Financial Post EN

Monumental Energy Announces Perforations Have Commenced at the Waihapa H1 Well

VANCOUVER, British Columbia — Monumental Energy Corp. (“Monumental” or the “Company”) (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. (“NZEC”) and L&M Energy Ltd. (“LME”) […]

Mar 10, 2026 &03051010202631; 11:05 UTC financialpost.com Trending 4/5

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Positive for markets

Sentiment score: +65/100

Moderate impact Short-term (days)

WHAT THIS MEANS

Monumental Energy Corp. has commenced perforations at the Waihapa H1 well in New Zealand, marking progress in its exploration operations. This operational milestone represents advancement in the company's oil and gas development strategy in partnership with NZEC and L&M Energy Ltd.

AI CONFIDENCE

72% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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MNRG

MNRGStock

Expected to rise

Operational progress on Waihapa H1 well perforations signals advancement toward potential production and revenue generation

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ZA6

ZA6Stock

Expected to rise

Frankfurt-listed shares of Monumental Energy benefit from positive operational developments

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MNMRF

MNMRFStock

Expected to rise

OTC-listed shares respond positively to well perforation commencement announcement

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Oil (WTI Crude)

CL=FCommodity

High volatility expected

Oil prices may see minor support from exploration progress, though impact is limited given company size

PRICE HISTORY

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⚡ SUGGESTED ACTION

Monitor MNRG/ZA6/MNMRF for potential upside on successful perforation results and future production updates. Consider entry on any pullback, with stop-loss below recent support levels, as small-cap exploration stocks are volatile and dependent on drilling success rates.

KEY SIGNALS

Operational milestone achieved - perforations commencedMulti-partner collaboration demonstrates project viabilityProximity to previous well (Ngaere-1) suggests operational efficiencyNew Zealand exploration activity in active phase

SECTORS INVOLVED

EnergyOil & Gas ExplorationSmall-Cap Resources

Analysis generated on Mar 11, 2026 at 03:11 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Financial Post. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

Monumental Energy Announces Perforations Have Commenced at the Waihapa H1 Well

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