Record Resources repositions as international Oil & Gas explorer focused on Gabon

Описание: Record Resources President and COO Alain Mizelle joined Steve Darling from Proactive to discuss the company’s strategic transition into international oil and gas exploration and its growing focus on Gabon as a cornerstone jurisdiction for future growth.

Mizelle explained that Record Resources is an established company that originally began as an oil and gas issuer in Alberta before evolving into the mining and mineral exploration sector, with projects spanning lithium and gold assets in Ontario. He said the company is now realigning its long-term strategy to return to its roots and emerge as a fully fledged international oil and gas exploration and production company.

Central to this shift is Gabon, which Mizelle described as one of the most stable and attractive oil and gas jurisdictions in West Africa. He highlighted the country’s long history of hydrocarbon production, a stable fiscal framework, and a supportive political environment. Gabon also benefits from an established industry presence, with major international operators such as Total and Perenco, alongside a number of experienced mid-sized producers, actively operating in the country.
A major focus of the discussion was the Ngulu Block, which Record Resources signed into in September 2025 in partnership with Reconnaissance Energy Africa (ReconAfrica). Mizelle noted that the block covers more than 1,200 square kilometres and is located in the heart of Gabon’s most prospective oil-producing region. He described the asset as highly strategic, stating that the Ngulu Block represents the “epicenter” of current and future exploration opportunities in the country.

Mizelle also outlined the significance of the historical Loba Discovery, which was drilled in 1976 and intersected more than 140 metres of oil pay but was never fully developed due to technological limitations at the time. With modern drilling and evaluation techniques now available, Record Resources and ReconAfrica see a compelling opportunity to appraise the discovery and potentially fast-track development should commercial viability be confirmed.

Looking ahead, Mizelle said the company’s 2026 work program will be focused on reprocessing existing 3D seismic data, detailed reinterpretation, and resource evaluation across the Ngulu Block. He noted that resource estimates are expected later in the year and emphasized the strong support the company is receiving from the Gabonese government, which he described as highly receptive to new oil and gas investment and exploration activity.

#proactiveinvestors #tsxv #rec #mining #recordresources #OilAndGas #InternationalEnergy #GabonEnergy #WestAfricaOil #NguluBlock #LobaDiscovery #EnergyExploration #UpstreamEnergy #HydrocarbonExploration #StrategicAssets #EnergyTransition #GlobalEnergy