Tomorrow will break 0.14c. Next TP 0.17c - 0.19C

Contra kaki need to clear 1st

RE road to the rich already..

Reach like sleeping giant now

It just like sleeping giant

Reach will make u rich

Just buy... & wait to fly

Easy money..

Will fly soon... no turning back

Tomorrow RE can go to 0.43c - 0.45c

Reach still better than sprng.. Grab while u can.. still better than FD

Too much better than FD

Grab while u can..

Once break 0.12c. Next TP 0.17c - 0.19c

Easy money.. Reach will get u rich

Get it faster before too late ..

Will break 0.095 then TP @ 0.11-0.12 soon

Ya.. easy money uncle & aunty. Good bye 0.85..

OPEC's Barkindo says oil demand to hit 100 mln bpd 'much sooner' than projected

By Wendell Roelf

CAPE TOWN (Reuters) - OPEC Secretary-General Mohammad Barkindo said on Wednesday that world oil consumption would hit 100 million barrels per day later this year, "much sooner" than earlier projected.

The Organization of the Petroleum Exporting Countries and other producers led by Russia last year began withholding 1.8 million barrels per day (bpd) of supplies to tighten the oil market and prop up prices that in 2016 fell to their lowest in more than a decade.

Both Russia and OPEC leader Saudi Arabia have spoken about the need for a gradual increase in oil production as the goal of removing excessive oil stockpiles has now been achieved and the market has been broadly balanced.

"The world will attain the 100 million barrels a day mark of consumption later this year, much sooner than we all earlier projected. Therefore stabilizing forces which create conditions conducive to attracting investments are essential," Barkindo told an oil and power conference in South Africa's Cape Town.

He added that oil industry confidence was beginning to return and that OPEC was exploring ways of further institutionalizing a declaration of cooperation on oil output between OPEC and non-OPEC oil producers.

"Going forward, the priority ... is on ensuring stability is sustainable, spreading confidence in the industry and encouraging an environment conducive to the return of investments," he added.

Why mother up but son in red. Anyone can explain ..

Anyone can guess qr result next week?

Agreed with newbie & oppa... the price doesn't show any confident for investors. Sweet talking but not delivered

Waiting for investor I think

Oppa knows based on track record. Don't know when it show for real.. don't know wait till when

So disappointed. Felt like die standing counter

Last year revenue comparison much better than this year.??

Today in red. Means QR still in losses ..
Haihh Sharul Hamid just make ppl curse u..:-((

Hahaa... these are fact or just a temperamental statement? Result will out soon .. then agm

Ok.. I saw from UOBKayHian. Or may be should see how 1 & 2nd Q look like..

Malaysia Daily
 Sweating of assets will take time. A key challenge is the bottleneck and equipment issues
at the wells. When REB assumed full operatorship in May 17, there were only 16 healthy
producing wells out of its total stock of 59 wells. In 1Q18, the fields’ production rates
improved to 2,900bpd with 22 producing wells, with the rest still in shut-in status. Another
challenge is the inefficiencies of the logistics and pipeline route, which accounts for up to
US$10/bbl of costs, which REB targets to optimise by mid-18.
 Key milestones for 2018. REB is aware of its high cost base (on the profit level) and has
several milestones to fulfil: a) 2018 production target of 4,000-5,000bpd, b) to optimise the
logistics route (potentially saving up to US$3/bbl of logistic costs), and c) drilling two
exploration wells and upgrading the CPF facility. The bulk of the future capex and opex is for
well workover and drilling programmes in order to bring more development wells to
production.
 To remain FCF positive. While it will take time for the shareholder loan to be repaid, there
is no urgency for the company to raise funds as: a) there is no immediate outflow in its
financing cash flow in 2018-19, and b) the group has structured its capex funding in tandem
with its forecast of operating cash flow generation. REB expects to reach profit breakeven
assuming oil prices at >US$65/bbl and production levels reach the 4,000bpd mark.

Hahaha...

I guess 1Q still peanut, 2Q maybe walnut ..:-)

This counter got election or not?? Possible to vote & overturn the.... ?? haha

Tomorrow shooting star I guess..:-)

By method: to pay peanut & get........ haha

I think the management clever enough to gain more profit by cost cutting

Halloo,,, Sharul Hamid..???!!! Better show us in black before egm

Hahaha....Not too fast TongDong:-) Let CEO proof they are in black 1st

Expecting & hoping for positive news much better since this counter not popular for quit sometimes

Including me

Appleseed must be very angry now. Must be stuck here for too long.

U mean ceo & the gang are brainless to run a listed company?

Donkey CEO & gang

Haihhh...;-((

Patient in the dark ...??

Engineeringprofit must be new comers.. haha.. as far as I know CEO doesn't proof anything. Just talking star & moon. But bring us to the ground saja...

Haha.. ceo said this company long term business .. wait until his cicit then only can buy.. tipu orang company

@ OrlandoOil

Everything seem ok.. good story projection. So far doesn’t prove anything yet... so how?? Patient again....? & again...

Anyone can comment above..?

EXECUTIVE SUMMARY

The unaudited financial results for the quarter ended 31 December 2017 show that Reach Energy Berhad (“REB”) recorded a revenue of RM49.6 million, representing an increase of RM27.5 million as compared to the immediate preceding quarter. The Group recorded a loss before taxation of RM57.9 million in the current three months period mainly due to higher depreciation and finance cost. The net current liabilities has reduced to RM83 million as compare to the preceding quarter net current liabilities of RM282 million. Currently, the Group recorded a Net Asset Per Share of RM0.75 as compare to the closing market price of RM0.36 per share on 27 February 2018.

Emir-Oil LLP (“Emir-Oil”) has undergone significant improvements since the start of REB’s operatorship in late May 2017. Production has steadily grown throughout 2H of 2017 as a result of our intensive workover program to re-open idle wells and improve existing well productivity. In addition, we expect our development fields, North Kariman and Yessen to be converted into Commercial Production licenses in the near term. Drilling of the North Kariman-3 (NK-3) exploration well has commenced and could potentially double the in-place volumes of the North Kariman field if successful, adding up to 30 million stock tank barrels of oil (MMstb). In addition, REB has continued to implement various cost optimization initiatives that have resulted in significant CAPEX and OPEX savings.

The 2017 Reserves Report has shown that Emir-Oil currently holds 92 MMboe of oil and gas reserves. This is comparable to the 2016 Reserves Audit, re-affirming our belief that the asset was acquired at a competitive value. Significant outcomes to the 2017 Reserves Assessment include the increase of 3P reserves from 116 MMboe (2016) to 150 MMboe (2017) and the upgrade of our significant resources from ‘Prospective’ classification into a higher grade ‘Contingent’ classification (0 MMboe in 2016 and 23 MMboe 2C Resources in 2017). In addition, the Kariman and North Kariman fields are now regarded as one single reservoir unit, following the re-interpretation of available geological data. The updated view of the two fields as one hydrocarbon bearing structure has increased REB’s reserves.