MONUMENTAL ENERGY ANNOUNCES ADDITIONAL PARTICIPATION IN PRODUCTION-FOCUSED WORKOVERS IN THE TARANAKI BASIN, NEW ZEALAND

Monumental Energy Corp. has announced its strategic participation in four production-focused workover initiatives in New Zealand's Taranaki Basin, marking an expansion of the company's international oil and gas operations. The projects are jointly owned by New Zealand Energy Corp. and L&M Energy, a privately held oil and gas company, with the partnerships held in equal participation arrangements.

The workover projects represent a tactical approach to unlocking additional production from existing well infrastructure in the Taranaki Basin, one of New Zealand's most established hydrocarbon-producing regions. Workovers are typically lower-risk, shorter-cycle investments compared to new drilling programs, offering the potential for relatively quick returns on capital while extending the productive life of existing assets.

This announcement reflects Monumental Energy's continued focus on building a diversified portfolio of production-oriented assets. The Taranaki Basin has a long history of commercial oil and gas production, providing an established regulatory framework and infrastructure that supports development activities. For Monumental, this represents another step in building sustainable cash flow through strategic partnerships in proven hydrocarbon basins.

The participation in these workover projects positions Monumental to benefit from near-term production enhancements while leveraging the operational expertise of its joint venture partners. This strategy aligns with broader industry trends toward optimizing existing assets and maximizing recovery from mature fields, particularly in stable jurisdictions like New Zealand where regulatory and operational risks are well understood.