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Brent trading at $79.23 and looking likely to go through $80 Monday. This really could be the perfect storm with Rockhopper and Premier perfectly positioned to benefit to the max over the next 5 years. Remember we have an oil supply shock on the way in around 3 years time as the depleting fields across the world faile to be replaced due to the lack of investment in new discoveries and the development of new fields Since the oil price crash.

Going forward we have a nice run of news which I wexpect trike the share price as each one occurs. These include:

1. Confirmation of appointment of lead bank
2. FID towards year end
3. Ombrija Mare March 2019
4. Project sanction June 2019
5. Field development including the re-drill of Isobel which could be worth £4 a share alone if it’s as big as the first poke suggested and oil is up. Reason I say this is that if Sealion is in development, Isobel becomes logistically much easier to develop as a follow on or to farm out
6. First oil, cash flow and production

As all of this proceeds, and assuming oil stays above $70, the chances of us being taken out increase so expect a bid premium to emerge too.

I’ve played the markets for 35 years and rarely have I seen such extraordinary upside potential in such a cheap stock. This time next year Rodney........

Take a look at. Three year chart and we appear to have the exceptionally bullish cup and handle chart formation occurring here and ready to rock. For the uninitiated it’s a very, very positive pattern..

Normally results in a large and aggressive upwards break out and with the news we expect likely to occur between now and Premier’s update on the 12th July, looks like the catalyst is there and the good times could be about to return soon.

Hey Yanbu I’d been with iii since the internet began and my elderly parents in their late 80s have recently ended up there as a result of being Nat West customers who moved to TD ********** whose business was taken over by iii. I have spent hour after hour on the phone trying to get them access to their portfolio. Passwords don’t work and it’s one confusing place if you’re in your 80s! Th complexity re signing in is way over the top in my opinion. Add to that the new site and charges which are £180 pa for my wife and I following the abondoning of the family concession and I had had enough.Its a huge shame as I really liked it and used to recommend it to people. Be fascinating to see how many people have walked over the last month or so. Anyway, RKH are like watching paint dry again. Hopefully appointment of the lead bank will take place soon. Disappointing to hear Durrant talking aboutpt sanction for Sealion H1 2019. I think they want it all for themselves ie without a partner and the extra cash flow a further 6 months gives them makes it possible.

Good to see so many people have voted with their feet and come here from iii to share thinking and research. Enough is enough. I’ve moved both my wife and my ISA’s to Lloyd’s and will be posting here from now on. From password and security over elaboration, to charges, to the bulletin boards, they have got it sooooo wrong. Anyone know if they are listed anywhere as probably worth shorting given the rate at which they are heamoraging business. Looking forward to continuing our somewhat slow road to riches over here!