Member Info for Nomadme

As of 5 April 2026, the situation is in a "final waiting room" phase following the high-level meetings in March. While the presidential and prime ministerial support has moved the file to the finish line, the physical "wet signature" from the Ministry of Mines (MINMIDT) remains pending.

1. The Ministerial Meeting & "Wet Signature"

Instruction vs. Execution: You are correct that it has been roughly three weeks since the 16 March 2026 update, where the Prime Minister’s office confirmed it was convening a meeting with MINMIDT and SNH to finalize the approvals.

The Wait: In Cameroon's administration, a "Presidential instruction" to expedite does not bypass the need for a formal inter-ministerial sign-off meeting. While the President and Prime Minister have "chased it up," the written confirmation that triggers the Prime Global Energies farm-out funds ($15M) has not yet been officially announced via RNS.

Next Milestone: The market is waiting for an RNS titled "Confirmation of License Extension and Farm-out Approval," which will signal that the ministerial rubber stamp is finally dry.

2. Rig AIS Tracking: Admarine 501

The rig is physically ready and essentially "idling" near the border, waiting for the green light from Tower.

Status: At Anchor / Standby.

Coordinates: As of early April, the Admarine 501 is located in the Gulf of Guinea, having completed its firm campaign in Nigeria.

Operational Path: Once the farm-out cash is released by the signature, Tower can pay the mobilization fees to ADES to tow the rig to the Thali block.

3. The "Early" Potential

Because the rig is already in the region and the President has intervened, the timeline could compress rapidly IF the signature arrives this week:

Lead Times: Major service contracts have three-month call-off periods. If funded in April, a July/August spud (start of Q3) is highly realistic.

First Oil: Success at NJOM-3 would lead to an Early Production System (EPS), with JA targeting first oil within roughly 12 months of a successful well test.

Just to add previous post endorsing Chili’s comment 👍

Analysis of the "33k Clip Pattern"

The observation of 33,000-share chunks (clips) suggests several key market activities:

Institutional Execution: Large "parent" orders are often broken into smaller "child" orders to minimize price impact. By executing in 33k clips, a large buyer or seller can fulfill a multi-million share position without causing a sudden price spike or drop that would alert other traders.

Algorithmic Footprints: These repetitive, identical trade sizes are classic "footprints" of automated trading systems. They follow pre-set instructions based on volume, time, or price.

Liquidity Management: For a stock like MET1, which is listed on the Alternative Investment Market (AIM), liquidity can be lower than on the main market. Small, consistent clips help manage this limited liquidity by providing a "steady flow" rather than a single disruptive trade

Well JA has faced a view problems I agree but I don’t thing he deserves being slagged off by some so called investors if we go back a few years when he left Gulf keystone it was some serious II that asked him back because the leadership messed up big time and were paying themselves outrageous salaries which JA stood out against. With TRP JA hasn’t demanded a massive salary he has in fact put his own money in time and again. I personally think he has been very tenacious and has moved forward regardless of. Who can recall Beckham coming onto the pitch to boos by his own team only to score the in the last few minutes that was a game maker.🙂

I noticed some are wondering on here why Michael Spencer amongst other haven’t bought more shares.

Possibly because a deal is near!!!

Directors are generally unable to buy more shares in their company if they are in the middle of negotiations for a joint venture (JV), takeover, or similar deal, and are close to closing an exclusive deal.

This restriction is in place because the negotiations constitute material non-public information (or "insider information").

Buying shares while in possession of this information—which is likely to increase the share price upon announcement—is considered insider dealing.

This prohibited period is commonly referred to as a "Blackout Period" or a "Close Period".

Which is an Event-Driven Period: When a specific event, like a merger, acquisition, or JV, is pending but not yet public, therefore the company (PANR) has I suspect imposed a special blackout period on relevant directors from buying more shares.

For context Qatar was a massive supplier of condensate and China was a massive buyer current price $103 per barrel.

Ayercuramba: further to your comments

The two most recent drills, FR-1835 and FR-1836, are significant because they hit high-value "liquids-rich" (wet) gas. Here are the specifics:

FR-1835 (Completed): Hit 290 feet of net pay. Its significance lies in the massive volume of condensate (light oil) it contains, which sells at premium oil prices rather than lower gas rates.

FR-1836 (Targeting Today): Expected to reach its target depth around April 2–4. So from today onwards. If it matches the 290ft depth of its sister well, it confirms a major "pool" of high-margin liquids.

Because these are located near existing pipelines (the Cascadura infrastructure), they can be "tied-in" and generating cash in weeks, not years. This will transform TXP from a gas-heavy utility to a high-margin liquids producer.

Drilling and Timeline Status (as of 2 April 2026)

Last Drill (FR-1835): Successfully reached total depth on 16 March 2026, encountering 290 feet of net hydrocarbon pay.

Current Drill (FR-1836): Spudded on 26 March 2026 and is currently drilling.

Quick to Line: Unlike complex gas projects, these wells can be tied in relatively quickly because they utilize existing infrastructure.

The CR-3 well was tied in and brought onstream on 28 March 2026.

Completion and tie-in for the first two WD-8 wells (FR-1835 and FR-1836) will proceed once FR-1836 reaches total depth.

Revenue Drivers LNG Exposure: New production from the Central block allows TXP to shift toward higher-priced LNG sales contracts, rather than just fixed-price domestic gas.

Operational Efficiency: Increased throughput is being achieved without significant incremental operating costs, leveraging existing processing facilities.

Cascadura Compressor: A critical booster compressor is in transit and expected to be commissioned in May

2026. This unit is designed to reduce back pressure, further boosting potential.

I for one am buying on this dip🙂

Who else thinks the 400,000 shares at 17:08 the exact auction price of UT 10.82 suggests a broker "cleaned up" the day's remaining sell orders for a single buyer.

The fact that the price held at 10.82 despite nearly 1.3 million shares changing hands indicates very strong absorption. Sooner or later there will be a TR1 I believe.

Thoughts?

Mal Brad & Johno!

Trinidad wells for context.

Typical Legacy Pay: In mature onshore fields like Palo Seco or Forest Reserve, a "good" individual sand interval might only have 20 to 50 feet of net pay. The older wells in Trinidad were considered successful if they tapped into just 10 to 30 feet of productive oil sand.

The 290-foot figure (often cited from wells like FR-1835) represents a massive vertical section of oil-saturated rock. In some areas of the Cascadura field, Touchstone has even identified cumulative pay zones exceeding 1,000 feet across multiple stacked layers.

Highest to Date: Touchstone recently noted that its CO-374 development well showed the "highest net pay" they had ever observed on their crude oil legacy blocks, further highlighting how rare these thick columns are!!! Or should I one say have been rare were currently drilling another ETTT THURSDAY this week but announcement probably next Tuesday and we’ll know if we have another 290ft super well and if part of same prospect🙂🤑

Remember : 290 feet of net pay is a "monster" result for a first well of FOUR. 2nd drilling as we type 🙂

Assuming a similar 9-to-10-day drilling timeline, the current well (FR-1836) is expected to reach its target depth around 4-5 April 2026. Let’s see if net pay is similar 🙂

Following the completion of the first two wells in this campaign, the drilling rig is expected to move to the WD-4 block in the third quarter of 2026 for the final two wells

I still say look at the header this is good point to buy I apply the above to my holdings most generally works some are still waiting other are flying PANR I bought at 7.00 now up today a big city buyer saw fundamentals and is now Chairman SP is climbing. TXP will too!

Production Growth & Optimization: The Carapal Ridge 3 (CR-3) well was brought onstream on March 28, 2026, increasing Central block gross natural gas throughput to approximately 21.5 MMcf/d.

Operational Successes: The first well in a new four-well campaign (FR-1835) was drilled ahead of schedule and encountered approximately 290 feet of net pay, with three more wells planned on WD-8/WD-4 blocks in 2026.

Infrastructure Improvements: The Cascadura booster compressor is expected to be commissioned in May 2026, which is designed to reduce backpressure, improve production rates, and stabilize long-term output.

Higher Pricing Access: Increased production allows for more sales into higher-priced LNG contracts compared to previous fixed-price Ortoire volumes

John 2727 totally agree with you! don’t look what back look forward! We’ve all bought and mistimed share price It happens learn from I move forward.

Buy More if Fundamentals Hold: If you trust the company, WB views price drops as opportunities to "love it" and buy more(if you can afford to), rather than bad news. If the stock drops, focus on whether the company's long-term prospects have changed, rather than panic-selling due to "daily fluctuations".

Hey Ross, I went to Annan once, or should I say stopped for a wee and carried on my journey, that was it really😆

“I have been drilling holes in the earth for 30 years. And I have never, NEVER missed a depth that I have aimed for. And by God, I am not gonna miss this one, I will make 800 feet."

— Harry Stamper (played by Bruce Willis)

Or perhaps I should say such depths 290 ft have been rare but maybe that’s about to change:

If the next well (FR-1836) also hits near 300 feet of pay or more, it proves that this isn't just a single "pocket" of oil, but a massive, continuous reservoir.

Think what that means🤔

So after another find at that depth, analysts will have to "scale up" their valuation of the entire block!

Which is exactly the kind of data we need to push the share price toward that 30p and even beyond😆🤑

Typical Legacy Pay: In mature onshore fields like Palo Seco or Forest Reserve, a "good" individual sand interval might only have 20 to 50 feet of net pay. The older wells in Trinidad were considered successful if they tapped into just 10 to 30 feet of productive oil sand.

The 290-foot figure (often cited from wells like FR-1835) represents a massive vertical section of oil-saturated rock. In some areas of the Cascadura field, Touchstone has even identified cumulative pay zones exceeding 1,000 feet across multiple stacked layers. Imagine a 1000 ft across by 290ft deep possibility

Highest to Date: Touchstone recently noted that its CO-374 development well showed the "highest net pay" they had ever observed on their crude oil legacy blocks, further highlighting how rare these thick columns are!!!

Trinidad is approximately 7,200 nautical miles (roughly 13,300 kilometres) from the Strait of Hormuz. And we have gas and oil

Nuff said

GO!!!

There you