Africa Oil changes name to Meren
Africa Oil unveiled its new brand identity with a change of name to Meren Energy Inc. The name Meren is derived from an old nautical term representing the mooring of a vessel as it docks.
The company’s rebranding follows the recent completion of its Prime consolidation. Its common shares will trade under the new symbol MER on the TSX and Nasdaq OMX Stockholm. There is no change in the capitalization of the company.