Posted by newbie_2016 > 2021-11-01 22:21 | Report Abuse

where is the ong? no mali mali? haiyaaaa...

Posted by newbie_2016 > 2021-11-02 13:39 | Report Abuse

push push push....

Posted by newbie_2016 > 2021-11-05 12:08 | Report Abuse

haiyaaa who lah so desparate and sell at 8.5 sen...

Posted by B4b4 > 2021-11-10 07:07 | Report Abuse

20s coming

Posted by newbie_2016 > 2021-11-10 12:49 | Report Abuse

hahahhahhahha there you go again...

Posted by newbie_2016 > 2021-11-12 12:04 | Report Abuse

hope this coming quarters will show green!! Hib already boom.... Reach next??? crossing fingers!! :)

Posted by Orson Chin > 2021-11-15 00:55 | Report Abuse

The cheapest oil and gas company … y all ppl don’t like this company ?! ?

Posted by newbie_2016 > 2021-11-15 09:43 | Report Abuse

@Orson Chin I think ppl want to see if they can show green ticks in their quarterly numbers like Hibiscus.. then limit up loh hehheeheheh...

Posted by newbie_2016 > 2021-11-15 14:48 | Report Abuse

Good news I reckon!!

MATERIAL LITIGATION REACH ENERGY BERHAD ("REB" or "The Company") - Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
REACH ENERGY BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description REACH ENERGY BERHAD ("REB" or "The Company") - Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
We refer to the Company’s announcement dated 17 November 2020 and 20 November 2020 in respect of the Statement of Claim received by the Company’s sub-subsidiary, Emir Oil LLP (“EO” or “the Defendant”) from Ministry of Energy (“MOE” or “Plaintiff”) in Kazakhstan on violation of Gas dispersion from open tanks.



The Board of Directors of Reach Energy Berhad (“REB” or “the Company”) would like to update that the Court in Kazakhstan (“the Court”) had on 10 November 2021 ruled that the penalty amount had been decreased from RM7,292,000 (KZT 760,000,000) to RM3,733,000 (KZT 385,556,487) to be recovered from EO.



Currently, the Company is seeking necessary legal advice for further action. The Company will make necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.



This announcement is dated 11 November 2021.

Posted by newbie_2016 > 2021-11-15 23:50 | Report Abuse

wow!! Good news one after the other!!

MATERIAL LITIGATION Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
REACH ENERGY BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
We refer to the Company’s announcement dated 17 November 2020 ,19 November 2020 and 20 November 2020 in respect of the Statement of Claim received by the Company’s sub-subsidiary, Emir Oil LLP (“EO” or “the Defendant”) from Ministry of Energy (“MOE” or “Plaintiff”) in Kazakhstan on the violation of gas dispersion at the operating EO facilities.



The Board of Directors of Reach Energy Berhad (“REB” or “the Company”) would like to update that the Court in Kazakhstan (“the Court”) had on 12 November 2021 ruled that the penalty amount had been decreased from RM3,181,000 (KZT 332,271,208) to RM619,000 (KZT 64,012,814) to be recovered from EO.



Currently, the Company is seeking necessary legal advice for further action. The Company will make necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.



This announcement is dated 15 November 2021.

Posted by caesarlcy > 2021-11-17 15:25 | Report Abuse

wow reach ini betul2 share yang sangat bagus. Bila Oil price increase to USD84 dia 0.005sen pun tak naik lagi turun ke 0.075, management betul2 pandai manage syarikat

Posted by caesarlcy > 2021-11-17 15:27 | Report Abuse

buang harga pun tiada org nak beli share syarikat ni

Posted by newbie_2016 > 2021-11-17 18:53 | Report Abuse

why is it @caesarlcy? shouldn't it be better than Hib??

I remember the previous ceo said its 'black gold'!!

Posted by warris > 2021-11-17 21:39 | Report Abuse

buying asset but not comply in safety requirement......this kampung punya oil n gas......

Posted by newbie_2016 > 2021-11-18 14:32 | Report Abuse

@warris can operate O&G company like that ka?

Posted by newbie_2016 > 2021-11-18 18:36 | Report Abuse

i think they need to show good results first.. aftr that all hell break loose??

Posted by caesarlcy > 2021-11-19 10:53 | Report Abuse

I think they are waiting for PN17, RM0.075 then RM0.04?0.03?Then....

Posted by newbie_2016 > 2021-11-19 15:49 | Report Abuse

What's in MTD Capital mind?

Posted by newbie_2016 > 2021-11-23 16:39 | Report Abuse

whats happening to Reach? I think the CEO or the Company should engage with the investors via the Edge etc

Posted by LKegg72 > 2021-11-23 17:23 | Report Abuse

The story of titanic... hi ho..

Posted by newbie_2016 > 2021-11-24 08:52 | Report Abuse

why are problems keep plaquing Reach? Incompetent management and Board?

Posted by caesarlcy > 2021-11-24 11:22 | Report Abuse

so keep or sell？this stock no eye see

Posted by newbie_2016 > 2021-11-24 11:59 | Report Abuse

i wait for latest quarter announcement.. hope for the best

Posted by caesarlcy > 2021-11-24 17:10 | Report Abuse

newbie i've lost 12k

Posted by newbie_2016 > 2021-11-25 11:13 | Report Abuse

@nashvz how come they have all these OSHE issues? sabotage or plain negligence? what do you reckon?

Posted by nashvz > 2021-11-30 10:19 | Report Abuse

not sure, but i wont be buying anymore. just want to ride up. another huge bargain is dayang, that can move rapidly. just need to buy while low

Posted by B4b4 > 2021-11-30 14:02 | Report Abuse

Wait for QR.

Posted by newbie_2016 > 2021-11-30 16:17 | Report Abuse

wow price going down... somebody knows something beforehand??

Posted by Dennis8888 > 2021-11-30 17:01 | Report Abuse

any news today?

Posted by Timmy Tan > 2021-11-30 17:43 | Report Abuse

Upstream O&G company will normally avoid those countries that name end with "tan". Why reach energy still decide to go there? Because it was a SPAC and time was running up, so cincai acquire something so that no need to return the money to shareholder. Hibiscus was lucky that Shell wanted to divest their Malaysia asset, but even then, insider all know those fields are very old and need to fork out a lot to decommission in the future. Nevertheless, it was still a much better acquisition as compared to Reach's.

Posted by newbie_2016 > 2021-11-30 19:45 | Report Abuse

wooohooooo... Revenue increased!!!

Posted by newbie_2016 > 2021-11-30 19:51 | Report Abuse

@Timmy Tan.... if what you say is true, I wonder if Chevron of all people made THAT kind of mistake??? hhhhmmmmm

https://www.chevron.com/projects/tengiz-expansion

Posted by newbie_2016 > 2021-12-01 14:58 | Report Abuse

wow s weird! revenues goes up price goes down!! Something weird is going on!

Posted by B4b4 > 2021-12-06 09:04 | Report Abuse

Buy Reach now since the Omicron virus is not deadly and the cases in US, Germany and S Africa have reduced tremendously. Furthermore, the oil prices is moving upwards.

Posted by B4b4 > 2021-12-06 15:39 | Report Abuse

In the last QR, Reach production is 2321 bpd and the cost of production is less than USD 10 pb

Posted by newbie_2016 > 2021-12-06 19:29 | Report Abuse

wow!! improvement from the 1.8/1.9k previous year!! NOt bad for a transformation or turnaround!!

Posted by Bright888 > 2021-12-07 06:10 | Report Abuse

Fantastic, oil prices recovered . A big jump of 5.5% ie Brent now is USD 73.72 as the Omicron fears eases . Dow shot up more than 600 pts!

Posted by B4b4 > 2021-12-07 06:14 | Report Abuse

Reach Energy recorded EBITDA of RM 19.1 million for the last QR ie 3rd Qtr as compared to EBITDA of RM 8.0 million in the 2nd Qtr of 2021.

Posted by newbie_2016 > 2021-12-07 10:30 | Report Abuse

Revenue next quarter will be higher is production continues above 2.3k per day and price above usd70 per barrel!! Yay!!

Posted by B4b4 > 2021-12-08 12:18 | Report Abuse

Patience, bro. Just be a little bit sabar. No need to hurry.

Posted by B4b4 > 2021-12-09 08:43 | Report Abuse

Reach Energy, the 9 months cumulative results is good. Total revenue for the first 9 months of FY 2021 is RM 96m, net profit is RM 10m. Cash flow from operating activities is RM 47.490 m

Posted by Bright888 > 2021-12-10 08:26 | Report Abuse

Wah....Reach Energy , NTA is 43s, selling so cheap now less than 10s.

Posted by B4b4 > 2021-12-10 10:41 | Report Abuse

Brent price is stable, above 74 pb

Posted by Dennis8888 > 2021-12-10 23:17 | Report Abuse

Reach
1.QR Report Good
2.Court Case Settlle
3.Comming.........!

Posted by B4b4 > 2021-12-13 09:10 | Report Abuse

Yes, Dennis 8888, thanks for the good news regarding the court case. Reach WON the case. Now, nothing is going to stop Reach Energy from going up. Good oil price, low cost of production ie less than USD 10 pb.

Posted by newbie_2016 > 2021-12-13 10:20 | Report Abuse

Yes!! Can't wait for limit up!!!

Posted by B4b4 > 2021-12-14 09:11 | Report Abuse

In early 2021, Brent price was only about USD 50 pb. Now Brent is 74

Posted by B4b4 > 2021-12-14 09:13 | Report Abuse

Cost of production was USD 16 pb in year 2020. Now, the cost is less than USD 10 pb.

Posted by newbie_2016 > 2021-12-14 10:32 | Report Abuse

waaahh B4b4 you promoter of Reach ka?

Posted by Bright888 > 2021-12-14 12:02 | Report Abuse

B4b4 has knowledge in og stocks