MONUMENTAL ENERGY ANNOUNCES COMMENCEMENT OF COPPER MOKI WORKOVERS IN NEW ZEALAND

Monumental Energy Corp. has initiated workover operations at its Copper Moki-1 and Copper Moki-2 wells in the Taranaki Basin of New Zealand, marking a significant operational milestone for the company's international energy portfolio. The workover program is being executed in collaboration with New Zealand Energy Corp., demonstrating the strategic partnership approach the company is taking to optimize its offshore assets.

The Copper Moki project represents Monumental's key international energy asset outside of North America, positioned in the prolific Taranaki Basin which has been a cornerstone of New Zealand's oil and gas production for decades. Workover operations typically involve re-entering existing wells to enhance production rates, test different reservoir zones, or evaluate additional hydrocarbon potential that may have been bypassed during initial drilling and completion operations.

The commencement of these workovers signals Monumental's commitment to maximizing value from its existing well infrastructure rather than pursuing more capital-intensive new drilling programs. This approach is particularly strategic in the current energy market environment where operators are focused on optimizing existing assets and improving capital efficiency. The partnership with New Zealand Energy Corp. also provides operational expertise and cost-sharing benefits that can enhance project economics.

For the broader energy sector, this development reflects the ongoing trend toward asset optimization and international diversification among Canadian energy companies. The Taranaki Basin's established infrastructure and regulatory framework make it an attractive jurisdiction for international operators seeking stable, long-term energy development opportunities outside traditional North American markets.