Rockhopper Exploration (RKH): Equity raise for OSX-1 share
This situation live
RKH Rockhopper Exploration
24 Aug 2026 · Placing and Open Offer under consideration · +0% until the next step
Accordingly, the Company is actively considering a placing of new ordinary shares to new and existing investors (the "Placing")
27 Aug 2026 · Placing launched; bookbuild open, Open Offer to follow · −19% until the next step
The Company anticipates being able to announce the results of the Placing later today with the Capital Access Window coming to an end
27 Aug 2026 · Placing completed, oversubscribed; Open Offer to follow · −19% until the next step
A circular containing full details of the Open Offer and the expected timetable will be posted to Shareholders on 28 August 2026
30 Sep 2026 · Placing and Open Offer completed · +2% since
Placing raised US$180 million
Equity raise for OSX-1 share
Placing and Open Offer completed
Every step · 4
- 24 Aug 2026 Placing and Open Offer under consideration – Accordingly, the Company is actively considering a placing of new ordinary shares to new and existing investors (the "Placing") ↗
- 27 Aug 2026 Placing launched; bookbuild open, Open Offer to follow – The Company anticipates being able to announce the results of the Placing later today with the Capital Access Window coming to an end ↗
- 27 Aug 2026 Placing completed, oversubscribed; Open Offer to follow – A circular containing full details of the Open Offer and the expected timetable will be posted to Shareholders on 28 August 2026 ↗
- 30 Sep 2026 Placing and Open Offer completed – Placing raised US$180 million ↗
What is happening
Rockhopper Exploration: Equity raise for OSX-1 share – Placing and Open Offer completed. ['Placing and Open Offer completed']
- In short
- Rockhopper launched a c.US$180m placing at 70p plus an open offer on 27 Aug 2026, adding about 22% new shares. The 30 Sep 2026 results confirm the Placing raised US$180m and the Open Offer US$20m. This funds the company to mid-2028.
- Announced
- 24 Aug 2026 · Placing and Open Offer under consideration
- Latest
- 30 Sep 2026 · Placing and Open Offer completed
- Use of money
- c.US$100m CDA and OSX-1 to mid-2028; US$20m exploration and deepening; US$20m early project failure cover; US$60m contingency
- Open Offer
- US$20m raised
- Conditions
- Not underwritten; Admission by 8am 2 September 2026; Open Offer conditional on Placing
- Demand
- Significantly oversubscribed at the Issue Price
- Admission
- Placing Shares expected on or around 8.00 a.m. on 2 September 2026
- Share capital
- 1,051,439,462 Ordinary Shares after Admission of Placing Shares
- Placing
- US$180m raised
- Funded to
- Mid-2028 on Operator estimates and current plan
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Also at Rockhopper Exploration 3 open
Large acquisition / reverse takeoverOSX-1 FPSO and CDA acceleration – Subscription Agreement signed for 35% of OSX-1
Project milestonesSea Lion Phase 1 development – Funded; contractor replacement under way
Disposal of a part (break-up)Italian assets disposal – Italian approval outstanding; long stop passed
Dilutive fundraiseUS$140m Placing and Open Offer – Placing and Open Offer completed · closed
Rockhopper Exploration – company page →