Discussion about output cut for 2019 between Russia and Saudi . This caused the oil price spike up. Oil price up , this is good for og stocks

No need to takut..my friends. Demand for oil is always there. Just wait and be patient.

Buy Reach and invest long term. Wait for new oil from new Wells in NK, Yessen and Kariman Oil Fields

Reach Energy make profit on 4 factors. 1. Brent is above 70pb, 2. Kazakhstan Tenge currency is very cheap, hence cost is cheap, 3. RM is cheap too, hence profit increased. 4. Production has increased

Yes, Reach Energy moving forward. Slowly but surely, as the Brent price is stable at above 70 pb, Reach still make a decent profit

The K-Wave theory is up and down with demand and supply. Oil price goes up and down is normal. Just study the oil chart, you will see this K-Wave theory.

FYI, Brent price rangebound in 2016 is 30-56, 2017 is 45 - 69 and 2018 is 63 - 86 pb. In addition, forex for 1 USD = RM 4.17 and also 370.66 kazakhstan Tenge, that means cost for Reach Energy in doing business in Kazakhstan is far cheaper these days and more profit in RM too.

Yes very true indeed, the banks are willing. However, Reach Energy has always want to maintain low debts because banking debts have problems.

Hi TingDong, let's hope the coming 2 Qtrs for Reach will be profit and this will help to improve on the cash flow. Then maybe, Reach will have more capital for downstream business

Reach Energy is diversifying downstream business which is less costly and more profitable, said the CEO in the NST yesterday. The CEO has a vision of making Reach venture into the hydrocarbon value chain like doing refining of petroleum crude oil and purifying raw natural gas. Strictly speaking, Reach Energy has a vision and a mission.

To diversify downstream, less cost but more profit. The CEO is a specialist in downstream oil business with 40 years experienced

Hi Jeffrey Ng, no worries about the Iran Sanctions. Oil price dropped simply because of Trump mid term elation tomorrow. Anyway, based on my calculations, Reach next Qtr will be fantastic

Brent above 70 pb, Reach still make profit. Even at 65 pb, like the last Qtr, Reach net profit was RM 11 m

The Focus Malaysia news reported that Emir-Oil is the 12th largest oil reserves in the world

Trump gave waiver to 8 countries on Iran oil. But he is so fickle minded. Maybe tmr change of plans

Reach shares still cheap....buy and invest...

From my research, the rate of production as at month of Sept is 5400 bpd, forex now is 4.16 and brent price is rangebound 70-80 pb, easily Reach will make profit of at least RM 20 m , this coming Qtr

Be patient guys, very soon Reach will touch 52s

In 2011 up to 2017, Emir Oil oil production is about 12.05 million barrels. In 2014, Emir Oil production is the highest ie 1.85 m . Now in 2018, Reach has 25 oil wells in production.

Hi Ziko Ro, the best news for Reach is the new oil well discovered in Yessen Fields ie Y-3 area which is 34m deep of oil reserves.

Reach will be the next Hibiscus stock. On shore and off shore stocks, whereby off shore oil Wells has decommissioning costs

The operating expenses is about USD 13.75 pb and the cost of production is USD 6.37 pb, total cost is about USD 20.12 pb. Now the Emir Oil is sent to Ansagan by pipelines which is far cheaper and faster. Hence the cost will be lower

Based on my calculations, Revenue is RM 77 M and profit is RM 20M

Reach Energy has excellent cash flow from operating activities ie RM 27m from the last Qtr.

The cost of oil production is USD 6.37 pb. The Operating expenses is about USD 13.74 pb. Hence, Reach still make profit.

Now waiting to buy cheap. Many oil companies especially the shale oil, are having shrinking oil production but Reach Energy company has increasing oil production. From 2900 bpd in the last Qtr, their oil production has been increasing up to 5400 bpd in September. With the coming completion of the CPF, it will be 12,000 bpd soon next year.

This is golden opportunity to buy cheap Reach shares today. Just wait for the shares to dropped, then you can slowly nibble it up.

Iranian oil will be block by the Trump administration starting on 4th November 2018. It is very difficult to replaced Iranian supply. Surely, price will spike up. Furthermore, the winter months are coming in December. Again more oil is needed to heat up many homes.

Just buy and wait for the 3 Qtr results. Estimated Revenue RM 77M and profit RM 20 M.

Iran exports about 2.7m bpd. By Nov 4th, the Trump administration will sanction Iran oil. Winter months are coming to the Northern Hemisphere in December. These two factors will surely push up the oil prices.

Oil prices up and down is very normal, so long as Brent is above 70 pb Reach Energy make good profit.

Oil up more than 1%

Buy Reach Energy for long term investments, guys. I am looking at the next Hibiscus stock. Soon, we will see Hibi and Reach racing each other

Brent above 70 pb, Reach Energy make profit. By 3rd Qtr 2019, Reach Energy oil production will hit 12,000 bpd with the completion of CPF

Hi Alex™, this counter can still KIV so long the Brent is above 70 pb.

Hibi and Sapura dropped badly with high volume but Reach is still holding very very well since only a few throwers. This coming Qtr in Nov, based on my calculations, Revenue is RM 77M and profit is RM 20m

Stay cool and relax. No worries...just buy and keep...

The best news so far is the discovery of Yessen 3 oil wells as reported by the CEO recently

Reach is on shore drilling hence Reach does not have any worry about decommissioning cost of old rigs

Nov 4 ....Iran sanctions.....Nov 6 ...mid term election for US....Lets wait it out. Anyway Brent above 70 pb plus forex at 4.18 now....Reach make good profit

Hi BillyK, oil production in the last Qtr ie from April to May was 2885 bpd , in Jun was 3200 bpd , so average up about 3k , but in this coming Qtr ie from July to Sept the production has increased because the number of oil wells had increased.

Get out guys..... Get out...... Go to Reach because of new oil Wells discovered in Yessen 3 oil field. Also Kariman Field and North Kariman field has oil too.

Reach oil well are new and fresh. Their life span can go up to year 2036

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.