Reach next immediate target is 40s

Reach Energy has 2P Reserves of 80.953 MMBOE worth about RM 24.3 B !

Reach do NOT have any decommissioning cost because it is onshore drilling.

Hibi dropping , why ? My guess is the too high decommissiong cost now at RM 245 M

Be careful of the decommissioning cost , now at RM 245 M

Hibi is good but they always will have decommissioning cost ( now about RM 245 M ) . Reach is still very young , only 4 years old in the market and started to make money in the last Qtr. The 1P Reserves is 24.607 MMBOE which is about RM 7.0 B ! So let us just buy and wait for the fullest of Reach Energy.

Now , oil production is 2900 bpd. In 2H 2018, oil production is 3900 bpd. In 3rd Qtr 2019, oil production is 12,000 bpd ( with the completion of the CPF ) . Those owings with corporate shareholder can be easily settled, YLR33. Futhermore, brent price is moving uptrend strongly. Iran sanction will be effectively on in 4 th Nov 2018.

EIA Report is out. Oil is BULLISH. Iran sanctions is coming soon. Oil will hit 100 pb soon.

Hi hairi, Hibi was older Reach by 3 years. Hibi was listed on 25 July 2011, Reach was listed on July 2014. Hibi only started to make profit in 2017 AR, ie 6 years after listing while Reach started making profit in Aug 2018 ie about 4 years later. So very difficult to compare between Hibi and Reach. Both are SPAC . One is off shore while the other is on shore . However, as of now both make money and both are debt-free. It is good to see these two stocks moving together .

I have been studying this counter for more than 1 year. The main reason I did not buy at that time was the oil production is not big enough to cover the cost and admin expenses. Now with 2900 bpd , Reach make net profit. This oil production will improved to 3900 bpd in the 2 H this year , and by 2019, with CPF , the oil handling capacity is 12,000 bpd.

Franklim1989, my tp is 50s mid term , long term RM 1.10 , The most important issue here is the oil production at 2900 bpd , brent price at 70 pb, Reach can make net profit already. The next important factor is the debt free position.

Warrant is peanuts....to move it is just only a few seconds, sir

This company is so prudent. The salary paid to our CEO is very little compared to Sapura CEO. THE DEBTS is ZERO....ZERO...DEBTS....

Invest.....invest.....long.....long.....term...

The oil reserves in the ground is worth billions !

Reach is a multibillion dollar company, guys. What block are we talking about.

0.350 is not a block.

Reach runs up like horse power

Tp mid term 50s

Buy this stock, guys. A good cheap og stock with high revenue, profit and excellent management team

Hi guys, why worry, this REACH is good. ZERO BANK BORROWINGS, Qtr results very good
RM 67.67m, profit is good, oil production from 2500 bpd increased to 2900 bpd and going on to 3900 bpd.

It is good for ppl to take profit, then later in the afternoon session can go up to 36s

Hi godhand, buy and keep. This Reach Energy is now going to be like Hibiscus soon

Based on the oil production for the 2H 2018 , ie 3900 bpd, USD 76 pb , forex RM 4.10 , then the coming Qtr will easily hit RM 100 M ! With net profit RM 40 M !

https://www.thestar.com.my/business/business-news/2018/08/28/reach-energy-shoots-higher/

Hi bizzybone, thanks for a very comprehensive report on REACH ! Just to add a little bit, production in the 2H 2018 is 3900 bpd and when CPF, Reach can have handling capacity to 12000 bpd

The future prospects are good. 1. Central Processing Facilities is good for 12,000 bpd, 2. Oil business is good to go up , 3. ZERO BANK BORROWINGS so no worries about cash call

No worry my friend Jeff. Reach is good to go up , wait till it hit 50s.

No it won't burst Jeffrey Ng because it the Revenue is good and the profit is good.

Soon Reach will be the LEADER in oil stocks in the BURSA

Miracles do happen in oil business. Oil hit 80, production hit 3900 bpd....then we will see Reach at 50s

Sell hibi and buy the Reach

Sell Sapura buy Reach.....yes.....a good decision. Sell one lot hibiscus can buy almost 4 lots Reach......well , it is good too

SAPURA still many unknowns, still going down......convert to Reach now.

I adviced a buy on Hibiscus in Sept 2016, at that time only 19.5s. Similarly , today I call for a buy in Reach. Reach will hit more than RM 1.50 in 2019, when the CPF is fully build.

Reach is better than Hibiscus , guys. I have been waiting for this moment. 2900 bpd is a good start.

Reach is a good buy . Still below 31s.

Just convert your losing Sapura to winning Reach

Hi guys, go to Reach . It has ZERO BANK BORROWINGS

It is stated in the qtr report yesterday on page 12., 871010

Reach has the capacity to hit 12,000 bpd which Hibiscus cannot

Reach is better than Hibiscus because the oil is onshore hence do not need to pay for decommisioning of the oil drill later .

Production now is 2900 bpd, in the coming Qtr it will be 3900 bpd, hence the revenue will increased from RM 67.67 m to RM 91 m

Hi godhand, Reach has Zero Bank Borrowings. So no need to worry about cash call like Sapura

Well done REB, thanks to the CEO Shahul.

Reach has ZERO DEBTS, SAPNRG has lots of debts

Revenue and profit is good. Tp 7s

Be careful

Cut loss guys. Too risky now

Dead ? Inix dead ? What rubbish Mr dex is talking . Try to q to buy at 8s.