Usually oil well has a life span.

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

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

Hi Mr Pang72, stay cool and relax

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

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

Take time, sir.

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.

No worry, volume very small

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

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.

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

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

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

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.

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

Petrochemicals, derived from oil, can be used in many other products even in some plastic chopsticks!

Correction in Reach share price creates an opportunity for investors

China leading global refinery boom followed by Africa and Middle East. More oil demand will lead to shortage

Mid term election..... 6th Nov

The personal consumption expenditures (PCE) index, a key measure of inflation, increased by 1.6 percent last quarter. This inflation number is somewhat lower than expected, hence the FED interest rate will not be so aggressive in the future. The US economy growth is 3.5% slightly higher than the forecasted 3.4%. This is good news showing that the US economy is not too bad after all.

Soon Iran sanctions start on 4th Nov. If Opec and Russia cannot pump up more oil, then there will be a shortage of oil, meaning oil price will spike up. Let's see how og stocks perform next week.

Dow down negative 500 points, but recovered a bit then closing down negative 296 points. Brent price up and closing 77. 66 b

Dow is down, but Brent is in green territory ie UP!

Dow Jones down 500 points but Brent price still very steady. Why? Simply...... The global demand for oil is ROBUST!

Tp 75s.....Revenue RM 77m .....profit RM 20m.....my calculation....

Buy buy buy now now now......cheap cheap .........

Opportunity to buy now. Have no fear. Oil is money and money is oil. 3 new areas Reach is searching and drilling for oil, ie Y-3, NK and Kariman Fields

http://theportcitynews.com/2018/09/05/opec-predicts-100m-bpd-oil-demand/

Global demand for oil is robust. Analysts said that soon the world will consume 100m bpd of oil.

Convert 2 Hibi and buy 5 Reach

Sell Hibi and buy Reach

Estimated Revenue is RM 77m and profit is RM 20m for the coming Qtr in Nov

Coming guys..... Going to shot up anytime. Reach, Hibi both doing fine

Relax guys.... Just wait for a while

Reach Energy earnings will jump up simply due to high oil prices

Reach Energy has 3 latest news which were important. 1. On 2018 Oct 1st, Reach has obtained authority approval to commence the trial production period of the NK Field, 2. The spudding of the exploration well, K-16 in the Kariman Field on the 6th October 2018, and 3. The finding of 34m of oil bearing reservoir in the Y-3 well in Yessen Field.

Well done !

Eating eating and keep eating.......oil is money .....money is oil.....

Reach Energy just found OIL in Y-3 , is like found MONEY !

The next Qtr result coming out soon in this Nov will be far better than the previous one simply because of higher production , better brent oil price and forex at 4.16 niw

As I speak , Reach is drilling for OIL in 3 areas , they are Yessen, Kariman and North Kariman Fields. Reach has great potential to be the next HIBISCUS

Buy buy buy NOW

Yes Franklim1989, Dow futures up because of good earnings from many companies and US 10 year yield dropped , meaning the interest rate will be steady

Opportunity time to buy now when ppl are selling cheap. Reach is a good long term investments having an area bigger than Singapore and lots of OIL underneath

Reach is drilling oil in Emir-Oil . So far very successful in Yessen Oil Fields. Now Reach is also digging in Kariman Oil Fields on 6th Oct 2018. Also trial production period has been approved for the NK wells !

Get out of hibi my friends , something is not right here. Go to Reach because Reach just found new oil well

Sell hibi and buy Reach now, guys

Reach discovered new oil well in Yessen-3 ie Y-3 as reported yesterday. To put in simplest terms it means Reach found money in the ground!

Oil price drop and up is normal. The demand for oil is still robust. Soon the world will need 100 M bpd of oil.