Latest news with #gasmonetization
National Post
21-07-2025
- Business
- National Post
Monumental Energy Restores Commercial Production at Copper Moki Field, New Zealand
Article content VANCOUVER, British Columbia — Monumental Energy Corp. (' Monumental ' or the ' Company ') (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to announce the successful restart of commercial production from both the Copper Moki-1 and Copper Moki-2 wells, located in the prolific Taranaki Basin, New Zealand. Article content Following completion of the strategic workovers, both wells are now online and producing at stable rates—100 barrels of oil per day (bopd) from CM-1 and 75 bopd from CM-2, and with rates continuing to increase on a daily basis. The new pump systems are designed for long-term performance and provide the flexibility to increase output further during flush production and future ramp-up period. As the pumps are performing as anticipated, both will be turned up to produce above the rated pump to test maximum capacity. Article content Note that flush production from both wells combined could be more than 300 bopd, as it was previously as high as 300 bopd after the last pump replacement at Copper Moki-2 alone at the time of the original drilling program at Copper Moki a few years ago. Multiple Revenue Catalysts Unlocked: Article content High-Margin Gas Monetization: The gas produced at Copper Moki is now tied into regional infrastructure, allowing Monumental to capitalize on New Zealand gas prices of US$15–20 per MMBtu—among the highest globally. Gas production numbers will be released in the coming weeks. Royalty Revenue: Monumental earns a 25% royalty on all oil and gas sales after the recovery of initial capital (at 75% of net revenue payback rate) 1. Immediate Cash Flow Potential: With both wells operating, the Company anticipates near-term, high-margin cash flow from Copper Moki with no further capital deployment required and the royalty structure to be in effect (as noted above). Operating rates and numbers will be known in the coming weeks and months. Article content Cumulative flush production data—including barrels of oil (BBL), barrels of oil equivalent (BOE), and associated gas volumes—will be reported in the coming weeks. Article content Max Sali, VP Corporate Development and Director comments: 'The successful restart of Copper Moki reinforces the strategic value of our pivot into oil and gas—particularly given today's strong commodity prices. It's a move that not only strengthens our near-term revenue profile but also positions us to pursue additional high-impact opportunities with our trusted partners at New Zealand Energy.' About Monumental Energy Corp. Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and development of properties in the critical and clean energy sector, as well as investing in oil and gas projects. The Company owns securities of New Zealand Energy Corp. and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy Corp. The Company also has an option to acquire a 75% interest and title to the Laguna cesium-lithium brine project located in Chile. The Company holds a 2% net smelter return royalty on Summit Nanotech's share of any future lithium production from the Salar de Turi Project. Article content On behalf of the Board of Directors, Article content Michelle DeCecco, Article content CEO Article content Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Article content Forward Looking Information Article content This news release contains 'forward‐looking information or statements' within the meaning of applicable securities laws, which may include, without limitation, the expected production results of oil and gas from Copper Moki 1 & 2, the potential outcomes and timing of results from Copper Moki 1 &2, potential other oil and gas transactions, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and the price of oil and gas, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company's profile on SEDAR+ at While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company's ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss of key employees, consultants, or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law. Article content Article content Article content Article content Contacts Article content Michelle DeCecco Article content , Chief Executive Officer and Director Article content Article content Email: Article content Article content Article content
Zawya
15-05-2025
- Business
- Zawya
IAE 2025: Africa urged to end billion-dollar gas flaring with scalable infrastructure solutions
PARIS, France -- In a continent striving for energy access and industrial development, Africa continues to lose billions of dollars in potential revenue by flaring its natural gas – a practice that remains entrenched largely due to infrastructure shortfalls and outdated economic incentives. Speaking at a presentation on 'Flare Gas Utilization: The Importance of Mid-Scale Integrated Gas Commercialization Solutions,' Nmesoma Okereke, Sales Manager and Flare Gas Recovery Specialist at Neuman & Esser, underscored the urgency of addressing this paradox through modern, scalable gas monetization strategies. 'The most important reason for gas flaring is a lack of infrastructure, but also cost inefficiencies,' said Okereke. 'In the past, it was more economically feasible to flare gas than develop or commercialize the gas. That is no longer the case with the rise of innovative gas solutions.' Three of the world's top nine gas-flaring countries are in Africa, said Okereke, collectively responsible for an estimated 60% of the continent's gas flaring. Nigeria alone flared roughly 193 billion cubic feet of gas in 2024, while producing 2.5 trillion cubic feet of gas. That volume of wasted gas represents a market value of $1 billion – at a time when around 40% of the country's population lacks access to electricity. Nigeria's case study illustrates the dual challenge of wasted resources and unmet energy demand. According to Okereke, Nigeria needs five times its current domestic gas supply to reach its goal of 30 GW of power by 2030. With flaring becoming less economically justifiable due to emerging technologies and modular gas utilization options, Okereke emphasized the need to shift toward mid-scale integrated solutions that can bridge the infrastructure gap and bring gas to market more quickly and efficiently. Distributed by APO Group on behalf of Energy Capital & Power. SOURCE Energy Capital & Power
Zawya
15-05-2025
- Business
- Zawya
Invest in African Energy (IAE) 2025: Africa Urged to End Billion-Dollar Gas Flaring with Scalable Infrastructure Solutions
In a continent striving for energy access and industrial development, Africa continues to lose billions of dollars in potential revenue by flaring its natural gas – a practice that remains entrenched largely due to infrastructure shortfalls and outdated economic incentives. Speaking at a presentation on 'Flare Gas Utilization: The Importance of Mid-Scale Integrated Gas Commercialization Solutions,' Nmesoma Okereke, Sales Manager and Flare Gas Recovery Specialist at Neuman&Esser, underscored the urgency of addressing this paradox through modern, scalable gas monetization strategies. 'The most important reason for gas flaring is a lack of infrastructure, but also cost inefficiencies,' said Okereke. 'In the past, it was more economically feasible to flare gas than develop or commercialize the gas. That is no longer the case with the rise of innovative gas solutions.' Three of the world's top nine gas-flaring countries are in Africa, said Okereke, collectively responsible for an estimated 60% of the continent's gas flaring. Nigeria alone flared roughly 193 billion cubic feet of gas in 2024, while producing 2.5 trillion cubic feet of gas. That volume of wasted gas represents a market value of $1 billion – at a time when around 40% of the country's population lacks access to electricity. Nigeria's case study illustrates the dual challenge of wasted resources and unmet energy demand. According to Okereke, Nigeria needs five times its current domestic gas supply to reach its goal of 30 GW of power by 2030. With flaring becoming less economically justifiable due to emerging technologies and modular gas utilization options, Okereke emphasized the need to shift toward mid-scale integrated solutions that can bridge the infrastructure gap and bring gas to market more quickly and efficiently. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
14-05-2025
- Business
- Zawya
Africa Rallies for Gas-Driven Growth at Invest in African Energy (IAE) 2025
African energy leaders kicked off the Invest in African Energy (IAE) 2025 Forum in Paris with a resounding call for deeper cross-border collaboration, strategic gas monetization and inclusive national development policies, signaling a united front in shaping Africa's energy future. Leading the charge, NJ Ayuk, Executive Chairman of the African Energy Chamber, lauded the successful execution of the Greater Tortue Ahmeyim (GTA) gas project by Mauritania and Senegal – which loaded its first LNG cargo last month – as a model for regional cooperation. 'No country has been able to do cross-border projects like Mauritania and Senegal. They showed that it is possible in Africa to come together and do cross-border collaboration,' he said, emphasizing that regionalism and pragmatism must outweigh isolationist tendencies. 'Resource nationalism slows down projects.' Technip Energies' Chief Business Officer, Marco Villa, echoed Ayuk's sentiment on the continent's energy potential, calling natural gas a 'strategic driver' rather than just a tradable commodity. 'Resources alone are not enough – the real opportunity is transforming this potential into sustainable, prosperous and inclusive growth,' said Villa. 'We believe natural gas is more than a commodity – it is a strategic driver for countries and for Africa – in terms of industrialization, energy security and global integration.' Villa stressed the importance of both large-scale export infrastructure and domestic gas valorization, positioning gas as a dual solution for global competitiveness and local economic development. 'While exports are important, local valorization of gas is equally crucial. Africa cannot only be an exporter of gas – gas can be a lever for domestic transportation, power generation, enabling petrochemical industries, modernizing refineries and supporting agribusiness.' Petroleum Commissioner at Namibia's Ministry of Mines and Energy, Maggy Shino, highlighted Namibia's rapid emergence as a global hydrocarbon hotspot, following massive offshore discoveries from Shell, TotalEnergies, Galp and Rhino Resources in the deepwater Orange Basin. 'Namibia has emerged as one of the world's most exciting hydrocarbon frontiers… These discoveries are among the largest of our decade. With more than 80% of our offshore unexplored, Namibia is not only a frontier – it's a first mover advantage waiting to be seized,' said Shino. She also emphasized Namibia's commitment to fast-tracking development and fostering a responsible investment environment, highlighting the ongoing development of the National Upstream Petroleum Local Content Policy as a key step toward embedding local content from the outset. 'This policy is more than a regulation for us. It's a platform to align global expertise with Namibian empowerment. We are actively engaging industry stakeholders to create a framework that balances skill development, supplier integration and the upliftment of Namibian citizens with operational efficiency.' Meanwhile, Anibor Kragha, Executive Secretary of the African Refiners&Distributors Association, cautioned against overdependence on petroleum imports and underscored the urgency of building domestic refining capacity and storage resilience. 'If you're going to maximize your returns, then you have to run the full value chain and refine… What happens to Africa if we cannot import a single petroleum product for 30 days? How many countries have strategic storage beyond two weeks?' said Kragha. 'Africa's energy boom is not just about oil and gas.' The opening keynotes set the tone for a forward-looking IAE 2025 agenda – one centered on transforming Africa's resource wealth into tangible, inclusive and strategically driven development. The forum continues in Paris through May 14. Distributed by APO Group on behalf of Energy Capital&Power.
