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StocksMedium•30 March 2026•

1 min read

Monumental Energy Reports Better-Than-Expected Production at Ngaere-2 Well

Key Facts

1The Ngaere-2 well recorded an initial flush production of 3,000 barrels and a stable unstimulated flow rate of 300 barrels per day.

2The company currently has four wells online: Copper Moki-1, Ngaere 1 and 2, and Waihapa H1.

3The results at Ngaere-2 were better than anticipated and the well is located within a 4km radius of other production wells.

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3 additional sources confirmed this story

Monumental Energy Corp. (MNRG) has announced successful production results from its Ngaere-2 well, which significantly exceeded initial company expectations. The well recorded an initial flush production of 3,000 barrels and has maintained a stable, unstimulated flow rate of 300 barrels per day. This development brings the company's total number of active wells to four, including Copper Moki-1, Ngaere 1 and 2, and Waihapa H1. Located within a 4km radius of existing production facilities, the Ngaere-2 well benefits from proximity to established infrastructure and operational synergies. The positive data from this testing phase highlights the potential for increased output across the company's portfolio. Investors are viewing this as a strong signal of growth in Monumental Energy's operational footprint within the energy sector.