Meren Q3 results: Shahin Amini talks Prime amalgamation, Nigeria assets & $100m dividend

Meren Energy Inc (TSX:MER, OTCQX:MRNFF) investor relations manager Shahin Amini talked with Proactive's Stephen Gunnion about the company’s third-quarter results, highlighting the strategic and financial significance of its Prime Oil & Gas amalgamation. Amini described the deal as “transformational,” saying it doubled the company’s reserves and production base. Importantly, it also gave Meren full control over financial decision-making at Prime, which holds key assets in Nigeria, including the Agbami, Egina, and Akpo fields operated by Chevron and TotalEnergies. He confirmed that Meren has declared its fourth quarterly dividend for 2025, totalling approximately $25 million and bringing the full-year distribution to $100 million. The company also reduced its outstanding OPL debt facility as part of its strategy to maintain a robust balance sheet and minimize interest expenses. Discussing growth, Amini said: “We try to secure our organic growth opportunities without stretching the balance sheet.” He pointed to Namibia’s Venus development, where TotalEnergies will fund Meren’s share through to first production, as a prime example. Looking ahead to 2026, Amini highlighted exploration opportunities in Namibia, South Africa, and Equatorial Guinea, noting that success in these regions could be transformational for the company’s reserve base and future production outlook. Watch the full video for more insights. For more interviews, visit Proactive’s YouTube channel. Don’t forget to like this video, subscribe to the channel, and turn on notifications for updates. #MerenEnergy #OilAndGas #DividendStocks #PrimeAmalgamation #NigeriaOil #NamibiaExploration #SouthAfricaEnergy #EquatorialGuinea #EnergyInvesting #ProactiveInvestors