REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.03

Today's Change

0.00 (0.00%)

Day's Change

0.025 - 0.03

Trading Volume

90,100


9 people like this.

19,233 comment(s). Last comment by bizbro 1 week ago

BILLC

2,030 posts

Posted by BILLC > 2022-07-13 13:08 | Report Abuse

Supporters all kena slaughtered,,,be headed and roasted,,,,

No way to hide,,,,No way to run,,,, all mati katakkkk,,,,

8899EL8899

2,264 posts

Posted by 8899EL8899 > 2022-07-13 15:03 | Report Abuse

reach,.......keep going down,.......down to grave yard,........7 feet under,......no way to escape

billionman

828 posts

Posted by billionman > 2022-07-13 16:25 | Report Abuse

likely to south .for a duration time of frame...looking for impetus and SYNERGY....but .Kazaakstan scenario situating developing is much better...from earlier 2022 . Chinese and India demand for oil is huge........Kaz border with china easily can export to china via huge piping sys......that of something to think off strategically for growth.

..Monetary Policy meeting BNM sep OPR another spiked anticipated.....market as a whole chill sideways......but again good bargain for low cheap o&g stocks.......swing not much ......better be cautions looking at the confidence level of our Mal political scenario..but overall o& g still looks promising for good ROI...Trade on own decisions......be mindful of the scène developing ....market is very sensitives to news and rumours.

billionman

828 posts

Posted by billionman > 2022-07-13 16:30 | Report Abuse

T4Q NAPS/ 0.37 cents
P/ NAPS 0.08 cents

* Price/Net Assets Per Share

billionman

828 posts

Posted by billionman > 2022-07-13 16:37 | Report Abuse

mystery

Who said MTD is DBT? Up to now, no substantial shareholder emerged...

5 hours ago
......................................................................

https://www.theedgemarkets.com/article/mtd-capital-disposes-1036-stake...

KUALA LUMPUR (June 27):

1Highway construction group MTD Capital Bhd has ceased to be a substantial sharelder in Reach Engery Bhd, after disposing of a 10.36% stake in the oil and gas company.

2.The stake, comprising 114 million shares, were sold in the open market on June 24, said Reach Energy in a bourse filing.

3.MTD Capital, which was the second largest shareholder of Reach Energy, had emerged as a substantial shareholder in October 2016 after acquiring a 11.68% stake, comprising 117.87 million shares.

Following the disposal, MTD Capital is left with a 0.05% stake or 595,690 shares in Reach Energy.

citadel888

532 posts

Posted by citadel888 > 2022-07-13 16:37 | Report Abuse

hahaha billionman still talking how good how good, but sendiri didn't buy

billionman

828 posts

Posted by billionman > 2022-07-13 16:46 | Report Abuse

www.klsescreener.com/v2/announcements/view/3572769
Notice of Person Ceasing (Section 139 of CA 2016) - MTD CAPITAL BHD

1Notice of cessation 24 Jun 2022

2No of securities disposed 114,000,000

3Circumstances by reason of which a person ceases to be a substantial shareholder

4Disposal of shares by via direct business transaction

5Nature of interest Direct Interest

6Date of notice 24 Jun 2022
7Date notice received by Listed Issuer 27 Jun 2022

billionman

828 posts

Posted by billionman > 2022-07-13 16:50 | Report Abuse

Seems to hve 2 versions of statements regards to MTD ways of disposal 114 mil shares REACH

there u are MTD disposal via DBT....

1. i would rather take the statements fm KL screener than the write up in Edge.....

2. its official from the company itself REACH.

billionman

828 posts

Posted by billionman > 2022-07-13 16:54 | Report Abuse

..citadel888

hahaha billionman still talking how good how good, but sendiri didn't buy

13 minutes ago..
.................................................................................................

it a forum rite.
we talk and chat about a stock of how each of us traders perceived .
Trading is own decisions.
Info and data ..we used for our considerations and weighing....

it not NOt a call for buy or sell ...no such things..

we share info......that we tend to miss.....intuition sell and buy own decisions rite..hahahaha

billionman

828 posts

Posted by billionman > 2022-07-13 16:57 | Report Abuse

TA is showing clue ....

billionman

828 posts

Posted by billionman > 2022-07-13 17:01 | Report Abuse

this forum is very positive.. good for exchanging info ....if we start digging into the trail of Reach. .etc utilise it constructively ..for guidance obj having good ROI

TA and FA as further enhancement techniques to consolidate further our decisions......

billionman

828 posts

Posted by billionman > 2022-07-13 17:07 | Report Abuse

I3 chat is a place for “speaking our trading mind”...we share together..why not for our benefit too rite
we re looking to grasp opportunities actually...to make big .....as traders correct

billionman

828 posts

Posted by billionman > 2022-07-14 10:30 | Report Abuse

so quiet.....frozen

billionman

828 posts

Posted by billionman > 2022-07-14 15:16 | Report Abuse

since quiet.. why not pay visit to Kazakstan.....try horsemeat which has been a staple here since Genghis Khan was boss; they’re farmed for meat and, if you can overcome the guilt, it tastes somewhere between beef and venison.

billionman

828 posts

Posted by billionman > 2022-07-14 15:22 | Report Abuse

To reminisce .......Emir-Oil owns production contracts of four producing oil blocks (Aksaz, Dolinnoe, Kariman and Emir), as well as, an oil and gas exploration contract in Kazakhstan that extends over 850.3 sq km.

REACH said the oilfields would present good returns to the company and shareholders considering they were still in the early phase of their life cycle.

On the ease of doing business in Kazakhstan, Kazakh government provided a good ecosystem for foreign companies and it was eager to welcome more Malaysian companies into the country.

This sounds encouraging

billionman

828 posts

Posted by billionman > 2022-07-14 17:09 | Report Abuse

Facts.
http://reachenergy.com.my/about_kazakhstan.html

12th largest oil reserves in the world (Malaysia is 26th)
30 billion bbl of proven crude oil reserves (vs. 3.75 billion bbl for Malaysia)
Go-to country for oil & gas industry majors
The super-giant Kashagan field, containing 11bn bbl of reserves, commenced production in October 2016

billionman

828 posts

Posted by billionman > 2022-07-14 17:11 | Report Abuse

This is interesting
not promoting but sharing the info ..Trade own decisions.........

TheContrarian

8,724 posts

Posted by TheContrarian > 2022-07-15 12:30 | Report Abuse

Bought at 3.5 sen.

Posted by newbie_2016 > 2022-07-15 12:37 | Report Abuse

@TheContrarian whats happening with Reach?

billionman

828 posts

Posted by billionman > 2022-07-15 17:43 | Report Abuse

end 2022 production bopd will start to increase.
peaking in 2023-2024 bopd.......( barrel oil per day)

billionman

828 posts

Posted by billionman > 2022-07-15 17:48 | Report Abuse

http://reachenergy.listedcompany.com/annual_financials.html

look at Financial state REACH

billionman

828 posts

Posted by billionman > 2022-07-15 17:57 | Report Abuse

Lets share info....i am very interested in REACH cos of it potential...
Its not BUY or SELL l call but we grow together.....taking advantage of the current low price...

i will share what ever i can found be transparent... but trading on own decision

What is the lifespan of the production oilfield?
Emir-Oil Concession Block has 4 production licenses until 2036. However, we aim to
extend this lifespan further by upgrading our significant resources into reserves by
obtaining additional Commercial Production licenses. This is observed in our efforts to
convert the North Kariman and Yessen fields from Development fields into Production
fields

TheContrarian

8,724 posts

Posted by TheContrarian > 2022-07-15 20:29 | Report Abuse

@newbie_2016, I have been saying Reach presently has very weak major shareholders who can't support price. Cheap to buy now.

Posted by newbie_2016 > 2022-07-16 13:42 | Report Abuse

but I tot the new hongkie shareholder is a the new majority who should drive Reach to grater heights, no? MTD was crappy lah I agree

Posted by melkeng888 > 2022-07-16 17:33 | Report Abuse

he not yet major shareholder, egm also not yet held to approve the earlier proposal.

billionman

828 posts

Posted by billionman > 2022-07-16 19:38 | Report Abuse

yeeah

billionman

828 posts

Posted by billionman > 2022-07-16 19:40 | Report Abuse

keep on surveillance and update ....Reach is very focus in her niche exploration and production of oil gas....huge potential i do believe that

Posted by newbie_2016 > 2022-07-17 10:56 | Report Abuse

@billionman shounds like a promoter lol

billionman

828 posts

Posted by billionman > 2022-07-18 22:05 | Report Abuse

PIVOT POINT
..............S2 .......S1 ........P ......R1 ........R2
Daily 0.025 0.035 0.035 0.045 0.045
Weekly 0.025 0.035 0.035 0.045 0.045

billionman

828 posts

Posted by billionman > 2022-07-19 13:30 | Report Abuse

quiet

Posted by newbie_2016 > 2022-07-20 09:26 | Report Abuse

kepish @billionman??

Posted by melkeng888 > 2022-07-20 18:49 | Report Abuse

kaput......

Posted by newbie_2016 > 2022-07-20 21:41 | Report Abuse

can close shop oledy

billionman

828 posts

Posted by billionman > 2022-07-21 11:51 | Report Abuse

why close shop.....? oil still aplenty in Kazakhstan waiting to be tapped......2022 end and 2023 to 2024...oil production is up trending with more oil wells found and in operation

billionman

828 posts

Posted by billionman > 2022-07-21 11:51 | Report Abuse

it s going to better than Hibiscus and at par to Dialog

billionman

828 posts

Posted by billionman > 2022-07-21 11:53 | Report Abuse

for 1 mil shares now cost u RM 40 k in 1 year let say appreciation to TP 1.00....... u re already a millionaire hahahaha

Posted by newbie_2016 > 2022-07-21 13:18 | Report Abuse

wahhh.. really? why it's 3.5 sen currently? oil underground is not so useful unless you turn on the tap and get lots of $$$

Posted by harvest6138 > 2022-07-21 17:01 | Report Abuse

Reach need to improve the efficiency as current output is low .. hope their turn around plan can work (gas injection ) and increase the output significantly ..

Posted by newbie_2016 > 2022-07-21 17:31 | Report Abuse

@harvest6138 why need to inject gas to push the oil out? not enough natural pressure?

Posted by harvest6138 > 2022-07-22 08:47 | Report Abuse

you can see from above link , the gas injection is to improve the pressure and yield better output ... I believe Reach is using water injection method now and the result is not good hence need to resort to new method ..

billionman

828 posts

Posted by billionman > 2022-07-22 16:14 | Report Abuse

harvest u rite...

billionman

828 posts

Posted by billionman > 2022-07-24 11:01 | Report Abuse

weekend so quiet

billionman

828 posts

Posted by billionman > 2022-07-25 09:51 | Report Abuse


27/7/22 last day traded for wRRANT 27/7 /22 500PM

28/7/22 .Reach warrants will be suspended 28 july 22 Thursday

12/8/22 Ex period for the warrant holders to exercise rights of the warrants will expire on Friday 12/8/22 at 5 pm (expiry date). AFTER WHICH WILL BE VOID and cease validity

15/8/22..warrant will be officialy removed fm official listing bskl

billionman

828 posts

Posted by billionman > 2022-07-25 09:52 | Report Abuse

this is holding the price..since conversion and dilution will take place plus the 1032 nil new shares to SRL earlier entering the market....... Timely announcement..........

billionman

828 posts

Posted by billionman > 2022-07-25 09:58 | Report Abuse

REACH -WA 5256 WA

Listing Date 15-Aug-2014

Maturity Date 12-Aug-2022

Issue Size 1,277,822,225

Exercise Price MYR 0.75

Ratio 1:1

billionman

828 posts

Posted by billionman > 2022-07-25 10:00 | Report Abuse

Be mindful.....arioss

billionman

828 posts

Posted by billionman > 2022-07-25 23:37 | Report Abuse

kazkstan is quite a good place hving potential for more lucrative oil & gas for a Malaysian company to venture and profiteering

put $35k capital now for 1 mil shares at . 035 cents o..next year u wake up at least 1/2 millionaire if not millionaire hahaa

billionman

828 posts

Posted by billionman > 2022-07-26 16:55 | Report Abuse

quiet tyesday

Posted by melkeng888 > 2022-07-26 19:18 | Report Abuse

now become sleepy ugly. no more volume. long sleep.....mati.

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