Posted by WealthSoWonderful > 2018-10-29 00:35 | Report Abuse

Brent holding well above 77

Posted by GoldenHarvest1 > 2018-10-29 00:57 | Report Abuse

Could be breaching 78 soon

Posted by xxxx > 2018-10-29 06:21 | Report Abuse

Soon? How soon? It was only 38.5 on Friday. Talk rot.

Posted by Nicholasming91 > 2018-10-29 07:31 | Report Abuse

Newbie xxxx u wanna get crushed ?

Posted by 偉國 > 2018-10-29 07:56 | Report Abuse

They talking brent reach 78, not REACH for 78 sen

Posted by Franklim1989 > 2018-10-29 07:57 | Report Abuse

Brent 77.77..today reach 0.455 no problem

Posted by Ziko Ro > 2018-10-29 08:35 | Report Abuse

Go ahead !!

Posted by Franklim1989 > 2018-10-29 08:36 | Report Abuse

Guy maybe some news effect oil price keep moving up...Saudi Arabian or Iran panunishment..

Posted by Alibaba > 2018-10-29 08:37 | Report Abuse

Brent is very strong today ~ !

Posted by samuel > 2018-10-29 08:41 | Report Abuse

78 lo....

Posted by The speculators The speculators > 2018-10-29 08:42 | Report Abuse

THIS MONTH QR COMING, Iran sanction coming , Saudi maybe decreasing output

Posted by Bapaklangkau > 2018-10-29 08:43 |

Post removed.Why?

Posted by Jeffrey Ng > 2018-10-29 08:52 | Report Abuse

this is totally stupid comment... what to do with msia budget & international oil price? don't make sense at all... true investor wont care about all negative comment.. its only case on value investing..

Posted by Bapaklangkau > 2018-10-29 08:53 |

Post removed.Why?

Posted by Bapaklangkau > 2018-10-29 08:54 | Report Abuse

What's wrong with waiting for another week?

Posted by B4b4 > 2018-10-29 08:56 | Report Abuse

Brent price still good, now in green up ie USD 77.99 pb. Reach still making profit since it is rangebound 70-80 pb

Posted by Jeffrey Ng > 2018-10-29 09:00 | Report Abuse

Morning B4b4, what different between Hibiscus & Reach?

Posted by Ziko Ro > 2018-10-29 09:01 | Report Abuse

Wow 40 sen

Posted by syafwan92 > 2018-10-29 09:04 | Report Abuse

support

Posted by B4b4 > 2018-10-29 09:06 | Report Abuse

Hibi is off shore and needed more money for oil exploration in the deep seas whereas Reach is on shore and need lesser money for oil exploration. Both have very very little DEBTS.

Posted by B4b4 > 2018-10-29 09:08 | Report Abuse

Hibi Anasuria is old well, that is why Hibi has to buy new Wells in the North Sea recently whereas Reach is new Wells from 17 last year May increased to 25 oil Wells this year May

Posted by B4b4 > 2018-10-29 09:11 | Report Abuse

Reach oil production rate keep on increasing ie June 18--3200 bpd, July 18 - 4300 bpd, Aug 18 - 4400 bpd and Sept 18-5400 bpd

Posted by B4b4 > 2018-10-29 09:13 | Report Abuse

Just wait for the completion of CPF in 3Q 19, then Reach can have 12000-20000 bpd

Posted by Jeffrey Ng > 2018-10-29 09:20 | Report Abuse

Hi B4b4, How much oil reserve Hibiscus & Reach have right now? how about in term of profit? revenue?

Posted by B4b4 > 2018-10-29 09:24 | Report Abuse

Based on my calculations the oil reserves in Reach is so much and can last more than year 2036. Hibi reserves.... so sorry, I did not research that area yet. My calculations tell me that Reach Revenue is RM 77 m and profit RM 20 m.

Posted by Jeffrey Ng > 2018-10-29 09:31 | Report Abuse

thank you B4b4, in your opinion, in the future, all replacement by robotic, even automotive now getting swift to electronic? will it impact oil price?

Posted by B4b4 > 2018-10-29 09:53 | Report Abuse

Oil at 80 pb is considered so cheap and affordable by many, why Tesla want to produce EV which is so expensive. That is why Tesla EV is not selling

Posted by syafwan92 > 2018-10-29 10:30 |

Post removed.Why?

Posted by Franklim1989 > 2018-10-29 10:53 | Report Abuse

Afternoon reach will UP..Morning not yet

Posted by B4b4 > 2018-10-29 11:00 | Report Abuse

No worry, volume very small

Posted by WeiZian Chin > 2018-10-29 11:05 | Report Abuse

queue at 0.35-36 buy...haha

Posted by B4b4 > 2018-10-29 11:10 | Report Abuse

Reach and Hibi, both are different EP og stocks. Anasuria Clusters of Hibi is an old well which bought over from Shell. Reach has new Wells discovered in Yessen 3, NK and Kariman Fields lately. These new discovery will increased the oil production greatly.

Posted by Ziko Ro > 2018-10-29 12:53 | Report Abuse

REACH can be RICH !! ha ha

Posted by B4b4 > 2018-10-29 13:17 | Report Abuse

Take time, sir.

Posted by teoh1128 > 2018-10-29 13:19 | Report Abuse

B4b4 may i know where you got the monthly production figure of June 18--3200 bpd, July 18 - 4300 bpd, Aug 18 - 4400 bpd and Sept 18-5400 bpd .tq

Posted by B4b4 > 2018-10-29 13:24 | Report Abuse

Please go to Reach Energy Website, teoh1128. There are so many interesting news to read, sir.

Posted by teoh1128 > 2018-10-29 13:28 | Report Abuse

tqvm.

Posted by B4b4 > 2018-10-29 13:57 | Report Abuse

You are welcome teoh1128. Anything please share in i3 forum. Thanks

Posted by pang72 > 2018-10-29 14:20 | Report Abuse

What is the lesson learn for today?
Average down , don't buy so much...Average every day?
Guarantee method?

Posted by B4b4 > 2018-10-29 14:27 | Report Abuse

Hi Mr Pang72, stay cool and relax

Posted by Faiza > 2018-10-29 14:28 | Report Abuse

What is their production cost per barrel?

Posted by GoodBoy > 2018-10-29 14:53 | Report Abuse

Price going lower day after day ... holding cash in hand is the best choice ... hahaha ...

Posted by B4b4 > 2018-10-29 14:57 | Report Abuse

Production cost is USD 6.37 pb, but now the oil is send to Ansagan by pipelines which will cut cost even more.

Posted by Nicholasming91 > 2018-10-29 15:01 | Report Abuse

Yup they send by pipelines directly to customers . save a lot

Posted by BountyOfTheBourse > 2018-10-29 15:05 | Report Abuse

Sometimes, price kicks back up in afternoon. So, panic selling types, better steady up & be careful.

Posted by B4b4 > 2018-10-29 15:09 | Report Abuse

Why does Hibi keep falling? The answer is very simple. Anasuria Clusters is an old well bought from Shell a few years ago.

Posted by B4b4 > 2018-10-29 15:10 | Report Abuse

Usually oil well has a life span.

Posted by B4b4 > 2018-10-29 15:14 | Report Abuse

Reach oil well are new and fresh. Their life span can go up to year 2036

Posted by FortuneBlooming > 2018-10-29 15:21 | Report Abuse

Oil price still good. No reason for nervousness-driven selling at 37.5 sen. Other than temporary anxieties regarding budget, Gamuda, new taxes etc. Then after anxieties subside, panic buying back @40 later. This is not prudent investing.

A good investor needs to be in control of his fears, not let his fears be in control of him.

Posted by BillyK > 2018-10-29 15:36 | Report Abuse

b4b4
oil reserve 81m, why is the production so low around 3K barrel per day
what is holding the production?
if not mistaken they are not holding 100% equity in the oil fields, around 60%?