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.
Follow-Up Questions
Who is the CEO of Meren Energy Inc?
Dr. Roger Tucker is the President of Meren Energy Inc, joining the firm since 2023.
What is the price performance of AOIFF stock?
The current price of AOIFF is $1.21, it has decreased 0% in the last trading day.
What are the primary business themes or industries for Meren Energy Inc?
Meren Energy Inc belongs to Energy industry and the sector is Energy
What is Meren Energy Inc market cap?
Meren Energy Inc's current market cap is $817.3M
Is Meren Energy Inc a buy, sell, or hold?
According to wall street analysts, 7 analysts have made analyst ratings for Meren Energy Inc, including 3 strong buy, 3 buy, 1 hold, 0 sell, and 3 strong sell
