# Record Resources Expects to Complete Seismic Reprocessing and Resource Report by Year End

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/record-resources-expects-to-complete-seismic-reprocessing-and-resource-report-by--f3587147-9257-49db-9acf-3b1526eb6002

Original source: https://orestocks.com/company/REC.V/press-releases/6970223711264603

Publisher: orestocks

Original announcement: 2026-09-30T12:45:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T13:48:16.843Z

Atlas analysis updated: 2026-09-30T13:48:16.843Z

- Company: Record Resources

- Ticker: REC.V

- Exchange: Unavailable

- Region: Gabon

- Primary commodity: Oil

- Secondary commodities: Natural hydrogen

- Document categories: Resource update, Other

- Extracted: 2026-09-30 13:48:17 UTC

Narrative sentiment: 0.30 · Bullish

## Minestarters Atlas summary

Record Resources expects to complete 3D seismic reprocessing and a resource report for its 20% owned Ngulu oil block in Gabon by the end of 2024. The program utilizes Full Waveform Inversion technology to better illuminate oil-bearing reservoirs within the Loba discovery.

Reasoning: The company is advancing a seismic reprocessing program and expects a resource report by year-end for its Ngulu block, which includes the Loba discovery.

- Positive factor: upcoming resource report

- Positive factor: advanced seismic reprocessing technology

- Positive factor: strategic location near producing fields

- Negative factor: reliance on analogous data for production estimates

- Negative factor: project is currently in exploration/appraisal stage

Facts used in scoring: 1

## Classification and evidence

**Nearology Play**

Polarity: neutral

Story-specific tag

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The company positions the Ngulu block as being on trend to several sizable producing oil fields and 10km from the Barbier field.

Evidence · text

> This strategic block is located on trend to several sizable producing oil fields.

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Resource Estimates (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/record-resources-expects-to-complete-seismic-reprocessing-and-resource-report-by--f3587147-9257-49db-9acf-3b1526eb6002#fact-resource-facts-0)

oil

Historical result

Needs review: historical\_restatement

#### Identity

- Commodity: oil
- Region: gabon
- Reported Region: Gabon
- Ticker: REC.V

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: Historical discovery data provided for context regarding the Loba discovery.

- Positive factor: significant gross oil column

Evidence · text

> LOM-1 well discovered a shallow oil zone \(27oAPI gravity oil\) in the Batanga Formation with 140 metres of gross oil column \(70 metres net pay\)

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**No QP/CP Disclosure**

Polarity: negative

Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: no Qualified or Competent Person is named anywhere in the release

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.