Yes!! Can't wait for limit up!!!

Revenue next quarter will be higher is production continues above 2.3k per day and price above usd70 per barrel!! Yay!!

wow!! improvement from the 1.8/1.9k previous year!! NOt bad for a transformation or turnaround!!

wow s weird! revenues goes up price goes down!! Something weird is going on!

@Timmy Tan.... if what you say is true, I wonder if Chevron of all people made THAT kind of mistake??? hhhhmmmmm

https://www.chevron.com/projects/tengiz-expansion

wooohooooo... Revenue increased!!!

wooohooooo... Revenue increased!!!

wow price going down... somebody knows something beforehand??

@nashvz how come they have all these OSHE issues? sabotage or plain negligence? what do you reckon?

i wait for latest quarter announcement.. hope for the best

why are problems keep plaquing Reach? Incompetent management and Board?

whats happening to Reach? I think the CEO or the Company should engage with the investors via the Edge etc

What's in MTD Capital mind?

i think they need to show good results first.. aftr that all hell break loose??

@warris can operate O&G company like that ka?

why is it @caesarlcy? shouldn't it be better than Hib??

I remember the previous ceo said its 'black gold'!!

wow!! Good news one after the other!!

MATERIAL LITIGATION Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
REACH ENERGY BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
We refer to the Company’s announcement dated 17 November 2020 ,19 November 2020 and 20 November 2020 in respect of the Statement of Claim received by the Company’s sub-subsidiary, Emir Oil LLP (“EO” or “the Defendant”) from Ministry of Energy (“MOE” or “Plaintiff”) in Kazakhstan on the violation of gas dispersion at the operating EO facilities.



The Board of Directors of Reach Energy Berhad (“REB” or “the Company”) would like to update that the Court in Kazakhstan (“the Court”) had on 12 November 2021 ruled that the penalty amount had been decreased from RM3,181,000 (KZT 332,271,208) to RM619,000 (KZT 64,012,814) to be recovered from EO.



Currently, the Company is seeking necessary legal advice for further action. The Company will make necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.



This announcement is dated 15 November 2021.

Good news I reckon!!

MATERIAL LITIGATION REACH ENERGY BERHAD ("REB" or "The Company") - Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
REACH ENERGY BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description REACH ENERGY BERHAD ("REB" or "The Company") - Court Case in Kazakhstan between Emir Oil LLP and Ministry of Energy
We refer to the Company’s announcement dated 17 November 2020 and 20 November 2020 in respect of the Statement of Claim received by the Company’s sub-subsidiary, Emir Oil LLP (“EO” or “the Defendant”) from Ministry of Energy (“MOE” or “Plaintiff”) in Kazakhstan on violation of Gas dispersion from open tanks.



The Board of Directors of Reach Energy Berhad (“REB” or “the Company”) would like to update that the Court in Kazakhstan (“the Court”) had on 10 November 2021 ruled that the penalty amount had been decreased from RM7,292,000 (KZT 760,000,000) to RM3,733,000 (KZT 385,556,487) to be recovered from EO.



Currently, the Company is seeking necessary legal advice for further action. The Company will make necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.



This announcement is dated 11 November 2021.

@Orson Chin I think ppl want to see if they can show green ticks in their quarterly numbers like Hibiscus.. then limit up loh hehheeheheh...

hope this coming quarters will show green!! Hib already boom.... Reach next??? crossing fingers!! :)

hahahhahhahha there you go again...

haiyaaa who lah so desparate and sell at 8.5 sen...

push push push....

where is the ong? no mali mali? haiyaaaa...

Hiyaaaaaa.. who lah sold down the price

whaaaaaah hit 10 sen oledy!! Hope Q3 numbers green!!

Boooooooooooooooooooooooooooommmmmmmmmmm.... still waiting... yawn ;)

hahaha no gas to push?

push baby push

I think they challenges to get export quota lor.. only pump out 1.9k BOE per day... Hibiscus so many BOE

come on 10 sen!!!

@caesarlcy cannot tahan ;)

hahahah reminded me of the rain shaman.... hehehehhe funneh lah

B4b4 seriously? You are hilarious lah!!!

no show lah sifus hahahaha hot air only...

ong tak mali .. who lah sold at lower price? weird!!

sorry boss heard that sooo many times.. hahahaha

snooze......

hahahaha @BILLC I loike!!

@B4b4 hahahaha i believe it when i see it... but love your optimism nonetheless

OMG!!! Nice nice

@TheContrarian like your analysis!!! fingers crossed :)

nice

hiyaaa who lah sold downward?

show time no show hahahhaha

Hibiscus closed 77 sen ... come on Reach!!

slowly slowly slowly going at the same place... haiyaaa

how so @Brutus121? got announcement meh?

i really wonder who sold at 7.5 sen? and why??

hahahaha.. weird... selling at lower price.. what gives?