Rockhopper Raises £6.9m After Heavily Oversubscribed Open Offer

An announcement from Rockhopper Exploration ( (GB:RKH) ) is now available.

Rockhopper Exploration has completed a significantly oversubscribed open offer to qualifying shareholders, receiving valid applications for 101.96 million shares—around 773% of the 13.19 million shares available—and raising approximately £6.9 million in gross proceeds. The new shares, expected to be admitted to trading on AIM on 21 January 2026, will increase the company’s issued share capital to 860.5 million ordinary shares with full voting rights, underscoring strong investor support as Rockhopper advances development of the Sea Lion field alongside operator Navitas.

The most recent analyst rating on (GB:RKH) stock is a Hold with a £76.00 price target. To see the full list of analyst forecasts on Rockhopper Exploration stock, see the GB:RKH Stock Forecast page.

Spark’s Take on GB:RKH Stock

According to Spark, TipRanks’ AI Analyst, GB:RKH is a Neutral.

Overall score is held back primarily by inconsistent financial performance (minimal recurring revenue, volatile profits, and weak operating profitability despite a strong balance sheet) and bearish/soft technical signals (below key moving averages with negative MACD). The main offset is the improved 2024 cash flow and low leverage, but valuation cannot be assessed from the provided data.

To see Spark’s full report on GB:RKH stock, click here.

More about Rockhopper Exploration

Rockhopper Exploration is a UK-based oil and gas exploration and production company focused on the Falkland Islands. It holds a 35% interest in licences in the North Falkland Basin, where it has sanctioned development of the significant Sea Lion field, discovered by the company in 2010. Rockhopper’s shares trade on London’s AIM market under the ticker RKH.

Average Trading Volume: 3,608,356

Technical Sentiment Signal: Buy

Current Market Cap: £583.8M

For a thorough assessment of RKH stock, go to TipRanks’ Stock Analysis page.