[REACH ENERGY BHD：从2018年10月开始到2019年底，他们已经获得北卡里曼油田15个月的试生产期（TPP）许可证，这使他们能够在North Kariman油田（North Kariman-1和North Kariman-2）放置2口井，在整个试验期间持续生产]
1Q19 vs 1Q18:
截至2019年3月31日止第一季度，集团的收入为5080万令吉，高于2018年同期的4250万令吉，提高了830万令吉或19.5％，尽管2019年第一季度的日产量为2,800桶，低于2018年第一季度的2,900桶。
由于这集团的收入主要以美元计算，2019年第一季度的强势美元与令吉汇率兑换（2018年第一季度较低）也导致集团的收入增加。随着成本优化工作的继续，分销费用，员工薪酬成本以及一般和管理费用等运营费用（不包括DD＆A）减少了。
本季度的折旧，耗减和摊销（DD＆A）下降了23.3％（从1,960万令吉降至1500万令吉），主要是由于储备增加，因此生产率下降。由于收入增加及营运开支减少，这集团于2019年第一季度录得利息，税项，折旧及摊销前利润（EBITDA）为1560万令吉，而2018年第一季则为770万令吉。
这集团于2019年第一季度录得税前亏损为2010万令吉，而二零一八年第一季的税前亏损为4090万令吉，亏损减少2,080万令吉或50.8％。目前，这集团每股净资产为0.76令吉，而2019年5月24日的收市价为每股0.24令吉。
1Q19 vs 4Q18:
对于本季度的审查，运营支出与上一季度相比略有下降。这集团税前亏损为2,010万令吉，而税后亏损为1280万令吉，而2018年第四季除税前利润为350万令吉及税后亏损为1,500万令吉。
前景：
在整个2019年，他们将继续努力通过以下明确目标加强其核心业务：i）从现有井增加石油生产; ii）降低生产成本; iii）将其开发准备的油田获取商业生产许可证; iv）进行战略勘探钻探，研究和地质建模。
他们在接近获得商业生产许可证的两个发展油田（North Kariman和Yessen）取得了良好进展。从2018年10月开始到2019年底，他们已经获得北卡里曼油田15个月的试生产期（TPP）许可证。这使他们能够在North Kariman油田（North Kariman-1和North Kariman-2）放置2口井，在整个试验期间持续生产。该TPP代表了获得North Kariman油田商业生产许可证的最后一步。至于Yessen Field，他们正在努力在2019年下半年获得TPP许可证，这将允许他们从两个发现井，Yessen-1和Yessen-2连续生产。
油井问题分析一直是他们改善生产绩效的重要组成部分。这涉及业务重点，通过地面设施和利用ESP不断提高他们对油库及其动态的了解，这将使他们能够进一步发现提高现有井产量水平的机会。迄今为止，他们的大多数关注和优化工作都在Kariman油田。展望未来，他们准备在Dolinnoe和Emir Fields进行类似的密集井修复工作。目前正在进行地面设施的消除瓶颈，以改善其设施网络，以减少系统中的背压，从而最大限度地提高其日产量。基础设施的发展包括将North Kariman集群连接到主要网络，为Yessen TPP准备地面设施以及改善内部石油和天然气运输链路。
计划于2019年在Kariman油田进行注水试点项目，以维持油藏压力。他们相信2019年是完成中央处理设施（CPF）建设的好时期，这仍然是他们的长期的实地发展计划的重要组成部分。
Kariman 16（K-16）井的勘探钻井已经安全而成功地完成。该井目前正在进行分析，以评估其生产力程度并量化对储量的贡献。初步评估令人鼓舞。此外，Kariman 15（K-15）井的勘探钻井正在按计划进行。考虑到K-15距离目前的Kariman Field采矿分配区域相对较近，K-15被认为具有很高的成功率。 2019年，在Yessen油田安排了一口勘探井。由于目前的勘探许可证将于2020年1月到期，因此正在努力寻求延长许可证。
自2017年5月承担Emir Oil资产的运营以来，在资金有限的状况下，他们继续大幅提升资产表现。随着油价上涨的情况，2019年看起来有利于确保所需的资金能够得到，和追求更积极的发展计划，包括新的开发井，以增加生产和收入。
-----------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.57 (dividend RM0.015) in 11 months 4 days, total return is 121.7%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.49 in 6 months 30 days, total return is 86.3%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.40 (dividend RM0.04) in 1 year 15 days, total return is 81.1%
d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.63 (dividend RM0.1875) in 9 months 2 days, total return is 49.1%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.36 (dividend RM0.008) in 6 months 23 days, total return is 41.8%
f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.44 in 1 month 16 days, total return is 38.5%
g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.795 in 5 months 26 days, total return is 38.3%
h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.67 (dividend RM0.035) in 7 months 28 days, total return is 34.3%
i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.81 (dividends RM0.063) in 9 months 9 days, total return is 17.8%
j) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.60 (dividends RM0.04) in 9 months 16 days, total return is 14.7%
k) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.975 in 6 months 16 days, total return is 14.7%
l) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.17 in 5 months 26 days, total return is 12.5%
m) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.19 (dividends RM0.084) in 11 months 17 days, total return is 7.9%
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。
我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系
1)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
7月28日星期日：Silka Johor Bahru Hotel, Johor Bahru
8月10日星期六：AG Hotel Penang, George Town
9月7日星期六：Hotel Sri Petaling, KL
2)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡
7月27日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心
8月11日星期日：AG Hotel Penang, George Town 4份点心
9月8日星期日：Hotel Sri Petaling, KL 3份点心
3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡
7月26日星期五：Silka Johor Bahru Hotel, Johor Bahru 5份点心
8月9日星期五：AG Hotel Penang, George Town 4份点心
9月6日星期五：Hotel Sri Petaling, KL 3份点心
有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043
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James Ng
--------------------------
[REACH ENERGY BHD: They have received a Trial Production Period (TPP) License for the North Kariman field for 15 months, commencing from October 2018 until end of 2019. This has allowed them to put 2 wells in the North Kariman field (North Kariman-1 and North Kariman-2) on continuous production throughout the trial period]
1Q19 vs 1Q18:
The Group’s revenue of RM 50.8 million for the first quarter ended 31 March 2019 is higher than the RM 42.5 million recorded in the same quarter of 2018 by RM 8.3 million or 19.5%, even though the production for the first quarter of 2019 of 2,800 bopd is lower as compared to 2,900 bopd in the first quarter of 2018.
As the Group’s revenue is mainly in USD Dollar, the strong USD Dollar to Ringgit in the first quarter 2019 as compared to lower exchange rate in the first quarter 2018 had also contributed to higher revenue in Ringgit for group reporting. As the cost optimising efforts continue, the operating expenses (exclude DD&A) such as distribution expenses, employee compensation costs and general and administrative expenses have decreased.
Depreciation, depletion and amortization (DD&A) for the current quarter has decreased by 23.3% (from RM 19.6 million to RM15.0 million), mainly due to increase in reserves and hence lower unit of production rates. As a result of higher revenue and lower operating expenses, the Group recorded Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) of RM 15.6 million in the first quarter of 2019 as compared to RM 7.7 million in the first quarter of 2018.
The Group recorded Loss before Tax of RM 20.1 million in the first quarter 2019, compared to Loss before Tax of RM 40.9 million in the first quarter 2018, the loss has been decreased by RM 20.8 million, or 50.8%. Currently, the Group’s net asset per share stands at RM 0.76 as compared to the closing market price of RM 0.24 per share on 24 May 2019.
1Q19 vs 4Q18:
For the current quarter under review, operating expenses recorded slightly lower compared with immediate, preceding quarter. The Group has reported Loss before Tax of RM 20.1 million and Loss after Tax of RM 12.8 million compared to the fourth quarter 2018 Profit before Tax of RM 3.5 million and Loss after Tax of RM 15.0 million.
Prospects:
Throughout 2019, they will continue their efforts to strengthen their core business through the following clear goals: i) Increase oil production from existing wells; ii) Reduce production cost; iii) Mature their development-ready fields into commercial production licenses; and iv) Conduct strategic exploration drilling, studies and geological modelling.
They have made good progress in their 2 development fields (North Kariman and Yessen) that are close to obtaining Commercial Production Licenses. They have received a Trial Production Period (TPP) License for the North Kariman field for 15 months, commencing from October 2018 until end of 2019. This has allowed them to put 2 wells in the North Kariman field (North Kariman-1 and North Kariman-2) on continuous production throughout the trial period. This TPP represents the final step of the process to obtain a Commercial Production License for the North Kariman field. As for the Yessen Field, they are working towards obtaining a TPP License in 2H of 2019 that would allow them to produce continuously from two discovery wells, Yessen-1 and Yessen-2.
Well problem analysis has been an essential part of their efforts to improve their production performance. This involves operational focus to continuously improve their understanding of the reservoir and its dynamics with surface facilities and utilized ESPs, which would allow them to further identify opportunities to increase production levels from existing wells. Most of their attention and optimization efforts to date have been in the Kariman Field. Moving forward, they are poised to conduct similar intensive well remediation work in Dolinnoe and Emir Fields. Debottlenecking of surface facilities is currently ongoing, to improve their facilities network to reduce back-pressures in the system to maximize their daily production throughput. Infrastructure developments include hooking up the North Kariman cluster to the main network, preparing surface facilities for the Yessen TPP and improving internal oil and gas transport links.
A water injection pilot program is planned for 2019 for reservoir pressure maintenance in their Kariman Field. They believe that 2019 is a good time period to complete construction of their Central Processing Facility (CPF) which remains an important element of their long-term field development plan.
The exploration drilling of Kariman 16 (K-16) well has been safely and successfully completed. The well is currently undergoing analyses to evaluate its degree of productivity and to quantify the contribution to reserves. Preliminary evaluations are encouraging. In addition, exploration drilling of the Kariman 15 (K-15) well is progressing as planned. K-15 is deemed to have a high chance of success considering that it is relatively close in proximity to the current Kariman Field mining allotment area. For 2019, one exploration well is scheduled, in the Yessen Field. As the current Exploration License would expire in January 2020, work efforts to seek prolongation of the license are underway.
Since assuming operatorship of the Emir Oil asset in May 2017, they have continued to improve the asset performance significantly with limited funding. With improved oil price scenario, the year 2019 looks favourable to secure needed funding to retire financial obligations and pursue a more aggressive development program, consisting of new development wells to increase production and revenue.
--------------------------------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.57 (dividend RM0.015) in 11 months 4 days, total return is 121.7%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.49 in 6 months 30 days, total return is 86.3%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.40 (dividend RM0.04) in 1 year 15 days, total return is 81.1%
d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.63 (dividend RM0.1875) in 9 months 2 days, total return is 49.1%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.36 (dividend RM0.008) in 6 months 23 days, total return is 41.8%
f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.44 in 1 month 16 days, total return is 38.5%
g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.795 in 5 months 26 days, total return is 38.3%
h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.67 (dividend RM0.035) in 7 months 28 days, total return is 34.3%
i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.81 (dividends RM0.063) in 9 months 9 days, total return is 17.8%
j) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.60 (dividends RM0.04) in 9 months 16 days, total return is 14.7%
k) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.975 in 6 months 16 days, total return is 14.7%
l) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.17 in 5 months 26 days, total return is 12.5%
m) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.19 (dividends RM0.084) in 11 months 17 days, total return is 7.9%
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/
In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://web.facebook.com/jamesshareinvest/posts/2325332794400128 by date.
James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/
James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp
Facebook Group: https://www.facebook.com/groups/jamesinvesting
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
https://klse.i3investor.com/blogs/general/215698.jsp
