Florї

Humanity above politics. How can so many people act against their own best interests?

[Florї @CharlieFlorimon]

$mer.to $TTE ​"cld make a final investment decision in a few weeks ​for the flagship Venus discovery at the country's Orange basin, Larranaga said.The firm also is pursuing exploration ​in Nigeria, he added"
(Key commercial issues appear largely resolved) https://t.co/cgxFxL8uz7

[Florї @CharlieFlorimon]

$mer.to $TTE
https://t.co/jYzgP5JVLQ

[CGTN America @cgtnamerica]

TOTALENERGIES, PARTNERS COULD MAKE FINAL INVESTMENT DECISION FOR DEEPWATER VENUS OIL PROJECT IN NAMIBIA "IN FEW WEEKS", EXECUTIVE SAYS

[Florї @CharlieFlorimon]

$mer.to $TTE ​"cld make a final investment decision in a few weeks ​for the flagship Venus discovery at the country's Orange basin, Larranaga said.The firm also is pursuing exploration ​in Nigeria, he added"
(Key commercial issues appear largely resolved) https://t.co/cgxFxL8uz7

[Florї @CharlieFlorimon]

@probepres3523 There are several possibilities, and I would rather not speculate on specific assets. For now, I am more focused on the broader message: Meren appears very keen to increase its exposure to Nigeria and is actively looking at opportunities. I expect any deal to be accretive $mer.to

[Florї @CharlieFlorimon]

$MER.TO "near-term sanctionable projects" particularly interesting. Combined with ref to "new opportunities", suggests it may have been about more than routine relationship management. Discussions tied to a larger transaction requiring government support?https://t.co/LZK45qjs7F

[Meren @MerenInc]

🤝 Committed to Nigeria for the Long Term

Last week, Meren Energy's senior leadership were in Abuja for high-level meetings with key Nigerian government and regulatory principals.

Meren is proud to have partnered Nigeria for over 20 years:

🔹 USD 11 billion invested in Nigeria’s oil and gas industry

🔹 USD 4.5 billion paid in royalties and taxes

🔹 The only international independent E&P company with a material deepwater position in the country – partner in three of Nigeria’s top deepwater fields – Agbami, Akpo and Egina

🔹 All licences renewed under the PIA to 2043/2044

There is strong momentum in Nigeria's upstream sector following the government's business-enabling reforms. Meren is ready to invest further: in our existing portfolio; in near-term sanctionable projects; and in new opportunities that support the next phase of Nigeria's industry growth. 🚀

🔗 https://t.co/VQip2I1X8I

🎥 https://t.co/2OUqTw16vx

#MerenEnergy #OilandGas #Nigeria #NUPRC #NNPC #Africa

[Florї @CharlieFlorimon]

@ToomasPelberg @oilgastourist By today's standards? Meren's 2026 hedges were put in place before the recent oil price spike and market dislocation. As those hedges are replaced, future collar structures are gradually to be set at materially higher levels, increasing exposure to higher oil prices.

[Florї @CharlieFlorimon]

@ToomasPelberg @oilgastourist They have roughly two-thirds of their remaining 2026 production unhedged, and the hedges that are in place are structured as wide collars, which is very different from having already sold the oil at fixed prices. $mer.to

[Florї @CharlieFlorimon]

@CernockyJa862 Ahh well… someone through Stifel Nicolaus seems to be a believer in a hurry: +3M shares accumulated in May alone. $MER.to

[Florї @CharlieFlorimon]

Interesting that Impact’s SA exploration assets are carved out just weeks before expected Venus FID — while HCI/Deepkloof keeps the SA optionality...😉

Possible 2-step sequence?

A cleaned-up Impact (9.5% Venus + AEC) later rolled into $MER.to?!

Let’s see what happens by July.

[Florї @CharlieFlorimon]

now Stifel Nicolaus buyer: up to ~8.5M shares accumulated $MER.to

[Florї @CharlieFlorimon]

The mysterious Stifel Nicolaus buyer: now up to ~7.5M shares accumulated, including ~2.3M in May alone. By now likely the third-largest holder after BTG Pactual and Cobas. Still quietly absorbing stock while others focus elsewhere. $MER.to

https://t.co/xXKRaoSxvz

[Florї @CharlieFlorimon]

$MER.to The Stifel Nicolaus buyer is at it again — top buyer today (111K) and still accumulating.
Bought ~5.7M shares during Feb–May, quietly absorbing supply along the way.
https://t.co/LXjM5LRRSe

[Florї @CharlieFlorimon]

@NachoTrust @energyrealist spot + premium of roughly +$2 to +$4/bbl but similar oil grade, like Bonny Light has recently been trading at a strong premium to Brent, with reports in May 2025 showing roughly +$14/bbl over Brent during tight light-sweet crude conditions.

[Energy Realist @energyrealist]

Updates on $MER.TO hedging from my prior analysis (will link below in comments). 'Post-tax net entitlement' requires analysis and thinking :) to unlock to CFO provided guidance relative to total production below - 40% hedged for rest of 26.

[Florї @CharlieFlorimon]

By this key sentence, $MER.to CEO in todays call signals this is about who the EG-18 farm-in partner will be not if there will be one. They already take it for granted: “I think there is some flexibility around the operatorship depending which way it goes in terms of partners.”

[Florї @CharlieFlorimon]

One week until the last day to buy shares and still receive the dividend. X-day is 21 May 2026.

$MER.to will hold a conference call today on Wednesday, May 13, 2026, at 09:00 (ET) / 14:00 (BST) / 15:00 (CET).

Link to register for the live webcast:

https://t.co/Xu48Bvr6Mb

[Florї @CharlieFlorimon]

180K bought, none sold.

[Florї @CharlieFlorimon]

$MER.to The Stifel Nicolaus buyer is at it again — top buyer today (111K) and still accumulating.
Bought ~5.7M shares during Feb–May, quietly absorbing supply along the way.
https://t.co/LXjM5LRRSe

[Florї @CharlieFlorimon]

$MER.TO

The buyer behind Stifel is active again.

With today’s +112,600 shares, Stifel has bought ~2.32M in April so far and ~5.01M since Feb.

This is deliberate accumulation — and it’s not slowing down.

https://t.co/7piZsLvIUt

[Florї @CharlieFlorimon]

Now 157K

[Florї @CharlieFlorimon]

Now 130k