$REACH / 5256 (REACH ENERGY BERHAD)
Chapter 2 : Why Reach likely to become next $HIBISCS / 5199 (HIBISCUS PETROLEUM BERHAD) and unlike to become $SUMATEC / 1201 (SUMATEC RESOURCES BERHAD)
1) Hibiscus and Reach own concession while Sumatec was in joint operation.
2) Reach survived good and bad time of oil price volatility. They dont stop making production while sumatec halt operation due to lower oil price
3) Kazakhstan is 12 biggest oil reserve in all countries aktau is one of biggest reserve hold in kazakhstan region.
4)Shareholder have high interest in concession