Welcome to our dedicated page for Monumental news (Ticker: MNMRF), a resource for investors and traders seeking the latest updates and insights on Monumental stock.
Monumental Energy Corp (MNMRF) specializes in revitalizing legacy oil assets through innovative financial strategies and operational expertise. This news hub provides investors with essential updates on the company’s progress in energy refurbishment projects, strategic partnerships, and market positioning.
Access real-time announcements about royalty agreement developments, asset optimization milestones, and strategic investments in oil production sector. Our curated collection ensures you never miss critical updates about MNMRF’s unique approach to enhancing existing energy infrastructure.
Explore press releases covering drilling refurbishment initiatives, TSXV/OTCQB regulatory filings, and production efficiency improvements. Each update is vetted for relevance to investors tracking the company’s performance in competitive energy markets.
Bookmark this page for streamlined access to Monumental Energy’s latest developments. Check regularly for authoritative reporting on how MNMRF leverages financial instruments and operational excellence to drive value in energy asset revitalization.
Monumental Energy Corp (MNMRF) has provided an operational update on its Copper Moki 1 & 2 workover wells project in New Zealand's Taranaki basin. The company has invested $345,000 CAD to date, including a recent 70% deposit of $92,000 to contractor RIVAL.
The project timeline indicates that the RIVAL rig will begin setup at Copper Moki-2 during the week of May 12, 2025. The complete workover program for both wells is scheduled for 17 days, with expected completion by May 30, 2025. Upon successful completion, both wells will immediately resume production.
Under the revenue structure, Monumental will initially receive 75% of net revenues from oil and gas sales, later transitioning to a 25% royalty model. The company is also exploring potential new well sites with NZEC near the Waihapa production facility.
Monumental Energy Corp. (MNMRF) provides updates on its New Zealand operations. The Tariki-5A well has intersected target sands 11-meters higher than previous wells, confirming free gas and condensate presence. While peak flow rates exceeded 4mmscf/d, stable rates are around 1 mmscf/d with 25-30 bbls/d of condensate.
The company is advancing its gas storage project, with Stage 1 targeting injection rates of 10-15 mmscf/d and extraction rates of ~30 mmscf/d. The Tariki Gas Field can potentially store 25-40 Bscf of gas, with injection planned for Q4 2025.
At Copper Moki, workover operations are scheduled for April 2025, targeting combined oil rates exceeding 100 stb/oil. The company also received approval to reduce warrant exercise prices from $0.30 to $0.25 for 17,120,284 warrants.
CEO.CA, a leading investor social network platform, featured an interview with Maximilian Sali, VP Corporate Development & Director at Monumental Energy (TSXV: MNRG) (OTCQB: MNMRF) on their 'Inside the Boardroom' series. The discussion covered Monumental Energy's strategic investment in New Zealand Energy Corp., the company's rising share price, and how increasing energy prices are impacting their top line. The interview is available on CEO.CA's YouTube channel.
Monumental Energy Corp (TSXV: MNRG) has received final approval from the TSX Venture Exchange for a non-arm's length call option and royalty agreement. The deal grants Monumental a 25% royalty interest in the refurbishment and restart of two previously producing oil wells owned by New Zealand Energy, known as the Copper Moki wells.
The announcement was made through CEO.CA's 'Inside the Boardroom' interview series, featuring Maximilian Sali, VP Corporate Development & Director of Monumental Energy, discussing the strategic implications of this agreement for the company's expansion into oil and gas production.
FAQ
What is the current stock price of Monumental (MNMRF)?
What is the market cap of Monumental (MNMRF)?
