Monumental Energy Corp. (锟組onumental锟� or the 锟紺ompany锟�) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to announce the mobilization of the operations crew from the Ngaere-1 well to the Waihapa H1 well, located only a few kilometres away, in partnership with New Zealand Energy Corp. (锟絅ZEC锟�) and L&M Energy Ltd. (锟絃ME锟�) (collectively, the 锟絇artnership锟�) (see the Company锟絪 news releases dated January 13, 2026 and March 5, 2026).
NZEC holds a 50% interest in Petroleum Mining Licences PML 38140 and PML 38141 (together, the 锟絃icences锟�) located in the onshore Taranaki Basin, New Zealand, pursuant to a joint operating agreement between NZEC and LME.
The Partnership enables Monumental to participate in mutually agreed-upon appraisal and development workover projects with NZEC aimed at increasing oil and gas production from the area covered by the Licences. The parties have selected the Waihapa H1 well as the next project under the Partnership.