Hey guys, please study before u make any decision, Litrak going to be delisted next year, capital return estimate about 0.52 only.

nice

change in boardroom ?

actually reach energy cnt afford to pay dept ah ?

And price of share i think ad nearly bottom, so for long term investor, this share might give big return. Bt if u r short term player, i think not suitable for u.

Actually i feel quite optimize with this company, so i will keep watching it.

Exploration contract extension
• Pending approval from State Ecology Board
• On schedule to obtain extension by end of 2019
North Kariman and Yessen Production Contract
• Pending approval from State Ecology Board
• On schedule to obtain Production Contracts by early 2020
Development well drilling
• Currently finalising well locations for 2019
• Target to drill 3 wells by end of 2019
• 12 new development wells targeted by end of 2020
Water and Gas Injection for Reservoir Pressure Maintenance
• Started lab test analyses for water and gas feasibility study
• Targeted to initiate pilot test in Q1 2020
CPF Completion
• Final inspections by contractor prior to resuming construction work for completion
• Construction targeted to start in September 2019

Reach Energy has made substantial improvements to Emir-Oil since May 2017 including now having healthy cash-flow under its sole operatorship.
• The Emir-Oil asset has been stretched with intensive workovers of the existing well stock. An initial CAPEX for new wells is required to take Emir-Oil to the next level -- majority of CAPEX can be self-funded once production reaches higher levels.
• REB bottom-line is improving due to higher revenues and better netbacks in Emir-Oil.
• REB is confident of unlocking the high potential of Emir-Oil given the results of its efforts so far, work ongoing and the plans ahead.

thanks for info weizian chin. Im waiting their powerpoint since agm. Agree, just need some time and wait for it .

Reach Energy Bhd saw a 4.9% stake or 62.8 million shares change hands in two direct deals for RM13.5 million on June 12. The transacted price of 21.5 sen was just above the 20.5 sen apiece the shares fetched on the open market that day.

Reach Energy executive director and CEO Shahul Hamid Mohd Ismail is deemed interested in the shares sold by the company’s former largest shareholder, Reach Energy Holdings Sdn Bhd.

Reach Energy Holdings had halved its holding after selling 127.8 million shares for RM31.78 million (average 24.87 sen apiece) the past three months, with its stake down to 11.66% following the June 12 disposal from 23.31% (255.6 million shares) as at end-March. It had sold 40 million shares for RM11.28 million (average 28.2 sen apiece) on April 23 and 25 million shares for RM7 million (28 sen each) on April 11, stock exchange filings and stock market data show.

MTD Capital Bhd, which was Reach Energy’s second largest shareholder with a 13.61% stake as at end-March, is now the largest shareholder in the latter. Closing at 20.5 sen last Wednesday, Reach Energy’s share price was down 30.5% or nine sen year to date and had more than halved compared with its year high of 50 sen on Oct 4 last year. Hong Leong Investment Bank Research had a “hold” recommendation and a target price of 25 sen on Reach Energy, according to BloombeaaMUI PropertiesTD the time of writing.

i believe that brent oil up to 70 , reach share will back to normal. so ntg that i can do nw, just sit and wait.

i just saw it, although just 100000 share.

thanks koyee, nice sharing

hey b4b4, do u go agm ? this is latest news ?

gt any news from agm ?

fly ?

ya , at least better la. hope will become more and more gd

really sien ....

I dun thk over than 100. Better than last quater ad enough.

next week Qr report will out right?

so low

according to ar, their revenue is 220.3 million which is higher than year 2017 157.1 million. Bt their net profit is so lnx

@ho sook ching , same thought , i think they will eat by big shark

Im also wait for big shark, i will hold this stock for 1 year

Any source ?

yeap, but it is good time for us to collect more share

for long term, yes