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Posted by
Two Blokes May 16 -
Filed in
Stock
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3 views
Africa Oil (soon Meren Energy) delivers strong Q1 2025 results, reducing net debt and maintaining a double-digit dividend yield. Core Nigerian operations generate robust cash flow, while exploration in Namibia's Venus Field offers long-term upside but won't replace current production soon. Guidance for 2025 is conservative, but projected free cash flow comfortably covers the dividend and supports ongoing debt reduction.
