The post Meren Energy CEO Talks Of Solid Investor Returns appeared on BitcoinEthereumNews.com.

The Egina Floating Production Storage and Offloading installation in Nigeria. Meren Energy, October 2025 Independent oil and gas company Meren Energy (TSX: MER, OTCMKTS: AOIFF) has a new name, ownership structure and strategy, but an old objective of delivering solid investor returns that will never change, according to its boss. The Toronto-listed company changed its name to Meren Energy from Africa Oil in May, and for chief executive officer Roger Tucker it is all linked to a “wider evolution” focused on providing value for its investors. “Historically, as Africa Oil, we had an interesting portfolio of assets including holdings in small-scale explorers. But they were held in a very complex ownership structure. It was almost as if we were a fund manager with energy assets under management. This quite frankly made a company like ours with good cashflow and yielding assets a bit difficult to understand,” Tucker said in an exclusive interview. Therefore, in the CEO’s own words, a spot of “strategic housekeeping” was necessary to streamline the portfolio. Tucker took over the CEO’s chair two years ago to do precisely that. The biggest of these changes came about in March, when the company completed the consolidation of Prime Oil & Gas, acquiring Brazilian finance and investment house BTG Pactual’s remaining stake to gain 100% ownership of it. “We believe the move significantly increased our reserves and production from high-quality Nigerian offshore assets, helped implement a new dividend policy targeting $100 million annually, and set us on a better value creation path for investors.” And as part of the transformation BTG Pactual then took a 35% stake in the consolidated company, bringing its domain expertise of investing in resource rich Latin America to the partnership. Name Of The Game The entry of BTG Pactual as its largest shareholder gave the…

---

Filed under: News - @ October 9, 2025 4:28 pm