Member Info for Nomadme

Too true ! Now’s a good time it all started falling into place, with POO and Gas and I bet with licence round in Cameroon have had a massive influx of interest since straits were closed causing delays

I’ve been thinking about this as we get closer to the proverbial ‘ imminently ’ 😁

Maybe 3-4 years Jeremy Asher (JA) mentioned geotechnical tests, before any start of the actual oil well. He said They drilled 80 meters down to test soil layers (sand over clay I believe) to ensure the seabed won't "punch through?" as he explained, because when the rig's massive legs are put down thousands of tonnes of pressure. So would all that work that they did back then need re-doing?

And whilst you’re here?

JA confirmed the Long Lead Items were secured, ( again a couple of years ago now) before we knew we were using Admarine 501. Will we have the right 'Subsea Wellhead System' to latch onto the casing we already have in the warehouse or herever it is they keep these things, or are we going to need some kind of adaptor and is that just a standard part of a riggers standard kit?"

Thanks in advance MARF👍

14 years, so do you remember the Uganda days too! I guess You must be able to relate to that, massive find next door hitting big, only to find you on the peripheries of it with nothing to show? And then Repsol fiasco and JA on other is thinking if only we’d gone deeper, but I’m sure you can add another nuance to that😀

I got into shares be cause of someone who worked on the rigs he was a diver, I worked for him, did his garden and windows? Wow trip down memory lane there. GL Marfinn👍

Fair enough, the chat needs someone with experience to add to discussion, to shave off rough edges of our research, with bit in the mud knowledge, we may not have spent most of our life on rigs but there are investors that research to invest sometimes they get it right sometimes they get it wrong but some of us try to be positive . But some of us have done ok with our investing philosophy! Best of … Whatever you think you need!!!

James Dyson advocates embracing failure as an essential part of the innovation process, often stating that his success was built on 5,126 failed prototypes of his vacuum cleaner. He argues that, unlike success, "failure is valuable because people learn from it" and it drives further improvement.

Transferring that philosophy to the Market : realize that a market dip is just a necessary prototype for your future wealth, where the only real "failure" is losing your nerve—or worse, following the noisy projections of those who mistake their own stumbles for the market’s flaws.

Marfinn: No DYOR is a good piece of advice .

Like this research:

Projecting, is a psychological defense mechanism where an individual unconsciously attributes their own undesirable, unacknowledged, or uncomfortable thoughts, feelings, traits, or motives to someone else. This behavior serves as a mental shield, protecting the ego by shifting blame and focusing on flaws in others rather than confronting one's own deficiencies or insecurities

Smokey: It Will, my friend, It Will!😌

SO!? As been mentioned the news about new license is quite possible too!

Thoughts? From real investors?

Casper : Pertinent reminder on new Licenses!

Note RE: BP // ECO activity in Namibia and licence addresses!

And back to Cameroon!

Using Perenco as a real life example of the following?

The Société Nationale des Hydrocarbures (SNH) and the Ministry often favor awarding "next door" blocks to established operators for several strategic reasons:

Infrastructure Sharing: Existing operators like Tower can tie new discoveries back to planned facilities (such as the MOPU for the Njonji field), significantly lowering the development costs for marginal fields.

Geological Synergy: Operators already holding 3D seismic data for one block have a "head start" in interpreting the geology of adjacent acreage, which reduces exploration risk for the state.

Operational Efficiency: Using the same rig (like the Admarine 501 which we know will be in and around Rio del Rey for 2 years now alongside Addax ) for multiple nearby targets creates "economies of scale," making it more attractive for rig owners to stay in the region

I’m pretty sure when our RNS Arrives it will include NAMBIA primes funding includes NAMBIA and is synergised its payment with Cameroon. When our RNS lands it will be BIG TOO! Just like ECO + BP

Surprise surprise first to answer is a greenbox 🟩🤮

The Rig "At Anchor" status is actually a strategic POSITIVE for investors. It confirms the rig is 100% physically available, finished its previous contract, and the crew is onboard and the machinery is active. And; the rig isn't going to get poached by a higher bidder because it is already committed and sitting on the doorstep, literally waiting for that TRP signature to start the engines. YES, ITS BEEN A WAIT BUT DON’T LET THE NEGS MANIPULATE YOU INTO SELLING, THEY OR THERE PIMPS WANT YOUR SHARES, THATS THE ONLY REASON THERE HERE GREEN BOX THEM !

RIG is prepping to go, could it finally after these years: be TOMORROW?🤔

Nick: I’ve been doing this for years, nevertheless, I appreciate your sage reminder, as my granny used to say “repetition for emphasis”. Been in tower on and off since Uganda days 😅

I like the phrase Geopolitics changes but geology doesn’t 🧐

AYF786 just to emphasize the green filter box is one of you best tools on here!😌👍

So LTH are we expecting both the Cameroon and Namibia deals together? Their partner, Prime Global, has the cash and the green light for the entire group, not just one project. Maybe this has been said before, since their funding Cameroon and Namibia, I feel there might well be one RNS for both, thus showing the full house rather than just one card; making the whole package look fully funded and stable all at once. Since prime is funding both, one or the RNS could be held back, while the other is still pending, then release together as a complete funded package! I believe regulation would allow for this due to one main financier involved on both projects, If so, and it would make sense. (Forgive me if this has been discussed before) but if that is the case!? This going to be Creating a much, much bigger "bang" for the share price on Monday morning or …., and it seems to me after all the flack he’s been given! That would suit JA very nicely!!!🚀

Yeh, I recall someone saying $100,000 a day!? But in the meantime the crew are getting her ship shape and ready to drill ?

LML The rig has finished its Nigerian contract and is preparing for departure. Agreed—once it reaches the site, jacking up, safety checks, and customs clearance will take time before the bit starts spinning. However, following the RNS dated 16th March 2026, we have reached the point where it looks like a 'go' from the administrative side; it just takes a bit longer for that signature to hit the mud."

Arh thanks CMG I didn’t see haven’t been on here a while been watching rest of my portfolio they all hot up at once!

CMG: exactly

Nigerian Contract Finish: The rig was assigned to drill for Nkuku Ikon Petroleum Development in Nigeria for a period of 180 days (firm plus options) starting in Q2 2025.

Based on that timeline, its primary Nigerian duties are now concluding or indeed have concluded.

Idle but Active: AIS data confirms the rig is currently at anchor in the Nkuku Ikong Oil Field offshore Nigeria. The presence of support vessels like the Sea Horizon and Princess Zanatta alongside it suggests it is being "prepared" for the move to Cameroon. 2-3 days currents in its favor in time for Monday RNS.

Hey maybe, Could this be it, ships around including a tow vessel princess Zanetta and Sea Horizon