Has the creditors accepted APFT Proposal? If not there are going to be a lot of court cases in the pipeline!

Don't Worry Owner Faruk Othman will continue putting in his money into company to avoid insolvency.....but business will continue to slide downwards

ha ha ha....

speakup. It should be obvious by now that the YES voters such as TH, MTD etc came into Reach for the long term. The lower the share price the better for them. They will be happy to buy up anyone exiting now to further increase their stake. So guys lock up your shares and wait out for at least 2-3 more years....

fauzan....Wishful Thinking ?

Sucker Born everyday

Who's Buying??!

When is the cat coming out of the bag?

It will be down from here on.....

Funny How People can take this counter seriously?! Ha ha

Not Until those creditors signed their debts away!!

Good Luck to All those happy post GA Investors. You are now shareholders of an Upstream Oil and Gas Company. In order to survive, the company will have to continue looking for new acreages to replace the existing oilfield which will eventually decline in production.

Trap is Set....Those 15 Creditors offered at 5 sen will jump and accept the Offer by APFT thinking that they can double their money! That's when the trap will Spring! They not only did not get their cash but the 5 sen paper will turn into toilet paper!

char1234....Malaysia Boleh Maaa...Company going under can still have its share price go through the roof. So What happened to APFT "Proposal" pay 15 creditors using 5c worth of paper???

Proposals to Stop Creditor Action. Will they take the Bait? Paper valued at 5cents each instead of Cash?

Reach Announced who can and cannot vote. Newcomers cannot vote.....

The extension is for MTD to turn the situation around. Time value, they have already lost some small $. Are they still willing to go all out? That will decide the outcome!

So now the shareholders needs an extra 10 days to study the asset....

Reach MD in adjouring the EGM said some shareholders wanted a bit more time (2/3 days?) to look at the qualifying asset! The Asset was brought to the table since October 2015 nearly a year ago and they need another 2 days?!! If you cannot decide after 1 year will 2 days make a difference? Transparency ala Malaysia Style.

Another MTD fiasco ha ha lol!

If all goes well.. meeting should be concluded with a resounding Decision. When Wrangling starts it means everything not going well!!

Suggest all read and digest what stockraider put up to protect your interest....

Wahhh This khatulistiwa Banyak Drama laaaa

stockraider..That's what happens when a family of Road Toll Collectors starts having ambitions to turn into a family of Oil Barons...'Heh heh. Malaysia's Own J R Ewing Family. Their previous forays into the Oil Service businesses failed miserably.

Little Wonder....Hibiscus half the price and former Shell assets bought are safely local plus Anasuria in England.

Aiyaaa...Its that guy wearing signlet and buying besi buruk. He's wishing he can get all of APFT little planes for his besi buruk yard!

JT James...He's gone off for name change. He will come back rambling with a new name. Is it possible he is one of APFT Directors? or Staff?

The've all moved to Hibiscus...Now that it has acquired local Oil and gas assets.

Hibiscus is Flying....

Puva...Leave him be ..He's High on something.

ktsk88...you may have the point there.TH needs money real fast and this is the safest way to get it compared to other uncertain or longer term investments

Read latest Comment from HLIB Research, i.e. the real situation on the oil price....

Thanks Jimmy...Nothing New. But the Really Important Factor is THE OIL PRICE, now and going into the Future.

Easy Peasy way of making money....Buy well below IPO price get back cash well above IPO price. No risk Maaan!

In Any Agreement... Time is of the Essence. They will only terminate if there is another investor waiting on the sideline.

Be Careful What You Wish For...........

Ha ha ! martin555 now commenting as "khatulistiwa1234".....

To Quote from Grammarist

"The verb lie has two sets of definitions. First, it refers to someone or something that reclines, rests in a horizontal position, or is situated in a specified place. Someone or something that does one of these things is a lier. A lier on the floor, for instance, risks getting stepped on. The second main definition of lie is to make a statement one knows to be false. One who does this is a liar."

Gaduh sampai bahasa pun sudah masuk tong sampah!

Incidentally oil price will not hold as Saudis (who is producing twice as much as the next largest proiducer) is leaving it to the market to decide whilst the Iranians plans to ramp up production. Russians have no choice but to up production as they need more money to combat sanctions. Global oversupply will definitely push price down.

Global Oversupply in Oil will continue to affect Oil Price well into 2017 and Beyond. And that does not take into account Iran and Libya ramping up production.

Amazing how people can still expect the Oil Price to go up to $50 and beyond when everything points towards a retreat well beyong 2017.

As in SONA, the For and Against are fighting a Pitch battle to decide the future of Reach.....Don't Worry Be Happy either way, you all will somehow get All or Some of your money back. Don't spoil the fun... Let them battle on!!

What Sohai,Lanka Or TabungHati or whoever...should know is that some Investors LOVE Countries Like Khazakstan, Africa, Libya Somalia and other godforsaken places because they are god forsaken places. There is no strong law and corruption is rife so you can do what you like!

Lanka, your efforts at portraying Khazakstan as an unsafe place loses sight of the fact that any far and remote place is dangerous but not necessarily bad to invest in. If there are opportunities investors will still go there. Many white men have become rich investing in remote Africa. Some went with sehelai sepinggang and leaves as millionaires. Having said that, Malaysians are not as versatile as citizens of other countries when doing business overseas. No Malaysian company have been successful overseas. There is an adage that if you cannot make it at home, it would be even more difficult to make it elsewhere.

Lanka , You seem to know in depth the internal affairs of Khazakstan. That will certainly help investors to judge on the merits of investing in the country via Reach. Like all things its about risk verus rewards. The oil price being what it is doesn't help. Although Petronas and other majors have indicated that Oil will continue to stay below $50 in 2017 and possibly beyond.

That's the name of the Game in the Malaysian Stock Marker. As Always Buyers Beware!

For Those who are excited about buying old oil and gas fields, keep in mind that on average over 50% of reserves in an oilfield is produced within the first 3 years of production. Not much is left over after 5 years are generally after 10 years it may be reaching its economic limit.

rohan71.....Did I not Say So?

Enough Spreading Fake News....Not genuine investor but one who knows what the likely outcome will be and desperate to prevent it.

Field too small for Petronas to be interested.

Onshore production costs are less than offshore costs. Should focus on reserves and field production decline through time (i.e bbls per day) leading to its economic limit.