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Silk Road Energy ( (TSE:REC) ) has provided an update.
Record Resources Inc. has appointed Alain Mizelle as President and COO, following the acquisition of the Ngulu Block in Gabon. Mizelle, with extensive experience in West Africa’s oil and gas sector, will lead the exploration program. This strategic move is expected to enhance the company’s operations and create significant value for shareholders. Additionally, the company is fully funded for its commitments on the Ngulu block, and its partner, Reconnaissance Energy Africa, has secured $10 million in financing for the project.
More about Silk Road Energy
Record Resources Inc. operates in the oil and gas industry, focusing on exploration and production activities. The company has recently expanded its operations by acquiring the Ngulu Block in Gabon, West Africa, in partnership with Reconnaissance Africa.
Average Trading Volume: 713,221
Technical Sentiment Signal: Buy
Current Market Cap: C$9.11M
Find detailed analytics on REC stock on TipRanks’ Stock Analysis page.