New Zealand Energy Corp. Closes Funding Agreement

Core Viewpoint - New Zealand Energy Corp. has successfully closed a funding agreement with Monumental Energy Corp. to enhance oil and gas production from its licenses in Taranaki, New Zealand [1][2]. Group 1: Funding Agreement Details - The funding agreement, effective January 12, 2026, involves Monumental Energy funding NZEC's share of specific workover projects [1][2]. - In return, NZEC has granted Monumental a project-specific royalty, where Monumental will initially receive 75% of net receipts until its costs are recovered, followed by a 25% ongoing royalty [2]. Group 2: Company Overview - New Zealand Energy Corp. is a publicly listed energy company focused on oil, gas, and gas-storage development in New Zealand, holding interests in various heritage assets and development-stage projects [3]. - The company has a 50% ownership stake in the Waihapa production station, allowing for quick integration of near-term production to market [3].