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Record Resources Receives Key 3D-Seismic Dataset and Commences Reprocessing Project for Selection of Drilling Location on Existing Loba Oil Discovery and Mapping of Over 28 Identified High Impact Marquee Prospects Across the Ngulu Block in Gabon, Africa
Calgary, Alberta--(Newsfile Corp. - April 7, 2026) - Record Resources Inc. (TSXV: REC) ("Record R...
About this update from Record Resources Inc
[{"type":"text","content":"Record Resources Receives Key 3D-Seismic Dataset and Commences Reprocessing Project for Selection of Drilling Location on Existing Loba Oil Discovery and Mapping of Over 28 Identified High Impact Marquee Prospects Across the Ngulu Block in Gabon, AfricaCalgary, Alberta--(Newsfile Corp. - April 7, 2026) - Record Resources Inc. (TSXV: REC) (\"Record Resources\" or the \"Company\") is pleased to announce that it has received from the Directorate General of Hydrocarbons (DGH) of the Ministry of Petroleum and Gas of Gabon all sets of government owned legacy 3D seismic Data. This includes the 1993 vintage Mandaros 3D seismic data covering the eastern part of the Ngulu block and the 2001 vintage Moabi 3D seismic data that covers the western end of the Ngulu block. In addition to seismic data, the Contractor has received all existing well data and reports over the Ngulu block (See figure 1 below).3D Seismic Reprocessing Project UnderwayRecord and its strategic partner have received these legacy datasets as part of signing of the Ngulu PSC, and as a result the partnership can move much faster in the appraisal of the Loba oil discovery and further definition of the remaining exploration potential of the Ngulu block without the need to shoot new 3D seismic, resulting in major cost savings. The global cost of shooting circa 1000Km2 of new 3D seismic today would have been in the order of US$10-$20 million. The partnership is currently reprocessing 3D seismic data over the key areas of the Ngulu block, including the Loba oil discovery. Upon completion, the Company will select an appraisal / development location on the Loba oil discovery in the second half of 2026.New 3D seismic reprocessing algorithms have been developed recently by a number of geophysical firms These algorithms provide significantly clearer imaging of the subsurface, particularly in complex geological settings involving subsalt and presalt plays, permitting a more precise mapping and definition of leads and prospects in the Ngulu Block. The Ngulu Contractor group has retained the services of DUG Technology's Houston office to undertake the reprocessing project, using their acoustic Multi-Parameter Full Wavefield Inversion (MP-FWI) technology, which is at the forefront of current seismic imaging technology. The legacy 1993 vintage Mandaros 3D seismic data have been successful...