Africa Oil Rebrands to Meren Energy Following Prime Consolidation

The latest announcement is out from Africa Oil ( (TSE:AOI) ).

Africa Oil Corp. has rebranded as Meren Energy Inc. following the completion of the Prime consolidation, which has doubled its reserves and production in offshore assets. This rebranding reflects the company’s shift from exploration-led operations to a full-cycle exploration and production model, emphasizing strong cash flow and shareholder returns. Meren aims to drive long-term value through its portfolio, grow as a leading independent E&P company, and strategically acquire production assets. The company’s shares will trade under the new symbol ‘MER’ on the TSX and Nasdaq Stockholm.

More about Africa Oil

Meren Energy Inc., formerly known as Africa Oil Corp., is a full-cycle independent upstream oil and gas company with interests in offshore Nigeria, Namibia, South Africa, and Equatorial Guinea. Its main assets include producing and development assets in deepwater Nigeria operated by major companies. Meren holds a leading position in the Orange Basin, including its interest in the Venus light oil project offshore Namibia and a direct interest in Block 3B/4B offshore South Africa. The company is listed on the Toronto Stock Exchange and Nasdaq Stockholm.

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