide the number of share in issue ie circa 650m and divide it by the new share in the open offer you get roughly 1 for 50 so I guess it will be in the region of this.

Much

Sorry Buffit but I have to disagree.

Its 32 pages of information with everything you could possible need to know about the fund raise?

Much

Full details available here Buffit so you can stop speculating and deal in facts going forward.

https://rockhopperexploration.co.uk/wp-content/uploads/2025/08/177789-Project-Rec-MASTER-Circular-FINAL.pdf

Clearly the Board have listened and improved the terms.

Now is not the time to embark on some kind of crusade and upset the momentum. To do so would be the ultimate act of self harm.

The offer has my full support and I will be voting in favour at the first available opportunity.

Remember, do NOT 'bite the had that feeds you' and that in situations like this 'beggars can't be choosers'.

We all stand to make an awful lot of money on the back of this.

If anyone is concerned about the appetite of FIG and the people of the Falklands, worth pointing out that as am population they will be the richest nation on earth per head of capita.

Anyone objecting would effectively be a turkey voting for Christmas.

Up 4p as I type, so looks like the insurance money has been paid and its somehow got out........

I still find it incomprehensible that after all the money spent by Premier in getting what is the 4th larges oilfield in the world this year ready for development, we walked away to focus on the high tax North Sea.

Madness. Just imagine where we would be now had we stuck with it. Instead the Israelis have come in and are going to be laughing all the way to the bank..

Exactly as I foretold LT, came back kissed 80.04 (my stated level of resistance), bounced off and now heading upwards .

Not sure what more anyone can add following a 100% accurate prediction, however I’m sure you’ll come back with something other than an acknowledgement of a 100% accurate prediction.

Longtime ... a ceiling is very different to a level of resistance / support.

You can judge me by what happens over the next few weeks.

Lloyds resistance level had been 80p which it blitzed through to touch 82p where it was in over bought territory.

The pull back to day is exactly what you would have expected as 80p now becomes a level of support.

Except it to touch 80p over the next few days and from there head on upwards to 85p and the nineties over the coming weeks.

Marunam .. using post fund raise float of 900m shares.

Hey Longterm,

RKH moved into a more extreme upwards channel in June so have been looking over bought in recent days. Just a bit of distribution going on before a move through 80p on the next leg.

My guess is that we will be around £1.20 on FID at which point we will be fully valued at just over £1 billion given where we are - would value us about right.

Great to see the rice has just touched my 82p prediction from over the weekend.

Likely to test 80p a s a level of resistance in the next couple of days.

Next target 84p where we may tread water before heading to 104p.

I think Lloyds RNS is saying as much Bookers.

I suspect that once the ‘consultation process’ starts the FCA will have to be clear on what is unreasonable as per Plevin.

Once there is a clear line, the cost to each organisation impacted will become clear.

My hope would be that most if not all of Lloyds arrangements are under the threshold and it will be some of the less scrupulous lenders that are going to take the hit.

Well if it is £18bn then the government has just had another £6bn hole blown in its budget as that would have been profit (taxable) and is now non taxable compensation.

Frankly the FCA is a joke.

The court was clear that it was only the CCA element that was applicable and only when the commission was excessive.

They therefore need to agree what is excessive and then only bring these loans into the compensation scheme that fit the ‘excessive’ label.

I would hope that it was just a few less-reputable lenders that were taking excessive commissions so if applied appropriately, only the bad apples will end up paying.

There again with the FCA you never know…

Thanks for sharing your insights around Isobel and significant experience and knowledge.You’re clearly someone who knows his stuff.

As a banker, absolutely agree re the focus being on Sealion, monetising it and getting cash flow and at the AGM Sam was clear that they would be focusing 100% on Sealion and getting it into production.

Only then with everything running to plan, the oil flowing and the borrowing being serviced would they start to look at anything new.

We’ll obviously not know the true value of Isobel until it is fully appraised, however and in the meantime, the following link provides some useful additional information https://www.oedigital.com/news/450510-premier-proves-pay-at-isobel-deep which may help to inform people around the outcome of the two drills and future potential.