Brent oil is now 54.64 pb, Good strong demand for oil.

Inix will be the next Huaan. Get ready.

Brent demand is fantastic. China and South Korea are buying up oil in huge quantities.

Time to invest in Inix. Zero debts. Good cash flow. Good prospect for growth

Good time to buy Olympia shares. Short term Tp will be 20s. Lots of cash coming in from sales of Jupiter and development land too !

Brent now is US 54.49 pb. The price just keep getting better because of increasing demand. 95m barrels reserves and two new oil fields, North Kariman and Yessen will be making profit soon

Hi Indra Mian, Reach did not go down . It did not go up either. Relax , patience. Today I called it T3 and T4 day. As long as Brent oil is up, that means EP companies make profit.

Relax guys, now Brent is 54 pb, business is getting better . Just buy long term and wait for CPF to be completed

Profit from Galactic Maritime of 3m each for 2017 and 2018, plus the recent award of about 12m from the AG Department, it is time to buy and keep. Do not wait. This stock could be the next Huaan

My wild guess is Japan and South Korea are buying up the Brent oil and filling up their storage preparing for the worst outcome against NK. Besides the increasing global demand for oil from China, US and the European countries, there isn't enough oil due to poor investments in capex for the past 3 years eversince oil price plunge.

Higher oil price meaning good demand. Easy to sell brent oil. Easy to get bank loans. Easy to do business. Everything becomes easy when oil demand is GOOD !

Now Brent up by 1.4% ie 54.16 pb. Demand .........demand......for oil is just unbelievable.

3 reasons why Brent oil goes up. 1. Strong Demand. 2. Fantastic Demand. 3. Great Demand.

Nothing can go wrong with 95m Brent oil reserves in REB account.

Moving up , guys

Brent was 50, 51, 52, now 53 pb. Hopefully, will surge to 54 then 55, then............

Inix a sleeping counter waiting to ROAR again

NK show off only. No war , sir. Just play a fool with his toy missile. No worry lah. This counter very active lately. Any good news ?

Hi thinkfirst, you also here . Xinghe accounts very good. Zero-debts. Very good cash flow. I think can buy . Maybe the next Huaan

Buy and keep long term. 95m Brent oil reserves cannot go wrong, sir

Simple reason, sir. The glut supply is OVER !

The demand for oil is good. China, Japan , USA, even South Korea are buying up oil in huge quantities lately.

Brent price keeps getting on BETTER !

Brent still going up very strongly, ie 53.35 pb

WTI Crude up 1%, Brent also up.

Good to collect now. Since Brent price is stable.

Inix has good growth potential. Good to buy now. Maybe the next Huaan

Brent oil now above 52 pb.

Brent oil to hit 55 pb soon .

Wait till the CPF is completed, then we will see production of 20,000 bpd.

Euro Asian Oil Ag is the old name for Euro Asian Oil SA. Their headquaters is in Switzerland. They are wholesaler of crude petroluem and petroluem products. Fortunately , REB is doing business with them. The other customer is KazTransGaz ie KTG is for domestic use. REB just have to dig and keep digging until all the 95 m barrels are gone. By then REB will have enough cash to buy more assets and with their Investment Holdings can move on to downstream investments. Hoprfully the 0.29s now can become RM 2.90. Just have to buy long term, very long term and hold till 2019.

REB has two major customers buying their Brent Oil. Euro Asian Oil SA is a big name in selling oil to Europe and Asia. The other one is for domestic use. So no problem in selling the Emir-Oil. Now, Brent demand is very strong . The PMI of Caixin China and USA even Japan showed very strong expansion growth. Brent will hit 55 pb soon.

After Huricane Harvey, next coming is Huricane Isma

Brent up more than 4%

Hi guys, Huaan at 3s now fly to 16s. Perisai maybe can too. Nobody can say right or wrong.

Hi YLR33, I have done my research. Thanks for your kind concern. Truly appreciate it. Anyway, I am a calculated risk taker. I simply enjoyed the oil business industry. Thanks to the CEO Shahul Hamid who have done so much in such a little time. At least for the last 2 Qtrs, there is oil coming out from the Mangistau Oblast ground and selling to its major customer Euro Asia SA . Thanks again to you , YLR33. Have a good day , enjoy our Merdeka day. God bless.

Hi rohank71 and YLR33, don't worry so much about all those debts and expenditure. Just looked at 12,000 bpd x90 x 50 x 4.28 x 0.6 , then you will see that those expenditures and debts are very small indeed. If phase 2 of CPF is completed, then it will be 20,000 bpd x............If the two new oil fields North Kariman and Yessen come into contract production, then it will be much more than 20,000 bpd.

RM 2.3 B, RM 2.9B is NOT Capex , please do not confused with the term Work Program

It is not Capex sir, it is work program.

This news came from Edge Financial Daily dated 5 January 2017

As far as I know the CPF will be build by MIEH being a 40% partnership. Reach does not have to pay for the CPF at all.

Good luck and God bless

Oil business very easy to calculate , sir. In the meantime wait for EIA Report tonight at 10.30 pm and Friday report by Baker Hughes regarding oil rigs count. Yesterday API Report, huge draw down of about 5.78 b

Hibiscus and REB same business model. I was investing in Hibiscus b4, but now I buy LONG in REB simply because of 12,000 bpd. If phase 2 of CPF is completed then we will see 20,000 bpd. Lets hope Brent stay above USD 50 pb.

REB only take full control of Emir-Oil in 25 May 2017. That is why the oil production is only 3500 bpd of which only 60% is owned by REB.
By calculation it will be 3500 bpd x90 days x USD 50.4 x 0.6 x 4.28 = RM 40.77m

Anyway, all investments have RISK. I am looking at 2019 because of 12,000 bpd production. Waiting for that day to come.

Very simple YLR33, 5000 bpd , 90 days for a Qtr, 50 pb, 60% , forex 4.28, expenses plus interest about RM 50 m. Hence net profit from OG is RM 7.7m. However , the debts of RM 180 m must be quickly settled due to the high interest incurred. Thats why I kept saying Brent stay above 50 pb. In the meantime, lets hope the Phase 1 of CPF is completed soon and the two new oil fields ie North Kariman and Yessen comes into full contract production soon. Reach will go to even greater heights .

Hi rohank71, the CPF will be build by MIEH only as stated by the CEO, Shahul Hamid. Reach will just have to dig and sell oil, 40% goes to MIEH and 60 % profit is REB. That is called partnership. Since 25 May ie 3 months back, Emir-Oil is completely control by REB. With new technology , oil can by ramp up at lesser cost.

CEO Mr Shahul Hamid will certainly try to settle this 180m problem to save on the high interest. I hope this will be overcome in due time.

Be patient, Indra Mian, Reach Energy business model is very simple, just dig and sell Brent oil. This company has zero bank borrowings, no bonds, only owed partner MIEH.