ReconAfrica与Record Resources和加蓬石油公司（GOC）签署了产品分成合同（PSC）和合资经营协议（JV），将在加蓬近海C-7区块（更名为Ngulu）进行油气勘探、评估、开发和生产。根据合资协议，Recon将担任指定作业者。

该产品分成合同涵盖1214平方公里的土地，位于加蓬中部近海浅水区。恩古卢区块的关键部分包括埃尔夫-加蓬公司于1976年发现的洛巴油田，以及在盐下层甘巴/丹塔莱和盐上层已确认的28个以上地震勘探区。

Loba油田由Elf-Gabon的LOM-1井发现，该井的目标是Batanga和Anguille油藏。LOM-1井在Batanga组发现了一个浅层油层（API值为27的重力油），总油柱厚度为140米（净产层厚度为70米），与附近的Barbier、Barbier西南和Ablette油田相似。Loba油田水深60米，距离Perenco运营的现有基础设施约10公里。

ReconAfrica entered into a production sharing contract (PSC) and joint venture (JV) agreement with Record Resources and Gabon Oil Company (GOC) for the exploration, appraisal, development and production of oil and gas on Gabon offshore Block C-7, renamed Ngulu. Under the terms of the JV, Recon will be the designated operator.

The PSC agreement, which covers 1,214 sq km, is in shallow water offshore central Gabon. The key aspects of the Ngulu Block include the Loba oil field discovery made by Elf-Gabon in 1976 and over 28 seismically identified prospects in the pre-salt Gamba/Dentale and post-salt plays.

The Loba Field was discovered by Elf-Gabon’s LOM-1 well, which targeted the Batanga and Anguille reservoirs. The LOM-1 well discovered a shallow oil zone (27º API gravity oil) in the Batanga Formation with 140 m of gross oil column (70 m net pay) and is similar to nearby producing fields Barbier, Barbier Southwest and Ablette. The Loba oil discovery was made in 60 m of water depth and is approximately 10 km from existing infrastructure, operated by Perenco.