Meren Energy Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Oliver Quinn
- Full Time Employees
- 50
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 666 Burrard Street Vancouver BC Canada V6C 2X8
- IPO Date
- Aug 8, 1996
- Website
- mereninc.com
- Similar Companies
- Business
- Meren Energy Inc. (MER.TO) is a Canadian independent upstream oil and gas exploration and production company focused on deepwater assets in West and Southern Africa; it holds direct working interests in producing fields including an 8% stake in PML 52 (Agbami field operated by Chevron), a 32% stake in PMLs 2, 3 and 4 (Akpo, Egina and Preowei fields operated by TotalEnergies affiliates) and PPL 261 in offshore Nigeria, alongside an 18% non-operated interest in Block 3B/4B offshore South Africa, 80% operated interests in EG-18 and EG-31 offshore Equatorial Guinea, and an effective 3.8% indirect interest in Blocks 2912 and 2913B (including the Venus discovery) offshore Namibia through its 39.5% ownership of Impact Oil & Gas Ltd. The company produces light to medium sweet crude oil and associated natural gas via FPSO facilities, with average daily working interest production of approximately 31,100 boepd and entitlement production of 35,600 boepd in Q3 2025, primarily from Nigeria's Niger Delta Basin assets over 100 km offshore. Headquartered in Vancouver, British Columbia, Meren Energy Inc., formerly Africa Oil Corp., rebranded on May 14, 2025, following the March 19, 2025 completion of an amalgamation agreement with BTG Pactual that consolidated 100% ownership of Meren Coop (previously Prime Oil & Gas), issued 239.8 million new shares to BTG for a 35% stake, quadrupled its annual dividend policy to $100 million, doubled reserves and shifted from exploration to a full-cycle E&P model targeting organic growth and inorganic opportunities; recent developments include a Q3 2024 farm-down to TotalEnergies and QatarEnergy on Block 3B/4B for up to $46.8 million in cash and full exploration carry, board changes with John Craig's departure and Cheryl Sandercock's appointment in June 2025, reduced reserves-based lending debt by $420 million year-to-date to $330 million as of late 2025, and ongoing maturation of prospects like Akpo Far East, Preowei optimization toward FID, and Venus development eyeing first oil in 2030.
Company News
Meren Energy: Still Cheap With A Nice Dividend Yield
Meren Energy raises 2026 guidance after strong first-half performance
Meren Energy (MRNFF) Beats Q2 Earnings and Revenue Estimates
Doug Casey Calls AI a Super Bubble, Bets on Energy, Gold Miners and Grains
Meren Energy: This Stock Is Heading Past Bargain Territory To Outright Steal
My Top Energy Stocks For 2026 Mid Year Update
Meren Energy backs Impact Oil & Gas restructuring to sharpen Namibia focus ahead of Venus FID
Meren Energy Inc. (MER:CA) Q1 2026 Earnings Call Transcript
Meren Energy posts strong Q1 cash flow, sees upside in West African oil demand
Nasdaq back in positive territory but Dow still red as Trump arrives in China
Meren Energy posts strong Q1 cash flow, sees upside in West African oil demand
Meren Energy (MRNFF) Reports Q1 Loss, Tops Revenue Estimates
Meren Energy - Higher Prices Come At A Critical Point
Meren Energy announces refinancing of reserve-based lending facility
Meren Energy announces refinancing of reserve-based lending facility
Dow and Nasdaq plunge 2% as Amazon data centres hit in Iran war
Meren Energy: The Drilling Campaign Will Resume As This Company Moves Forward Quickly
Meren Energy Inc. (MER:CA) Q4 2025 Earnings Call Transcript
Meren Energy highlights transformational 2025, outlines 2026 drilling plans
Water Tower Research Publishes Initiation of Coverage Report on Meren Energy, Inc., “West Africa Asset Base Supports Cash Returns with Funded Upside Exposure”