Oil price cannot be too low or too high. It is best in the range of 60-75 so that Emerging Markets will not suffer.

Good news from Vienna. OPEC and NOPEC, both agreed to cut production by 1.2 m bpd! Oil price shot up last minute.

I now paper loss too. But, in the oil stock must buy long. Actually this is opportunity time to buy cheap

For Reach Energy, on-shore drilling is much cheaper like NK-3 well is within budget. Normally, on-shore we'll costs about USD 4.5m, please refer to Reach Website.

Many of us must be wondering why Hibi cannot go up despite making big profit. Remember, Reach Energy CEO, Mr Shahul said off-shore drilling in very very risky and high costs. That is why many Hibi investors are not happy.

Just play long. Brent at 59 still ok. Forex is cheap for RM and Kazakhstani Tengi.

Opec second day not yet started, now Vienna only 5 am. Wait for Russia to say cut.

In share consolidation, it is like a piece of cake cut into half but the weight is double. So it is still the same value .

As at 31st March 2018, from the shareholding analysis chart, there are some big names ie Lembaga Tabung Haji, Pension Fund, MTD Capital, Citibank New York, Norges Bank 14, and many more.

Extract from the latest AR 2017, page 18 to 23, the average realised Brent oil price for Emir-Oil in 2017 was USD 42 pb, in 2016 was USD 35 pb. In 2018, Brent oil price is rangebound from USD 55 - 86 pb. Now, it is time to buy Reach when ppl are selling cheap. But don't play CONTRA. Buy, keep and invest.

Huaan , Good stock. Can buy and keep.

Trump......

Opec agreed to cut production by 1m bpd. Some analysts said not enough. They expected 1.3 m.

Meeting on ard sir

Yes yes yes..... BRENT UP. Opec agreed to have STEEP CUT

Brent price moving upwards. Opec + agreed to production cut.

Please study up the meaning of depreciation, depletion and amortisation in the context of the oil industry.

The last Qtr showed a Gross Profit of about RM 21.9 m, based on the revenue of RM 40.8 m and cost of sale is RM 18.9m

Genm can find a replacement, like Nintendo to replace Disney.

Just buy and keep long term. Now Reach has three new Wells ie NK-3, Y-3 and K-16, even better now.

No worries asd88, in January 2016 Brent price at 32 pb, and Reach share was about 60s. Now Reach only 32s and Brent price only 60 pb. If Reach can survive at USD 32 pb two years ago, then Brent at USD 60 pb should be okay

Contra players, please stay out

Today.... Closing 3.00

Relax guys... Stay cool..... Invest into the future..... Lots of oil in NK-3, Yessen Y-3 and Kariman K-16

The trade war between US and China is coming to an end. It is time to invest in Huaan. The metallurgical coke price is at its all time high!

Oil maintains its rise, so is Reach Energy. After striking oil in NK-3 well (in December) and Yessen Y-3 and Kariman K-16 wells (in October month), this is the best on-shore EP oil stock in Malaysia. Buy and invest long term.

This is my take. 2900 bpd, forex 4.00, 60% is Reach owned, 65 pb,

However, there are other operating costs like transportation which has been reduced by using pipelines from Ansagan Contract and some other taxes other than income tax.

The cost of production per barrel for Reach Energy is USD 6.37. Please refer to the Reach Website.

So far there are 3 new Wells being drilled and explored. They are Yessen Y-3 well, Kariman K-16 and the latest is NK - 3 well. All these Wells will help to increase oil production substantially. So guys and friends, just buy and invest long term.

Hahaha..... Good news from NK-3 well ie positive results of testing where high pressured Brent oil is found

Reach has excellent financial, the cash flow from operating activities is positive and healthy. With lots of high quality Brent oil in their reserves, it is just a matter of time Reach will have good cash balance in the balance sheet account

The trade war between Xi and Trump is coming to an end. Oil prices up 5% today. Now, it is time to buy long on oil.

At least , there was a profit in the 2nd Qtr and a small loss in the recent 3rd Qtr. Not too bad for a young company managed by a very experienced hands on CEO

Just watch Reach moves up slowly but surely, simply because of the oil reserves in the ground.

You must study the potential for growth in 2 years time . My hope in 2019, Reach will hit 75s

Yes, I agreed with you. The company is still in losses, that is why it is cheap , just like Hibi in 2016 , only 19.5s.

From 31st Dec 2017 to 30 Sept 2018, ie 9 months only, Reach Energy current assets jumped up to RM 81.454 m. The current liabilities dropped from RM 148.535m to RM 140.062 m. This means Reach is still good.

Today will go up to 3.00

The cash balance for Reach now is positive ie RM 37.325 m

Let ppl say anything.... Reach is still good

Oil price still up, now up 5%

Reach energy only 2 years old compared to Hibi 5 years old. Relax bro, the management is good since they can function with good positive cash flow from the daily operating activities.

Oil price now up almost 3%

Yes.... Yes..... Yes...... Oil prices up more than 2%. Russia and Opec working together to cut oil production

Yes.... Oil prices up more than 2%

Russia and Saudi agreed to extend oil production cut in 2019. Hopefully this will help to push up the oil prices.

Thanks Alan Wong, your info is very encouraging. GenM can buy and keep since this company is CASH RICH

Just wait and see the show tomorrow. RM 5m loss is peanuts for REACH ENERGY.

Just wait for tomorrow and see how many ppl throw cheap, and how many ppl buy up again