Posted by teoh1128 > 2018-12-03 19:55 | Report Abuse

YLR33 please give me your telephone number,I shall call you personally,as Reach is my major part of investment.Tqvm

Posted by teoh1128 > 2018-12-03 20:03 | Report Abuse

YLR 33 I agree with you Q3 should state clearly why revenue so low when they predicted in the Q2 that Q3 should produce 3900bpd

Posted by teoh1128 > 2018-12-03 20:15 | Report Abuse

Sorry the prediction shown on Reach website

Posted by Nicholasming91 > 2018-12-03 20:20 | Report Abuse

If they hit target of 3500bpd, probably this quarter will show profit instead. Not sure why the projection went off course, probably some issues on the equipment that might cause time and money to repair.

Posted by B4b4 > 2018-12-03 21:07 | Report Abuse

This is my take. 2900 bpd, forex 4.00, 60% is Reach owned, 65 pb,

Posted by YLR33 > 2018-12-03 21:08 | Report Abuse

even if Q3 achieve 3500bpd, reach shall made lost 2m, Q4 if achieve 3900bpd, shall loss 2m by IB analyst (at time Brent >$75pb)

Posted by YLR33 > 2018-12-03 21:14 | Report Abuse

as someone said, REACH owe tonnes of money, a whooping near 700m
interest expenses around 50m annually

just she owe to subsidiary shareholder MEIH not bank, but money still need to pay, MEIH need serve bond

so is rather miss leading table
please take info with critical mind


Posted by toffeemoose > Dec 3, 2018 07:16 PM | Report Abuse

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

Posted by YLR33 > 2018-12-03 21:18 | Report Abuse

thank teoh,
all my sharing is open
i share a lot on reach, you can learn from my previous postings if you find it useful

Posted by teoh1128 > Dec 3, 2018 07:55 PM | Report Abuse

YLR33 please give me your telephone number,I shall call you personally,as Reach is my major part of investment.Tqvm

Posted by TingDong > 2018-12-03 21:33 | Report Abuse

Personality I feel the management is not entirely transparent in their reporting. Vital information like how many barrels produced/sold for the quarter, average sale price, latest bpd etc are hardly reported. I have been a shareholder since IPO and my confidence in management is eroding by the day, frustratingly. If the CEO indeed knows what he is doing, as claimed by him during AGMs, he should be transparent in the reportings, as I believe he knows what information shareholder want to see.....unless he is withholding the info for hidden reasons!!!!

Posted by emil > 2018-12-03 21:36 |

Post removed.Why?

Posted by SuperPanda > 2018-12-03 22:31 | Report Abuse

YLR33 really do his homework.. bravo! Keep it up bro.

Posted by SuperPanda > 2018-12-03 22:41 |

Post removed.Why?

Posted by fazlyfaruc > 2018-12-03 23:01 | Report Abuse

keluar minyak, tapi x jual. mcm mana mau dpt duit.

Posted by MoneyAndHoney > 2018-12-03 23:08 | Report Abuse

Latest Oil Price News: Oil prices surge ahead of OPEC meeting
Oil prices climbed 4% on Monday ahead of scheduled OPEC meeting this week.

Zena Chamas @Zenachamas_IG
Financial Writer, Melbourne

Monday 03 December 2018 10:38

https://www.ig.com/au/news-and-trade-ideas/commodities-news/latest-oil-price-news--oil-prices-surge-ahead-of-opec-meeting-181203

Posted by MoneyAndHoney > 2018-12-03 23:11 | Report Abuse

Brent latest 61.68

Posted by FortuneBlooming > 2018-12-03 23:21 | Report Abuse

Bloomberg - Markets

Oil Jumps Most Since June on Saudi-Russia Pact and Canada Cuts

By Heesu Lee and Alex Longley

3 December 2018, 08:10 GMT+8 Updated on 3 December 2018, 21:41 GMT+8

https://www.bloomberg.com/news/articles/2018-12-03/oil-jumps-after-saudi-arabia-and-russia-agree-to-extend-pact

Posted by FortuneBlooming > 2018-12-03 23:27 | Report Abuse

CANADA JOINS IN WITH OPEC-RUSSIA MOVE!!!

Bloomberg - Markets

Canada's Unprecedented Oil Cut Plan Boosts Crude Prices, Stocks

By Kevin Orland

3 December 2018, 09:02 GMT+8 Updated on 3 December 2018, 22:23 GMT+8

https://www.bloomberg.com/news/articles/2018-12-03/alberta-orders-unprecedented-production-cut-to-ease-crude-crisis

Posted by CoolBull > 2018-12-03 23:33 | Report Abuse

Wow. Looks like everybody is now up & out on the offensive against Donald Trump.

Good. High time for everybody to stand up together to show that perennially bullshitting dickhead thug that he does NOT own the whole bloody planet.

Posted by DreamConqueror > 2018-12-04 00:01 |

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Posted by DreamConqueror > 2018-12-04 00:16 |

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Posted by SuperPanda > 2018-12-04 00:26 | Report Abuse

when ah dream come out.. sure have people kena flag.. he he. flagman.

Posted by SuperPanda > 2018-12-04 00:26 | Report Abuse

watever lah... tomorrow up 2c ok

Posted by DreamConqueror > 2018-12-04 00:29 |

Post removed.Why?

Posted by DreamConqueror > 2018-12-04 00:30 |

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Posted by DreamConqueror > 2018-12-04 00:33 |

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Posted by DreamConqueror > 2018-12-04 00:34 |

Post removed.Why?

Posted by DreamConqueror > 2018-12-04 00:41 |

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Posted by DreamConqueror > 2018-12-04 00:44 |

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Posted by DreamConqueror > 2018-12-04 00:56 |

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Posted by DreamConqueror > 2018-12-04 01:14 |

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Posted by The speculators The speculators > 2018-12-04 02:51 | Report Abuse

Yahooooo found oil already, Can get licences By 2019

Posted by The speculators The speculators > 2018-12-04 02:51 | Report Abuse

Got more oil For this company

Posted by The speculators The speculators > 2018-12-04 02:52 | Report Abuse

Any how this company Is improving

Posted by WealthSoWonderful > 2018-12-04 05:03 | Report Abuse

OilPrice.com

Oil Jumps On Trump-Xi Trade Truce

By Irina Slav - Dec 03, 2018, 11:00 AM CST

https://oilprice.com/Energy/Oil-Prices/Oil-Jumps-On-Trump-Xi-Trade-Truce.html

Posted by WealthSoWonderful > 2018-12-04 05:09 | Report Abuse

WTI latest 53.15 (up 4.36%)

Brent latest 61.91 (up 4.12%)

DJ latest score 25,826.43 points, i.e. up 287.97 points (1.13%)

Posted by Want2Win > 2018-12-04 05:28 |

Post removed.Why?

Posted by Nicholasming91 > 2018-12-04 07:10 | Report Abuse

Oil stayed strong, US realize cheap oil is not good for them , time for rebound

Posted by Nicholasming91 > 2018-12-04 09:02 | Report Abuse

Someone collecting

Posted by toffeemoose > 2018-12-04 09:03 | Report Abuse

kamonnnn!!!!!!!!!

Posted by Nicholasming91 > 2018-12-04 09:06 | Report Abuse

If can rebound like this, definitely still got many ppl interested in reach. Im impressed

Posted by Jeffrey Ng > 2018-12-04 09:12 | Report Abuse

I still have faith in REACH... Yesterday got good news...

Posted by Lim Chee Keong > 2018-12-04 09:15 | Report Abuse

Vol higher than hib

Posted by vivabursa > 2018-12-04 09:16 | Report Abuse

when Reach turns its huge reserves to production, profit will pour in. collect and hold for the future profit

Posted by Nicholasming91 > 2018-12-04 09:21 | Report Abuse

Very high volune today

Posted by sheryn74 > 2018-12-04 09:22 | Report Abuse

Wah.. high volume. Go go go...

Posted by Nicholasming91 > 2018-12-04 09:27 | Report Abuse

Switching hands

Posted by samuel > 2018-12-04 09:34 | Report Abuse

When will reach going to turn their reserve to production?

Posted by B4b4 > 2018-12-04 11:01 | Report Abuse

Oil maintains its rise, so is Reach Energy. After striking oil in NK-3 well (in December) and Yessen Y-3 and Kariman K-16 wells (in October month), this is the best on-shore EP oil stock in Malaysia. Buy and invest long term.

Posted by sheryn74 > 2018-12-04 12:45 | Report Abuse

Buy buy buy...

Posted by Pete118 > 2018-12-04 12:45 | Report Abuse

Im in the boat. Good luck