Posted by billionman > 2022-07-28 11:18 | Report Abuse

Q2Q
30-May-2022 31-Mar-2022 51,219 -5,061 2,934 366 5.73% 0.09% 0.00 0.00 0.37 100.58%+

Posted by billionman > 2022-07-28 11:23 | Report Abuse

reminisce Reach Energy Bhd (REB) has proposed to issue 1.03bn new ordinary shares at an issue price of 20.0 sen per share to undertake a debt settlement exercise involving RM206.5m owed to Super Racer Limited (SRL). At the same time, SRL and Cheung Siu Fai, acting in concert with SRL, intend to seek an exemption from the Securities Commission Malaysia from the obligation to undertake a mandatory take-over offer for the remaining REB shares and the outstanding warrants issued by REB expiring on 15th Aug 2022 on completion of the proposed debt settlement. The proposals are expected to be completed by 2H22. (The Star)

Posted by newbie_2016 > 2022-07-28 13:02 | Report Abuse

@billionman got commission eh? ;)

Posted by newbie_2016 > 2022-07-28 13:03 | Report Abuse

the warrant will expire with no conversion lah @Billionman....

Posted by billionman > 2022-07-28 17:13 | Report Abuse

ohhh better...... less dilution...... why no ppl interested conversion ..conversion rate based on current mother share

Posted by billionman > 2022-07-28 17:14 | Report Abuse

but still at lossssssss....die 2014 wA issued at ex price .75

Posted by billionman > 2022-07-28 17:17 | Report Abuse

Posted by newbie_2016 > 4 hours ago | Report Abuse

@billionman got commission eh? ;)
...............................

yeah waiting TP .80 c........ collecting .. can wait end yr when more wells bpd increase. hahahah

Posted by billionman > 2022-07-28 17:18 | Report Abuse

analyst forecast end 2022..peak 2023-2024 max production. And it will be sustainable for years..... fm my own analysis.....

Posted by billionman > 2022-07-28 17:20 | Report Abuse

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
Favourable Geological Conditions
Located in Western Kazakhstan the most prolific region in the country
Emir-Oil Concession Block is located in a proven oil region surrounded by other producing fields, such as the Zhetibai and Uzen oilfields

Developed Infrastructure
Major oil pipelines link Kazakhstan with Europe, via Russia, and China
Emir-Oil Concession Block is located close to export and distribution infrastructure centered around Aktau, Kazakhstan’s main Caspian Sea port

Posted by billionman > 2022-07-28 17:21 | Report Abuse

just sharing

Posted by billionman > 2022-07-28 17:24 | Report Abuse

if u read this...it helps to see the potential
https://eurodialogue.org/Will-Kazakhstan-oil-reach-Europe

Posted by billionman > 2022-07-28 17:30 | Report Abuse

Kazakhstan is is well known as the oil-rich country’s ........yet to be tapped.. REACH is lucky the only Malaysian oil&Gas company to operate here.......

Posted by billionman > 2022-07-28 17:37 | Report Abuse

The field O&G whose ultimate development price tag is estimated at more than $20 billion, lies in the shallows of the northern Caspian Sea. If gas reinjection is successfully implemented, it is expected to yield between 9-13 billion barrels of sweet, light crude, making it one of the world's top six deposits and the colossus of the Caspian region.

Kazakhstan is sparsely populated country--the size of Western Europe--in 2015 exporting 3 million bpd by. This is more than Russia exports today at that time and would place Kazakhstan among the world's top six exporters years to come.

Posted by cK1973 > 2022-07-29 12:35 | Report Abuse

Goreng counter is like that ma....
No worries.....
Anak sudah hangus tapi ada ibu lagi ma....
Lets start the ball rolling....

Posted by billionman > 2022-07-29 15:15 | Report Abuse

anak sudah buried.......gone

Posted by billionman > 2022-07-29 16:06 | Report Abuse

oil market appreciating...good outlook

Posted by billionman > 2022-07-29 16:49 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Big-Oil-Set-For-Blowout-Performance-But-What-Comes-Next.html

Posted by billionman > 2022-07-30 08:26 | Report Abuse

https://www.msn.com/en-gb/money/other/exxonmobil-and-chevron-shatter-profit-records-eurozone-inflation-hits-record-8-9-business-live/ar-AA105zYK?cvid=c091c0e9784f4ee897db4601d4899c6a

Posted by billionman > 2022-07-30 08:27 | Report Abuse

REACH will follow suit....hahahahaha

Posted by billionman > 2022-07-30 18:55 | Report Abuse

..High Oil Prices Spark A New Wave Of Exploration

By Alex Kimani - Jul 26, 2022, 7:00 PM CDT

Oil companies are reaping the benefits of high energy prices. 

Indebted American oil and gas companies, armed with improved balance sheets, are finally drilling again.

Oilfield services companies are among the biggest winners as demand soars on a favorable mix of exploration and offshore activity.

Posted by cK1973 > 2022-08-01 09:46 | Report Abuse

Still strong this counter and holding at 4.
Well, i m still waiting at 1
Goreng counter ma

Posted by cK1973 > 2022-08-01 09:55 | Report Abuse

aiyoyo, orang semua naik, u hibernate lagi ka ....
alamak....

Posted by newbie_2016 > 2022-08-01 11:53 | Report Abuse

@cK1973 hibernate coz nobody want to goreng Reach lah imho. How ah @Billionman???? Kepish??

Posted by billionman > 2022-08-01 14:55 | Report Abuse

waiting for dilution 1. conversion d 2. 1032 mil new issuance shares SRL still no news..timing ........

Posted by billionman > 2022-08-01 14:57 | Report Abuse

if lucky it will hit 1-2 cents or in the range 2-3 cents the baseline..may be....... hahaha..sharks too watching and eyeing with interest.. oil demand and pricing is going to be pivotal up trending.....

Posted by billionman > 2022-08-01 14:59 | Report Abuse

look in bskl where can you find O&G stock worth below .10 cents....

Posted by newbie_2016 > 2022-08-01 15:26 | Report Abuse

think share price oledy incorporate dilution ma

Posted by billionman > 2022-08-01 17:00 | Report Abuse

wait till 15 aug.......

Posted by billionman > 2022-08-01 17:01 | Report Abuse

or 5 aug ..conversion time frame....

Posted by billionman > 2022-08-01 18:11 | Report Abuse

Gann Support: 0.04/0.03 | Resistance: 0.05/0.06

Posted by cK1973 > 2022-08-03 10:20 | Report Abuse

Hujan . U tidur lagi ka…
Bangun laaaaa

Posted by cK1973 > 2022-08-03 10:20 | Report Abuse

Kesian dia…. 5c pun tak boleh lepas

Posted by billionman > 2022-08-03 11:21 | Report Abuse

waiting

Posted by newbie_2016 > 2022-08-03 15:20 | Report Abuse

waiting for ever... hehehehe

Posted by Understand > 2022-08-04 09:17 | Report Abuse

Gone case

Posted by newbie_2016 > 2022-08-04 10:00 | Report Abuse

@Understand Mr @Billionman thinks otherwise??? hmmmm ... what are we missing??

Posted by cK1973 > 2022-08-04 13:27 | Report Abuse

Mau jatuh, jatuh betul betul sampai bottom ma,
Mau naik, naik betul betul ma,
tiap tiap hari tidur......

Posted by newbie_2016 > 2022-08-05 10:29 | Report Abuse

gone case lor

Posted by Understand > 2022-08-06 11:36 | Report Abuse

Close shop.

Posted by newbie_2016 > 2022-08-06 18:37 | Report Abuse

inching up?

Posted by billionman > 2022-08-17 10:18 | Report Abuse

being away cruising in Medittrreanean

Posted by newbie_2016 > 2022-08-17 13:25 | Report Abuse

@Billionman... ex-date come and go oledy...

Posted by billionman > 2022-08-18 10:48 | Report Abuse

yeeah.... Reach never reach its destiny....how come.. NOSH still 1092 millions...nothing much of said introducibg new shares as previouslu annkuncenebts

Posted by billionman > 2022-08-18 10:48 | Report Abuse

previously announced@

Posted by billionman > 2022-08-18 10:49 | Report Abuse

NOSH still 1096 millns shares..correction

Posted by newbie_2016 > 2022-08-18 11:54 | Report Abuse

The new Honkie shareholder bought the new shared at 20 sen lah... he must know something??

Posted by billionman > 2022-08-18 20:38 | Report Abuse

true...what happens then sleep

Posted by billionman > 2022-08-18 20:39 | Report Abuse

..Reach Energy Bhd (REB) has proposed to issue 1.03bn new ordinary shares at an issue price of 20.0 sen per share to undertake a debt settlement exercise involving RM206.5m owed to Super Racer Limited (SRL). At the same time, SRL and Cheung Siu Fai, acting in concert with SRL, intend to seek an exemption from the Securities Commission Malaysia from the obligation to undertake a mandatory take-over offer for the remaining REB shares and the outstanding warrants issued by REB expiring on 15th Aug 2022 on completion of the proposed debt settlement. The proposals are expected to be completed by 2H22. (The Star)

Posted by billionman > 2022-08-18 20:40 | Report Abuse

now pass 15 aug...22....nothing moves..

Posted by billionman > 2022-08-23 11:40 | Report Abuse

no news