CEO.CA's Inside the Boardroom: Monumental Energy Acquires 25% Royalty Interest In New Zealand Energy's Copper Moki Oil & Gas Wells
Monumental Energy Corp (TSXV: MNRG) has received final approval from the TSX Venture Exchange for a non-arm's length call option and royalty agreement. The deal grants Monumental a 25% royalty interest in the refurbishment and restart of two previously producing oil wells owned by New Zealand Energy, known as the Copper Moki wells.
The announcement was made through CEO.CA's 'Inside the Boardroom' interview series, featuring Maximilian Sali, VP Corporate Development & Director of Monumental Energy, discussing the strategic implications of this agreement for the company's expansion into oil and gas production.
Monumental Energy Corp (TSXV: MNRG) ha ricevuto l'approvazione finale dalla TSX Venture Exchange per un'opzione di acquisto e un accordo di royalty non in condizioni di mercato. L'accordo concede a Monumental un interesse di royalty del 25% nella ristrutturazione e riavvio di due pozzi petroliferi precedentemente produttivi di proprietà di New Zealand Energy, noti come pozzi Copper Moki.
L'annuncio è stato fatto attraverso la serie di interviste 'Inside the Boardroom' di CEO.CA, con protagonista Maximilian Sali, VP Sviluppo Aziendale e Direttore di Monumental Energy, che discute le implicazioni strategiche di questo accordo per l'espansione dell'azienda nella produzione di petrolio e gas.
Monumental Energy Corp (TSXV: MNRG) ha recibido la aprobación final de la TSX Venture Exchange para una opción de compra y un acuerdo de regalías no en condiciones de mercado. El acuerdo otorga a Monumental un interés de regalías del 25% en la rehabilitación y reinicio de dos pozos de petróleo anteriormente productivos propiedad de New Zealand Energy, conocidos como los pozos Copper Moki.
El anuncio se realizó a través de la serie de entrevistas 'Inside the Boardroom' de CEO.CA, con Maximilian Sali, VP de Desarrollo Corporativo y Director de Monumental Energy, discutiendo las implicaciones estratégicas de este acuerdo para la expansión de la empresa en la producción de petróleo y gas.
모뉴멘탈 에너지 Corp (TSXV: MNRG)는 TSX 벤처 거래소로부터 비시장 가격에 대한 콜 옵션 및 로열티 계약에 대한 최종 승인을 받았습니다. 이 거래는 모뉴멘탈에게 뉴질랜드 에너지가 소유하는 이전의 두 개의 석유 우물인 구리 모키 우물의 재개발 및 재가동에 대해 25%의 로열티 이익을 부여합니다.
이번 발표는 CEO.CA의 'Inside the Boardroom' 인터뷰 시리즈를 통해 이루어졌으며, 모뉴멘탈 에너지의 기업 개발 부사장 겸 이사인 막시밀리안 살리가 이 계약의 전략적 의미와 회사의 석유 및 가스 생산 분야 진출에 대해 논의했습니다.
Monumental Energy Corp (TSXV: MNRG) a reçu l'approbation finale de la TSX Venture Exchange pour une option d'achat et un accord de redevances non liées. Cet accord accorde à Monumental un intérêt de redevance de 25% dans la réhabilitation et le redémarrage de deux anciens puits de pétrole appartenant à New Zealand Energy, connus sous le nom de puits Copper Moki.
L'annonce a été faite à travers la série d'interviews 'Inside the Boardroom' de CEO.CA, mettant en vedette Maximilian Sali, VP Développement Corporatif et Directeur de Monumental Energy, discutant des implications stratégiques de cet accord pour l'expansion de l'entreprise dans la production de pétrole et de gaz.
Monumental Energy Corp (TSXV: MNRG) hat die endgültige Genehmigung von der TSX Venture Exchange für eine nicht marktgerechte Kaufoption und Lizenzgebührenvereinbarung erhalten. Der Deal gewährt Monumental ein 25%iges Lizenzgebühreninteresse an der Sanierung und dem Neustart von zwei zuvor produzierenden Ölquellen im Besitz von New Zealand Energy, die als Copper Moki Quellen bekannt sind.
Die Ankündigung erfolgte über die Interviewreihe 'Inside the Boardroom' von CEO.CA, in der Maximilian Sali, VP Corporate Development und Direktor von Monumental Energy, die strategischen Implikationen dieser Vereinbarung für die Expansion des Unternehmens in die Öl- und Gasproduktion diskutiert.
- Secured 25% royalty interest in established oil wells
- Received TSX Venture Exchange approval for the agreement
- Expands company's portfolio into producing oil assets
- Non-arm's length transaction may raise governance concerns
- Wells require refurbishment before generating revenue
- Production restart timeline and costs not specified
Toronto, Ontario--(Newsfile Corp. - December 30, 2024) - CEO.CA Technologies Ltd. ("CEO.CA"), the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers.
Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.
'Inside the Boardroom' is more than just an interview series - it's a chance to gain firsthand knowledge from industry leaders, understanding their vision, challenges, and strategy.
This week, CEO.CA sat down with Maximilian Sali, VP Corporate Development & Director of Monumental Energy to discuss their recently approved non-arm's length call option and royalty agreement. The agreement, which received final approval from the TSX Venture Exchange, enables Monumental to participate in the refurbishment and restart of two significant previously producing oil wells in New Zealand, while securing royalty interests upon renewed production.
Monumental Energy Corp.
(TSXV: MNRG) (FSE: ZA6) (OTCQB: MNMRF)
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FAQ
What royalty interest did Monumental Energy (MNMRF) acquire in New Zealand Energy's wells?
When did the TSX Venture Exchange approve Monumental Energy's (MNMRF) royalty agreement?
What are the Copper Moki wells that Monumental Energy (MNMRF) invested in?
Who announced the Monumental Energy (MNMRF) royalty acquisition?
