Posted by TheContrarian > 2023-09-14 20:24 | Report Abuse

Winter is coming ........

Posted by TheContrarian > 2023-09-15 04:19 | Report Abuse

Brent just hit USD94.

Posted by TheContrarian > 2023-09-15 09:19 | Report Abuse

Go, go, go Reach.

Posted by newbie_2016 > 2023-09-15 09:40 | Report Abuse

waahh so excited @TheContrarian?? hehehehe

Posted by TheContrarian > 2023-09-16 13:21 | Report Abuse

Uptrend in Brent will lift up all O&G counters.

Posted by BILLC > 2023-09-16 15:16 | Report Abuse

Uptrend in Brent will lift up all O&G counters

But not this cap Ayam,,,,

Posted by TheContrarian > 2023-09-17 11:00 | Report Abuse

Meanwhile, Brent Crude Oil rocketed above $94.63 a barrel to hit a fresh 2023 record high. Over the last two months, the world’s most traded Oil benchmark has tallied up a stunning gain of over 49% from its 2023 lows of $63.64 a barrel.

And the rally might not stop there!

Oil prices have been in a solid uptrend since Saudi Arabia announced plans to extend its 1 million barrel per day production cut until the end of the year – joined by Russia with its own 300,000 barrel per day output cut.

These cuts are in addition to the 1.66 million barrels per day output reduction other members of OPEC have put in place until the end of 2024.

Elsewhere, catastrophic floods in Libya have forced authorities to close four key Oil ports and shutdown local refineries. A move which as boosted expectations of global supply scarcity – adding further bullish tailwinds to the current energy price boom.

Libya, produces over 1 million barrels of Oil per day and sends around 85% of its exports to Europe. If all that supply in Libya was to remain off the market for an extended period of time – there’s no doubting that could easily send Oil prices soaring well into triple-digit territory.

Posted by TheContrarian > 2023-09-19 13:18 | Report Abuse

Brent just hit USD95 ..... and winter is coming.

Posted by newbie_2016 > 2023-09-19 21:24 | Report Abuse

lol.. @TheContrarian I like your building up the suspense..... like horror movies or Game of Thrones :)

Posted by TheContrarian > 2023-09-19 23:35 | Report Abuse

Winter is coming ....... rally behind the Starks!

Posted by THE ROCK > 2023-09-22 21:07 | Report Abuse

This counter need another Bullrun to be seen...lol

Posted by EngineeringProfit > 2023-09-22 21:27 | Report Abuse

Next QR

Posted by twynstar > 2023-09-25 08:03 | Report Abuse

Russia dodges G7 price cap sanctions on most of its oil exports


https://www.ft.com/content/cad37c16-9cbd-473c-aa2f-102c21393d2e?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev

Posted by B4b4 > 2023-09-27 11:13 | Report Abuse

Oil prices going up strongly. Almost USD 95 pb. Buy Reach and wait.

Posted by arcadicus > 2023-09-28 10:52 | Report Abuse

Brent $97 now ...

Posted by EngineeringProfit > 2023-09-28 11:01 | Report Abuse

Next QR

Posted by twynstar > 2023-09-28 21:26 | Report Abuse

Russia Sells Urals Oil To India At $20 Above The Price Cap


Data from traders and Reuters calculations showed that free on board (FOB) Urals cargoes to load from Russia’s western ports on the Baltic Sea in October were nearly $80 a barrel for Indian refiners as of Thursday.



https://oilprice.com/Latest-Energy-News/World-News/Russia-Sells-Urals-Oil-To-India-At-20-Above-The-Price-Cap.html

Posted by twynstar > 2023-09-28 21:54 | Report Abuse

Russian Oil Is Trading Closer to $100 Than the G-7 Price Cap


Russia’s flagship Urals grade is trading at $85.35 a barrel from the Baltic port of Primorsk and $86 from the Black Sea port of Novorossiysk.



https://finance.yahoo.com/news/russian-oil-trading-closer-100-103001221.html

Posted by Chong3710 > 2023-09-28 23:20 | Report Abuse

What the use of all these news, Reach equipment is not efficient, they are not able to increase production, do you think it’s going to increase their revenue even oil traded above USD100?

Posted by newbie_2016 > 2023-09-29 23:51 | Report Abuse

and ceo resigned! haiyaaaaa.... @TheContrarian what's up with this company??

Posted by arcadicus > 2023-09-30 10:06 | Report Abuse

End of contract la ...

Posted by rohank71 > 2023-09-30 10:52 | Report Abuse

2036, the concession to DIG oil expires. So have 13 years to go full swing. To do that must invest lots of money, but company and shareholders have no money. BIG rights issue coming?

Posted by EngineeringProfit > 2023-09-30 10:54 | Report Abuse

Unless this quarter can fetch over RM20 mil net profit$

Posted by rohank71 > 2023-09-30 10:56 | Report Abuse

No equipments to pump oil can't pump oil enought to make BIG money. No banks lend to O&G asset.

Posted by rohank71 > 2023-09-30 10:57 | Report Abuse

Unless BIG names.

Posted by Dehcomic01 > 2023-09-30 11:01 | Report Abuse

Except for 2016, the company has delivered negative ROE every since despite the high crude oil prices. So will it make money when oil prices comes down?

Posted by EngineeringProfit > 2023-09-30 11:16 | Report Abuse

That's why its price can only go up with more green QR

Posted by newbie_2016 > 2023-10-09 11:37 | Report Abuse

hope this Q will be green Quarter!!!

Posted by EngineeringProfit > 2023-10-14 10:47 | Report Abuse

No Green, no huat

Posted by B4b4 > 2023-10-16 13:38 | Report Abuse

buy . SRL is in control

Posted by Apastock > 2023-11-16 20:00 | Report Abuse

steady 1 more green, let shiooting star...

Posted by newbie_2016 > 2023-11-23 11:43 | Report Abuse

wow still got hopeful people!!

Posted by arcadicus > 2023-11-30 18:29 | Report Abuse

Latest QR green wor....😁

Posted by newbie_2016 > 2023-12-03 09:08 | Report Abuse

hahahaha green but no 'GO' wor.... still got hopeful people tho...

Posted by newbie_2016 > 2023-12-04 13:44 | Report Abuse

wow somebody just dumped??

Posted by newbie_2016 > 2023-12-06 14:29 | Report Abuse

oh the previous ceo just dumped his shares... weird guy

Posted by newbie_2016 > 2023-12-06 14:29 | Report Abuse

@TheContrarian whats your take?

Posted by B4b4 > 2 months ago | Report Abuse

Just buy and keep la. Only 3s.....the cheapest oil company in the world

Posted by MrFox > 2 months ago | Report Abuse

so u r saying it will remain the cheapest?
haha

Posted by triplex3mob > 1 month ago | Report Abuse

cannot REACH the sky....

Posted by modestos > 1 month ago | Report Abuse

another mismanaged O&G. Quote from NST 2023 "The company's financial situation deteriorated due to falling oil prices and the high costs of exploration and development in Kazakhstan.". Even the price of oil above which is way above USD70 also no money to be made. Kazakhstan oil concession is onshore, cost to extract is USD15 or lower. Reach Energy made the new discovery in the Emir Oil block through the drilling of the North Kariman-3, This suggests that NK-3 would be a highly productive well once we commence production. Still need exploration?

Posted by bizbro > 1 month ago | Report Abuse

hahahaha nice one, REACHing to the bottom

Posted by B4b4 > 3 weeks ago | Report Abuse

Brent oil prices going up and up ie USD 88 pb.

Posted by B4b4 > 1 week ago | Report Abuse

Reach ......going cheap....only 3s

Posted by B4b4 > 1 week ago | Report Abuse

Brent now above 90 pb

Posted by newbie_2016 > 1 week ago | Report Abuse

waaaaaahhh B4b4 you promoter Reach ka?? ;)

Posted by B4b4 > 1 week ago | Report Abuse

Reach has got plenty of oil reserves P1 worth RM 3.3 b

Posted by Orson Chin > 6 days ago | Report Abuse

Look likes hk boss not going to rebuilt this company

Posted by B4b4 > 6 days ago | Report Abuse

Hk boss bought over more assets from MIEH

Posted by bizbro > 3 days ago | Report Abuse

rebuilt what, waste money lah