07:32 AM EDT, 05/15/2025 (MT Newswires) -- Africa Oil ( AOIFF ) on Thursday said it is changing its name to Meren Energy.

The upstream oil and gas company said its common shares will trade under the new symbol 'MER' on the TSX and Nasdaq OMX Stockholm as of close of business on Friday. The CUSIP/ISIN of its shares will change to 588914101/CA5889141019 and the first day of trading on Nasdaq Stockholm will be May 19 and on the Toronto Stock Exchange it will be May 20.

"Over the last couple of years, we have worked diligently to enhance our investment proposition by simplifying the structure of the business and gaining more direct interests in our large-scale and high-netback assets in deepwater Nigeria," said Africa Oil's ( AOIFF ) Chief Executive Officer Roger Tucker. "The business model has also evolved considerably over the past few years; moving away from being exploration led to being a full-cycle E&P underpinned by strong cash flow generation that supports our commitment to meaningful shareholder returns."