Exciting Update from Monumental Energy Corp.
Monumental Energy Corp., the parent company of Monumental Gold, has announced a significant update regarding its participation in an oil well refurbishment project in New Zealand. The company has received final approval from the TSX Venture Exchange for a call option and royalty agreement, paving the way for its involvement in this exciting project.
Project Details and Investment
The project involves the refurbishment and restart of two oil wells in New Zealand, with Monumental Energy Corp. investing approximately NZ$800,000. This investment is expected to yield significant shares in the oil and gas revenue, providing a lucrative opportunity for investors. The company aims to begin work on the project in early 2025.
Resumption of Trading
Monumental Gold’s shares are set to resume trading at the end of December 2024, marking an exciting development for the company and its shareholders.
Market Radar Analysis
As a leading market intelligence platform, MarketRadar will continue to monitor Monumental Energy Corp.’s progress and provide timely insights to our subscribers. Stay tuned for more updates on this emerging opportunity.
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