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Zacks Company Profile for Meren Energy Inc. (MRNFF : OTC)

• Company Description    Meren Energy Inc. is a full-cycle independent upstream oil and gas company with principal interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria operated by Majors. Meren Energy Inc., formerly known as Africa Oil Corp., is based in VANCOUVER, BC. Number of Employees:

• Price / Volume Information    Yesterday's Closing Price: $1.48 Daily Weekly Monthly 20 Day Moving Average: 116,437 shares Shares Outstanding: 676.11 (millions) Market Capitalization: $1,003.02 (millions) Beta: 0.32 52 Week High: $1.85 52 Week Low: $1.19 Short Interest Ratio:   % Price Change % Price Change Relative to S&P 500 4 Week -3.98% -4.61% 12 Week 3.02% -2.84% Year To Date 13.24% -0.06%

• Address & Contact Information Street Address Phone / Fax Email Address Web URL 666 BURRARD STREET 25TH FLOOR SUITE 2500 - VANCOUVER,A1 V6C 2X8 CAN ph: 208-017-1511 fax: 604-689-4250 info@mereninc.com https://mereninc.com

• General Corporate Information    Officers Oliver Quinn - Chief Executive Officer; President and Director Huw Jenkins - Chairman of the Board Michael S. Ebsary - Director Cheryl Sandercock - Director Edwyn Neves - Director Peer Information - (-) - (-) - (-) - (-) - (-) - (-) Industry / Sector / Ticker Info Analyst Coverage: No Industry Group: Other Alt Energy Sector: Oils/Energy CUSIP: 588914101 SIC: 1382 Fiscal Year Fiscal Year End: December Last Reported Quarter: 06/01/26 Next Expected EPS Date: 11/12/26 Share - Related Items Shares Outstanding: 676.11 Most Recent Split Date: (:1) Beta: 0.32 Market Capitalization: $1,003.02 (millions)

• EPS Information     • Dividend Information Analyst Coverage: No Dividend Yield: 10.00% Current Fiscal Quarter EPS Consensus Estimate: $0.07 Indicated Annual Dividend: $0.15 Current Fiscal Year EPS Consensus Estimate: $0.13 Payout Ratio: 2.12 Number of Estimates in the Fiscal Year Consensus: 1.00 Change In Payout Ratio: 0.60 Estmated Long-Term EPS Growth Rate: % Last Dividend Paid: 08/20/2026 - $0.04 Next EPS Report Date: 11/12/26

• Fundamental Ratios P/E Current FY Estimate: 11.41 Trailing 12 Months: 21.19 PEG Ratio: - Price Ratios Price/Book: 1.42 Price/Cash Flow: 3.55 Price / Sales: 1.38 EPS Growth vs. Year Ago Period: -% vs. Previous Quarter: 350.00% Sales Growth vs. Year Ago Period: 183.84% vs. Previous Quarter: 72.09% ROE 09/30/26 - - 06/30/26 - 5.05 03/31/26 - 1.21 ROA 09/30/26 - - 06/30/26 - 1.95 03/31/26 - 0.46 Current Ratio 09/30/26 - - 06/30/26 - 1.14 03/31/26 - 1.26 Quick Ratio 09/30/26 - - 06/30/26 - 0.75 03/31/26 - 0.95 Operating Margin 09/30/26 - - 06/30/26 - 5.29 03/31/26 - 1.63 Net Margin 09/30/26 - - 06/30/26 - -13.20 03/31/26 - -20.78 Pre-Tax Margin 09/30/26 - - 06/30/26 - 0.22 03/31/26 - -7.67 Book Value 09/30/26 - - 06/30/26 - 1.04 03/31/26 - 1.03 Inventory Turnover 09/30/26 - - 06/30/26 - 6.46 03/31/26 - 5.64 Debt-to-Equity 09/30/26 - - 06/30/26 - 0.41 03/31/26 - 0.53 Debt-to-Capital 09/30/26 - - 06/30/26 - 29.29 03/31/26 - 34.78

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