Highlights
KLSE: REACH (5256)       REACH ENERGY BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.06   -0.005 (7.69%)  0.06 - 0.065  980,000
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Overview

Market Cap: 66 Million
NOSH: 1,096 Million
Avg Volume (4 weeks):1,713,626
4 Weeks Range:0.06 - 0.09
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.06 - 0.125
52 Weeks Price Volatility (%):
0.00%
Average Price Target: 0.18
Price Target Upside/Downside: +0.12
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2021 [#3]  |  30-Nov-2021
Next QR | Est. Ann. Date: 31-Dec-2021  |  29-Mar-2022
T4Q P/E | EY: -1.21  |  -82.40%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.43  |  0.14
T4Q NP Margin | ROE: -101.00%  |  -11.50%

Headlines

Date Subject
29-Mar-2021 PublicInvest Research Headlines - 29 Mar 2021

Business Background

Reach Energy Bhd is an oil and gas exploration and production company. It is principally engaged in the exploration, development, and sale of petroleum products in the Republic of Kazakhstan. The company earns the majority of its revenue from the sale of crude oil in the Republic of Kazakhstan.
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  9 people like this.
 
izoklse Among the last O & G counter which haven`t yet being push a lot. Anytime shark or operation can come push the price up like what happen to barakah.
16/10/2021 11:14 AM
newbie_2016 push baby push
18/10/2021 12:08 PM
newbie_2016 hahaha no gas to push?
18/10/2021 4:48 PM
651158 Anytime can Boom , just waiting the Boom is coming !
20/10/2021 8:26 AM
newbie_2016 Boooooooooooooooooooooooooooommmmmmmmmmm.... still waiting... yawn ;)
20/10/2021 10:57 AM
B4b4 20s coming soon
20/10/2021 12:50 PM
Leoleo Hey hey ong mali
21/10/2021 6:19 AM
B4b4 20s.....20s......20s.....
21/10/2021 8:59 AM
Boringguy hopefully coming qr give us surprise haha.

"
Emir-Oil has about 66 million barrels of oil equivalent (“MMboe”) remaining estimated 2P oil and gas reserves at the end of 2020.
To capture these reserves, 31 new development wells are required to be drilled. One of the strategies to increase production
immediately is to drill new development wells in prolific locations first, and conduct the remaining program in stages in accordance
with the Group’s financial capability. The drilling program will be commenced in the third quarter of 2021. "
21/10/2021 9:30 AM
newbie_2016 whaaaaaah hit 10 sen oledy!! Hope Q3 numbers green!!
21/10/2021 6:05 PM
newbie_2016 Hiyaaaaaa.. who lah sold down the price
22/10/2021 11:38 AM
Leoleo Ong mali hey
23/10/2021 5:22 AM
B4b4 20s coming
25/10/2021 11:30 AM
izoklse come on reach break that 10 sen
29/10/2021 10:06 AM
B4b4 20s coming soon
29/10/2021 2:31 PM
Leoleo Hey hey mali mali ong
29/10/2021 7:10 PM
newbie_2016 where is the ong? no mali mali? haiyaaaa...
01/11/2021 10:21 PM
newbie_2016 push push push....
02/11/2021 1:39 PM
newbie_2016 haiyaaa who lah so desparate and sell at 8.5 sen...
05/11/2021 12:08 PM
B4b4 20s coming
10/11/2021 7:07 AM
newbie_2016 hahahhahhahha there you go again...
10/11/2021 12:49 PM
newbie_2016 hope this coming quarters will show green!! Hib already boom.... Reach next??? crossing fingers!! :)
12/11/2021 12:04 PM
Orson Chin The cheapest oil and gas company … y all ppl don’t like this company ?! ?
15/11/2021 12:55 AM
newbie_2016 @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...
15/11/2021 9:43 AM
newbie_2016 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.
15/11/2021 2:48 PM
newbie_2016 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.
15/11/2021 11:50 PM
caesarlcy 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
17/11/2021 3:25 PM
caesarlcy buang harga pun tiada org nak beli share syarikat ni
17/11/2021 3:27 PM
newbie_2016 why is it @caesarlcy? shouldn't it be better than Hib??

I remember the previous ceo said its 'black gold'!!
17/11/2021 6:53 PM
warris buying asset but not comply in safety requirement......this kampung punya oil n gas......
17/11/2021 9:39 PM
newbie_2016 @warris can operate O&G company like that ka?
18/11/2021 2:32 PM
newbie_2016 i think they need to show good results first.. aftr that all hell break loose??
18/11/2021 6:36 PM
caesarlcy I think they are waiting for PN17, RM0.075 then RM0.04?0.03?Then....
19/11/2021 10:53 AM
newbie_2016 What's in MTD Capital mind?
19/11/2021 3:49 PM
newbie_2016 whats happening to Reach? I think the CEO or the Company should engage with the investors via the Edge etc
23/11/2021 4:39 PM
LKegg72 The story of titanic... hi ho..
23/11/2021 5:23 PM
Dennis8888 ATERIAL LITIGATION Reach Energy Berhad(“REB”或“公司”) - Emir Oil LLP 与曼吉斯托地区工业安全部在哈萨克斯坦的法庭案件

达能有限公司

类型公告
标的物诉讼
描述 Reach Energy Berhad(“REB”或“公司”) - Emir Oil LLP 与 Mangistau 地区工业安全部在哈萨克斯坦的法庭案件
我们参考了公司日期为 2021 年 11 月 17 日和 2021 年 11 月 19 日的公告,该公告涉及对公司主要子公司 Emir Oil LLP(“EO”或被告)提起的法院诉讼,涉及美国商务部的检查。 哈萨克斯坦共和国曼吉斯托地区的工业安全(“原告”)。



(以下简称“诉讼”)



Reach Energy Berhad(“REB”或“公司”)的董事会希望就上述事项提供以下额外信息:



原定于 2021 年 11 月 22 日举行的初步法庭听证会已推迟至 2021 年 11 月 30 日。法庭将决定是否有必要暂停 EO 的危险设施和技术设备。



本公司将在相关的进一步发展和/或收到法院的任何进一步指示时,向大马证券有限公司作出必要的公告。





本公告日期为 2021 年 11 月 23 日。
24/11/2021 1:57 AM
newbie_2016 why are problems keep plaquing Reach? Incompetent management and Board?
24/11/2021 8:52 AM
caesarlcy so keep or sell?this stock no eye see
24/11/2021 11:22 AM
newbie_2016 i wait for latest quarter announcement.. hope for the best
24/11/2021 11:59 AM
caesarlcy newbie i've lost 12k
24/11/2021 5:10 PM
newbie_2016 @nashvz how come they have all these OSHE issues? sabotage or plain negligence? what do you reckon?
25/11/2021 11:13 AM
nashvz 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
30/11/2021 10:19 AM
B4b4 Wait for QR.
30/11/2021 2:02 PM
newbie_2016 wow price going down... somebody knows something beforehand??
30/11/2021 4:17 PM
Dennis8888 any news today?
30/11/2021 5:01 PM
Timmy Tan 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.
30/11/2021 5:43 PM
newbie_2016 wooohooooo... Revenue increased!!!
30/11/2021 7:45 PM
newbie_2016 @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
30/11/2021 7:51 PM
newbie_2016 wow s weird! revenues goes up price goes down!! Something weird is going on!
01/12/2021 2:58 PM


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