slowly back on track

Can someone share what will be the impact of the new proposal in the General Meeting?

overheated??? let's see...

Hopefully SAPNRG can drop slightly more so that I can collect bits... before shooting up

Still will up?

@berry, so confident on this counter? this is sxxt counter...

KUALA LUMPUR (Oct 8): Reach Energy Bhd has drilled its first exploration well on its Emir-Oil asset in the Kariman field, Kazakhstan on Oct 6.

The well is expected to confirm the larger extent of the hydrocarbon resource being exploited in the Kariman structure.

"This exploration well will also augment the geological understanding of the prolific trend and support further exploration efforts," said Reach in a filing with Bursa Malaysia today.

According to Reach, the expected success of this exploration well would increase the group’s 2P (proved and probable) reserves by "a significant amount".

"One specific target is to confirm the maximum depth of the oil accumulation thus reducing uncertainty in resource calculations," it said.

The target total depth of the well is 3,937m. The total drilling duration is expected to be 120 days.

"Our advanced drilling programme will be undertaken by a mix of local and international reputable service providers such as Sinopec, AsiaPetroService, Drill-Lab Kazakhstan and KazPromGeofizika," said Reach.

Reach shares closed five sen or 10.53% lower at 42 sen today, giving it a market capitalisation of RM543.08 million.


Positive news....

OTHERS Perisai Petroleum Teknologi Bhd ("Perisai" or "the Company") - Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature
PERISAI PETROLEUM TEKNOLOGI BHD

The Board of Directors of the Company wishes to announce that the Company intends to seek shareholders' approval for the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature at the forthcoming Fifteenth Annual General Meeting ("15th AGM").

The Circular to Shareholders setting out the details of the above proposal will be despatched to the Shareholders in due course.

This announcement is dated 1 October 2018.


How the above will impact share price?

Wondering what is happening too.... no transaction at all

Stagnant

Creditors has approved the regularization, I don't see why Bursa will disapprove, the money is from the creditors.... up up up...

“We are pleased that the approval process went through smoothly and would like to extend our
deepest gratitude to the CDRC, bank lenders, medium term notes holders and creditors for their
understanding and continuing support. We have, today, reached a major milestone in our debt
restructuring plan which will enable us to progress with our Proposed Regularisation Plan, expected
to be submitted to Bursa Malaysia in due course. We look forward to a new beginning, as we re-focus
our efforts on rebuilding and sustaining the business.” said Datuk Izzet Ishak, Managing Director of
PPTB.
Barring any unforeseen circumstances, the PPTB Scheme is expected to be completed by Q4 2018.

I think is a good progress....Perisai taking off very soon....

Why game over

Really? This Friday? so it is do or die this Friday...

What answer?

good question... that is what everybody wants to know....

what is the point for such plan if not helping....

No movement

Can someone explain the issuance of rights shares for every 2.94 existing perisai shares at 10 sen, does it mean we will be entitled thr additional shares or our existing shares will reduced??

http://www.theedgemarkets.com/article/perisai-petroleum-plans-rights-issue-uplift-pn17-status

@cashflow, I like your spirit in following this counter... let's hope for the best

Another good news from SE.

http://www.theedgemarkets.com/article/sapura-energy-and-partners-win-hardfought-block-mexico

https://www.thestar.com.my/business/business-news/2018/03/29/cimb-research-retains-add-for-sapura-energy-higher-target-price-of-89-sen/

I think looking the current trend, everybody will not be holding on it... no new news or update, that is really hard....

just begin? mind to share?

Agreed, if pump n dump it won't close at 7.5c....just personal view

If made lost previously, that was your call, why keeping cursing the price drop...

whatever it is... good show today, let's hope tomorrow will be another 80% up...

Please look at the board member of Perisai, definitely have connection with PETRONAS, awarding a contract to a vendor is not just based on the financial, it will evaluate from all angle... I don't think PETRONAS will stop awarding project to Perisai just because of the financial, remember in biz world, relationship can bypass everything....

Nice.... luckily I ignore all the bad comments previously too...

LOL... hopefully not 1 day show

I will hold tight, high risk high return....

Wow....

Sumatec flying already... when is Perisai...??

why all so confident to this counter suddenly?

Any insider news guys? Do share...

@B4b4.... please share if you don't mind who is the white knight?

Perisai used to be a good company, now it's really depending on how the management's strategy, hope the will not close shop

Delist?? Any announcement? Or just speculation?

Look at the volume... hopefully something is brewing...

@arman70, what is the good news coming?

@Nick CW Hii, mind to share more on the foreign firm?

Hopefully tomorrow another show.... all GLCs spiked.

I'm just thinking this will be having similar trend like Hengyuan, China fund coming in before GE, Msia government needs $$

Hi there, any idea when is the free warrant entitlement date?

When is Q4 result announcement?

@Betta68, mind to share your thought why you are so confident in Perisai?

I thought the Sabah EOR was a deal already?

No a good sign i guess... still can go further??

Lol.... so looking forward to that...