Now Brent is 82.08 pb! Otw to 90!

Next year , Reach will drill on 3 new wells to look for new oil in the Emir - Oil region. It is easy to dig on the land and the costs is much lesser than to dig off shores wells in the deep seas like Hibiscus.

You need oil to win the trade war

At. 81.81 pb, the oil reserves from 1P is worth RM 8.28 B!

Reach still on warpath moving forward with big volume. Possibly 100m

Oil is soooooo bullish..... Oil now is selling like hotcakes!

Buy Reach and HOLD. Wait for the CPF to be completed, then Reach oil production will hit 12,000 - 20,000 bpd

Reach will hit 75s sooner than expected. After that Reach will compete with Hibiscus to see who is the true LEADER in og stocks

Yes, TheContrarian, you are right. Just dig and pump out Brent oil and sell. Now supply is short, demand is robust, selling oil is just like selling ice cream!

The news is mainly on Malaysian companies investing in Kazakhstan

Hi Oliveoil, just relax . Brent oil otw to 90 pb. Reach otw to 75s soon.

Hi Jeffrey Ng, just buy and relax. Wait for 3Q 19 when oil production is 12000 bpd

Be patient, stay cool and relax. Buy and hold long term since oil price is going up strongly.

Reach was once an infant in the oil industry. It started in 2016 with the purchased of Emir - Oil .
In May 2017, Reach took full control of Emir Oil which has a size bigger than Singapore. With the right timing of brent oil price surging plus CPF completing soon, Reach will go back to its days of 75s much sooner than expected

Invest long term and wait for 12,000 bpd plus Brent at 90 pb

Enjoy guys. Stay happy and cheers.

Hi PanjiAlam55, why run? Dow down only a little bit due to some correction. Oil is surging up! Reach make more profit if oil goes up and up. At the last Qtr, oil only around 70, Reach already made its maiden profit. Now oil is otw to 90!

CAPEX has been at its lowest for so many years. As demand catches up, supply stagnate due to poor investments in CAPEX. Hence , the world now will have oil shortage.

Sapura is still good

Why Reach Energy keep going up and up ? The answer is very simple ie justbkeep digging for oil and sell and super high prices

Dapat makan ikan bilis also OK la

Hi guys, Reach is getting better

Today , there is a very impprtant APPEC Meeting in Singapore where the leaders in oil market meet to discuss about demand and supply. Clearly, the message is supply is tightening and demand is robust

Buy , keep , invest long term.

The days of cheap Brent oil are things of the past. Likewise, the days of cheap Reach shares are over. Reach will hit 75s sooner than expected!

Brent oil price last hit 80 pb was in late Oct 2014. Now the oil price will move upwards due to very strong global demand and tightening supply

Reach has ZERO BANK BORROWINGS, so no need to worry about any bank cash call like

Reach will soon be the leader of OG stocks.

Brent oil now is 80.06 pb. 90 pb, can or not?

Reach Energy is good for long term investors. Just buy and keep and wait till CPF is completed by 3Q 19, then oil production will increased to 12,000 bpd. The small debts payable to its corporate shareholder is very small ie only USD 44 m

Brent oil price now is just a fraction away from 80. With geopolitical instability, soon oil will hit 100 pb

Anyway, you guys can still KIV Reach Energy

Sapura is still good. This coming Qtr results will show a small profit if we looked through the historical results.

Reach and Hibi are both EP oil stocks. One is offshore and the other is onshore and both are good

Yes, Reach can go upwards simply because of 2 reasons. 1. Increasing oil production in Reach from 2900(last Qtr) bpd to 3900 bpd this coming Qtr, 2. Brent oil from 65 pb (last Qtr) increased to average 75 this coming Qtr.

Reach make profit. That is the maiden profit

https://sputniknews.com/business/201809221068248823-oil-prices-spike-saudi-iran/

In 2019, ???

In 2016, Brent price 30-55. In 2017, the price is 45-70. In 2018, Brent is rangebound 65-80. Lately, Brent is very stable at 78-80

Run?, Relax....stay cool

Brent price very stable in the upper quartile of 70-80 pb.

Small profit taking is normal and healthy. Stay cool and relax. Cheers

Oil price is very good because of strong global demand, inventories at record lows, the coming Iran sanctions and geopolitical instability. Naturally, all the og stocks will make more profit !

Tmr 45s?

Yes, can still go up

I am looking at 75s by year end 2018

Hehehe

WTI short form for West Texas Intermediate, from US, Brent usually outside of US.

Reach has ZERO BANK BORROWINGS, so no need to sell 50% of their assets to pay debts like Sapura

Buy and hold and keep. Invest long term. Expected next Qtr results will be the BEST EVER. Revenue will be RM 11 M and net profit will be RM 2.2 M estimate