Meren Energy Inc
F:AFZ0
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
M
|
Meren Energy Inc
F:AFZ0
|
CA |
|
A
|
Abbott Laboratories
XBER:ABL
|
US |
|
Harvard Apparatus Regenerative Technology Inc
OTC:HRGN
|
US |
|
Z
|
Zillow Group Inc
F:0ZG2
|
US |
|
YANGAROO Inc
XTSX:YOO
|
CA |
|
MTB Metals Corp
F:E8H
|
CA |
|
Oneview Healthcare PLC
OTC:ONVVF
|
IE |
|
M
|
Moj SA
WSE:MOJ
|
PL |
Meren Energy Inc
Meren Energy, Inc. is an oil and gas company, which engages in the acquisition, exploration, development, and production associated with oil and gas assets. The company is headquartered in Vancouver, British Columbia and currently employs 25 full-time employees. Its main assets are producing and developing assets in deepwater Nigeria operated by Majors. The firm holds a position in the Orange Basin, including its interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa. The company has a direct interest in producing assets in Nigeria's deepwater Niger Delta Basin. The main assets of the Company are a direct 8% WI in PML 52 and a direct 32% WI in PMLs 2, 3 and 4 as well as PPL 261. PML 52 is operated by affiliates of Chevron and covers part of the producing Agbami field. The company has indirect interests in Block 2912 and Block 2913B through a 39.5% shareholding in its investee company, Impact Oil & Gas Limited. The firm holds 80% operating interests in each block, EG-18 and EG-31. The company holds a direct non-operated 18.0% interest in Block 3B/4B.
Meren Energy, Inc. is an oil and gas company, which engages in the acquisition, exploration, development, and production associated with oil and gas assets. The company is headquartered in Vancouver, British Columbia and currently employs 25 full-time employees. Its main assets are producing and developing assets in deepwater Nigeria operated by Majors. The firm holds a position in the Orange Basin, including its interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa. The company has a direct interest in producing assets in Nigeria's deepwater Niger Delta Basin. The main assets of the Company are a direct 8% WI in PML 52 and a direct 32% WI in PMLs 2, 3 and 4 as well as PPL 261. PML 52 is operated by affiliates of Chevron and covers part of the producing Agbami field. The company has indirect interests in Block 2912 and Block 2913B through a 39.5% shareholding in its investee company, Impact Oil & Gas Limited. The firm holds 80% operating interests in each block, EG-18 and EG-31. The company holds a direct non-operated 18.0% interest in Block 3B/4B.
Production & Guidance: Meren delivered full-year working interest production of 30,800 BOE/d, in line with 2025 guidance, despite Q4 maintenance impacting output. 2026 production will reflect a drilling pause, with campaigns resuming late in the year.
Strategic Transformation: The Prime consolidation deal doubled reserves and production, simplified asset ownership, and set up a platform for future growth.
Shareholder Returns: $100 million was returned as dividends and $8 million via share buybacks in 2025, with a $25 million quarterly dividend announced for early 2026.
Balance Sheet Strength: $420 million of RBL debt was repaid, reducing net debt to EBITDAX to 0.4x and ending 2025 with $175 million in cash.
Impairment Charge: A non-cash impairment of $105.3 million related to Agbami was recognized, driven by oil price volatility and updated FPSO life extension costs.
Strong Liquidity & Hedging: Meren maintained significant liquidity and hedged 70–100% of production for 2026, providing downside protection.
Growth Pipeline: Drilling in Nigeria resumes late 2026, with organic growth options in Nigeria, Namibia, South Africa, and Equatorial Guinea being developed, targeting both near-term infill and longer-cycle tiebacks.
