Posted by newbie_2016 > 2022-06-29 15:49 | Report Abuse

wow volume high!!

Posted by mystery > 2022-06-29 15:58 | Report Abuse

wow 0.05-0.055, for those hoping 0.25 pls sapu

Posted by Citadel666 > 2022-06-29 16:14 |

Post removed.Why?

Posted by Citadel666 > 2022-06-29 16:14 | Report Abuse

buy la sailang also operator can sell all his tickets

Posted by mystery > 2022-06-29 16:33 | Report Abuse

DBT only 5cents? walao, sinkalan 0.25......

Posted by awesome20 > 2022-06-29 16:54 | Report Abuse

all in target 6.5/7.0sen

Posted by B4b4 > 2022-06-29 16:57 | Report Abuse

Wah.... Good buy

Posted by mystery > 2022-06-29 17:01 | Report Abuse

stop kidding, dun think Reach worth 0.25, if worth 0.25, ppl ady snatch... lol

Posted by DonLee > 2022-06-29 17:34 | Report Abuse

some one acquire about 10 percent shares from MTD on Friday 24th. within how many days they need announce the new shareholder ?

Posted by Solomon007 > 2022-06-29 20:08 | Report Abuse

DonLee, within 7 days.

Posted by Dennis8888 > 2022-06-29 22:00 | Report Abuse

Trap trap trap

Posted by melkeng888 > 2022-06-29 23:22 | Report Abuse

the deal should be 0.075-0.09

Posted by melkeng888 > 2022-06-30 00:25 | Report Abuse

this price is MTD start dispose in open market

Posted by mystery > 2022-06-30 08:33 | Report Abuse

If MTD disposed its shares to 10 different entity/ppl, so new buyer no need disclosed as it is not consider substantial shareholder?

Posted by B4b4 > 2022-06-30 08:41 | Report Abuse

Buy buy buy. Buy and keep

Posted by Bright888 > 2022-06-30 08:53 | Report Abuse

Hahaha.....I follow you B4b4. Thanks

Posted by B4b4 > 2022-06-30 10:09 | Report Abuse

Left and Right hand play....

Posted by B4b4 > 2022-06-30 10:11 | Report Abuse

The old exit and the new coming in

Posted by adikkici > 2022-06-30 10:31 | Report Abuse

If close above 0.065 people will believe. If not, just terjun lombong

Posted by mystery > 2022-06-30 10:58 | Report Abuse

only close above 0.075 then good

Posted by Dennis8888 > 2022-06-30 13:06 | Report Abuse

Sudah Kena Trap Still Trust !

Posted by adikkici > 2022-06-30 13:31 | Report Abuse

If can't stay above 0.06/0.07 its mean sideway until next week

Posted by adikkici > 2022-06-30 13:43 | Report Abuse

Trading ideas: MyNews, Sapura Energy, Reach Energy, AAX, DNeX https://www.thestar.com.my/business/business-news/2022/06/28/trading-ideas-mynews-sapura-energy-reach-energy-aax-dnex (Share from StockHunter)

Posted by birkincollector > 2022-06-30 14:14 | Report Abuse

wow debt settlement...issued shares at 0.200

Posted by mystery > 2022-06-30 14:24 | Report Abuse

wow, hoseh, creditors accept debts settlement at price of 0.20, meaning fair value of Reach is above 0.20? 0.30? or 0.50?

Posted by mystery > 2022-06-30 14:33 | Report Abuse

2.30pm no ppl want to grab 0.055, look like investors become smart, not gonna cheated by Reach again, hahaha

Posted by adikkici > 2022-06-30 14:44 | Report Abuse

Big shark and small retailers sangkut 0.085-0.095.. siapa mau tolak naik.. haiyaa

Posted by harvest6138 > 2022-06-30 15:11 | Report Abuse

Based on QR report the interest rate for the debt is 5% , so the 245mil debt settlement means annual saving about 12mil ...

Posted by Citadel666 > 2022-06-30 15:36 | Report Abuse

shark mana Ada sangkut, shark price only 0.05

Posted by mystery > 2022-06-30 15:44 | Report Abuse

Nanti shark sangkut di harga 0.20 for debt settlement, hahaha

Posted by B4b4 > 2022-06-30 16:00 | Report Abuse

A new guy has arrived

Posted by TheContrarian > 2022-06-30 16:24 | Report Abuse

Bought back at 5.5 sen.

Posted by B4b4 > 2022-06-30 16:52 | Report Abuse

Buy buy buy

Posted by DonLee > 2022-06-30 17:07 | Report Abuse

its like a PP 1 billions shares at 20 cents .

Better than RI ask you for money lor

Posted by DonLee > 2022-06-30 17:09 | Report Abuse

but what the f why debtor willing to get reach share at 20 cents while market price at 5.5 .
Do the board reveal anything to the debtor which is non known by public share holder ??
latest production figures etc....

Posted by harvest6138 > 2022-06-30 17:13 | Report Abuse

Debtor is the company who owns the 40% share of Emir oil (Reach owns 60% ) ..

Posted by Orson Chin > 2022-06-30 17:35 | Report Abuse

Reach no money to pay debt … so debtor take over the company … that all…..

Posted by mystery > 2022-06-30 17:36 | Report Abuse

There will be new allotment of 1,032mil shares, after allotment total shares number become 2,128mil. So the creditor become majority shareholder, sound like RTO?

Posted by adikkici > 2022-06-30 17:37 | Report Abuse

azri azerai mau JV dgn arab kot

Posted by TheContrarian > 2022-06-30 18:45 | Report Abuse

The true value of one Reach share based on its 60% interest in Emir Oil in Kazakhstan is approximately 30 sen. A Hong Kong tycoon who already bought 40% interest in Emir Oil is now rescuing Reach by converting loans into new Reach shares at 20 sen per share. Once he takes over Reach will have a very strong controlling shareholder.

Posted by adikkici > 2022-06-30 19:26 | Report Abuse

Wow nice news

Posted by melkeng888 > 2022-06-30 19:30 | Report Abuse

last few month ago, i did post that hammer capital hk buy over emir oil 40% @ usd 55m. when he just bought reach 20% he already controlling emir oil. cause reach share pricing so low, oil price up no reason they dont buy up. next scenario will be sold off emir oil at higher price since he already controlling major stake of emir oil.

Posted by melkeng888 > 2022-06-30 19:33 | Report Abuse

is definately better then RI. furthermore with so low share price, how much fund can raise.

Posted by melkeng888 > 2022-06-30 19:37 | Report Abuse

after the deal complete, very soon will see hammer capital dispose off emir oil.

Posted by melkeng888 > 2022-06-30 19:42 | Report Abuse

with this 14% interest offset to share and 13m reduce to 5%, emir oil definately able to show profit.

Posted by TheContrarian > 2022-06-30 19:59 | Report Abuse

The Hong Kong tycoon has big plans for Emir Oil. Already holding 40% in Emir Oil, he is posed to emerge with almost 50% shareholding in Reach, making him the single largest shareholder in Reach.

Posted by melkeng888 > 2022-06-30 20:34 | Report Abuse

with major controlling of reach, he had no resistance or objection to dispose emir oil. he is investor, i dont think he will manage emir oil.

Posted by DonLee > 2022-06-30 20:39 | Report Abuse

he already control reach all board member need to listen to him now.

Posted by DonLee > 2022-06-30 21:16 | Report Abuse

Reach Energy completed the purchase of the 60% stake in Emir-Oil, via the purchase of equity in Palaeontol BV for US$175.9 million, on Nov 25, 2016.

The vendor was Palaeontol’s parent company, Hong Kong-listed MIE Holdings Corp, which kept the remaining 40%. The acquisition fulfilled Reach Energy’s requirements as a special purpose acquisition company to acquire a qualifying asset within a 36-month period, allowing it to graduate into a fully independent O&G E&P company.

Shahul said the company now has a different focus, which is to consolidate operations and increase oil production.

The group plans to increase its oil production to between 4,000 and 5,000 barrels per day (bpd) by the end of the year. The company’s production levels currently stand above 3,000bpd. It currently has 54 oil wells in Emir-Oil, and plans to gradually add on another 34 by 2026.

“We took full control of Emir-Oil only in May, following a six-month handover agreement with the vendor. So it’s hardly been two months. We are now introducing our methodologies, our improvements and our way of doing things. It’s showing results. [I know because] I’m there, I’m hands-on,” said Shahul, adding Reach Energy’s focus this year and next will be on turning around the whole business to increase production and efficiency.

Posted by DonLee > 2022-06-30 21:22 | Report Abuse

https://www.theedgemarkets.com/article/reach-energy-remains-optimistic-about-emiroil