Monumental Energy Corp. Announces Successful Proprietary Development of Chemicals to Achieve Increased Oil Production and Flow Stability in the Taranaki Basin, New Zealand

Monumental Energy Corp. and operational partner NZEC have successfully developed a proprietary crystal engineering chemical formula designed to increase oil production and stabilize daily flow rates in New Zealand’s Taranaki Basin. Developed in partnership with Austin-based 13 Specialty Chemicals Ltd., the formula maintains crude oil in a liquid state from approximately 38° API down to 16° API, reducing wax buildup around pumps and improving flow rates. The system is engineered to restore pumpability within 24–48 hours, stabilize flow conditions within 7 days, and optimize treatment costs within 30 days without requiring permanent infrastructure changes.

The company will proceed to confirm pilot locations, finalize formulations, and deploy a field pilot, with plans to monetize the exclusive formula by selling it to other producers operating in the basin. This announcement follows a series of successful workover and production updates in March 2026, which highlighted strong initial flows from the Ngaere and Waihapa wells.

Monumental Energy Corp. (MNRG) announced a technical optimization step that addresses known operational challenges, including wax buildup and flow instability, in the Taranaki Basin. This development serves as a logical follow-up to the company’s March 2026 production updates. While the potential to monetize the chemical to third parties offers a positive incremental revenue stream, the initiative remains in the pilot phase and lacks near-term financial quantification. The announcement does not materially alter the company's capital requirements or production guidance, as the primary focus remains on executing the existing workover pipeline.

Monumental Energy Corp. has shifted its business model from mineral exploration to oil and gas royalty and workover investments, concentrating primarily on the Taranaki Basin in New Zealand. This strategic pivot follows the termination of the Laguna lithium project in Chile in December 2025, marking a full transition toward New Zealand’s energy sector.

The company’s flagship assets include the Copper Moki wells (CM-1 and CM-2), which resumed production in mid-2025. Additionally, Monumental is executing a portfolio of workover projects, including Ngaere-1, Ngaere-2, and Waihapa H1, in partnership with New Zealand Energy Corp. (NZEC) and L&M Energy. Under the terms of its agreements, the company earns a 75% royalty on production until its initial capital is recovered, after which the royalty rate decreases to 25% for the remainder of the wells' lives.