MONUMENTAL ENERGY PROVIDES UPDATE ON THE COPPER MOKI-1 OIL AND GAS WELLIN NEW ZEALAND

Monumental Energy Corp. has announced positive progress on the workover operations at its Copper Moki-1 (CM-1) oil and gas well located in New Zealand's Taranaki Basin. This represents the second workover in the company's broader Copper Moki campaign, demonstrating continued operational activity in this established hydrocarbon province.

The primary objective of the CM-1 workover is to restore oil and associated gas production from the Mt. Messenger formation, a known productive horizon in the Taranaki Basin. The company is also working to remove flow restrictions that have been impacting well performance, which could potentially unlock additional production capacity from this existing asset.

This workover activity is significant as it represents Monumental Energy's efforts to optimize production from its New Zealand operations. The Taranaki Basin is a mature hydrocarbon province with established infrastructure, making workover operations potentially cost-effective methods to restore or enhance production. Success in restoring flow from the Mt. Messenger sands could provide near-term production increases and cash flow generation for the company.

The progress update suggests that Monumental Energy is actively managing its portfolio of producing assets and investing in production optimization. For a junior energy company, successful workover operations can provide immediate production benefits while requiring lower capital investment compared to new drilling programs, making this a strategic approach to asset development.