Meren Energy Inc (TSX:MER, OTCQX:MRNFF) announced that its common shares have begun trading on the OTCQX Best Market in the US under the ticker symbol “MRNFF.” The company said its shares will continue to trade on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol “MER.
Meren Energy (AOIFF) stands out among small offshore operators by partnering with integrated majors. AOIFF's stock price remains undervalued. This reflects unwarranted pessimism. Major partners like Total and Chevron provide usually industry-leading low breakeven points.
Meren Energy has attracted Total as a partner, setting it apart from peers. The company holds small interests in potentially large discoveries where it is carried to first production, offering solid if speculative upside. A pause in partnership expenditures allowed significant cash accumulation and debt repayment.
Meren Energy Inc (TSX:MER, OTC:AOIFF) earlier this week reported its second-quarter results, highlighting continued execution of its shareholder return policy. The company paid a dividend of US$25 million and announced a third consecutive quarterly payment of the same amount.
Meren Energy Inc. (OTCPK:AOIFF) Q2 2025 Earnings Conference Call August 14, 2025 9:00 AM ET Company Participants Aldo Perracini - Chief Financial Officer Oliver Quinn - Chief Commercial Officer Roger Morris Tucker - President, CEO & Director Shahin Amini - Head of Investor Relations & Communications Conference Call Participants David Matthew Round - Stifel, Nicolaus & Company, Incorporated, Research Division Jeffrey Woolf Robertson - Water Tower Research LLC Teodor Sveen-Nilsen - Sparebank 1 Markets AS, Research Division Operator Hello, everyone. My name is Serge, and I will be your conference operator today.
Meren Energy delivers strong production and earnings, maintaining a robust double-digit dividend yield supported by healthy free cash flow and debt reduction. The company's balance sheet is improving, with net debt falling and ample cash reserves, even as capex and oil prices fluctuate. Exciting exploration assets, including the Venus discovery in Namibia and projects in South Africa and Equatorial Guinea, offer significant long-term growth potential.
Meren Energy Inc (TSX:MER, OTC:AOIFF) earlier this week completed an interview discussing its recent Prime consolidation and future plans. The company said the Prime transaction was transformational, doubling reserves and production from assets it has tracked for over five years.
The merger doubling Meren Energy's cash flow enables the pursuit of larger offshore projects. Current Nigerian operations remain the main cash flow source. Future projects in Namibia and South Africa offer higher potential market valuation due to stable governments and strong infrastructure.
Sometimes rebranding can be tough, and sometimes rebranding can go awry - just ask Aberdeen and Jaguar – but, other times the branding moguls can deftly redefine a company's identity. It's with that in mind that I draw your attention to the company formerly known as Africa Oil, which was earlier this month relaunched as Meren Energy Inc (TSX:MER, OTC:AOIFF).
Africa Oil Corp. (OTCPK:AOIFF) Q1 2025 Earnings Conference Call May 16, 2025 9:00 AM ET Company Participants Shahin Amini - Investor Relations Manager Roger Tucker - President and Chief Executive Officer Aldo Perracini - Chief Financial Officer Oliver Quinn - Chief Commercial Officer Conference Call Participants Teodor Sveen-Nilsen - SB1M Operator Hello, everyone. My name is Laura, and I will be your conference operator today.
Africa Oil Corp has announced it will change its name to Meren Energy Inc, as it emerges from a phase of transformation. It comes after the completion of the company's transactions to consolidate interests in Nigeria (the Prime consolidation), which closed in March, and marked the firm's maturation into a ‘full cycle' E&P (exploration and production) company.
Africa Oil Corp.'s merger with BTG Group has doubled its production and cash flow, issuing only 35.5% of new shares. The company has declared its first dividend at nearly 10%, with a $100 million annual base and potential for additional special dividends. Despite declining Nigerian assets, the company focuses on new projects like Venus-1X, aiming for substantial shareholder returns.