REB will only go down and down since listed. It will go down all the way until the end of the road. No chance of reversing with the Donkey CEO cheating all the way.
look forward for CPF development by year end and licenses extension progress, when a stock has been depressed a lot, one good news can trigger the volume/price
Run bro & sis.. This is my 3rd advised already.. Must run away.. XXXXX DONT EVER BUY REACH (5256)XXXXX..This counter is not for investors.. THIS IS A STUPID NO POTENTIAL, CHEATING COUNTER.. PLS! PLS?! PLS! DONT EVER BUY THIS STUPID COUNTER.. SURE U WILL REGRET!!!
Humpty Dumpty had a Great Fall.....Khazakstan is no place to be for Humpty at the moment...Worker rioting and fighting at several oil production sites owned by Europeans and Turks. Khazaks workers beating up foreign workers over pay grievances..
Reach Energy Bhd saw a 4.9% stake or 62.8 million shares change hands in two direct deals for RM13.5 million on June 12. The transacted price of 21.5 sen was just above the 20.5 sen apiece the shares fetched on the open market that day.
Reach Energy executive director and CEO Shahul Hamid Mohd Ismail is deemed interested in the shares sold by the company’s former largest shareholder, Reach Energy Holdings Sdn Bhd.
Reach Energy Holdings had halved its holding after selling 127.8 million shares for RM31.78 million (average 24.87 sen apiece) the past three months, with its stake down to 11.66% following the June 12 disposal from 23.31% (255.6 million shares) as at end-March. It had sold 40 million shares for RM11.28 million (average 28.2 sen apiece) on April 23 and 25 million shares for RM7 million (28 sen each) on April 11, stock exchange filings and stock market data show.
MTD Capital Bhd, which was Reach Energy’s second largest shareholder with a 13.61% stake as at end-March, is now the largest shareholder in the latter. Closing at 20.5 sen last Wednesday, Reach Energy’s share price was down 30.5% or nine sen year to date and had more than halved compared with its year high of 50 sen on Oct 4 last year. Hong Leong Investment Bank Research had a “hold” recommendation and a target price of 25 sen on Reach Energy, according to BloombeaaMUI PropertiesTD the time of writing.
Is just restructure share holding in company. Oil fields needs lots of capital to take oil out. This company will not be finished. There might be JV coming to make production faster. Be patience is the answer
@ckkhor0722 : yesterday i see at their website,already can download powerpoint , but dont know can trust management or not~ you see liao share your idea to us...haha
Reach Energy has made substantial improvements to Emir-Oil since May 2017 including now having healthy cash-flow under its sole operatorship. • The Emir-Oil asset has been stretched with intensive workovers of the existing well stock. An initial CAPEX for new wells is required to take Emir-Oil to the next level -- majority of CAPEX can be self-funded once production reaches higher levels. • REB bottom-line is improving due to higher revenues and better netbacks in Emir-Oil. • REB is confident of unlocking the high potential of Emir-Oil given the results of its efforts so far, work ongoing and the plans ahead.
Exploration contract extension • Pending approval from State Ecology Board • On schedule to obtain extension by end of 2019 North Kariman and Yessen Production Contract • Pending approval from State Ecology Board • On schedule to obtain Production Contracts by early 2020 Development well drilling • Currently finalising well locations for 2019 • Target to drill 3 wells by end of 2019 • 12 new development wells targeted by end of 2020 Water and Gas Injection for Reservoir Pressure Maintenance • Started lab test analyses for water and gas feasibility study • Targeted to initiate pilot test in Q1 2020 CPF Completion • Final inspections by contractor prior to resuming construction work for completion • Construction targeted to start in September 2019
And price of share i think ad nearly bottom, so for long term investor, this share might give big return. Bt if u r short term player, i think not suitable for u.
great tactical moves... slowly drop..so that those still holding wont dare to sell...hoping it will gap up next day to throw like mad.... ..like that boss can disposed of his shares easily and at better targeted prices wakakaka how low can you slowly go?
Haha. I said i got buy mah.if I got buy must cheer up this counter. Haha. If I no buy I will said sell. Haha Since already buy then how can I look down this hibicus partner hibicus more than 1 ringgit last time lower than reach I said 50sen already super mercy to the boss to win this 50sen battle
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ron90
4,126 posts
Posted by Ron90 > 2019-07-03 01:07 | Report Abuse
this one..mostly going down only la