Posted by Icon 888 > 2022-03-24 02:08 | Report Abuse

Oil 150 Boleh ke?

Posted by yangyang330 > 2022-03-24 06:42 | Report Abuse

share 0.055,like pn17 company，just keep and wait，200000 share only rm11000，if loss all，only rm11000，if win，umlited。for me，form me，if price down to 0.03，i will cut loss，controlling the risk

Posted by DonLee > 2022-03-24 10:02 | Report Abuse

https://www.investing.com/commodities/brent-oil?cid=1184864

Posted by DonLee > 2022-03-24 10:03 | Report Abuse

Reach cant sell oil for months . wow run before too late

Posted by yangyang330 > 2022-03-24 10:17 | Report Abuse

who can help write e-mail to company ，ask about transport export and oil production rises or not，my english no good

Posted by yangyang330 > 2022-03-24 10:21 | Report Abuse

donlee，u can see my post，oil transport use aqtau port，so oil can sell la

Posted by newbie_2016 > 2022-03-24 11:35 | Report Abuse

@DonLee got insider info meh?

Posted by TheContrarian > 2022-04-05 15:49 | Report Abuse

Reach suddenly got erection.

Posted by Orson Chin > 2022-04-05 16:01 | Report Abuse

Like morning stem stem only ….

Posted by newbie_2016 > 2022-04-05 16:49 | Report Abuse

good erection eh @TheContrarion? :)

Posted by newbie_2016 > 2022-04-05 16:49 | Report Abuse

green quarter I hope

Posted by TheContrarian > 2022-04-05 17:51 | Report Abuse

@newbie_2016, any erection is good. :-)

Posted by newbie_2016 > 2022-04-05 18:39 | Report Abuse

agreed... will be happier if it goes further north

Posted by izoklse > 2022-04-06 22:58 | Report Abuse

Crude Oil Exports From Kazakhstan’s CPC Terminal Resume

https://oilprice.com/Latest-Energy-News/World-News/Crude-Oil-Exports-From-Kazakhstans-CPC-Terminal-Resume.html

Posted by 651158 > 2022-04-07 08:00 | Report Abuse

Any result from reach

Posted by newbie_2016 > 2022-04-29 12:43 | Report Abuse

Hahahha... Just for fun, if the avg production BOE is 2,248, back of the envelop calc, the revenue this Q1 2022 will be around approximately RM63 to 65 million, (or more??)

Posted by Orson Chin > 2022-04-29 17:51 | Report Abuse

Oh no… auditor said got problem……. Pn17 soon

Posted by yangyang330 > 2022-04-29 20:54 | Report Abuse

sorry，can tell me will go to pn17 or not，i regretted not studied english well

Posted by melkeng888 > 2022-04-29 23:51 | Report Abuse

2020 ebitda negative (125m), at least 2021 ebitda positive 35m is very good turn around. with 2022 crude oil average stay above usd 100, confident this counter should be good bet. lets see end of may 1st qr out, if still running losses, then can consider this counter useless.

Posted by OKU_2020 > 2022-04-30 06:24 | Report Abuse

Gone case..!

Posted by newbie_2016 > 2022-05-02 17:24 | Report Abuse

Reach Energy Berhad (REB or the Company) - Issuance of Unqualified Audit Opinion with Emphasis of Matter on material uncertainty relation to going concern in respect of REBs audited financial statements for the financial year ended 31 December 2021
Pursuant to paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, kindly note that the Company's external auditors, PricewaterhouseCoopers PLT, have issued an unqualified audit opinion with emphasis of matter on material uncertainty relating to going concern, in view of the challenges arising from operational issues which have affected the Group’s ability to meet production targets and the volatility of crude oil price as a result of the uncertainties surrounding the industry caused by, among others, the COVID-19 pandemic and the Ukraine-Russia conflict, in respect of REB’s audited financial statements for the financial year ended 31 December 2021.

Posted by newbie_2016 > 2022-05-02 17:25 | Report Abuse

Hopefully Q1 2022 is a positive one..

Posted by LeoBaby > 2022-05-03 16:01 | Report Abuse

Why auditor ignore the fact brent price already up from 40 to 100 tikk last year dec. Going on concern totally ignore the fact brent price was at above 100 on dec.
Meaning it said reach cant survive even brent at 100 usd.

Posted by newbie_2016 > 2022-05-03 16:33 | Report Abuse

i think the production is not high enough even tho price skyrocketed... i understand there is 'export quota' that they have to apply.. the ones that they sell domestically not getting the high prices...

Posted by yangyang330 > 2022-05-03 22:51 | Report Abuse

not export quota problem，the problem is not have hight production，wish have 3000 one day，now juat 2200 only，highest record is 3300 one

Posted by newbie_2016 > 2022-05-04 22:03 | Report Abuse

why lower production? @yangyang330? root cause?

Posted by yangyang330 > 2022-05-05 05:05 | Report Abuse

2018 4Q production 3100 bopd。2021 4Q prodution 2248

Posted by yangyang330 > 2022-05-05 05:38 | Report Abuse

2020 oil price brent oil 20～50，cost of prodution is25～30，so the production at 2020 just 16xx，sell more loss more，now 2021，the oil price brent oil 100
，so you can see the production is up 2xxx，but the highest record is 3100 bopd per day，you can count how many earn money if the produxcion hit targe 3100

Posted by melkeng888 > 2022-05-05 10:59 | Report Abuse

root cause is covid + low brent crude price that cause them to reduce production. normally higher production will bring down the cost to normal at below usd 10 which mention in 2021 annual report.

Posted by melkeng888 > 2022-05-05 11:00 | Report Abuse

since the price stable above usd 100, they can start maximize the production back to 3000 bopd.

Posted by melkeng888 > 2022-05-05 18:33 | Report Abuse

buy and keep in safe for couple of years....

Posted by UPlanet > 2022-05-06 10:13 | Report Abuse

Rubbish counters with rubbish management… collapse? Will capital reduction???

Posted by TheContrarian > 2022-05-06 10:22 | Report Abuse

Bought at 4 sen.

Posted by melkeng888 > 2022-05-06 11:32 | Report Abuse

look like internal people knowing something rotten news will be out thats why sell fast

Posted by newbie_2016 > 2022-05-06 18:24 | Report Abuse

@TheContrarian wow nice!! congrats!!

Posted by UPlanet > 2022-05-08 20:19 | Report Abuse

Fast fast down to 0.5cent!!! Then can buy in with no fear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by newbie_2016 > 2022-05-11 11:36 | Report Abuse

still waiting for 0.5 sen!! hmmm

Posted by melkeng888 > 2022-05-11 15:18 | Report Abuse

wait slowly like brahim announced that it going to delist.

Posted by B4b4 > 2022-05-11 16:26 | Report Abuse

Buy

Posted by Bright888 > 2022-05-11 20:46 | Report Abuse

Brahim NTA is negative 31s whereas Reach NTA is positive 37s.

Posted by DonLee > 2022-05-14 21:30 | Report Abuse

but Brahim biz is otw back to pre pandemic

Posted by yangyang330 > 2022-05-14 22:38 | Report Abuse

just wait qr out，if loss，game over。if profit，go to sky

Posted by melkeng888 > 2022-05-17 02:09 | Report Abuse

lets wait, very soon got shock news.

Posted by yangyang330 > 2022-05-17 04:27 | Report Abuse

good news or bad news？

Posted by B4b4 > 2022-05-17 09:24 | Report Abuse

Buy

Posted by B4b4 > 2022-05-17 09:24 | Report Abuse

Buy Reach Energy now

Posted by Bright888 > 2022-05-17 09:45 | Report Abuse

Reach is good. Buy Reach

Posted by TheContrarian > 2022-05-17 10:23 | Report Abuse

Go, go, go Reach, make us rich. Haha.

Posted by newbie_2016 > 2022-05-17 11:21 | Report Abuse

@TheContrarian very faithful to Reach!! All the best to you!

Posted by TheContrarian > 2022-05-17 11:27 | Report Abuse

I see value in Reach. Only the substantial shareholders are weak.