Posted by PresidentRotiCanai > 2018-12-03 07:20 | Report Abuse

oil soaring

Posted by B4b4 > 2018-12-03 08:15 | Report Abuse

Yes.... Oil prices up more than 2%

Posted by B4b4 > 2018-12-03 08:54 | Report Abuse

Oil price now up almost 3%

Posted by samuel > 2018-12-03 09:17 | Report Abuse

Yeah Brent gap up.

Posted by Turnaround > 2018-12-03 09:35 | Report Abuse

Buy for another hike

Posted by SuperPanda > 2018-12-03 09:42 | Report Abuse

lucky oil up.. if not 30c for sure.. 6 dec opec meeting may good news continue

Posted by SuperPanda > 2018-12-03 09:42 | Report Abuse

haiyya ah dream taiko.. still hold ka sudah sell?

Posted by _Investment_ > 2018-12-03 10:13 | Report Abuse

Any insider news? How the share price heading to? North or South?

Posted by eg126 > 2018-12-03 10:29 | Report Abuse

Doesnt look good. Oil up but no support. Expect below 0.3 this week.

Posted by B4b4 > 2018-12-03 11:05 | Report Abuse

Reach energy only 2 years old compared to Hibi 5 years old. Relax bro, the management is good since they can function with good positive cash flow from the daily operating activities.

Posted by Run Bull > 2018-12-03 11:18 | Report Abuse

Hi B4b4,, most we here very disappointed with Q3 result. Low revenue as not we expected. Do u hav any idea why

Posted by Franklim1989 > 2018-12-03 11:29 | Report Abuse

REACH after 3:00pm will UP..later see

Posted by teoh1128 > 2018-12-03 11:36 | Report Abuse

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 .B4b4 can you help to verify is this written by YLR 33 is true? The cost of production is so high plus high financial cost then is not possible to make profit.

Posted by B4b4 > 2018-12-03 11:43 | Report Abuse

Oil price still up, now up 5%

Posted by B4b4 > 2018-12-03 11:44 | Report Abuse

Let ppl say anything.... Reach is still good

Posted by teoh1128 > 2018-12-03 12:04 | Report Abuse

Tqvm, that means fake one

Posted by WeiZian Chin > 2018-12-03 12:28 | Report Abuse

T.T

Posted by Run Bull > 2018-12-03 12:35 | Report Abuse

I don't know,, but I like this;

SaveMsiaFromPHGov
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.
01/12/2018 23:04

Posted by B4b4 > 2018-12-03 12:35 | Report Abuse

The cash balance for Reach now is positive ie RM 37.325 m

Posted by Run Bull > 2018-12-03 13:04 | Report Abuse

Alberta premier announces 8.7% oil production cut to increase prices.
Alberta Premier Rachel Notley has announced a temporary 8.7 per cent oil production cut, or decrease of 325,000 barrels a day, starting Jan. 1, 2019.

https://www.cbc.ca/news/canada/edmonton/alberta-premier-oil-differential-announcement-1.4929610

Posted by B4b4 > 2018-12-03 13:17 | Report Abuse

From 31st Dec 2017 to 30 Sept 2018, ie 9 months only, Reach Energy current assets jumped up to RM 81.454 m. The current liabilities dropped from RM 148.535m to RM 140.062 m. This means Reach is still good.

Posted by traderalexooi > 2018-12-03 14:36 | Report Abuse

company is still in losses. not much improvement. wasting time

Posted by B4b4 > 2018-12-03 14:47 | Report Abuse

Yes, I agreed with you. The company is still in losses, that is why it is cheap , just like Hibi in 2016 , only 19.5s.

Posted by B4b4 > 2018-12-03 14:48 | Report Abuse

You must study the potential for growth in 2 years time . My hope in 2019, Reach will hit 75s

Posted by Nicholasming91 > 2018-12-03 14:51 | Report Abuse

As long as you dont give up , give sometime for the company, at least they showed some profit last QR, lets see what they have the up coming QR .

Posted by B4b4 > 2018-12-03 14:56 | Report Abuse

Just watch Reach moves up slowly but surely, simply because of the oil reserves in the ground.

Posted by Jeffrey Ng > 2018-12-03 15:00 | Report Abuse

Truely REACH Investor like B4b4 will keep long term... Its a very huge potential for REACH to grow. Thats y i decided to keep 1-2years time in REACH

Posted by B4b4 > 2018-12-03 15:01 | Report Abuse

At least , there was a profit in the 2nd Qtr and a small loss in the recent 3rd Qtr. Not too bad for a young company managed by a very experienced hands on CEO

Posted by teoh1128 > 2018-12-03 15:01 | Report Abuse

Any one knows what is the production cost per barrel ? What is the production rate for 3rd quarter,

Posted by Lai Hm > 2018-12-03 15:05 | Report Abuse

good good... lets hold and see how far reach can bounce :)

Posted by B4b4 > 2018-12-03 15:16 | Report Abuse

The trade war between Xi and Trump is coming to an end. Oil prices up 5% today. Now, it is time to buy long on oil.

Posted by traderalexooi > 2018-12-03 16:46 | Report Abuse

it will most likely drop below 0.30 for sure. heavy selling on this stock. This has proven that no foreign interest at all on this stock as financial is bad

Posted by B4b4 > 2018-12-03 16:58 | Report Abuse

Reach has excellent financial, the cash flow from operating activities is positive and healthy. With lots of high quality Brent oil in their reserves, it is just a matter of time Reach will have good cash balance in the balance sheet account

Posted by Nicholasming91 > 2018-12-03 16:59 | Report Abuse

Reach has 0 debt , give them sometime to set up facilities etc.

Posted by WeiZian Chin > 2018-12-03 17:13 | Report Abuse

IS THAT oct'18 start increase production?

Posted by ran777rpt > 2018-12-03 17:47 | Report Abuse

Reach Energy Berhad (“REB”) is pleased to announce positive results of testing of the Exploration Well, North Kariman-3 (NK-3), in its Emir Oil Concession Block onshore Kazakhstan.
The well penetrated the target Mid-Triassic carbonate reservoirs, reaching a total depth of 4140.66 m. The NK-3 well has been safely and successfully executed as budgeted.
The NK-3 well encountered oil bearing intervals in the Mid-Triassic, based on log interpretations. The well was then perforated and stimulated, resulting with oil flow to surface. This will contribute significantly to REB’s reserves. In addition, reservoir pressure from the NK-3 well was determined to be relatively high compared with surrounding wells, and this suggests that it would be a highly productive well once it is put on production. Emir-Oil is now proceeding to apply for a test production license to further ascertain the commercial viability of this well.
There are two shallower intervals that will be perforated in the future once the test production of the aforementioned interval is completed. If they prove to flow oil, this would further enhance the value of this well in terms of commerciality and contribution to overall reserves and production.
The NK-3 well was spudded on 10 February 2018, and is the 1st of the 6 exploration well commitment of the current Exploration Contract.
Ir. Shahul Hamid Bin Mohd Ismail, CEO of Reach Energy Berhad commented;
“We are reaping the benefits of strategic planning of exploration wells, as we have prioritized high “chance of success” wells that can be swiftly linked into our existing production network and contribute to our revenue stream in the near term. The NK-3 well certainly fits the bill, as its relative close proximity to the Kariman field would allow for a seamless integration into commercial production once we obtain the Production License for the North Kariman field. This process is ongoing and proceeding as planned, as we expect to obtain the North Kariman Production License in 2019.”

Posted by Mohd Azman Yaacob > 2018-12-03 17:54 | Report Abuse

Beritahu itu shahul.. reserve saja no use... kena sedut itu minyak dan jual itu minyak...

Posted by Uncle Sam > 2018-12-03 18:00 | Report Abuse

Reach is along term trade la.
Short term punters go away la. U will be disappointed wan.
Reach will need time to gestate le.
But they did say gonna increase more production end of this year to 3000+ I think.
It will need time to be like hibiscus la.
1 to 2 years.
Short term noises no need see. Stuck it in your bed n go away haha

Posted by Mohd Azman Yaacob > 2018-12-03 18:33 | Report Abuse

Hee... uncle uncle...haha...

Posted by B4b4 > 2018-12-03 18:45 | Report Abuse

Hahaha..... Good news from NK-3 well ie positive results of testing where high pressured Brent oil is found

Posted by Mohd Azman Yaacob > 2018-12-03 18:48 | Report Abuse

Yea.. next qtr revenue 70 mill.. profit 20 mill..haha..

Posted by Nicholasming91 > 2018-12-03 19:09 | Report Abuse

Great news with high pressured well depth of 4km. Right time with oil price rebounding

Posted by YLR33 > 2018-12-03 19:16 | Report Abuse

teoh, all my sharing is calculated from QR, you also can calculate youeself, just simple math will do, not rocket science

i am more than happy if you call tell me which part is not true

teoh, just spend 3 hours to read thru the QR throughly, if you really want to success in stock investment.

and next QR, you just need one hour to understand your stock qtr performance

Posted by teoh1128 > Dec 3, 2018 12:04 PM | Report Abuse

Tqvm, that means fake one

Posted by toffeemoose > 2018-12-03 19:16 | Report Abuse

https://klse.i3investor.com/blogs/muze/184999.jsp

Oil counters with the respective cash assets and debts..

Posted by YLR33 > 2018-12-03 19:20 | Report Abuse

teoh, r u asking production rate? here you go, again, just simple math,
entire calculation? do yourself, treat as practice


Posted by YLR33 > Dec 2, 2018 11:49 AM | Report Abuse X

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.

Posted by B4b4 > 2018-12-03 19:27 | Report Abuse

So far there are 3 new Wells being drilled and explored. They are Yessen Y-3 well, Kariman K-16 and the latest is NK - 3 well. All these Wells will help to increase oil production substantially. So guys and friends, just buy and invest long term.

Posted by B4b4 > 2018-12-03 19:28 | Report Abuse

The cost of production per barrel for Reach Energy is USD 6.37. Please refer to the Reach Website.

Posted by YLR33 > 2018-12-03 19:28 | Report Abuse

betul Azman, the oil reserve is valueable, but if the royalty, tax or the like is 40% of revenue (16m vs 40m) then is not so good,
plus you need 1100m in 3 years (capex 800m + borrowing repayment 290m) and yr annual revenue hardly 200m


Posted by Mohd Azman Yaacob > Dec 3, 2018 05:54 PM | Report Abuse

Beritahu itu shahul.. reserve saja no use... kena sedut itu minyak dan jual itu minyak...

Posted by B4b4 > 2018-12-03 19:30 | Report Abuse

However, there are other operating costs like transportation which has been reduced by using pipelines from Ansagan Contract and some other taxes other than income tax.

Posted by YLR33 > 2018-12-03 19:32 | Report Abuse

i will prefer REACH MD tell us the actual progress of CPF and when can 20000bpd (reach 12000bpd) can achieve

and what is reason why the Q3 production/revenue can be so low?