In September of 2025, ReconAfrica signed a Production Sharing Contract (PSC) with the Republic of Gabon and its national oil and gas company, Gabon Oil Company (GOC), located in the shallow waters offshore Gabon.
Since this milestone strategic alliance, the Company has continued to gather all the available seismic surveys and other technical data on the Ngulu lease and is sourcing seismic reprocessing vendors. 3D seismic data covering prospective areas of interest will be received near the end of December, and reprocessing will begin in January 2026.
Following the reprocessing and detailed evaluation of the seismic data, the company plans to deliver a third-party resource report outlining the potential of the block. ReconAfrica is the operator of Ngulu with a 55% working interest. Its partners are Record Resources (20% WI), Gabon Oil Company (15% WI) and the Republic of Gabon (10% carried WI).
