REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.05

Today's Change

0.00 (0.00%)

Day's Change

0.045 - 0.05

Trading Volume

2,270,100


9 people like this.

18,502 comment(s). Last comment by Dennis8888 1 day ago

Posted by newbie_2016 > 3 weeks ago | Report Abuse

Hahahha... Just for fun, if the avg production BOE is 2,248, back of the envelop calc, the revenue this Q1 2022 will be around approximately RM63 to 65 million, (or more??)

Orson Chin

1,907 posts

Posted by Orson Chin > 3 weeks ago | Report Abuse

Oh no… auditor said got problem……. Pn17 soon

Posted by yangyang330 > 3 weeks ago | Report Abuse

sorry,can tell me will go to pn17 or not,i regretted not studied english well

Posted by melkeng888 > 3 weeks ago | Report Abuse

2020 ebitda negative (125m), at least 2021 ebitda positive 35m is very good turn around. with 2022 crude oil average stay above usd 100, confident this counter should be good bet. lets see end of may 1st qr out, if still running losses, then can consider this counter useless.

OKU_2020

2,375 posts

Posted by OKU_2020 > 3 weeks ago | Report Abuse

Gone case..!

Posted by newbie_2016 > 2 weeks ago | Report Abuse

Reach Energy Berhad (REB or the Company) - Issuance of Unqualified Audit Opinion with Emphasis of Matter on material uncertainty relation to going concern in respect of REBs audited financial statements for the financial year ended 31 December 2021
Pursuant to paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, kindly note that the Company's external auditors, PricewaterhouseCoopers PLT, have issued an unqualified audit opinion with emphasis of matter on material uncertainty relating to going concern, in view of the challenges arising from operational issues which have affected the Group’s ability to meet production targets and the volatility of crude oil price as a result of the uncertainties surrounding the industry caused by, among others, the COVID-19 pandemic and the Ukraine-Russia conflict, in respect of REB’s audited financial statements for the financial year ended 31 December 2021.

Posted by newbie_2016 > 2 weeks ago | Report Abuse

Hopefully Q1 2022 is a positive one..

Posted by newbie_2016 > 2 weeks ago | Report Abuse

i think the production is not high enough even tho price skyrocketed... i understand there is 'export quota' that they have to apply.. the ones that they sell domestically not getting the high prices...

Posted by yangyang330 > 2 weeks ago | Report Abuse

not export quota problem,the problem is not have hight production,wish have 3000 one day,now juat 2200 only,highest record is 3300 one

Posted by newbie_2016 > 2 weeks ago | Report Abuse

why lower production? @yangyang330? root cause?

Posted by yangyang330 > 2 weeks ago | Report Abuse

2018 4Q production 3100 bopd。2021 4Q prodution 2248

Posted by yangyang330 > 2 weeks ago | Report Abuse

2020 oil price brent oil 20~50,cost of prodution is25~30,so the production at 2020 just 16xx,sell more loss more,now 2021,the oil price brent oil 100
,so you can see the production is up 2xxx,but the highest record is 3100 bopd per day,you can count how many earn money if the produxcion hit targe 3100

Posted by melkeng888 > 2 weeks ago | Report Abuse

root cause is covid + low brent crude price that cause them to reduce production. normally higher production will bring down the cost to normal at below usd 10 which mention in 2021 annual report.

Posted by melkeng888 > 2 weeks ago | Report Abuse

buy and keep in safe for couple of years....

UPlanet

1,421 posts

Posted by UPlanet > 2 weeks ago | Report Abuse

Rubbish counters with rubbish management… collapse? Will capital reduction???

TheContrarian

7,224 posts

Posted by TheContrarian > 2 weeks ago | Report Abuse

Bought at 4 sen.

Posted by melkeng888 > 2 weeks ago | Report Abuse

look like internal people knowing something rotten news will be out thats why sell fast

Posted by newbie_2016 > 2 weeks ago | Report Abuse

@TheContrarian wow nice!! congrats!!

UPlanet

1,421 posts

Posted by UPlanet > 1 week ago | Report Abuse

Fast fast down to 0.5cent!!! Then can buy in with no fear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by newbie_2016 > 1 week ago | Report Abuse

still waiting for 0.5 sen!! hmmm

Posted by melkeng888 > 1 week ago | Report Abuse

wait slowly like brahim announced that it going to delist.

B4b4

7,385 posts

Posted by B4b4 > 1 week ago | Report Abuse

Buy

Bright888

43 posts

Posted by Bright888 > 1 week ago | Report Abuse

Brahim NTA is negative 31s whereas Reach NTA is positive 37s.

DonLee

440 posts

Posted by DonLee > 6 days ago | Report Abuse

but Brahim biz is otw back to pre pandemic

Posted by yangyang330 > 6 days ago | Report Abuse

just wait qr out,if loss,game over。if profit,go to sky

Posted by melkeng888 > 4 days ago | Report Abuse

lets wait, very soon got shock news.

Posted by yangyang330 > 4 days ago | Report Abuse

good news or bad news?

B4b4

7,385 posts

Posted by B4b4 > 4 days ago | Report Abuse

Buy

B4b4

7,385 posts

Posted by B4b4 > 4 days ago | Report Abuse

Buy Reach Energy now

Bright888

43 posts

Posted by Bright888 > 4 days ago | Report Abuse

Reach is good. Buy Reach

TheContrarian

7,224 posts

Posted by TheContrarian > 4 days ago | Report Abuse

Go, go, go Reach, make us rich. Haha.

Posted by newbie_2016 > 4 days ago | Report Abuse

@TheContrarian very faithful to Reach!! All the best to you!

TheContrarian

7,224 posts

Posted by TheContrarian > 4 days ago | Report Abuse

I see value in Reach. Only the substantial shareholders are weak.

Posted by newbie_2016 > 4 days ago | Report Abuse

what can we do? they own majority? the most I imagine could do is to tongue-lash them during AGM :)

Posted by newbiehk2014 > 4 days ago | Report Abuse

go go go....

Posted by Dennis8888 > 4 days ago | Report Abuse

Shark Comming,After Few Day Become 0.025

651158

1,987 posts

Posted by 651158 > 3 days ago | Report Abuse

Shark coming faster and run faster also

651158

1,987 posts

Posted by 651158 > 3 days ago | Report Abuse

Maybe tomorrow drop back to same price

TheContrarian

7,224 posts

Posted by TheContrarian > 2 days ago | Report Abuse

We make shark fin soup out of Big Shark.

651158

1,987 posts

Posted by 651158 > 2 days ago | Report Abuse

Dennis8888 one shark also cannot see don't talking big shark

TheContrarian

7,224 posts

Posted by TheContrarian > 2 days ago | Report Abuse

How many sharks are required to make a bowl of shark fin soup?

Sharkfin

92 posts

Posted by Sharkfin > 2 days ago | Report Abuse

Who called me

TheContrarian

7,224 posts

Posted by TheContrarian > 2 days ago | Report Abuse

Hahaha, people here wants to consume shark fin soup.

Posted by newbie_2016 > 1 day ago | Report Abuse

killing shark not good for the environment yes?

651158

1,987 posts

Posted by 651158 > 1 day ago | Report Abuse

One shark also don't have how to get the shark fin soup

651158

1,987 posts

Posted by 651158 > 1 day ago | Report Abuse

Reach director already killing the big, small shark and also small small fish

651158

1,987 posts

Posted by 651158 > 1 day ago | Report Abuse

We people just give the shark to eat after bigger director one time get it and bring back to eat lo

Posted by Dennis8888 > 1 day ago | Report Abuse

Drop back,hahaha

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