Posted by Nicholasming91 > 2018-12-01 00:43 | Report Abuse

Until Trump pushes his limits, all hells break loose. If the US keep going on like this, long term will be wary

Posted by CoolBull > 2018-12-01 00:48 | Report Abuse

Trump has got only two years left. While his position has become substantially weaker with Republican loss at Senate. By 2019, he is going to be a lame duck. If he does not get impeached even sooner than that.

He is doing all kinds of crazy things now, becos he is struggling to remain relevant.

Posted by GoldenHarvest1 > 2018-12-01 01:05 | Report Abuse

LOL. Just becos Reach stock drops 1.5 sen in a day, does not mean that entire O&G sector in Malaysia is going to face a crisis.

Posted by TYS_Capital > 2018-12-01 05:20 | Report Abuse

reach is now the old hibiscus, I remember last time hibiscus was like that also in its share price. you scare you die.

Posted by TYS_Capital > 2018-12-01 05:22 | Report Abuse

wisely, you guys should not cut loss in the 10th year of last financial crisis. every 10 years always like.that, 3 years later recovery

Posted by Nicholasming91 > 2018-12-01 07:06 | Report Abuse

Havent even crisis.. dji index is still high up

Posted by Franklim1989 > 2018-12-01 08:01 | Report Abuse

5million lose is ok,maybe spend at other expenses..monday will up..lets us see

Posted by WeiZian Chin > 2018-12-01 08:15 | Report Abuse

human resource development through competency training , job grading and succession planning is progressing well and has resulted in improved organisational structure and work flow . outsourcing of facility maintenance activities in3Q 2018 is expected to embed more preventive maintenance routines to improve realiabity , availability and maintainability of operation facilities?

Posted by WeiZian Chin > 2018-12-01 08:16 | Report Abuse

what does this meaning? can explain to me? i see at last QR PROSPECT (CONT'D )thanks

Posted by B4b4 > 2018-12-01 08:52 | Report Abuse

Hi guys and friends, the 3rd Qtr is out yesterday. The P& L account showed loss of about RM 5 m. However, the CASH FLOW account is good, especially the net cash generated from operating activities of RM 32,463 m ( meaning the company make money from the daily activities). The only disappointment is the revenue which is not up to my expectations.

Posted by Jeffrey Ng > 2018-12-01 09:33 | Report Abuse

good point B4b4 :) I'm already left 10% inside reach. Just let it move long term now. Use others for other counter. GENM is a very good buy now...

Posted by B4b4 > 2018-12-01 10:01 | Report Abuse

Yes, GenM is a very good long term investments Jeffrey Ng

Posted by Run Bull > 2018-12-01 10:10 | Report Abuse

B4b4, any idea possibility effect on revenue 3QR?

Posted by WeiZian Chin > 2018-12-01 10:25 | Report Abuse

B4b4,SO you expectation Q4 next quarter revenue how much?

Posted by afifi > 2018-12-01 10:44 | Report Abuse

q3 ni byak bil-bil claim.
tu byk company rugi q3.

Posted by BetorInvest > 2018-12-01 12:47 | Report Abuse

Alaska hit be earth quake, there might be some distruption on oil production for a some time then. I wonder how will this affect the WTI price later on.

Posted by SaveMsiaFromPHGov > 2018-12-01 21:07 | Report Abuse

What la, you people. 5 mil loss also sudah kecoh oledy. Barakah 50 mil loss pun ada collapse kah.

Posted by SaveMsiaFromPHGov > 2018-12-01 21:11 | Report Abuse

Klu in qrtr ada loss, lg nx qrtr ada profit, then can play up another turnaround story lor. Lg boleh goreng lg satu round lor.

Posted by SaveMsiaFromPHGov > 2018-12-01 23:04 | Report Abuse

Dialog also good long term investment for O&G la. Don't know how many qrtrs already, every qrtr company make RM100+ mil profit

But where got investor like us can make profit from Dialog one. Too stable one, cannot play in & out one. Price RM3.50, sometimes hold six months also can get 10 sen profit only. Like that how to cari makan one.

Posted by Run Bull > 2018-12-01 23:45 | Report Abuse

SaveMsiaFromPHGov, really save our comfort.. Thank a lot.. Sir, should replace tunM. Save Malaysia & klse too. Thanks again

Posted by longvalley > 2018-12-02 11:35 | Report Abuse

b come hancus..............!!!!!!!
instability.........

Posted by YLR33 > 2018-12-02 11:49 | Report Abuse

Let see REACH Q3 result:
1) Revenue just 40.8m less than Q2 67m and Q1 42.4m despite appreciation of USD and claimed that daily production will increase.
Assuming Q3 average BRENT $73/m and 90% up time, Q3 production is just 1650bpd , a far cry from projected 3500bpd.
2)high royalty, extraction tax and transport cost, so all in cost could be more than $60pb
(Q2 profit generated from defer of interest payment, Q3 finance cost 5m, but no normalised yet)
3)Capex 139m needed in less than one year
4)Borrong repayment due in 2019 is 294m
5)Q2 report: CPF closed to resume, Q3R, no indication on this, expect further delay on CPF completion and production increment subsequently (could be due to no fund as HLIB mentioned in 3 month ago),

Posted by YLR33 > 2018-12-02 11:52 | Report Abuse

Q3 total lost is 18.3m, REACH own 60%, so loss shall be 11m, but just reported 5m, so can any sifu enlighten me on this?

Posted by B4b4 > 2018-12-02 12:44 | Report Abuse

Hi YLR33, Reach has forex gain

Posted by B4b4 > 2018-12-02 12:51 | Report Abuse

Hi YLR33, please take into account of the amount of oil reserves in the ground. The P1, P2 and P3 reserves are awesome and BIG.

Posted by B4b4 > 2018-12-02 12:52 | Report Abuse

Just wait for tomorrow and see how many ppl throw cheap, and how many ppl buy up again

Posted by B4b4 > 2018-12-02 12:54 | Report Abuse

Just wait and see the show tomorrow. RM 5m loss is peanuts for REACH ENERGY.

Posted by James Ng > 2018-12-02 14:05 | Report Abuse

https://klse.i3investor.com/blogs/general/184766.jsp
[转贴] [REACH ENERGY BHD：EO资产中，关键活动得到巩固，加强和简化，以显着提高效率和生产力，North Kariman油田的试生产许可证已获批准，试生产期为18个月（2018年10月1日开始）] - James的股票投资James Share Investing

Posted by YLR33 > 2018-12-02 17:32 | Report Abuse

just recap back some info on the Q2 report

REACH finance cost per year around 84.2m

from Q2R pg 9 item A7 (i) first 3 item, interest at least 36m, prinsipal
payment at least 48.2m9 (total borrowing 627m divide by 13 years : 20yrs-7 yrs in operation)
the higher usd higher finance cost

total operating cost per barrel is high, previously calculated usd$55pb
could be underestimated, base on 1H2018, operating loss is rm1.7m it mean if the realised selling price is $72.55 (take hibi north sabah ASP, as somebody claim Reach quality similar or better than north sabah)
so with 2900bpd and selling price $72.55pb still run into operating lost rm1.7m(page 1 QR)

extract tax, export tax, export duty tax etc is 33% of Revenue, it percentage can only go higher if Brent go higher, which cannot mitigate by bigger scale of production

as CAPEX remain high until year 2023 (commitment, page 10) depreciation cost will go higher

even with current high Brent price, and 12000bpd on year 2020, HLG forecast earning 40m (not yet take Capex and financial cost into consideration)

12000bpd is with assumption CPF completed in 3Q18 (have been delay from 1Q19), and construction work of CPF only will be resume subject to funding avaialbility, part of $100m Reach is looking to raise (HLG report)

Posted by YLR33 > 2018-12-02 17:41 | Report Abuse

all point out during Sep18 just happen in Q3:
1) higher depreciation and armotisation
2) delay in CPF construction resume
3) no avaiable of funding to capex/ increase production,
and high capital requirement next three years
so the 9months 33m cash from operation is just a peanut compare to finance cost and capital commitment and borrowing requirement

although oil reserve is value, but not so when all in cost is so high, plus REACH just dont the finance strengh to tap into that

Posted by pang72 > 2018-12-02 19:43 | Report Abuse

So.....Monday can touch my TP.....
32cents

Posted by faizszaki > 2018-12-02 21:12 | Report Abuse

Tomorrow will be 0.45 sen.. Hope so..huhu

Posted by emil > 2018-12-02 21:23 | Report Abuse

woah...lost 18m....key word "Kazakhstan"....Sumatec been there, done it

Posted by SuperPanda > 2018-12-02 21:32 | Report Abuse

30c lucky enough..

Posted by SuperPanda > 2018-12-02 21:36 | Report Abuse

long time dont here from ah dream the conqueror..

if havent sold then paper gain become paper loss already.. he he

Posted by pang72 > 2018-12-02 21:48 | Report Abuse

Ah dream is quietly reading because I am still kena flag

Posted by CoolBull > 2018-12-02 21:53 | Report Abuse

LOL, RunBull. We'll nominate & elect Mr. SaveMsiaFromPHGov for PM in GE15 then.

Posted by FortuneBlooming > 2018-12-02 22:17 | Report Abuse

U.S. Oil Production Surge Keeps Pressure on OPEC-Plus to Cut Supply

https://www.bloomberg.com/news/articles/2018-11-30/u-s-oil-production-surge-keeps-pressure-on-opec-to-cut-supply

Posted by FortuneBlooming > 2018-12-02 22:31 | Report Abuse

Bloomberg - Markets

Putin Says Russia, Saudi Arabia Will Extend OPEC+ (i.e. OPEC & Non-OPEC producers) Oil Pact

Ilya Arkhipov, Javier Blas and Nayla Razzouk

2 December 2018, 04:54 GMT+8 Updated on 2 December 2018, 21:45 GMT+8

https://www.bloomberg.com/news/articles/2018-12-01/putin-says-russia-and-saudi-arabia-to-extend-opec-oil-pact

There you go, guys. You're all going to regret panic selling at 31.5 on Friday. Regret big time.

Posted by Lim Chee Keong > 2018-12-02 23:25 | Report Abuse

Good news

Posted by Want2Win > 2018-12-03 03:35 |

Post removed.Why?

Posted by DreamConqueror > 2018-12-03 03:52 |

Post removed.Why?

Posted by DreamConqueror > 2018-12-03 04:03 |

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Posted by DreamConqueror > 2018-12-03 04:08 |

Post removed.Why?

Posted by DreamConqueror > 2018-12-03 04:11 |

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Posted by DreamConqueror > 2018-12-03 04:18 |

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Posted by DreamConqueror > 2018-12-03 04:28 | Report Abuse

Now, time for some chocolate, then some good beauty sleep.

;-P

Nite nite. Sleep tite.

Posted by DreamConqueror > 2018-12-03 04:35 | Report Abuse

Good luck for Monday trading

Posted by 4444 > 2018-12-03 05:13 | Report Abuse

25 sen revisit? Brent USD 80 make loss now US 60 bigger loss?

Posted by B4b4 > 2018-12-03 06:17 | Report Abuse

Russia and Saudi agreed to extend oil production cut in 2019. Hopefully this will help to push up the oil prices.