Monumental Energy to Partner on the Maata Oil Field Located Onshore in the Taranaki Region Near Two Production Facilities

is an exploration company focused on the acquisition, exploration, and development of oil and gas properties in New Zealand’s onshore and offshore Taranaki Basin, with current ...

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Monumental Energy to Partner on the Maata Oil Field Located Onshore in the Taranaki Region Near Two Production Facilities Monumental Energy to Partner on the Maata Oil Field Located Onshore in the Taranaki Region Near Two Production Facilities Monumental Energy to Partner on the Maata Oil Field Located Onshore in the Taranaki Region Near Two Production Facilities Monumental Energy to Partner on the Maata Oil Field Located Onshore in the Taranaki Region Near Two Production Facilities Monumental Energy Corp.

(“ Monumental ” or the “ Company ”) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to announce that it intends to acquire an ownership stake in the onshore Maata oil field with a consortium of companies including Jetex Energy Limited (the operator), New Zealand Energy Corp.

(“ NZEC ”) and 3TCF Limited, in the onshore Taranaki Basin, New Zealand.

View the full release here: https://www.businesswire.com/news/home/20261014709148/en/ The Maata Prospect in Petroleum Exploration Permit PEP 60742 is mapped as the largest Mount Messenger sandstone target yet identified in a proven productive oil play in the onshore portion of the Taranaki Basin; which has seen several tens of millions of barrels discovered and a number of oil fields profitably developed, including the Ngatoro, Kaimiro, Cheal and Copper Moki fields.

The nearby Copper Moki wells have already produced over a million barrels of oil, the Arakamu-2 well has an untested live oil column, and three re-perforations of existing wells in this interval in the Waihapa/Ngaere area immediately north of Maata (in all three of which Monumental participated) were oil flow successes, with initial production tests at rates of several hundred barrels per day of high value light, sweet oil.

Maata-1 offers the potential to establish a new field with reserve potential in excess of 10 million barrels of oil from the Mount Messenger formation alone plus a considerable amount of associated gas.

Other formations will be tested following and could potentially add millions of additional barrels.

The adjacent Cheal field next door has produced over 15 million barrels.

The specific Maata Prospect has not produced oil or gas and is subject to further technical work including drilling.

Oil and gas hosted on nearby properties is not necessarily indicative of the oil and gas that may be hosted on the Maata Prospect.

A Maata-1 drill site has now been secured, drilling inventory including casing and wellhead are being secured and regulatory drilling consents are in hand.