Bad QR because of high cost of Sales.

Reach only owe his partner MIEH. Thats all.

Oil reserves is 95 m barrels in the ground. Just keep on digging 5000 bpd, sell make money , pay some for debts. Later in 2019, with the completion of Phase 1 CPF, oil production will hit 12,000 bpd. Buy and keep for 2019. Never play CONTRA ! Buy , pay up, and keep. Very simple. REACH has no BONDS, no Bank Borrowings.

Perisai is Servicing OG whereas Reach is EP . Reach just dig oil and sell. Oil is CASH !

Perisai debts easily RM 2 b !

Whereas Reach Energy owed USD 44 m to the partner MIEH. So no problem to settle this debt.

Perisai issued BONDS ! That is a BIG MISTAKE.

The debts RM 180 m, will be settled soon before November. No worries . Just invest long term so long as Brent oil is still above 50 pb

Yes, sakit hati see the prices keep dropping.

It is time to seriously consider buying Vivocom shares. Excellent company with lots of upside potential

Thanks to NKorea. The Global market all down !

Hopefully, the rebound coming soon

This coming Qtr will be good because Galatica Maritime will contribute RM 3 m

For those retailers like me, just don't see the screen. Shut it down, go yum cha . Just monitor global demand for Brent oil and its price.

Don't worry so much about short sellers , sir so long as we know what we are investing in. Reach will do well in the 2H 2017 simply because of 5000 bpd and Brent is above 50 pb. For me, I am waiting patiently for the Phase 1 of CPF to be completed, then the production of oil will be 12,000 bpd. If phase 2 is done, then can hit 20,000 bpd. Furthermore , two latest oil fields otw ie North Kariman and Yessen. Waiting for 2019 is worth it, because by then Reach is no longer a penny stock.

Brent still above 50 pb. So I just hold and go yum cha.

Me too, paper loss also teruk ard. But still holding

Brent will hit 53 pb soon

Hi YLR33, good morning to you. REB must ramp up production up to 5000 bpd while waiting for the completion of phase 1 and 2 of Central Processing Facility which will be done by the partner MIEH, the 40 % owner of Emir-Oil. Until then REB can still make profit on improved techniques of production while all of us here hoping that Brent oil at least 50 pb. However, if production hit 12,000 bpd, then we can see Reach shares at tp RM 1.00 or more . For me, it is worth the wait at 33s now. Good luck to all of us. Cheers and stay Happy, sir. Nws.

That is why I kept saying 50 pb is enough. Anything more is called a blessing.

50 pb is enough, sir. If more , then it is a blessing.

Just 50 pb is enough

The only way to survive is to ramp up production to 10,000 bpd selling Brent at 50 pb. Then those debts RM 600 m is no problem. However , production can go up to 20,000 bpd. Looking forward , two new oil fields ie North Kariman and Yessen are coming on soon. At present they have 4 oil fields ie ADEK in short. Just pray Brent stay above 50 pb

REB only has full control of Emir-oil on the 25 th May 2017. Hopefully , by now, they can ramp up production 5000 bpd while waiting for the completion of CPF so that production can hit 12,000 bpd. By then, just pray Brent oil is still above 50 pb, then we will see good QR onwards.

Go to page 7 of the QTR Report. Study in detail. The OG Segment showed a decreased in operating expenses and also Finance expense. A total reduction by 8.24 %.

Big Boss throw down in Big Volume so that the BB can buy back cheaper slowly and wait for the next QR .

REB has two operating segments. The Oil & Gas segment have a revenue of RM 40.737 m and the net loss was RM 7.322 m. The other segment is Investment Holdings with net loss
RM 13.93 m. The important segment is of course the oil production and Brent price.

Expecting 2H 2017 to be excellent. Two very important factors . They are 5000 bpd and Brent stay above 50 pb.

Patience my friend. Patience will help us see the light at the end of the tunnel. Just pray that Brent stay above 50 pb

Patience my friend, patience.

REB is now a partner with Palaeontol from Holland and MIEH from HK . That means the connections with these companies will help REB to go the extra mile.

I am holding my Reach shares for production at 10,000 bpd so long as Brent is above 50 pb. It is worth the wait until 2019.

Hello sir, REB bought 60% of Palaeontol when Brent was at 37 pb. Surely, our experienced man in REB knows better. The S&P with MIEH was done in early March 2016. Now , Brent is above 50 pb, with the soon to be completed CPF, production can easily hit 10,000 to 20,000 bpd

Don't wait too long , sir. Brent oil is still good.

The selling had stopped. Now ppl started to buy in. Brent oil still good ie above 50 pb

Now it is slowly moving UP,

So far so good. Selling almost stopped. Volume very thin only 2.991 m shares thrown down.

Lets look forward in year 2018 and 2019, and pray Brent still above 50 pb. Production will be 10,000 to 20,000 bpd. All of us can keep smiling. Buy now, on dip.

1st Qtr , REB sold 3301 bpd. This Qtr extra 6% REB sold 3500 bpd. Selling on domestic , no export tax, but lesser price. Export Sales, better pricing but have some export tax. Revenue is around RM 40m, meaning Brent price Average sale about USD 49 pb for 3 months from Apr to Jun. Forex about 4.35. Not to forget, 60% owned by REB 40% owned by partner MIEH from HK Stock Exchange. Anyone can please correct me , if I am wrong. This is from my research. TQ

REB has yet to go full capacity ie 20,000 bpd in the future. Just pray and hope Brent oil stays above 50 pb.

From year 2019, production will be between 6000 bpd to 12000 bpd and Phase 1 CPF is completed, just hope oil is above 50 pb. Then we will all be laughing to the bank.

When Phase 1 CPF is completed, the cost will be reduced despite increased production.

Read carefully the QR, yes very true, got loses. The production is 3500 bpd , Brent oil Avg price about US 49 pb. There is Gross profit, but not enough to cover the total expenses. The 2 H of the year, production will ramp up to 5000 bpd, lets hope the Brent oil stays above 50 pb. Buy on dip and wait for the next Q3 and Q4 . Good luck.

Unless oil price collapse to USD 30 pb, then we all cry

It all started with heartache, head pain , then later it is up up up all the way. Trust me......

In a couple days more, Qtr results will be out.

Hi newrookie, I made money in Hibiscus and Tiger. Now going for Reach because of good discount of 50% but must keep long term, maybe 6 months at least.

Qtr results very easy to calculate. If 3800 bpd, selling at 50 pb, 60% owned by RED, forex 4.30, 90 days for each Qtr, cost is 25 pb, ..............

Zzzzzzzzzz

Reach Energy still got hope as long as Brent oil is above US 50 pb. Early March 2016, REB bought 60% of Emir-Oil when Brent was 37 pb. If production hit 5000 bpd, then REB will be making profit by end 2017. That could be the reason why pp is not necessary to raise RM 180 m. My 2 cents idea.