Reach oil production 12,000 bpd by 3Q 19 ie about 9 months times. Then we will see Revenue RM 210 M and net profit RM 100 M

Hehehe

Maybe typo error, sir.... 28s coming soon

18s?

Hi Jeffrey Ng, Reach digging Brent oil of high grade ie light sweet oil which is very low sulfur content. This kind of oil is high in demand and very expensive

Tahniah asd88

Well done Reach !

Keyasic produced excellent Qtr results in the last 6 months. Good investments from Keyasic and good sales give Keyasic the cutting edge

Wow..... So fast up 21s selling 2.7m shares gone in 1 seconds!

Can you buy a piece of land in Sg at 40s?

Emir-Oil land size is slightly bigger than Singapore!

Reach no need RI or PP to raise fund. Reach just keep on digging and have CAPEX, easily make millions and can start thinking of new acquisitions

Allow me to do some simple calculations guys, in 3Q 19, 12000 bpd, 60% owned by Reach, oil hit 80 pb, forex 4.14, then every Qtr Reach Revenue is RM 200 M with net profit RM 100M, per Qtr.

Hehehe

Hehehe

Buy and invest long term. Why? Only 2 reasons. 1. Oil price is excellent and 2. Oil production for Reach will hit 12,000 bpd in 3Q 19

Hehehe

Reĺax and enjoy. Buy and invest long term since Brent is otw to 80 soon. Yesterday a Russian plane was shot down near Syria. Geopolitical problems

No worries guys, Reach will move on to the next level UP !

Thanks for the info YLR33, since oil price is going up together with the coming 12,000 bpd, the borrowings is very small indeed

Believe it, Brent up 79.19 pb!

Relax and enjoy

Reach just have to dig and offtake the high quality low sulfur brent oil and sell.

Velesto is more of Services OG whereas Reach and HIBI are EP

Relax lah bro, brent oil price is still good , 77.68 pb. Nikkei is up , Hang Seng also recovered.

Hehe

The external funds are needed for CAPEX which is good for drilling new wells, meaning more oil production. Actually, these CAPEX is an advantage for Reach so that the new wells can be explore . That makes Reach Energy an EP stock

Hi YLR33, I wish to differ. Borrowings RM 177.877M with no fixed repayment period but has interest from 5% to 14% , RM 280.273 M at 5% interest due on 2019, RM 79.79 M at 4.86% interest due on 2036

However, Brent price is at the upper quartile ie 78.78 pb. With increasing oil production, Reach will make more profit, without selling away their assets

Brent oil is rangebound 70-80 pb, Reach Energy make money

The USD 50 m is for MIEH (to be exact is USD 44 m), the other USD 44.8m is for near term CAPEX

Hibi is still good but it is too pricey already. Reach is still very cheap and have lots of room to move upwards

The revenue in 1Q is about RM 7m which was delayed due to poor shipment, hence the 2 Q revenue which is RM 67 m, after deducting the delayed shipment is actually RM 60 m, which is still OK. Let us wait for the next Qtr, which I expect it to be about RM 80 m in revenue

Hengyuan and Reach, both are of different business. Reach just have to dig and sell oil. Hengyuan is not EP at all.

In the last Qtr, that is for the month of April to June, the Brent price was 65-78, and forex was about 3.89. Now the coming Qtr, oil production will increased by another 1000 bpd, Brent is 70-80 and forex 4.14, so the revenue and profit will go up

The last Qtr results is 2900 bpd, Brent price is 65 pb, forex is 3.89, this is enough to get a small profit

Carry forward holiday for Malaysia day

No sir

We wait for the day when Reach oil production is 12000 bpd, of which 60% is Reach and 40% is MIEH. That means Reach has 7200 bpd, just have to wait patiently and hope for the best.

Reach is now in control of Emir-Oil since May 2017. Emir-Oil has a land area much bigger than Singapore. So far the oil, LPG and Gas fields are Kariman, Dolinnoe, Aksaz, Yessen and Emir. There are the production contracts. There are still many other prospective fields like Begesh, East Saura, North Aidai, Aidai, Borly and Tanirbergen

Next week, Reach will go up again

Relax lah bro, no worries. Profit taking is normal and healthy.

Aemulus is a local company , so it is safe from trade war

If 40s..... Then next target 45s....

40s...hari ini ....boleh atau tak boleh......

As of now the Brent oil price is rangebound USD 70-80 PB, I think no need RI to settle those small borrowings. The sale of oil is more than enough to cover those borrowings

No worries ming, RM 280 M is very small compared to Sapura RM 16 B debts. However, Reach oil production as of last Qtr is 2900 bpd, the profit is RM 11 M, the next Qtr from July till Sept, the production is 3900 bpd, Reach will make more profit to settle those debts

Hi ming, Reach is only 2 years old, give the company 8 more months

Hi Nicholasming91, Reach has ZERO bank borrowings but they do have a small borrowings of RM 180 M only to a corporate shareholder ie MIEH of which there is no fixed repayment period, only some interest rate.

Let's see can go 40s or not.