Monumental Energy restarts commercial production at Waihapa H1 well in New Zealand

Reuters03-16

Monumental Energy restarts commercial production at Waihapa H1 well in <a href="https://laohu8.com/S/NZERF">New Zealand</a>

Monumental Energy said it restarted commercial production from seven perforations in the Mount Messenger formation at the Waihapa H1 well in New Zealand’s onshore Taranaki Basin. The company said oil is being sent by pipeline to the Waihapa production facility, located within 100 m of the well. Monumental said the Waihapa H1 well was drilled in 2008 and previously produced more than 1,500 barrels per day from the lower Tikorangi formation. It said associated gas from Waihapa H1 is being processed at about 1 TJ and sold into the market. Monumental said New Zealand natural gas prices are about USD 10 to USD 15 per MCF.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Monumental Energy Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603160700BIZWIRE_USPR_____20260316_BW504148) on March 16, 2026, and is solely responsible for the information contained therein.

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