WI production 28.4 kboepd, above full-year guidance rangeEBITDAX USD 100.2m (vs. cons. USD 90m), which includes USD 40.8m non-recurring gas revenue from PML 2/3 agreement amendmentOnly one lifting in the quarter at a realised oil price USD 63.7/bbl in Q1 (sold in February)Guidance unchanged and USD 25m quarterly dividend maintainedRBL refinanced: Commitments increased to USD 600m (accordion USD 1bn), maturity extended to March 2032Venus Phase 1 on track for FID by YE-26Neutral report
13 May 2026
Arctic FLASH: Meren Energy - Strong production, weak price realization, unchanged guidance
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Arctic FLASH: Meren Energy - Strong production, weak price realization, unchanged guidance
Meren Energy Inc. (MER:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
13 May 2026 -
Author:
Daniel Stenslet -
Pages:
11 -
WI production 28.4 kboepd, above full-year guidance rangeEBITDAX USD 100.2m (vs. cons. USD 90m), which includes USD 40.8m non-recurring gas revenue from PML 2/3 agreement amendmentOnly one lifting in the quarter at a realised oil price USD 63.7/bbl in Q1 (sold in February)Guidance unchanged and USD 25m quarterly dividend maintainedRBL refinanced: Commitments increased to USD 600m (accordion USD 1bn), maturity extended to March 2032Venus Phase 1 on track for FID by YE-26Neutral report