Record Resources appoints Mizelle president, COO

Executive Summary

• Record Resources Inc. appointed Alain Mizelle as President and Chief Operating Officer to lead technical management of its newly acquired Ngulu block in Gabon.
• Mizelle was a key negotiator of the Production Sharing Contract for the Ngulu block and brings 28‑years of West African oil & gas experience.
• The appointment follows Record’s September 12, 2025 acquisition of the Ngulu block (in partnership with Reconnaissance Africa) and is supported by a $10 million financing announced by Reconnaissance Energy Africa for the project.

Key Details

• Appointment: Alain Mizelle – President & COO; will oversee technical management of the Ngulu block exploration program.
• Background: Petroleum geologist/mining engineer with 28 years international experience; former consultant on the Ngulu PSC negotiation; prior roles include Energy Africa Ltd., founder of GGPC, co‑founder/director of FirstAfrica Oil PLC, and director of T5 Oil & Gas Ltd.
• Acquisition Context: Appointment follows Record’s acquisition (Sept 12 2025) of the Ngulu block in partnership with Reconnaissance Africa (Recon).
• Financing Support: Reconnaissance Energy Africa announced a US$10 million financing on Sept 18 2025; proceeds earmarked for the Ngulu project.
• Operational Funding: Record is fully funded for the initial four‑year concession period of the Ngulu block, including drilling of a well to total depth (TD).
• Other Assets: No expenditures required on hydrogen and mineral assets in Ontario; these 100 % owned properties are in good standing through 2027.

Notable Quotes

“The appointment of Alain Mizelle formalizes a change in the company's business plan that has been developing for some time,” said Michael Judson, Executive Chairman & CEO, Record Resources.
“He is an extremely talented and experienced oil and gas executive…will create enormous value for shareholders.”