New Zealand Energy, Monumental close financing deal

Executive Summary

• New Zealand Energy Corp. closed a definitive financing agreement with Monumental Energy Corp., effective Jan 12 2026, covering its 50 % interest in licences PML 38140 and PML 38141 in onshore Taranaki.
• Under the deal, Monumental will fund New Zealand Energy’s share of mutually‑agreed workover projects to boost oil and gas production; in return, Monumental receives a project‑specific royalty (75 % of net receipts until funded costs are recovered, then 25 %).

Key Details

• Agreement Parties: New Zealand Energy Corp. (50 % licence holder) and Monumental Energy Corp.
• Effective Date: Jan 12 2026.
• Licences Covered: PML 38140 and PML 38141, onshore Taranaki, New Zealand.
• Financing Scope: Funding of New Zealand Energy’s share of mutually‑agreed workover projects aimed at increasing oil and gas production from the licences.
• Royalty Structure:
• Monumental receives 75 % of net receipts payable quarterly until its financed costs are fully recovered.
• After cost recovery, Monumental receives a continuing royalty of 25 % of net receipts.
• Conditions Precedent: Royalty becomes effective upon satisfaction of all conditions precedent and commencement of production.

Notable Quotes

(No CEO/President quotes were provided in the release.)