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Meren Energy Inc.
11/17/2025
Hello everyone, my name is Sophie and I will be your conference operator today. At this time, I would like to welcome everyone to Mirren's third quarter 2025 results presentation. After the speaker's remarks, there'll be a question and answer session. Please note that at any time, participants on the webcast can submit questions using the questions button on the webcast interface. This event is being recorded and the recording will be available for playback on the company's website. I will now pass the meeting on to Mr. Shaheen Amini, Merin's Head of Investor Relations. Please go ahead, Mr. Amini.
Thank you, Operator. Hello, everyone, and thank you for joining us for Merin's third quarter 2025 results presentation. I am joined today by Roger Tucker, our President and Chief Executive Officer, Aldo Peresini, our Chief Financial Officer, and Oliver Quinn, our Chief Commercial and Operating Officer. We will begin with prepared remarks and then open the floor for questions. Before we start, I would like to remind everyone that this presentation contains forward-looking statements. These are based on current assumptions and expectations and involve risks and uncertainties that may cause actual results to differ materially. You can find a full discussion of these risks in our regulatory filings that are available in CDARplus and on our website. Also, all dollar amounts in this presentation are US dollars, unless otherwise stated. With that, I will now hand over to Roger. Roger, we are ready for you. Please go ahead.
I am pleased to present another strong quarter with continuing delivery on shareholder returns and delivery. The completion of the prime amalgamation marked a step change for Meron and we have now honoured our enhanced dividend policy with the declaration of the fourth quarterly distribution of 25 million US dollars, taking the total payout for 2025 to 100 million US dollars. So together with our share buybacks year to date, We have delivered meaningful shareholder capital returns of approximately 109 million US dollars. We have also materially reduced our outstanding RBL debt amount to underpin a stronger, more agile company that is built to deliver long-term returns and withstand market volatility. These deliverables reiterate the quality of our production assets in Nigeria and the company's financial strength and our disciplined capital management. Maintaining a strong balance sheet continues to be one of our top priorities. Overall, it's been a resilient quarter and we've delivered on what we set out to do, reinforcing our financial position and our commitment to creating long-term value for our shareholders. I'm also pleased to report that we have completed the integration of PRIME and the combined organization is working very well and seamlessly under the Meron banner. I will now hand over for Aldo to give a more detailed commentary on the course's performance.
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