As long as we have a CEO who makes empty promises every quarter, nothing is going to fly!! The company needs a CEO who can drive the production upwards.

Soon breaking 25cts...wait and see!!

When Donald Trump starts to attack Iran, oil price will hit the sky!!

Reach will fly only if the daily production barrels increases.....but management seem to be hopeless in making this happen anytime soon...sigh!!!

CEO always promises the moon, but fails to deliver... without fail!! Apparently 5000bpd by end-2018.....still struggling at 3200bpd today!!! Wake up my friend and earn your salt!!

https://www.klsescreener.com/v2/news/view/498816

Oil price bullish now....Brent >usd67 pb....rally tomorrow!!!!

Maybe buying mother instead?

Don't expect too much from 4Q report. This CEO promises the sky all the time, but bottom line results are always rotten...no profit, no dividends...nothing. No significant increase in production BPD since day one despite all the promises.... When results show red, only excuses!! CEO and team should show that they have earned their salt!!

Personality I feel the management is not entirely transparent in their reporting. Vital information like how many barrels produced/sold for the quarter, average sale price, latest bpd etc are hardly reported. I have been a shareholder since IPO and my confidence in management is eroding by the day, frustratingly. If the CEO indeed knows what he is doing, as claimed by him during AGMs, he should be transparent in the reportings, as I believe he knows what information shareholder want to see.....unless he is withholding the info for hidden reasons!!!!

https://www.thebalance.com/oil-price-forecast-3306219

@b4b4; indeed RE management has good vision. When oil price is up, both upstream & downstream will make money. When oil price is down, the downstream will make money, with higher margin. It's a good balance. But the big question is Capital!! Hope they will use some of the profit in 2019, when they achieve 8000bpd, as capital for the downstream, instead of increasing equity. Whatever the means, it's a good direction envisaged by management.

Based on the below report, only logging export is banned. No mention of ban on logging activities. Am I missing something? Anyone can throw some light on this?
http://www.theedgemarkets.com/article/priceworth-sees-insignificant-impact-sabah-log-export-ban

http://www.klsescreener.com/v2/news/view/438934

NTA for RE is higher than HIBI.. if RE can ramp up production to match HIBI's current production (which is likely in the near term), whould the share prices match too?....potential for RE to touch at least RM1.2 is real!!....

Even with additional borrowing of USD50mil for Capex to drill additional wells, the financial cost (interest and repayment of principal of all borrowings) is approx. RM22mil/qtr. If oil maintains USD80pb, they can breakeven at 5000bpd. Beyond 5000bpd is guaranteed exponential profit. Do the math yourself if you want to be convinced!!

As they drill more wells, the true value of this company will unfold.... hold for long term!!!

Wait till Nov when the Iran sanction takes full effect for oil price to hit the roof!!

Brent price will spike once the Iran sanction kicks in come November. If Iran retaliates and blocks the Straits of Hormuz, oil price will hit the sky!!

The 2018QR2 looks good, but still leaves us with many questions, ex. financial cost, actua quarterly revenue etc. Nevertheless I believe there will be more good news forthcoming in the next Qs, with increased production, wells driven in 2 new fields etc. And with 2P reserve actual worth, the current NTA is undervalued. Management needs to focus on ploughing the profits back into increasing production - with higher revenue the rest of the issues will be easier to resolve by internal funding. Takes time, need to be patient and be a long term investor.

http://www.klsescreener.com/v2/news/view/423548

Once the startup of NK is realized in the next quarter, production will increase by 30%!!..and the profit will increase exponentially!! Welcome to the land of milk and honey!! Huhu!!

What happened to the drilling that commenced this Feb? No news at all!!!

The loss making Subsea division is gotten rid of. If they now manage the company well, it should return to black, like it was in the early 2010s. Hope for the best.

@amet2017, just be patient bro! It's a matter of time before this counter explodes. The key is management declareing bonus, which will attract long term investors. At the moment this counter is traded predominantly by retailers. Once long investors enter the foray, you will see the bull charging!! Besides, the drilling outcome will be out early-May and chances are high for good news.....so hold tight bro!!

Huh, huh!! Soon at TP=0.1!!

Accumulate! Accumulate!!! Don't miss the boat!!

@ilovehits, one of the major cost contributor is financial cost. The overall cost will be diluted significantly once production rate increases to 10kbpd, but this is subject to current well enhancement and/or drilling of new wells and construction of pipelines, which will all involve capital. I presume RE management is already working on these. Once they hit the minimum target production of 10kbpd, RE will be a golden goose....as long term investors, we need to have faith on RE management and some patience :)

Already run 2 weeks ago!!! The writings were on the wall. Have lost faith in RE. :(

"Weather was so rough in Aug-Sept that hampered offloading to tanker"!! Really?.....as far as I know Aug-Sept is still good weather in Caspian Sea region. Even offshore installation contractors work during this period. Anyway, the offloading normally occurs in sheltered area, port. I am beginning to have doubts if the pictures painted are true....??? The report does not mention how much produced, where stored, cost for storage, etc, etc!! SH & gang should give us more & detailed info of what's really happening out there, instead of keeping us in the dark!! Hope our money invested is not going down the drain!!

@bearhunt, what do you mean by "no oil found"?

http://oilprice.com/Energy/Energy-General/IEA-Price-Spike-Coming-in-2020.htmlWrite a comment..

Guys, buy and keep. Reach will be your golden goose in 2-3years!!!!

At 3500bpd, PublicIB evaluates Hibiscus at $1.06. Hope they look into Reach next!!!

http://www.theedgemarkets.com/article/hibiscus-actively-traded-172-after-public-ib-research-starts-coverage

Apparently the new owners of this company is negotiating for a online gambling stake. The news is in the Edge weekly.

Hold tight guys....maybe there's Casino news coming up!!!!!!!

Good rally today, hoping to hit TP $0.10 soon!!!

@Tigerchan, what's the news?

Does anyone know the outcome of the 28-July court case?

Calling off the PP is great news for shareholders!! I hope internal funding (from revenue) will be considered given that the payment can be deferred till May2018.

In order to issue good dividend, Reach management should focus on increasing production, either by increasing efficiency of existing wells or sink more wells...actions which I believe they are already working on. This will be the key!!!

As mentioned by CEO, there are many retail investors in this counter who are mostly interested in short-term play. The share price will struggle to move upwards as long as these short-term plays are ongoing. In my opinion, the breakthrough will happen only when Reach declares mouth watering dividend...this will entice the long term investors to grab and hold the shares. Until then, I do not see the price hitting the TP....even if the oil price goes north. The dividend is the catalyst and the short term play has to stop..,..my 2 cents.

http://www.klsescreener.com/v2/news/view/258986

@b4b4, Based on 5000bopd, at usd48 average sale price, usd25 average production cost and 50% profit distribution.......the estimated dividend per share is 4.1sen. This equates to about 9.7% annual return on current share price!!! When production increases to 10kbopd, the figure will increase to 19.4%!! Certainly a good counter for long term investment!! Any increase in oil price will result in significant jump in profit, hence dividend. Hopefully we see the fruits by the end of this year.

Anyone can advise on why Rights Issue (at discounted price) is not being considered in place of PP?

Dex, there are a few more of these tin kosongs around, and they are over the place. Unfortunately we have to tolerate (or ignore) them!!! I see them as clowns!! Ha! Ha!

http://nikkeinewsrise.com/nikkei_markets_market_buzz_stories.php?id=131

Good show today. Will increased production in the future, this counter will be a cash cow!!

Big volume and higher close.... something good must be brewing!!! Hope to hear good news.