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AFRICA OIL INTRODUCES NEW BRAND IDENTITY WITH CHANGE OF NAME TO MEREN
AFRICA OIL INTRODUCES NEW BRAND IDENTITY WITH CHANGE OF NAME TO MEREN Canada NewsWire ...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n\n\n\n AFRICA OIL INTRODUCES NEW BRAND IDENTITY WITH CHANGE OF NAME TO MEREN\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 15, 2025\n \n\n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)\n \n –\n \n Africa Oil Corp. (\"Africa Oil\" or the \"Company\") is pleased to unveil its new brand identity with a change of name to Meren Energy Inc. (\"Meren\"). The Company's rebranding follows the recent completion of the transformative Prime consolidation, doubling reserves and production in high quality offshore assets that benefit from low lifting costs, premium Brent pricing and a favourable fiscal regime.\n \n View PDF version\n \n\n\n The Company's common shares will trade under the new symbol 'MER' on the TSX and Nasdaq OMX Stockholm. There is no change in the capitalization of the Company pursuant to the change of name and new trading symbols.\n \n\n\n Commenting on the launch of Meren, President and Chief Executive Officer,\n \n Roger Tucker\n \n , said:\n \n\n \"The recent completion of the Prime consolidation felt like the natural catalyst to rebrand the Company given the transformational impact of that transaction. Over the last couple of years, we have worked diligently to enhance our investment proposition by simplifying the structure of the business and gaining more direct interests in our large-scale and high-netback assets in deepwater\n \n Nigeria\n \n . The business model has also evolved considerably over the past few years; moving away from being exploration led to being a full-cycle E&P underpinned by strong cash flow generation that supports our commitment to meaningful shareholder returns.\"\n \n\n\n The name Meren is derived from an old nautical term representing the mooring of a vessel as it docks. Inspired by the maritime legends that set sail in pursuit of new worlds, the name mirrors the Company's stability anchored by a diverse portfolio, strong cash flow profile and proven ability to work side by side with industry leaders on world-class assets.\n \n\n\n Meren's key strate...