Highlights
KLSE: REACH (5256)       REACH ENERGY BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.04   -0.005 (11.11%)  0.035 - 0.04  1,398,800
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Overview

Market Cap: 44 Million
NOSH: 1,096 Million
Avg Volume (4 weeks):5,583,825
4 Weeks Range:0.03 - 0.05
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:0.03 - 0.10
52 Weeks Price Volatility (%):
14.29%
Average Price Target: 0.18
Price Target Upside/Downside: +0.14
Stamp duty exempted for year 2022

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2022 [#1]  |  30-May-2022
Next QR | Est. Ann. Date: 30-Jun-2022  |  23-Aug-2022
T4Q P/E | EY: -0.60  |  -166.42%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.37  |  0.11
T4Q NP Margin | ROE: -45.82%  |  -17.99%

Headlines

Date Subject
01-Jul-2022 Mplus Market Pulse - 1 Jul 2022
30-Jun-2022 MQ Market Updates - 30 June 2022
28-Jun-2022 MTD Capital Disposes of 10.36% Stake in Reach Energy
07-Jan-2022 Mplus Market Pulse - 7 Jan 2022

Business Background

Reach Energy Bhd is an oil and gas exploration and production company. It is principally engaged in the exploration, development, and sale of petroleum products in the Republic of Kazakhstan. The company earns the majority of its revenue from the sale of crude oil in the Republic of Kazakhstan.
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  9 people like this.
 
billionman quiet tyesday
26/07/2022 4:55 PM
melkeng888 now become sleepy ugly. no more volume. long sleep.....mati.
26/07/2022 7:18 PM
billionman wait 12/8..ex dateline..for warrant
27/07/2022 3:48 PM
billionman closing with strong support...
27/07/2022 4:50 PM
melkeng888 no strong goreng boss behind, just one day show. show 1 day sleep 10 days....
27/07/2022 6:22 PM
billionman 1 day ative..10 days sleeep....long rest
28/07/2022 10:01 AM
billionman the price will slightly up before 6 aug..conversion period push up a bit.......at parent unit price.....
28/07/2022 10:03 AM
billionman warrant conversion 1.27 bill shares (entering market 6 aug) + new issuance 1032 bil shares to SRL (not yet entering market)....??????up.. and dilution..sure likely to take place
28/07/2022 10:05 AM
billionman Kazakhstan oil waiting hahahahah
28/07/2022 10:06 AM
billionman Q2Q
30-May-2022 31-Mar-2022 51,219 -5,061 2,934 366 5.73% 0.09% 0.00 0.00 0.37 100.58%+
28/07/2022 11:18 AM
billionman reminisce Reach Energy Bhd (REB) has proposed to issue 1.03bn new ordinary shares at an issue price of 20.0 sen per share to undertake a debt settlement exercise involving RM206.5m owed to Super Racer Limited (SRL). At the same time, SRL and Cheung Siu Fai, acting in concert with SRL, intend to seek an exemption from the Securities Commission Malaysia from the obligation to undertake a mandatory take-over offer for the remaining REB shares and the outstanding warrants issued by REB expiring on 15th Aug 2022 on completion of the proposed debt settlement. The proposals are expected to be completed by 2H22. (The Star)
28/07/2022 11:23 AM
newbie_2016 @billionman got commission eh? ;)
28/07/2022 1:02 PM
newbie_2016 the warrant will expire with no conversion lah @Billionman....
28/07/2022 1:03 PM
billionman ohhh better...... less dilution...... why no ppl interested conversion ..conversion rate based on current mother share
28/07/2022 5:13 PM
billionman but still at lossssssss....die 2014 wA issued at ex price .75
28/07/2022 5:14 PM
billionman Posted by newbie_2016 > 4 hours ago | Report Abuse

@billionman got commission eh? ;)
...............................

yeah waiting TP .80 c........ collecting .. can wait end yr when more wells bpd increase. hahahah
28/07/2022 5:17 PM
billionman analyst forecast end 2022..peak 2023-2024 max production. And it will be sustainable for years..... fm my own analysis.....
28/07/2022 5:18 PM
billionman 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
Favourable Geological Conditions
Located in Western Kazakhstan the most prolific region in the country
Emir-Oil Concession Block is located in a proven oil region surrounded by other producing fields, such as the Zhetibai and Uzen oilfields

Developed Infrastructure
Major oil pipelines link Kazakhstan with Europe, via Russia, and China
Emir-Oil Concession Block is located close to export and distribution infrastructure centered around Aktau, Kazakhstan’s main Caspian Sea port
28/07/2022 5:20 PM
billionman just sharing
28/07/2022 5:21 PM
billionman if u read this...it helps to see the potential
https://eurodialogue.org/Will-Kazakhstan-oil-reach-Europe
28/07/2022 5:24 PM
billionman Kazakhstan is is well known as the oil-rich country’s ........yet to be tapped.. REACH is lucky the only Malaysian oil&Gas company to operate here.......
28/07/2022 5:30 PM
billionman The field O&G whose ultimate development price tag is estimated at more than $20 billion, lies in the shallows of the northern Caspian Sea. If gas reinjection is successfully implemented, it is expected to yield between 9-13 billion barrels of sweet, light crude, making it one of the world's top six deposits and the colossus of the Caspian region.

Kazakhstan is sparsely populated country--the size of Western Europe--in 2015 exporting 3 million bpd by. This is more than Russia exports today at that time and would place Kazakhstan among the world's top six exporters years to come.
28/07/2022 5:37 PM
cK1973 Goreng counter is like that ma....
No worries.....
Anak sudah hangus tapi ada ibu lagi ma....
Lets start the ball rolling....
29/07/2022 12:35 PM
billionman anak sudah buried.......gone
29/07/2022 3:15 PM
billionman oil market appreciating...good outlook
29/07/2022 4:06 PM
billionman https://oilprice.com/Energy/Crude-Oil/Big-Oil-Set-For-Blowout-Performance-But-What-Comes-Next.html
29/07/2022 4:49 PM
billionman https://www.msn.com/en-gb/money/other/exxonmobil-and-chevron-shatter-profit-records-eurozone-inflation-hits-record-8-9-business-live/ar-AA105zYK?cvid=c091c0e9784f4ee897db4601d4899c6a
30/07/2022 8:26 AM
billionman REACH will follow suit....hahahahaha
30/07/2022 8:27 AM
billionman ..High Oil Prices Spark A New Wave Of Exploration

By Alex Kimani - Jul 26, 2022, 7:00 PM CDT

Oil companies are reaping the benefits of high energy prices. 

Indebted American oil and gas companies, armed with improved balance sheets, are finally drilling again.

Oilfield services companies are among the biggest winners as demand soars on a favorable mix of exploration and offshore activity.
30/07/2022 6:55 PM
cK1973 Still strong this counter and holding at 4.
Well, i m still waiting at 1
Goreng counter ma
01/08/2022 9:46 AM
cK1973 aiyoyo, orang semua naik, u hibernate lagi ka ....
alamak....
01/08/2022 9:55 AM
newbie_2016 @cK1973 hibernate coz nobody want to goreng Reach lah imho. How ah @Billionman???? Kepish??
01/08/2022 11:53 AM
billionman waiting for dilution 1. conversion d 2. 1032 mil new issuance shares SRL still no news..timing ........
01/08/2022 2:55 PM
billionman if lucky it will hit 1-2 cents or in the range 2-3 cents the baseline..may be....... hahaha..sharks too watching and eyeing with interest.. oil demand and pricing is going to be pivotal up trending.....
01/08/2022 2:57 PM
billionman look in bskl where can you find O&G stock worth below .10 cents....
01/08/2022 2:59 PM
newbie_2016 think share price oledy incorporate dilution ma
01/08/2022 3:26 PM
billionman wait till 15 aug.......
01/08/2022 5:00 PM
billionman or 5 aug ..conversion time frame....
01/08/2022 5:01 PM
billionman Gann Support: 0.04/0.03 | Resistance: 0.05/0.06
01/08/2022 6:11 PM
cK1973 Hujan . U tidur lagi ka…
Bangun laaaaa
03/08/2022 10:20 AM
cK1973 Kesian dia…. 5c pun tak boleh lepas
03/08/2022 10:20 AM
billionman waiting
03/08/2022 11:21 AM
newbie_2016 waiting for ever... hehehehe
03/08/2022 3:20 PM
Understand Gone case
04/08/2022 9:17 AM
newbie_2016 @Understand Mr @Billionman thinks otherwise??? hmmmm ... what are we missing??
04/08/2022 10:00 AM
cK1973 Mau jatuh, jatuh betul betul sampai bottom ma,
Mau naik, naik betul betul ma,
tiap tiap hari tidur......
04/08/2022 1:27 PM
newbie_2016 gone case lor
05/08/2022 10:29 AM
Dennis8888 ALL TRAP HERE !!!
06/08/2022 2:59 AM
Understand Close shop.
06/08/2022 11:36 AM
newbie_2016 inching up?
06/08/2022 6:37 PM


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