sudden spike............any reasons..bz good or got new contracts hahahahahah

quiet

politics are the main villain for the market down

PIVOT POINT
..............S2 .......S1 ........P ......R1 ........R2
Daily 0.025 0.035 0.035 0.045 0.045
Weekly 0.025 0.035 0.035 0.045 0.045

keep on surveillance and update ....Reach is very focus in her niche exploration and production of oil gas....huge potential i do believe that

yeeah

USA is set a cap price for oil n gas no more than usd 65 !.. How then ? O&G players surely will be hit hard too
Crude oil is dropping back fast to normal level US 60 in order to stop FED from hiking interest rates due to the high inflation...
3Q will marked the global oil instability........
SE sure lost of breath ....suffocating and choked
Even founders of Cryptor firm run away , Cryptor bubble going to burst soon , anybody with Cryptor assets better watch out !

SE gone case.... Better delisted and operates off BSKL no more luring unsuspected investors into the drain of no return.... No hope and difficult and near impossible recovery....unless miracle.. it will takes easy 2-3 years ....if and if everything gone as plan. but ...too much of fraud management and worst ....why want to stay listed if selling debt .....Must be a reason behind wanting to remain listed.????

Lets share info....i am very interested in REACH cos of it potential...
Its not BUY or SELL l call but we grow together.....taking advantage of the current low price...

i will share what ever i can found be transparent... but trading on own decision

What is the lifespan of the production oilfield?
Emir-Oil Concession Block has 4 production licenses until 2036. However, we aim to
extend this lifespan further by upgrading our significant resources into reserves by
obtaining additional Commercial Production licenses. This is observed in our efforts to
convert the North Kariman and Yessen fields from Development fields into Production
fields

http://reachenergy.listedcompany.com/annual_financials.html

look at Financial state REACH

end 2022 production bopd will start to increase.
peaking in 2023-2024 bopd.......( barrel oil per day)

interesting

SE ??? exist or non exist does not effect much... O

.According to new research from the energy consultancy, more than half—65 percent, to be precise—of the world’s discovered oil and gas reserves are under the control of national oil companies.

The reason this is bad news is that, in addition to NOCs like Saudi Aramco, QatarEnergy, and Abu Dhabi’s Adnoc, these companies also include Russia’s Rosneft and Gazprom, the National Iranian Oil Company, and Venezuela’s PDVSA.

These seven companies, according to Wood Mac analysts, can keep producing oil and gas at their current rates for the next 40 to 60 years or even longer if they tap their spare capacity.

.

SE dive deeper into Indian ocean ....no trace. haha

china is stockpiling oil...preparetion war with US....hahaaaa..indicators weaponry race is there facts.. russia ukr on tgecwestern front..china in thexeastern ..wowww kbooommm

world oil too prices shivering...glove saga is good exemplary..hoping hoping..beconming hopeless....bilis being scammmmmed

cicak..ur rite..to many earthquakes scala ritcher 7.0 coming.. before was tremors only..now kbooommm... RO by court is just ear soothinh...hahaaaaa

This is interesting
not promoting but sharing the info ..Trade own decisions.........

Facts.
http://reachenergy.com.my/about_kazakhstan.html

12th largest oil reserves in the world (Malaysia is 26th)
30 billion bbl of proven crude oil reserves (vs. 3.75 billion bbl for Malaysia)
Go-to country for oil & gas industry majors
The super-giant Kashagan field, containing 11bn bbl of reserves, commenced production in October 2016

Useless

Many events pop up lately fm nowhere .The GOM has got less and less to no money to hve lavish spending. Zorro frul will need to provide some sort of a contingency funding in the event of an unfavourable outcome in his next buget coming before we can assume this is going to be resolved in the very near future.

More likely we will have a new PM, Finance Minister, Attorney General as well as a new Chief Justice before we get any closer. That is how slow Malaysia gets things done. Irony still nobody in jail for all the corruptions after GE14 for most of the blunder like 1MDB..

Any more slippery slide like this week for next week.... , last last ..the super titanic the BODs might end with no jobs after finding it impossible to hold off PN17....just hanging ....cliff

hahahahaha

To reminisce .......Emir-Oil owns production contracts of four producing oil blocks (Aksaz, Dolinnoe, Kariman and Emir), as well as, an oil and gas exploration contract in Kazakhstan that extends over 850.3 sq km.

REACH said the oilfields would present good returns to the company and shareholders considering they were still in the early phase of their life cycle.

On the ease of doing business in Kazakhstan, Kazakh government provided a good ecosystem for foreign companies and it was eager to welcome more Malaysian companies into the country.

This sounds encouraging

since quiet.. why not pay visit to Kazakstan.....try horsemeat which has been a staple here since Genghis Khan was boss; they’re farmed for meat and, if you can overcome the guilt, it tastes somewhere between beef and venison.

https://www.aljazeera.com/economy/2022/7/12/two-chinese-provinces-to-make-some-repayments-after-bank-deposit

12 Jul 2022

Even China not sparred from scammer..hahahahaaa

Chinese authorities have promised to repay bank customers victimised by a financial scandal that has sparked rare public protests in central China.

Fundings involved in “illegal or criminal” activity will initially not be repaid, the regulator said.

police on Sunday said they arrested a number of suspects alleged to have taken control of several banks through a group company and made illicit transfers through fictitious loans.

The banking scandal, which is believed to be one of China’s biggest ever financial scams, has sparked a series of protests in recent months that authorities have met with force.

Customers at five rural banks in Henan and Anhui provinces whose funds have been frozen since April

How SE then wants goodwill loan from Bankers/funders......... ???????????????????????????? Same no difference likely to happens here ..........

US Inflation Soars to 9.1%, Topping Forecasts
Bloomberg Surveillance

July 13th, 2022, 8:53 PM GMT 0800

The US consumer price index rose 9.1% from a year earlier, the largest gain since the end of 1981, Labor Department data showed Wednesday. (Source: Bloomberg)

one of many reasons our mrkt no doing good...temptation c19...syndrome..more to comeeee

so quiet.....frozen

what keep SE still gasping for air??????? Doing bz non profitable ........die standing

OPR for another spiked in SEP..........SE short of breath....cockup management but making too much noise that sink the ship..inject $ for oligarchs gp benefit. Bilis cornered gone die slaughtered till limping as zombie. Nothing of beneficial SE can do in this kind of env..except goodwill and prolong life...... doing loan bz and debt bz........

I3 chat is a place for “speaking our trading mind”...we share together..why not for our benefit too rite
we re looking to grasp opportunities actually...to make big .....as traders correct

this forum is very positive.. good for exchanging info ....if we start digging into the trail of Reach. .etc utilise it constructively ..for guidance obj having good ROI

TA and FA as further enhancement techniques to consolidate further our decisions......

TA is showing clue ....

..citadel888

hahaha billionman still talking how good how good, but sendiri didn't buy

13 minutes ago..
.................................................................................................

it a forum rite.
we talk and chat about a stock of how each of us traders perceived .
Trading is own decisions.
Info and data ..we used for our considerations and weighing....

it not NOt a call for buy or sell ...no such things..

we share info......that we tend to miss.....intuition sell and buy own decisions rite..hahahaha

Seems to hve 2 versions of statements regards to MTD ways of disposal 114 mil shares REACH

there u are MTD disposal via DBT....

1. i would rather take the statements fm KL screener than the write up in Edge.....

2. its official from the company itself REACH.

www.klsescreener.com/v2/announcements/view/3572769
Notice of Person Ceasing (Section 139 of CA 2016) - MTD CAPITAL BHD

1Notice of cessation 24 Jun 2022

2No of securities disposed 114,000,000

3Circumstances by reason of which a person ceases to be a substantial shareholder

4Disposal of shares by via direct business transaction

5Nature of interest Direct Interest

6Date of notice 24 Jun 2022
7Date notice received by Listed Issuer 27 Jun 2022

mystery

Who said MTD is DBT? Up to now, no substantial shareholder emerged...

5 hours ago
......................................................................

https://www.theedgemarkets.com/article/mtd-capital-disposes-1036-stake...

KUALA LUMPUR (June 27):

1Highway construction group MTD Capital Bhd has ceased to be a substantial sharelder in Reach Engery Bhd, after disposing of a 10.36% stake in the oil and gas company.

2.The stake, comprising 114 million shares, were sold in the open market on June 24, said Reach Energy in a bourse filing.

3.MTD Capital, which was the second largest shareholder of Reach Energy, had emerged as a substantial shareholder in October 2016 after acquiring a 11.68% stake, comprising 117.87 million shares.

Following the disposal, MTD Capital is left with a 0.05% stake or 595,690 shares in Reach Energy.

T4Q NAPS/ 0.37 cents
P/ NAPS 0.08 cents

* Price/Net Assets Per Share

likely to south .for a duration time of frame...looking for impetus and SYNERGY....but .Kazaakstan scenario situating developing is much better...from earlier 2022 . Chinese and India demand for oil is huge........Kaz border with china easily can export to china via huge piping sys......that of something to think off strategically for growth.

..Monetary Policy meeting BNM sep OPR another spiked anticipated.....market as a whole chill sideways......but again good bargain for low cheap o&g stocks.......swing not much ......better be cautions looking at the confidence level of our Mal political scenario..but overall o& g still looks promising for good ROI...Trade on own decisions......be mindful of the scène developing ....market is very sensitives to news and rumours.

NTA Reach 0.37 . Anticipated it might down is .03-.035..sideways likely

meaning SRL already acquired new issuance of Reach shares

..After Proposed Debt Settlement
Direct Indirect
No. of Shares
(‘000)
% No. of Shares
(‘000)
%
Reach Energy Holdings Sdn Bhd 127,800 6.00 - -
MTD Capital Bhd 114,596 5.38 - -
Ir. Shahul Hamid Bin Mohd Ismail 981 0.05 127,800(i) 6.00
Tan Sri Dr. Azmil Khalili Bin Dato’
Khalid
56,643 2.66 43,150(ii) 2.03
Puan Sri Nik Fuziah Binti Tan Sri
Dr. Nik Hussein
40,000 1.88 59,793(iii) 2.81
Super Racer Limited(iv) 1,032,544 48.50 - -
Mr. Cheung(v) - - 1,032,544 48.50
Notes:
(i) Deemed interested through his direct interests of Reach Energy Holdings Sdn Bhd.
(ii) Deemed interested through his spouse, Puan Sri Nik Fuziah Binti Tan Sri Dr. Nik Hussein and
her direct interests of Azimah Properties Sdn Bhd.
(iii) Deemed interested through her spouse, Tan Sri Dr. Azmil Khalili Bin Dato’ Khalid and her direct
interests of Azimah Properties Sdn Bhd.
(iv) Super Racer Limited will emerge as a substantial shareholder of REB upon com

Tomorrow Reach...time wake up

scib..??

Kaz political standing is improving...hope Reac doing fine

quiet day

PAS useless political scrap

u need to know more.....then....SE bz as usual ????? all cosmetics drama..reality..... plummeting down the ravine of no return..all die

with the chinese , india and jpn demand for oil.... pipeline transportation quicken the export... global economy opeiing up....