Business
Monumental Energy Provides Update on Copper Moki Wells and Investment in New Zealand Energy Corp.
VANCOUVER, British Columbia, August 19, 2025--Monumental Energy Corp. ("Monumental" or the "Company") (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to provide an operational update on the producing Copper Moki oil and gas wells and to report on its investment in New Zealand Energy Corp. (TSXV: NZ) ("NZEC"), with assets located in the Taranaki Basin, New Zealand.
About this update from Monumental Energy Corp.
[{"type":"image","alt":"Copper Moki 1 and 2 on production","displaySize":"","headline":null,"caption":"Copper Moki 1 and 2 on production","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":360,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/6822f1ed52ba46bff2320107164fe92a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/EWWHn9KUf11xOBeNk6NaMg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTk0MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/6822f1ed52ba46bff2320107164fe92a","width":360,"height":480}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, August 19, 2025--(BUSINESS WIRE)--Monumental Energy Corp. ("Monumental" or the "Company") (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to provide an operational update on the producing Copper Moki oil and gas wells and to report on its investment in New Zealand Energy Corp. (TSXV: NZ) ("NZEC"), with assets located in the Taranaki Basin, New Zealand.","length":414,"tagName":"p"},{"type":"text","content":"Copper Moki Production Update","length":29,"tagName":"p"},{"type":"text","content":"The Copper Moki-1 well was successfully recompleted in late July 2025, with production commencing shortly thereafter. Both Copper Moki-1 and Copper Moki-2 have been onstream for almost a month delivering a combined production rate of approximately 125 barrels of oil per day ("bopd"). These rates continue to trend upward as pump speeds are gradually increased to optimize flow while preventing sand from entering the borehole.","length":437,"tagName":"p"},{"type":"text","content":"In addition to oil production, both wells are now exporting associated gas to the neighbouring Waihapa Production Station for processing and sale. Oil is stored on site and trucked to port every two days, with the next shipment scheduled for September 20, 2025.","length":261,"tagName":"p"},{"type":"text","content":"Monumental entered into its agreement with NZEC in late 2024 (see the Company’s news release dated December 23, 2024), following NZEC’s strategic shift toward a gas-storage-focused business model. Under the terms of the agreement, Monumental will receive a 75% royalty on production until recovery of its initial capital investment, after which the royalty will adjust to 25% for the life of the wells. Cumulative production data (BBL...