REACH ENERGY BHD

KLSE (MYR): REACH (5256)

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Last Price

0.05

Today's Change

0.00 (0.00%)

Day's Change

0.05 - 0.05

Trading Volume

225,000

Overview

Market Cap

55 Million

NOSH

1,096 Million

Avg Volume (4 weeks)

2,790,025

4 Weeks Range

0.04 - 0.06

4 Weeks Price Volatility (%)

50.00%

52 Weeks Range

0.04 - 0.10

52 Weeks Price Volatility (%)

16.67%

Previous Close

0.05

Open

0.05

Bid

0.05 x 1,061,300

Ask

0.055 x 1,464,000

Day's Range

0.05 - 0.05

Trading Volume

225,000

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2021 [#4] | 28-Feb-2022

Next QR | Est. Ann. Date

31-Mar-2022 | 31-May-2022

T4Q P/E | EY

-1.03 | -96.87%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.37 | 0.14

T4Q NP Margin | ROE

-54.31% | -13.09%

Market Buzz
News and Blogs
Company Profile

Sector: ENERGY

Sector: ENERGY

Subsector: OIL & GAS PRODUCERS

Subsector: OIL & GAS PRODUCERS

Description:

Reach Energy Berhad, formerly Reach Energy Sdn Bhd, is a special purpose acquisition company for oil and gas exploration and production. The Company is focused on developing upstream hydrocarbon resources in the Asia Pacific Region. The Company intends to acquire qualifying assets related to the exploration and production of oil and gas development and production activities in the petroleum industry (Qualifying Acquisition). It evaluated over 40 Qualifying Acquisition targets spanning approximately five countries within its region of interest. The Company is targeting oil and/or gas brownfields in the production phase, and fields in the proximity of existing producing areas that are either in development phase or in advanced stages of development planning that is with Field Development Plan (FDP) in progress or approved but where production has not commenced. It intends to focus on countries, such as Malaysia, Indonesia, Australia, Myanmar, Thailand, the Philippines and Vietnam

Discussions
9 people like this. Showing 50 of 18,505 comments

melkeng888

2020 ebitda negative (125m), at least 2021 ebitda positive 35m is very good turn around. with 2022 crude oil average stay above usd 100, confident this counter should be good bet. lets see end of may 1st qr out, if still running losses, then can consider this counter useless.

3 weeks ago

OKU_2020

Gone case..!

3 weeks ago

newbie_2016

Reach Energy Berhad (REB or the Company) - Issuance of Unqualified Audit Opinion with Emphasis of Matter on material uncertainty relation to going concern in respect of REBs audited financial statements for the financial year ended 31 December 2021
Pursuant to paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, kindly note that the Company's external auditors, PricewaterhouseCoopers PLT, have issued an unqualified audit opinion with emphasis of matter on material uncertainty relating to going concern, in view of the challenges arising from operational issues which have affected the Group’s ability to meet production targets and the volatility of crude oil price as a result of the uncertainties surrounding the industry caused by, among others, the COVID-19 pandemic and the Ukraine-Russia conflict, in respect of REB’s audited financial statements for the financial year ended 31 December 2021.

2 weeks ago

newbie_2016

Hopefully Q1 2022 is a positive one..

2 weeks ago

LeoBaby

Why auditor ignore the fact brent price already up from 40 to 100 tikk last year dec. Going on concern totally ignore the fact brent price was at above 100 on dec.
Meaning it said reach cant survive even brent at 100 usd.

2 weeks ago

newbie_2016

i think the production is not high enough even tho price skyrocketed... i understand there is 'export quota' that they have to apply.. the ones that they sell domestically not getting the high prices...

2 weeks ago

yangyang330

not export quota problem,the problem is not have hight production,wish have 3000 one day,now juat 2200 only,highest record is 3300 one

2 weeks ago

newbie_2016

why lower production? @yangyang330? root cause?

2 weeks ago

yangyang330

2018 4Q production 3100 bopd。2021 4Q prodution 2248

2 weeks ago

yangyang330

2020 oil price brent oil 20~50,cost of prodution is25~30,so the production at 2020 just 16xx,sell more loss more,now 2021,the oil price brent oil 100
,so you can see the production is up 2xxx,but the highest record is 3100 bopd per day,you can count how many earn money if the produxcion hit targe 3100

2 weeks ago

melkeng888

root cause is covid + low brent crude price that cause them to reduce production. normally higher production will bring down the cost to normal at below usd 10 which mention in 2021 annual report.

2 weeks ago

melkeng888

since the price stable above usd 100, they can start maximize the production back to 3000 bopd.

2 weeks ago

melkeng888

buy and keep in safe for couple of years....

2 weeks ago

UPlanet

Rubbish counters with rubbish management… collapse? Will capital reduction???

2 weeks ago

TheContrarian

Bought at 4 sen.

2 weeks ago

melkeng888

look like internal people knowing something rotten news will be out thats why sell fast

2 weeks ago

newbie_2016

@TheContrarian wow nice!! congrats!!

2 weeks ago

UPlanet

Fast fast down to 0.5cent!!! Then can buy in with no fear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

2 weeks ago

newbie_2016

still waiting for 0.5 sen!! hmmm

1 week ago

melkeng888

wait slowly like brahim announced that it going to delist.

1 week ago

B4b4

Buy

1 week ago

Bright888

Brahim NTA is negative 31s whereas Reach NTA is positive 37s.

1 week ago

DonLee

but Brahim biz is otw back to pre pandemic

1 week ago

yangyang330

just wait qr out,if loss,game over。if profit,go to sky

1 week ago

melkeng888

lets wait, very soon got shock news.

6 days ago

yangyang330

good news or bad news?

6 days ago

B4b4

Buy

6 days ago

B4b4

Buy Reach Energy now

6 days ago

Bright888

Reach is good. Buy Reach

6 days ago

TheContrarian

Go, go, go Reach, make us rich. Haha.

6 days ago

newbie_2016

@TheContrarian very faithful to Reach!! All the best to you!

6 days ago

TheContrarian

I see value in Reach. Only the substantial shareholders are weak.

6 days ago

newbie_2016

what can we do? they own majority? the most I imagine could do is to tongue-lash them during AGM :)

5 days ago

newbiehk2014

go go go....

5 days ago

Dennis8888

Shark Comming,After Few Day Become 0.025

5 days ago

651158

Shark coming faster and run faster also

5 days ago

651158

Maybe tomorrow drop back to same price

5 days ago

TheContrarian

We make shark fin soup out of Big Shark.

4 days ago

651158

Dennis8888 one shark also cannot see don't talking big shark

4 days ago

TheContrarian

How many sharks are required to make a bowl of shark fin soup?

4 days ago

Sharkfin

Who called me

3 days ago

TheContrarian

Hahaha, people here wants to consume shark fin soup.

3 days ago

newbie_2016

killing shark not good for the environment yes?

3 days ago

651158

One shark also don't have how to get the shark fin soup

3 days ago

651158

Reach director already killing the big, small shark and also small small fish

3 days ago

651158

We people just give the shark to eat after bigger director one time get it and bring back to eat lo

3 days ago

Dennis8888

Drop back,hahaha

2 days ago

BigZakar

limit up anytime..............

3 hours ago

651158

I think like lost anytime no limit up again

3 hours ago

651158

All run to sap lo

2 hours ago

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