I wonder how Reach will react when Brent hits USD75? USD80?

Reach is gonna hit the roof in the next couple of weeks.....

Given the present favourable conditions..stay fully invested in Reach..have a bit more patience ...time frame is anywhere from 1-2 weeks to 3mths...you will be surprise by the magnitude of the upward move....

The calm before the storm...life giving storm ,that is..

Oh..one more word before i sign off momentarily..The overall market...KLSE...is going bearish..Bets r..the next 6 mths ..looks like BN is gonna lose badly...Investors dont like uncertainty with a new goverment....Happy Investing....

Having said the abve..if price of brent shoots to abve usd65/66 in the coming days/weeks....be prepare to take a wild ride...happy investing...

Revenue abve Rm46.5 m for Q3 (given the average price of brent from july to sept...usd to Rm) wil be considered as a very good improvement

At best it will turn a small operational profit at the operational level..if that is so ..it will be considered as a good improvement..setting the stage for Q4 ..b patient

Highly improbable for Q3 to turn a profit

All forummer ofReach..your viees are most apprecited on this isdue

IM lasst wor.d This here is stock forum..nit a political forum
...go screw youself somewhere
.......

Directed at you, Mr Dennis NP Lee

Please take your FUCKING politics elsewhere!!!!!

To indulge him or them is totally disgraceful,,,,I ,therefore, from now has no market opinion!!!

When It comes to Politics..I will stay away..But for the sake od a guy name Dennis, I will give my utmost opinions.I have this strong sense That I am dealing with a RACIST.With a Racist, fundamentals don make shit sense to them!!I will just leave it be for the Racist to digest!!!!!!Happy Investing Mr Racist!!!

My take on RA..Reality Analysis...ONLY 4 simple issues for the next 12 mths...
1.. keeping to scheduled production targets
2..resolved the 180M to pay vendor
3..Raised the requiste funds to fund increased production to 10k per day by 2nd H 2018
4..Crude oil to remain above USD60 by then..

Reach is either a gold mine or white elephant..dependant on the resolutions of 3 of the above...if these are dealt with successfully
Rm1.00 is a given with a caveat on the 4th...All is nit lost NOR rosy...Happy investing...

Theoritical Analysis?

Reach now needs to raised 180 to 250 M to fulfilled all these...which I am confident will be achieved given the oil oil prices...
I get this feeling that "they" will push the price to 0.60c to enable them to do a PP,meaning PP,that is meaningfull

My understanding of Reach's direct cost...USD 38 inclusive of royalty to the Gorvnm.
Any thing above that is profit to the company.The caveat is that they need to produce a miminum of 4000 b per Day to enjoy that cost...but because there are other commitments to increase productions to 5000b per day,this entails capital commitments.

Dont be an Idiot...TakeProfit.... If your are trollling..we can understand...

Dont miss the boat for a quick 10 to 15%

Short term players ...continue to follow the last thre forummers.... Good luck..If things dont work out...take it as nasib tak baik...

unfortunately, major shareholders are equally paralyse...none of them have acquired any of these past 2-3 weeks sellings: for if they did,any quantity acquired will have to be report to Bursa..so far I saw none.Basically, this is damn difficult to prove but by watching the daily/weekly price/vol transactions done, one would have a inclinations of what is happening.....Keep watching n do the necessary..good luck

My thought is Not without basis; Recalled that 3 to 6 weeks ago, there were a flurry of BDT(off market Direct Business Transactions) amounting to approximately 20-30 million shares at prices of 37.5c to 41c. These shares did NOT come from any of the major shareholders;for it would have to be reported to Bursa;none of which was announced .This confirmed that the DBT done are not from them.At first, I assume the buyer are long holders. Subsequent to that the share price of REACH(mother) kept dropping; albeit at a small volume: to make it appear weak/small holders are dumping; It now appears to me that the buyer(s) of the BDT are NOT long holders but borrowed short sellers(with prior knowledge of the weak 2nd QR). I strongly believe they have not fully covered the short position and are waiting for some panic selling from the retailers to do so.


pls be mindful of this development,especially those still holding shares and are on the verge of being force to unload due to heavy paper losses..If I am right,these short sellers are pressed for time to cover their position before the month of September gets underway( being the last mth of the 3rd Q).The best thing to do in this scenerio is not to panic but wait for their end game....If I am right, they will need to cover their short by continuous buying...so dont sell them at all to see n test their resolve.
At the end of the day,they have to return those borrowed shares at a cost to the loaner.
Let us all retail players make it harder for them to profit from this weak news from Reach by not panicky selling to them..


Good luck

A thought came to my mind: I wonder who amongst the crowd is doing borrowed short-selling???

RM1,372million( for FY 2017 )is for the life of the contract until 2016 (19+ years to go). Amortise it : per year is
RM72,2 million ; per Q is RM18 million. However QR has given guidance that the MINIMUM spend
for less than a year (I assume it from 1 july 2017) is Rm145.837 million which is about RM36.5 million.This is inclusive of capex and "other commitments represent mainly direct operation,maintenance cost of wells and other related facilities" and the completion of the increased in production to 5000BOPD. However the actual cost is around Rm47million per Q. I believe that is about the minimun cost to produce a certain quantity per Q. From here I see that 4100-4200 BOPD at USD50 would be sufficient to break even operationally and 5100 BOPD at USD50 would be enough to make the group profitable.
This is my 2 cents worth of thoughts....pls correct me if I am wrong...

QR ending 30 june 2017 Note A12 ( Quote and unquote)
"The minimum work program includes capital expenditure of RM1,372 million (2016: 1,434 million) to be incurred over the life of the production contracts expiring in 2036. Other commitments
represent mainly direct operation and maintenance costs of wells and related facilities.

According to the production contracts for four fields in Kazakhstan, the Group is obligated to perform minimum work program during the life of the production contracts. Set out below is the
commitment for the minimum work program.As at As at
30 Jun 2017 31 Dec 2016
RM'000 RM'000
<1 year 145,837 198,815
1-2 years 529,515 283,641
2-5 years 1,161,476 1,067,136
>5 years 2,314,853 2,995,098
4,151,681 4,544,690"

Anybody knows how to get the estimated sales/production volume (BOPD) for the 2nd Q from the
QR? I recall that 87% is exported with 13% for domestic as contained in the notes of the QR.Thks in advance

My mistake...net earning should just be Rm32,192,000 per year....so PE is 0.02844....therotical price 0.002844 X 12 = Rm0.341..sorry for the mistake

a simply way to get a picture of the net profit before tax(if any) is :
(2 QR):: 3500B X (US48 [Average price for the 3 months] MINUS (-) US38 (EXtraction cost,logistics,admin cost royalty,etc)) X 365days X US4,2 (convert to ringgit) X 0..6
=== RM32,192,000 net Profit (before coporate Tax at country of domicle). If every Q is more or less the same then the PE would be RM128,772,000 /1,100,000,000, == 0.1170 (P/e) so the therotical price should 0.1170 X standand muliple use in the industry is 12 == RM1.40

should be better than the 1st Q though....

looks like quite abit of force selling going on...

Reach has until end Nov 2017 to settle the balance of 20% before penalties kick in....

it is almost always release on the last day or the last friday of the second month after the financial quarter ends....

alot of Direct Transaction today....@0.51...?????

why must PP price be fixed by Thursday?

good luck guys...Pls dont hold your breath!! Haha
The next 2-5 markets working days will validate or nullify my personal opinion on the market acivities of today. I am on the slightly bearish side,for your information.

I am giving my opinion..it is just an opinion..If you dont agree it is fine with me...I have a few points to highlight::
1) I have some isuue with people who elak-elak when they are on the wrong side of the market.No need to mention names..
2)With world oil prices staying south as of now..and EElong analysis(which is ,to me, is the truth...as per report for year end 2016 from MIEH....about production dropping to 2000 barrels a mth in the mth of Dec from about 3144 barrels a day for the whole last quarter(oct to Dec months).except the month of December 2016......till today Manangement has not givien guidance as to why this happen
3) bad sigh as it now
4) for those who bought higher....the only thing you need now is PATIENCE; for at this price you are caught.To sell now at 0,105 to 0,11 is still somthing to consider,,,if you have bought higher just take some losses..for those on the border line....take you chances to unload n stay at the side line..lossess included!!!
5) if your funds are still fresh, stay to acquire REACH -WA at 0.95 to 0.8.....that is if you still have the financial resources to do it
6) I think this are all my opinion on whow to captilise on the REACH stock...
&good luck to all who believes in my theory.

It is within the Accounting norms to recognise some special item..to clasifyy valuaton gains as INCOME/PROFIT items is for all to judged..MY opinion of the decision is NEGATIVE..The JURY is still out..

as in REACH's case

Hibiscus is not to be NOW....

This one sentence in today's news report (27/feb) is intriguing....."While Reach Energy has secured the acquisition of a 60% stake in Palaeontol BV, the asset will only be recorded in its books in the second quarter of this year.".... Can somebody shed some light on this statement???

Read more at http://www.thestar.com.my/business/business-news/2017/02/27/reach-board-changes-test-spac-rules/#jVhU6rMWRlkc17Fy.99

MIE sold 60% of its Kazakhstan oil field to Reach in Nov 2016

https://www.bloomberg.com/news/articles/2017-02-23/saudi-arabia-2-trillion-aramco-vision-runs-into-market-reality?cmpid=socialflow-facebook-business&utm_content=business&utm_campaign=socialflow-organic&utm_source=facebook&utm_medium=social


Interesting read..something similar to Reach in terms of valuation; especially this quote "I didn’t know that the value of an oil company was a multiplicator of the reserves of the company," Total SA chief executive officer, Patrick Pouyanne, told investors on a Feb. 9 conference call.

ultrainvestor...isnt that news from year 2011?

Thks EELONG..for your analyses..... Hey Guys/Gals ..any opinions/things to say...???

EELONG, you really are a trawler... I actually spent some time double checking myself...your figures are PERFECT as per reports to the HONG KONG stock exchange..the 6M ,9M and 12M all check out...so now ..how should we deal with the disclosures..?? Your guidance will be much appreciated ..

I have an interesting question...All these crude oil stockpiles increasing...How is it the oil prices keep heading North??

stay as stronh sa youy financial permits.... fo not let gountil EWACG WA is 0,22... good lick

week