Posted by GoodBoy > 2018-10-24 17:04 | Report Abuse

Duit dalam FD lebih selamat ... hahaha ...

Posted by SuperPanda > 2018-10-24 17:07 | Report Abuse

tapi panda agree dgn dragon, harga mcm mau turun lagi.. stdby bullet for 100 lots final collection

Posted by B4b4 > 2018-10-24 17:09 | Report Abuse

Brent price will go up . Iran sanctions coming on Nov 4 th. Middle East tensions always a big problem. Oil goes down and up is normal. Just wait for the next Qtr results which is expecting to be excellent.

Posted by Bapaklangkau > 2018-10-24 17:10 | Report Abuse

Harlo, same drop 8% as Hibi nicee

Posted by pang72 > 2018-10-24 17:11 | Report Abuse

Wow..
385...

Very near to my tp35

Posted by wilsonchan87 > 2018-10-24 17:12 | Report Abuse

Oil already started downtrend. please face to reality, USD rally will push down every commodities included oil.

Posted by paktua73 > 2018-10-24 17:17 | Report Abuse

waaaaaa waaaaaaa
betui betui boat lastik bocor pcusuhhhhhhhhh
waaaaaaaa waaaaaaaaaa

tut tut
gluppppp glupppppppp
sink in hibiskuskus red sea

Posted by Bapaklangkau > 2018-10-24 17:34 | Report Abuse

My boat gonna float in oil

Posted by paktua73 > 2018-10-24 17:58 | Report Abuse

Waaaa betui2 dragon..
Dah bocor Tapi belom karam..
We same #babaklangkau*
Waaaa Waa

Tut tut
Ksram di lautan minyak hitam

Posted by Nicholasming91 > 2018-10-24 18:08 | Report Abuse

Black gold will rebound buy buy buy

Posted by kimyu1995 > 2018-10-24 18:08 | Report Abuse

tomolo reach might fly…

Posted by B4b4 > 2018-10-24 18:14 | Report Abuse

Yes, good positive news from Yessen - 3 exploration oil well from Kazakhstan. Up to 34m of oil bearing reserves are tested. CEO said that this discovery highlight the vast exploration upsides.

Posted by Franklim1989 > 2018-10-24 18:20 | Report Abuse

Alamak,oil price drop come out the announcement..but sure can help abit..

Posted by B4b4 > 2018-10-24 18:36 | Report Abuse

Sometimes the drilling for oil well can be a dry well, then waste money. Yessen-3 has been drilled up to 3615.6m, and discovered OIL up to 34 m of oil-bearing reservoir. Yessen-1and Yessen-2 also has discovered oil. This augurs well for REACH ENERGY.

Posted by SuperPanda > 2018-10-24 19:17 |

Post removed.Why?

Posted by SuperPanda > 2018-10-24 19:18 | Report Abuse

next go to sleep mode and come back end nov

Posted by Nicholasming91 > 2018-10-24 19:36 | Report Abuse

Should have announce it earlier to buffer the drop haha

Posted by Nicholasming91 > 2018-10-24 19:38 | Report Abuse

This old man damn geng in searching oil wells.

Posted by ran777rpt > 2018-10-24 19:46 | Report Abuse

Reach Energy said Y-3 exploration well to lift reserves

By Tan Xue Ying | 2018-10-24 19:35:23
KUALA LUMPUR (Oct 24): Reach Energy Bhd said it has yielded “positive results” from the Yessen-3 (Y-3) exploration well in its Emir Oil Concession Block onshore Kazakhstan, which is expected to contribute to the company's reserves due for update early next year.

The group said in an exchange filing today the Y-3 well has now been safely and successfully completed as budgeted, and will now enter the next stages.

“The well penetrated the Mid-Triassic carbonate reservoirs, with a total depth (True Vertical Depth Subsea, TVDSS) of 3,615.6 metres. The Y-3 well has been safely and successfully completed as budgeted.

“Preliminary log evaluation indicated up to 34 meters of oil-bearing reservoir. Two out of three intervals have been perforated and tested, flowing oil and gas. Future work in the near term includes perforating the remaining untested interval to confirm positive log evaluation,” it said in the filing.

Reach Energy said additional work is currently being undertaken to establish the full potential of this discovery, and integrate the newly obtained geological data and understanding with the Block-wide data gathered to date.

In addition to the previous exploration wells in the vicinity (Yessen-1 and Yessen-2), the group said it has confidence in obtaining a production licence for the Yessen field next year.

“The results of this well indicate a larger hydrocarbon accumulation on the Yessen structure. The success of Y-3 well represents a continuation of 100% success rate in oil discoveries in the Yessen Field, as previous exploration wells in the vicinity (i.e. Yessen-1 and Yessen-2) have also discovered oil.

“The positive results of the aforementioned wells underline the company’s confidence in obtaining a Commercial Production License for the Yessen Field as early as 2019,” it said.

Reach Energy chief executive officer Shahul Hamid Mohd Ismail said the results of the Y-3 test production has been encouraging, in terms of the full block potential of Emir Oil.

“This discovery highlights the vast exploration upsides that the Emir-Oil Concession Block has, and we look forward to further exploration successes such as this with our upcoming exploration wells in the near term.

"We expect this development to have a positive impact to our reserves, which is due to be updated early next year by our reserves auditor, Gaffney, Cline and Associates,” he added.

Currently, Emir-Oil’s 2P reserves stands at 81 million barrels of oil equivalent (mmboe).

Shares in Reach Energy fell 3.5 sen or 8.33% to close at 38.5 sen today, bringing it a market capitalisation of RM

Posted by Nicholasming91 > 2018-10-24 19:55 | Report Abuse

10 floors of reserve js quite a lot wooo

Posted by Franklim1989 > 2018-10-24 20:10 | Report Abuse

B4b4 you got research right?Reach 95m reserve oil and now 34m TOTAL 129m reserve oil right?

Posted by Faiza > 2018-10-24 20:17 | Report Abuse

What is the reserve volume; production cost per barrel; production volume present & future; capex;etc

Posted by DreamConqueror > 2018-10-24 20:43 | Report Abuse

It's that Saudi oil minister spooking the oil markets completely with another flip flop call in oil policy. Those idiots just can't seem to decide for a long enough time what it is that they really want. Whether oil price rising high, or dropping low or staying stagnant somewhere in the middle.

One day they say that Saudi is going to drive oil up to $200 if Donald Trump pushes them too far. Then, just couple days later, becos of pressure regarding Kashoggi, and fear that their new economic programme will be boycotted by US investors, they capitulate completely & announce that they will make up completely any shortfall resulting from Iranian sanctions.

Fukkin lame cowardly pussies, them all. OPEC is now useless & impotent. Shud be disbanded completely, and a new global oil organisation set up to take over. Then other new non-OPEC guys like Russia, Norway etc. can come in & take over the leadership. Malaysia can play deputy or even assistant deputy. Saudi as leader both sucks & stinks. Big time.

Posted by DreamConqueror > 2018-10-24 20:45 | Report Abuse

We shall only see come Nov 4. Then only will we know if Saudi can really make up for the Iranian shortfall, or if they're only talking big through their stinkin arse. Again. As usual.

Posted by B4b4 > 2018-10-24 21:11 | Report Abuse

Hi Franklim1989, oil reserves are categorize into three parts ie 1P, 2P and 3P. ie 24.607 MMBOE, 80.953 MMBOE and 150.009 MMBOE respectively. Now, the best part is Y-3 exploration well was drilled and completed as budgeted.

Posted by GoodBoy > 2018-10-24 21:12 | Report Abuse

FBM small cap index drop to lowest in 5 years, it's at March 2013 level now ... Investors are fleeing/cashing out ... Be cautious ...

Posted by moneypedia > 2018-10-24 21:15 | Report Abuse

lalalalalalala kesah rumah la tangga ala ala siaja,eha kalau mencali isteli ala abg biaq la betul2. kalo mencali isteli ala abng jangan la queen kontol...lalalalalala...

Posted by kimyu1995 > 2018-10-24 21:24 | Report Abuse

rise back 77 edi！

Posted by Alibaba > 2018-10-24 21:30 | Report Abuse

Guys... As long brent is above $75 til year end. It will be a good QR at end Nov. No doubt.

Posted by PresidentRotiCanai > 2018-10-24 21:36 | Report Abuse

Those panic sellers would cry tomorrow.haha

Posted by Nicholasming91 > 2018-10-24 22:02 | Report Abuse

Dreamconq is back, noone here to support this counter only say pangsai. Yes same thought they talk big afraid of Khashoggis death US will put sanctions on them, if they cannot meet the supply, even if they have spare, still gg price will spike 99

Posted by WealthSoWonderful > 2018-10-24 22:04 | Report Abuse

Brent now climbing back up to 77

Posted by Alibaba > 2018-10-24 22:07 | Report Abuse

I am always Reach supporter !~

Posted by WeiZian Chin > 2018-10-24 22:41 | Report Abuse

buy more...when below 0.40

Posted by Fantastico > 2018-10-24 22:43 | Report Abuse

I bring good news, US oil inventory lower than expected by 200k barrels... Brent price holding up very well tomorrow should be good day for Reach

Posted by FortuneBlooming > 2018-10-24 22:45 | Report Abuse

November 4 getting nearer & nearer

Posted by lindako > 2018-10-24 22:48 | Report Abuse

Follow buy

Posted by Alibaba > 2018-10-24 22:50 | Report Abuse

Buy more at lower price. down average

Posted by BountyOfTheBourse > 2018-10-24 22:51 | Report Abuse

Northern hemisphere winter also not so far away

Posted by Fantastico > 2018-10-24 22:57 | Report Abuse

Steady Bounty, winter you also take into account, really sifu must learn from you

Posted by Nicholasming91 > 2018-10-24 23:01 | Report Abuse

Winter is coming.......

Posted by moneypedia > 2018-10-24 23:04 | Report Abuse

dow jones is now fallin down fallin down
dow jones is now fallin down miow miow miow miow

Posted by Fantastico > 2018-10-24 23:04 | Report Abuse

will affect reach or not hopefully not, fall almost 200 d

Posted by CoolBull > 2018-10-24 23:06 | Report Abuse

You can sell something for $85 by producing less. Now, why would you want to be working much harder in order to produce more, and then be selling for $70. Beats me.

:-C

Posted by Nicholasming91 > 2018-10-24 23:50 | Report Abuse

Thats the stupidity of Humanity.

Posted by ProsperousRealm > 2018-10-25 00:12 | Report Abuse

Four years ago, they intentionally made the oil price crash from $120 down to $35. And they believed that it would be good for them.

Now, two weeks ago, they sent well over a dozen army thugs to torture & kill a harmless middle aged part-time journalist in a consulate of theirs in Istanbul, and expect that they can easily cover it up & pass it off as an unintended accidental death. After trying to bluff that the man had already gone out of the building.

There is simply no end to Saudi stupidity.

Posted by ProsperousRealm > 2018-10-25 00:39 | Report Abuse

Brent gone up past 77 now. Looking strong. Could be breaching 78 by tomorrow.

Posted by ProsperousRealm > 2018-10-25 00:47 | Report Abuse

Forget about Dow Jones. Oil company profit in Malaysia is not impacted whatsoever by trends in DJIA.

Posted by DreamConqueror > 2018-10-25 02:06 | Report Abuse

Latest developments:

REUTERS Oct 24, 2018, 09.18 PM IST

France could impose Saudi sanctions if guilt in Khashoggi killing proved

https://economictimes.indiatimes.com/news/international/world-news/france-could-impose-saudi-sanctions-if-guilt-in-khashoggi-killing-proved/articleshow/66351794.cms

Posted by Want2Win > 2018-10-25 02:40 |

Post removed.Why?