VANCOUVER, BC, May 19, 2025
/CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Meren Energy Inc.
("Meren" or the "Company") corrects the timetable regarding the
ISIN change on Nasdaq Stockholm. View PDF version
The last day of trading in the current ISIN on Nasdaq Stockholm
will be May 21, 2025, and the first day of
trading in the new ISIN on Nasdaq Stockholm will be
May 22, 2025. The record date regarding the ISIN
change for shares affiliated with Euroclear Sweden will be
May 23, 2025 and the completion date regarding
the ISIN change for shares affiliated with Euroclear Sweden will be
May 26, 2025. Trading on the Toronto Stock
Exchange will commence under the new CUSIP as previously noted at
the open of trading on May 20, 2025.
The Company has also determined to update its record date for
the quarterly dividend announced on May 14, 2025
from May 26, 2025 to May 28,
2025. The payment dates will remain the same as previously
announced, being June 11, 2025 for shares traded
on the Toronto Stock Exchange and June 16, 2025
for shares traded on Nasdaq Stockholm.
This is an administrative matter and shareholders do not need to
take any action.
About Meren
Meren is a full-cycle Independent upstream oil and gas company
with interests offshore Nigeria,
Namibia, South Africa and Equatorial Guinea. Its main assets are
producing and development assets in deepwater Nigeria operated by Majors. The Company holds
a leading position in the Orange Basin including its effective
interest in the Venus light oil project, offshore Namibia, and its direct interest in Block
3B/4B,
offshore South Africa.
Additional Information
This information was submitted
for publication, through the agency of the contact persons set out
above, at 2:00 a.m. EST on
May 19, 2025.
Forward Looking Information
Certain statements and information contained herein constitute
"forward-looking information" (within the meaning of applicable
Canadian securities legislation), including in respect of trading
under the new name Meren Energy Inc. and trading symbols 'MER' on
May 20/22, 2025, creating value and delivering shareholder return,
"forward looking statements") relate to future events or the
Company's future performance, business prospects or
opportunities.
All statements other than statements of historical fact may be
forward-looking statements. Statements concerning proven and
probable reserves and resource estimates may also be deemed to
constitute forward-looking statements and reflect conclusions that
are based on certain assumptions that the reserves and resources
can be economically exploited. Any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, using words or
phrases such as "seek", "anticipate", "plan", "continue",
"estimate", "expect, "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe" and similar expressions) are not statements of historical
fact and may be "forward-looking statements". Forward-looking
statements involve known and unknown risks, ongoing uncertainties
and other factors that may cause actual results or events to differ
materially from those anticipated in such forward-looking
statements, including statements pertaining to dividend
distributions, share repurchase programs, the 2025 Management
Guidance including production, cashflow from operation and capital
investment estimates, performance of commodity hedges, the results,
schedules and costs of exploratory drilling activity, uninsured
risks, regulatory and fiscal changes, availability of materials and
equipment, unanticipated environmental impacts on operations,
duration of the drilling program, availability of third party
service providers and defects in title. No assurance can be given
that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements, except as required by
applicable laws. These forward-looking statements involve risks and
uncertainties relating to, among other things, changes in
macro-economic conditions and their impact on operations, changes
in oil prices, reservoir and production facility performance,
hedging counterparty contractual performance, results of
exploration and development activities, cost overruns, uninsured
risks, regulatory and fiscal changes, defects in title, claims and
legal proceedings, availability of materials and equipment,
availability of skilled personnel, timeliness of government or
other regulatory approvals, actual performance of facilities, joint
venture partner underperformance, availability of financing on
reasonable terms, availability of third party service providers,
equipment and processes relative to specifications and expectations
and unanticipated environmental, health and safety impacts on
operations. Actual results may differ materially from those
expressed or implied by such forward-looking statements.
SOURCE Meren Energy Inc.
