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Meren CEO outlines Nigerian drilling push after strong quarter

Meren CEO outlines Nigerian drilling push after strong quarter

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 Meren Energy Inc (TSX:MER, STO:MER, OTCQX:MRNFF) CEO Dr Oliver Quinn spoke with Proactive's Stephen Gunnion about strong third-quarter financial results, renewed drilling activity in Nigeria and plans to accelerate operations during 2027. Meren reported quarterly EBITDA of more than $110 million and free cash flow of $59 million, with higher commodity prices supporting performance. Cumulative EBITDA for the first nine months also exceeded the company's full-year 2025 total, despite slightly lower production. Quinn explained that Meren's return to drilling follows an 18-month pause, which allowed its joint venture to assess new subsurface data and complete engineering work. A rig is now testing exploration potential before moving on to infill wells aimed at supporting near-term production. Further activity is planned at another Nigerian field, with two rigs expected to be operating during 2027. The CEO also discussed opportunities to appraise discovered resources and connect them to existing infrastructure, alongside the company's disciplined approach to capital allocation. Meren reduced net debt by approximately $27 million during the quarter, maintained net debt to EBITDA at around 0.5 times and reported liquidity above $300 million. Quinn outlined how the company intends to balance investment in production growth with financial resilience and the potential for rapid returns from infill drilling and well workovers. For more oil and gas company interviews, energy market updates and investor insights, visit Proactive's YouTube channel. Don't forget to give this video a like, subscribe to the channel and enable notifications for future content. Read Proactive’s Editorial Policy here: https://www.proactiveinvestors.com/pages/editorialPolicy #Meren #OilAndGas #NigeriaOil #OliverQuinn #OilProduction #NigeriaEnergy #OilExploration #OilDrilling #EnergyStocks #EBITDA #FreeCashFlow #EnergyInvestment #OilAndGasInvesting #ProactiveInvestors
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