Record Resources Inc · TSXV:REC
Record Resources — Investor Presentation (September 2025)
23 slides from Record Resources's investor presentation, September 2025
Slide 1: Gabon Strategic Entry – Ngulu Block
TSXV-REC GABON STRATEGIC ENTRY NGULU BLOCK Appraisal & Development Opportunity with a Significant Upside
Slide 2: Disclaimer
Disclaimer This preliminary information presentation document ("this document”) has been prepared by RECORD RESOURCES INC.(“RECORD”) for information purposes only in relation to the proposed placing of securities in the capital of RECORD (the "Placing"). This document is the sole responsibility of R
Slide 3: Ngulu Block Strategic Rationale and Investment Highlights
NGULU Block | Gabon Strategic Rationale Investment Highlights • Transformational acquisition positions Record • Existing oil discovery enables low-cost development Resources as a significant West Africa E&P and near-term cash flow generation company, together with joint venture partner, • Proximity
Slide 4: Gabon | Ngulu Block Highlights
Gabon | NGULU Block Highlights ▪ Loba Field discovery well, shallow oil zone with 140 m gross pay (70 m net) Shallow Offshore Oil - Loba Field ▪ Proven undeveloped (PUD) well within oil column ▪ Low risk appraisal drilling with exploration upside from additional prospects Potential High Growth ▪ Pha
Slide 5: Ngulu Block Production Sharing Contract & Joint Venture
Gabon | NGULU Block Production Sharing Contract & Joint Venture Asset Working Interest ▪ ReconAfrica 55% (operator) ▪ Oil discovery on block discovered (TSXV:RECO) in 1976 ▪ Record Resources 20% • 140 m gross pay (70 m net) (TSXV:REC) ▪ Gabon Oil Company 15% • Large concession covering 1,214 sq. kms
Slide 6: Ngulu Block and Loba Field Overview
NGULU Block and Loba Field Overview Near-Term Drilling Ac vity • Appraisal well in Loba Field Loba Oil Discovery • Loba discovered in 1976, 140m gross pay (70m net) oil recovered (27 API) at surface Loba Complex Low-Risk Appraisal Drilling • Loba Deep and Loba East appraisal provides near-term produ
Slide 7: Gabon | Key Oil and Gas Producers
Gabon | Key Oil and Gas Producers Country Level Production Company Level Production (boepd) Onshore Shallow-water Simba Dussafu Hylia SW Hibiscus/Ruche onstream 240,000 180,000 bbl/d 120,000 60,000 0 2019 2019 2019 2020 2020 2020 2021 2021 2021 2022 2022 2022 2023 2023 2023 2024 2024 2024 2025 2025
Slide 8: Ngulu Block Overview
NGULU Block Overview • Historic and current oil province • Large concession with signi cant running room • Mul ple proven reservoirs producing throughout this region • Along trend of signi cant oil elds (100 to 240 mmboe) • Loba discovery encountered oil in Batangareservoir • Infrastructure access •
Slide 9: Gabon | Ngulu Block Highlights
Gabon | NGULU Block Highlights Phase 3 Additional Prospects Phase 2 (Loba Complex) Loba East ▪ Lepidote Deep Phase 1 (Loba Complex) ▪ Pompano (Batanga, Anguille, Loba Field / Loba Deep Cap Lopez) ▪ Appraisal drilling in Loba East ▪ Palomite Deep Presalt (Gamba/ complex Dentale/Carbonates) ▪ Short pi
Slide 10: Loba Field Complex Development
Loba Field Complex Development 1 Loba Discovery appraisal well 1 Loba Deep Exploration Prospect 2 Loba East Prospect 3 Lepidote Deep Exploration Prospect 10kms to near-by Infrastructure ▪ Two off take routes ▪A Barbier Field Platform ▪B Oguendjo Terminal (FSO) Potential resources are consistent with
Slide 11: Loba Field and Complex Batanga Depth Structure Map
Loba Field and Complex Batanga Depth Structure Map Top Batanga Fm - Depth Map C.I.: = 10m Loba East Prospect may Pmin Area for Loba East be separate GRV – OWC at Loba from the Loba Discovery Marine Discovery by a fault Loba Batanga Reservoir • Over 70m net / 140m gross oil column • Discovered in 197
Slide 12: Loba Field Structure Batanga and Anguile
Loba Field Structure Batanga and Anguile 12
Slide 13: Exploration Upside Prospect Inventory
EXPLORATION UPSIDE Prospect Inventory
Slide 14: Ngulu Block | Prospects Inventory
NGULU Block | Prospects Inventory • Mul ple play types and prospects, located near exis ng produc on infrastructure, for low-cost development ebacks • Pre-salt and Post-salt reservoir targets; stacked reservoirs enabling mul ple zones to be tested with one single well • Shallow water prospects <100
Slide 15: Lepidote Deep | Near Field Infrastructure-Led Exploration
Lepitode Deep | Near Field Infrastructure-Led Exploration Gr So Lith Lepidode Deep Gas flags ▪ Lepidote 1 well drilled in 1970’s on sparse 2D data, not deep enough to test structure Oil shows encountered ▪ Well encountered strong oil shows ▪ Modern 3D seismic demonstrates a robust 4-way dip closure
Slide 16: Pompano Prospects | Loba Field and Lepidote Deep
Pompano Prospects | Loba Field and Lepitode Deep Pompano (Batanga Loba Pompano Lepidote level) Deep Gas Flags Gas Flags Potential resources are consistent with Loba Oil Pompano Batanga target on-trend fields Batanga level Pompano (Anguille level) Pompano Anguille target Lepidote Deep Lepid Anguille
Slide 17: Dentex Prospect
Dentex Prospect Dentex Lead DHI’s or Gas flags Potential resources are consistent with on-trend fields Stacked targets (1) Resource estimate based on previous operators' assessment 17
Slide 18: Palomite Prospect
Palomite Prospect Palomite Cluster Pompano (Post & Sub-salt) Palomite Deep C (Pre-Salt only) Gamba Dentale Synrift carb Dentex (Post & Sub-salt) A single well to test the post, sub & pre-salt is viable in 2 areas Potential resources are consistent with on-trend fields (1) Resource estimate based on
Slide 19: JV Partner ReconAfrica Track Record in Gulf of Mexico Style Plays
JV Partner ReconAfrica Has Track Record “Gulf of Mexico” Style Plays ReconAfrica CEO Discoveries | Deep Water Gulf of Mexico Exploration Sub-salt Cumulative ~2.4 bboe –18 discoveries ▪ Exploration geophysicist with Anadarko sub-salt in the GoM for over 10 years mapping existing fields in Size - Hist
Slide 20: Ngulu Block | Gulf of Mexico Style Plays
NGULU Block | Gulf of Mexico Style Plays ▪ Loba M 1 well found a shallow oil zone LOM-1 with over 70m net column / 140m gross oil column ▪ Deeper sub-salt reservoirs are known in the area with traps below the salt Post-Salt Discovery Post Salt potential traps ▪ Sub-salt potential has not yet been Wi
Slide 21: Clear Pathway to Near-Term Production
NGULU Block | Gulf of Mexico Style Plays ▪ Transformative acquisition with joint venture partner, ReconAfrica ▪ Line-of-sight to near-term production ▪ Immediate activity ▪ Low entry costs Clear pathway to near-term ▪ Near-by infrastructure access production enabling self-funded ▪ Additional brownfi
Slide 22: Record Resources Management Team
Record Resources Management Team Michael C. Judson, ICD.D Alain Mizelle Chairman & CEO Consultant For more than thirty years Mr. Judson has been forming, financing and operating private and public companies. He Mr. Mizelle holds a Ms. (Geology) and Msc. (Engineering) Mining from Wits University, Joh
Slide 23: Capital Structure
Capital Structure Share Structure TSXV: REC Shareholder Ownership Percentage Issued & Outstanding Shares 113,064,854 Options 6,500,000 20 Warrants 10,144,853 Fully Diluted Shares 120,364,854 Market Capitalization $2,211,629 80 (as of Sept. 4, 2025) Market Data Management and Board Retail & Others Cl
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