[REACH (5256) Reach能源 REACH ENERGY BHD:EO资产中,关键活动得到巩固,加强和简化,以显着提高效率和生产力,North Kariman油田的试生产许可证已获批准,试生产期为18个月(2018年10月1日开始)] - James的股票投资James Share Investing


 [REACH ENERGY BHD:EO资产中,关键活动得到巩固,加强和简化,以显着提高效率和生产力,North Kariman油田的试生产许可证已获批准,试生产期为18个月(2018年10月1日开始)]

2018年仍然是Reach能源取得更佳业绩的充满挑战的一年,Reach能源继续其改善现有油井增加石油和天然气产量,并谈判提高出口配额和国内销售价格,以改善其收入。

截至2018年9月30日止的第三季度,与2017年第三季度收入为2210万令吉相比,集团的收入增长了84.7%(1870万令吉)。收入增长主要归因于产量增加,与2017年第三季度相比,2018年第三季度的世界原油价格上涨。随着成本优化工作的继续,本季度的营业费用(不包括DD&A)与2017年第三季度保持在同一水平,即使增加生产。

由于2018年第三季度收入增加及成本控制有效,Reach能源录得3708%(1030万令吉)利息,税项,折旧及摊销前利润(EBITDA)增加,相比在2017年第三季度损失30万令吉。

2018年第三季度500万令吉的融资成本包括未实现的外汇收益910万令吉和1410万令吉应付公司股东的利息。Reach能源于二零一八年第三季录得除税前亏损1,390万令吉,而2017年第三季除税前亏损为2,360万令吉,亏损减少970万令吉,即41.1%。目前,Reach能源的每股净资产为RM0.73,而2018年11月28日的收市价为每股0.35令吉。

对于本季度的审核,营业费用较前一季度有所下降。

Reach能源于本季度录得税前亏损1,390万令吉及累计亏损4,220万令吉(至2018年9月30日),而相比2017年第三季度,税前亏损为2360万令吉,累计季度(到2017年9月30日)税前亏损6370万令吉。

前景:
Reach Energy Berhad(REB)致力于将其油田管理的最佳实践嵌入其首创资产Emir Oil LLP(EO)。在EO资产中,关键活动得到巩固,加强和简化,以显着提高效率和生产力。

North Kariman油田的试生产许可证已获批准,试生产期为18个月(2018年10月1日开始),允许EO生产多产的North Kariman井。预计这将增加目前的石油产量。这个过程是2019年获得North Kariman油田完整生产许可证的前奏。

North Kariman 3 well(NK-3)的勘探钻井已经安全而成功地完成。该井目前正在进行测试分析中以评估其生产力程度和对储量的潜在贡献。这口井被认为是一种具有很高的探索成功机会(CoS),初步评估令人鼓舞。另外,勘探钻井了Kariman 16 well(K-16)最近已经开始并按计划进展。类似于完成的NK-3 well的风险概况,K-16 well被认为具有较高的CoS,因为它相对靠近当前的Kariman Field区域。2018年的第三个勘探井定于12月底开钻。预计这些井的勘探成功对EO储备基数,特别是2P储量有显着的正面影响。

决定改用Ansagan的替代石油处理和终端设施是有益的,因为它改善了石油在技​​术和商业方面的分配物流。这个更现代化的设施巩固了EO的标准操作(关于石油处理和核算的)程序,以及它与政府拥有的管道网络的紧密接近允许优化物流成本。

展望未来,2019年代表REB令人振奋的一年,因为EO正在计划一个更积极的发展计划,包括新development wells和中央处理设施(CPF)的启用。这些是EO的关键要素发展计划在未来几年内实现更高的生产和储备基础。 CPF不仅会大幅增加提升其石油处理能力和设施,但也可以集中所有生产经营活动。

他们正与哈萨克斯坦的Gas Processing Company LLP(GPC)讨论参与Aktobe地区的天然气加工和分销业务机会。这样的冒险也将有助于他们将来努力利润化Emir Oil资产的天然气储量。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.92 in 4 months 29 days, total return is 15.7%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.81 in 3 months 18 day, total return is 13.3%

3) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.10 in 1 month 16 days, total return is 11.1%

我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):

预计公司每年的增长率必须> 14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

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[REACH ENERGY BHD: key activities have been consolidated, strengthened and streamlined to significantly improve efficiency and productivity in EO asset, Trial Production license for the North Kariman Field has been approved and the Trial Production Period of 18 months commenced on 1 October 2018, allowing EO to produce the prolific North Kariman wells]

As year 2018 remains a challenging year for the Group to achieve better results, the Group has continued its strategies in workover of the existing wells to increase oil and gas production, and negotiate higher export quota and domestic sales price to improve its revenue.

For the third quarter ended 30 Sept 2018, the Group’s revenue had increased by 84.7% (RM 18.7 million) as compared to the revenue of RM 22.1 million in third quarter 30 Sept 2017. The revenue increase is mainly attributed to the increase in production volume and higher world crude oil price in third quarter 2018 as compared to third quarter 2017. As the cost optimising efforts continue, the operating expenses (exclude DD&A) in the current quarter under review has remained at same level as third quarter 2017 even with increased production.

As a result of higher revenue and efficient cost control in the third quarter of 2018, the Group has recorded 3708% (RM 10.3 million) increase in Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as compared to loss of RM 0.3 million in third quarter of 2017.

The Finance Cost of RM 5.0 million in third quarter 2018 consists of unrealised FOREX Gain of RM 9.1 million and RM 14.1 million interest payable to corporate shareholder. The Group has recorded Loss before Tax of RM 13.9 million in third quarter 2018, compared to Loss before Tax of RM 23.6 million in third quarter 2017, the loss has decreased by RM 9.7 million, or 41.1%. Currently, the Group’s net asset per share stands at RM0.73 as compared to the closing market price of RM0.35 per share on 28 Nov 2018.

For the current quarter under review operating expenses were lower compared with immediate preceding quarter.

The Group recorded a Loss before Tax of RM 13.9 million in the current quarter and Loss before Tax of RM 42.2 million in cumulative quarter to 30 Sep 2018 as compared to third quarter of 2017 Loss before Tax of RM 23.6 million and cumulative quarter to 30 Sep 2017 Loss before Tax of RM 63.7 million.

Prospects:
Reach Energy Berhad (REB) is committed to embedding best-practices in oilfield management in its maiden asset which is Emir Oil LLP (EO). Key activities have been consolidated, strengthened and streamlined to significantly improve efficiency and productivity in EO asset.

Trial Production license for the North Kariman Field has been approved and the Trial Production Period of 18 months commenced on 1 October 2018, allowing EO to produce the prolific North Kariman wells. This is expected to increase current oil production substantially. This process is a prelude to obtaining a full Production License for the North Kariman Field in 2019.

Exploration drilling of the North Kariman 3 well (NK-3) has been safely and successfully completed. The well is currently undergoing well test analyses to evaluate its degree of productivity and potential contribution to reserves. This well is considered an exploration well with a high chance of success (CoS), and preliminary evaluations are encouraging. In addition, exploration drilling of the Kariman 16 well (K-16) has recently commenced and is progressing as planned. Similar in risk profile to the completed NK-3 well, the K-16 well is deemed with a high CoS considering it is relatively in close proximity to the current Kariman Field area. The third exploration well for 2018 is scheduled for spudding in late December. The exploration success in these wells is expected to have significant positive effect on EO’s Reserves base, in particular the 2P Reserves.

The decision to switch to an alternative oil treatment and terminal facility in Ansagan has been beneficial, as it has improved oil distribution logistics in both technical and commercial aspects. This more modern facility has solidified EO’s standard operating procedures regarding oil handling and accounting, and its close proximity to government-owned pipeline network allows for optimization of logistics costs.

Looking ahead, 2019 represents an exciting year for REB, as EO is planning a more aggressive development program, consisting of new development wells and the commissioning of the Central Processing Facility (CPF). These are key elements in EO’s Master Development Plan to achieve higher production and reserves base within the next few years. The CPF will not only increase and upgrade their oil handling capacity and facilities significantly, but it will also enable centralising all their production operations activities.

They are in discussion with Gas Processing Company LLP (GPC) in Kazakhstanto evaluate an opportunity to participate in a gas processing and distribution business in the Aktobe Region. Such a venture would also help them in their future efforts to monetise the gas reserves in Emir Oil asset.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.92 in 4 months 29 days, total return is 15.7%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.81 in 3 months 18 day, total return is 13.3%

3) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.10 in 1 month 16 days, total return is 11.1%

I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/



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