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Record Resources to complete Gabon seismic reprocessing and resource report by year-end

Market News
30 Sep 2026
Proactive Investors
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Bullish
Record Resources to complete Gabon seismic reprocessing and resource report by year-end

Record Resources Inc plans to finish 3D seismic reprocessing and a resource report for the Ngulu oil block offshore Gabon by the end of the year. The project uses advanced technology to better identify oil reservoirs, aiding in selecting appraisal well locations for the Loba oil discovery. The 1,214 sq km block holds the Loba discovery and over 28 prospects near existing infrastructure, with potential production of about 20,000 barrels per day. This development could lead to low-cost oil production leveraging nearby fields' success.

Record Resources' Gabon seismic reprocessing project is noted here with Pluang's Energy sector snapshot as of Sep 30, 2026 20:03 WIB. Of 38 priced US Energy stocks, 32 rose and 5 fell. Notable movers include PBR at USD 21.00 (+1.69%), RIG at USD 5.29 (+1.54%), and INDO at USD 2.69 (+1.51%). Typical hold times range from 17 to 25 days, with varied Pluang order activity percentages.

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