Calgary, Alberta--(Newsfile Corp. - September 22, 2025) - Record Resources Inc. (TSXV: REC) reports that it has appointed oil and gas professional, Alain Mizelle, as President and Chief Operating Officer.
Mr. Mizelle's appointment follows the company's recently announced acquisition, in partnership with Reconnaissance Africa (Recon), Calgary, of the Ngulu Block in Gabon, West Africa. (see September 12, 2025 news release).
Mizelle will oversee technical management of the Ngulu block exploration program. Mr Mizelle, as a consultant to the company, was a key team member in the negotiation and signing of the Production Sharing Contract (PSC) for the Ngulu block.
Mr. Mizelle is both a petroleum geologist and mining engineer with 28 years of international oil and gas experience. Mizelle holds a Ms. (Geology) and Msc. (Engineering) Mining from Wits University, Johannesburg, South Africa. He is a former petroleum geologist with Energy Africa Ltd (acquired by Tullow Oil & Gas).
Mr. Mizelle was the founder of GGPC (Gulf of Guinea Petroleum Corp) and co-founder and director of FirstAfrica Oil Plc, which developed the EOV and Epaemeno assets in Gabon between 2004 and 2007.
Mizelle was involved with the exploration and development of the offshore and onshore oilfields, including the Nkossa, Moho-Bilondo, N'Soko fields in the Haute-Mer permit in Congo-Brazzaville in a joint venture involving Total, Chevron and Energy Africa and oversaw over twenty oil blocks onshore and offshore Gabon under Energy Africa Gabon partnership with the State of Gabon.
Mizelle helped guide Energy Africa's farm-in of Blocks F&G in Equatorial Guinea which included the discovery of over two billion barrels of oil at the Ceiba-Okoume complex. He also advised Energy Africa on its entry into the Kouilou Block which resulted in the company participating in the development of the M'Boundi field in onshore Congo-Brazzaville.
Mizelle's company, Prevail Energy Ltd also negotiated and acquired a 20% interest in the giant, MKB (Mengo-Kundji-Bindi) asset in onshore Congo. Alain has negotiated and signed PSC's and JOAs in West Africa and is well versed with all aspects of E&P projects negotiation, management and operations. He is also currently a director of T5 Oil and Gas Limited.
"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. He has thirty years of oil and gas experience in West Africa at all levels of management and deal-making. Alain provides a level of leadership and vision that will create enormous value for shareholders."
As mentioned in the September 12, 2025 news release, Record is fully carried and funded through the commitments on the Ngulu block for the initial four-year concession period, including the drilling of a well to total depth (TD).
Additionally, the company reports that its partner in Gabon, Reconnaissance Energy Africa, announced a $10 million financing last Thursday night (see Recon news of Sept. 18, 2025). The proceeds are for the Ngulu project in Africa with Record Resources.
In other news, Record Resources reports that there are no expenditures required on its hydrogen and mineral assets in Ontario. These 100% owned properties are in good standing through 2027.
For more information please contact:
Michael C. Judson, Chairman & CEO
Record Resources Inc.
T. +1-514-865-5496
Website: recordresourcesinc.com
Cautionary Note Regarding Forward-Looking Statements:
This news release contains forward-looking statements and/or forward-looking information (collectively, "forward-looking statements") that are based on Record Resources'Record Resources' current expectations, estimates, forecasts and projections. The words "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words and phrases are intended to identify forward-looking statements and include statements regarding management's expectation anticipated production timeline, the 28 mapped prospects; management's exploration and development plans; and all other expectations, intentions, and plans that are not historical fact.
Forward-looking statements are based on a number of material factors, expectations, or assumptions of Record Resources which have been used to develop such statements and information but which may prove to be incorrect. Although Record Resources believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because Record Resources can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: that Record Resources will continue to conduct its operations in a manner consistent with past operations; the quality of the reservoirs in which Record Resources operates; the timely development of infrastructure in areas of new production; certain cost assumptions; continued availability of equity financing to fund Record Resources' current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which Record Resources operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Record Resources to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of Record Resources to obtain financing on acceptable terms; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of facility construction and expansion and the ability of Record Resources to secure adequate product transportation; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Record Resources operates; and the ability of Record Resources to successfully market its oil and natural gas products.
The forward-looking information included in this news release are not guarantees of future performance and should not be unduly relied upon.
There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements.. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Record Resources. The forward-looking information contained in this release is made as of the date hereof and Record Resources undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Units and the securities comprising the Units have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in the Unites States, or any other jurisdiction, in which such offer, solicitation or sale would be unlawful. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
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SOURCE: Record Resources Inc.
