【REACH 5256 交流专区】Reach能源

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")PROPOSED ACQUISITION BY REACH ENERGY VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF REACH ENERGY OF 60% EQUITY INTEREST IN PALAEONTOL B.V., A WHOLLY-OWNED SUBSIDIARY OF PALAEONTOL COOPERATIEF U.A. WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MIE HOLDINGS CORPORATION ("MIEH") AND 60% OF THE SHAREHOLDER LOANS FROM MIEH FOR A TOTAL CASH CONSIDERATION OF USD154,889,000, SUBJECT TO ADJUSTMENTS ("PROPOSED ACQUISITION")
We refer to the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 24 May 2016, 20 June 2016, 4 July 2016, 19 July 2016 and 24 August 2016 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements. On behalf of the Board, HLIB and Maybank IB wish to announce that Reach Energy, had on 5 September 2016, entered into an agreement with MIEH and Palaeontol COOP to extend the Longstop Date to 10 November 2016 (“Extended Longstop Date”) as well as amend certain terms of the SPA (“SPA Amendment No. 1”), namely the date of the hydrocarbon extraction contract for the Emir Field between the Republic of Kazakhstan and Emir-Oil due to a typographical error in the SPA and the definition of the Completion Payment to ensure consistency with BNM’s new method of determining the spot exchange rate between RM and USD. The extension of the Longstop Date is subject to the following: (i) MIEH shall be entitled to terminate the SPA by written notice to Reach Energy in the event that it is not satisfied with the progress of the issuance of the Company’s circular to its shareholders for approval of the Proposed Acquisition (“Circular”) or if MIEH is not satisfied with the progress towards the convening of the Company's EGM for approval of the Proposed Acquisition; (ii) MIEH shall not be entitled to terminate the SPA prior to 1 October 2016; and (iii) MIEH shall not be entitled to terminate the SPA after 7 October 2016. In consideration of MIEH and Reach Energy agreeing to the extension of the Longstop Date, the following is agreed: (i) Reach Energy shall pay to MIEH a sum of USD1.5 million (“Agreed Sum”) no later than 5.00 pm (Hong Kong) time on 7 September 2016; (ii) upon MIEH’s receipt of the Agreed Sum, MIEH shall immediately deliver the Bank Guarantee to Reach Energy or to such other person directed by Reach Energy; (iii) in the event the Agreed Sum is not received by MIEH by 5.00 pm (Hong Kong) time on 7 September 2016, MIEH shall be entitled to immediately call on the Bank Guarantee; (iv) at Completion, the Adjusted Purchase Consideration shall be reduced by the Agreed Sum (or the amount of the Bank Guarantee if the Agreed Sum is not received by MIEH). For the avoidance of doubt, the Agreed Sum (or the amount of the Bank Guarantee if the Agreed Sum is not received by MIEH) shall be deducted from the portion of the Adjusted Purchase Consideration payable by Reach Energy on the Completion Date; (v) in the event that the condition set out in the SPA in relation to the approval of the Proposed Acquisition by shareholders of Reach Energy at an EGM to be convened remains unfulfilled after the Extended Longstop Date, any party may terminate the SPA by providing written notice to the other parties provided always that no further Break Fee shall be payable by Reach Energy; and (vi) where Reach Energy has duly paid the Agreed Sum (or MIEH has called on the Bank Guarantee) but Completion does not occur, MIEH shall be entitled to keep the Agreed Sum or amount called under the Bank Guarantee (as the case may be). For clarity, under the terms of the SPA, in the event one party has failed to satisfy all or any of the Conditions Precedent which such party is responsible to satisfy by the Longstop Date, then such party shall pay to the other party the Break Fee provided that the other Party has satisfied the Conditions Precedent which the other Party is responsible to satisfy by the Longstop Date. Hence, the Agreed Sum to be paid to MIEH, is a payment in lieu of the call on the Bank Guarantee which MIEH is entitled to do by the Longstop Date. The Agreed Sum is not an additional payment for the Proposed Acquisition as under the agreed terms of the SPA Amendment No. 1, the Agreed Sum shall be deducted from the portion of the Adjusted Purchase Consideration payable by Reach Energy at the Completion Date. The SPA Amendment No.1 will be available for inspection at the registered office of the Company at Level 8, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 5 September 2016.

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收购合格资产和配售新股
Reach能源冀股东放行

2016年10月4日

报道：伍咏敏

（吉隆坡3日讯）获大马证券监督委员会批准收购合格资产（QA）及配售新股计划后，Reach能源（REACH，5256，主板特殊收购股）放眼未来2月内举行股东特别大会，冀望股东投赞成票。

该公司董事经理兼总执行长沙胡哈密指出，获证监会批准后，正积极准备相关文件，预计本月向股东发出通告，并在通告发出后21天内举行特大。

他接受《南洋商报》专访时说，只要获得相等于75%股权股东通过，就能完成于上月25日获得证券会批准，收购哈萨克油气田Palaeontol B.V.60%股权以及配售新股的计划。

探讨派息政策

沙胡哈密说：“若该项交易议案通过，完成交易后，我们将成为在大马交易所内，首个已开始产油的纯勘探和开采油气公司。”

他认为，纯勘探和开采汽油业者是高价值股，符合长期投资目标。相信Reach能源成功收购资产后，有资本增值空间，且未来几年内，也肯定会探讨派息政策。

因此，他促公司股东支持上述收购议案，不应将Reach能源视为短线买卖的股项。

今年3月，Reach能源建议以1亿5490万美元（约6亿3820万令吉），收购Palaeontol的 60%股权。

Reach能源是马股内第4家特殊收购公司（SPAC），前年8月上市马交所主板。也是我国至今5家成功上市的SPAC中，筹资规模最大的公司，共筹获7亿5000万令吉。

不过，最近Sona石油（SONA，5241，主板特殊收购股）和CLIQ能源（CLIQ，5234，主板特殊收购股）收购合格资产未能获得股东同意，被迫清盘程序并退回现金。

看好Palaeontol前景

沙胡哈密指出，Palaeontol大股东不是因为资产败坏而售股，而是为了获得更多流动现金，意味着仍看好该投资项目。

他说：“Palaeontol机构原本是香港上市公司MIE控股的独资子公司。但MIE控股没有把股权全部脱售，将保留剩余股权。”

他还指出，MIE控股也是经验丰富的油气公司，保留部分股权继续为Reach能源“护航”，对于像Reach能源这般新业者来说，好过单打独斗。

沙胡哈密解释，所收购的油田是相对新的生产中油田，仍有很大蕴藏量，且有长达20年的特许经营权，前景亮眼。

他还说，该油田属于内陆油田，生产成本低，每桶介于15至20美元。加上附近的基本设施健全，距离城市仅40公里，对于像Reach能源这种新公司来说非常理想。

“这样的油田营运成本，将比岸外油田的营运成本更低。”

此外，哈萨克国家稳定，法律健全且利商。

沙胡哈密说：“大马人入境不用签证，对经商等非常方便。不只是我们，未来还有机会扩大两国之间的贸易活动。”

他也冀望，该公司成功收购合格资产后，马交所会陆续吸引更多纯勘探和开采油气股上市，及长期投资者。

拟引进英美采油营运技术

展望完成收购计划后，沙胡哈密说，计划引进他和该公司管理层擅长的英美式采油和营运技术，提高该油田的产量和效率。

他透露，目前该油田每天最高产量可达6500桶，2019年完成输油管等增建后，产量可以提高1倍到每天达1万2000桶。

不过，基于目前油价水平低迷，产量维持在每天3000至4000桶左右。

Reach能源团队拥有平均30年油气领域的经验，特别是在亚太地区，并涵盖整个油气价值链的上游业务。

针对营运开销和资本开销，他说，合作伙伴一直都把成本管理得很好，Reach能源团队加入后，会更关注提高成本效益。

且他指出，该油田在过去4年已经投入达2亿5000万美元（约10.26亿令吉）的资本开销，设备已相当齐全，Reach能源接手后，只需要再增数个油井。

而内陆油井开发相对便宜，沙胡哈密预计可由营业额所抵销，且该公司还有举债的空间。

低油价现买入好时机

询及目前油价低，是否是投资的好时机？沙胡哈密说：“我们3月洽购这个油田时，油价处于非常低的水平，你不可能找到更适合买入的时机了！”

他指出，该公司当时是以非常保守的价值来评估该项投资，目前油价已触底，并反弹到每桶40美元以上。

他预计，明年油价将上扬到每桶50美元，扭转局势后，2020年开始达到每桶80至90美元。

另外，由于油价暴跌，勘探活动的资本开销也跟着萎缩，他说，数据显示目前是70年来，首次全球原油蕴藏量的补充仅等于消耗量的10%。

为了确保原油供应充足，一般必须以1比1的比例发掘原油蕴藏。

他解释，这意味着补充不及消耗量，未来3年就会对油价有影响，威胁到未来原油供应。

另外，沙胡哈密还说，本身在油气领域打滚数十年，经历了4至5个原油周期，有信心Palaeontol长达20年的特许经营期，有足够时间等到上扬周期。

他说：“我们确定有油田蕴藏，加上生产设备等到位，更重要的是在对的时机开采。”【e南洋】

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传MTD资本增持9.42%
撑Reach能源收购油气田

2016年10月22日
（八打灵再也21日讯）Reach能源（REACH，5256，主板特殊收购股）昨日一笔9.42%股权或118万股，以76仙易手，距离获得股东批准收购合格资产（QA）哈萨克斯坦油气田更进一步。

《星报》引述消息人士，卖方是Reach能源的短线投资者PAG控股。而收购该笔股权的是MTD资本（MTD，9032，主板贸服股）。

MTD资本于2014年8月成为Reach资源基石投资者，并持有1.72％股权。

溢价5仙

Reach能源这次每股76仙交易价，高于市价近5仙，截至昨日闭市，该股报71.5仙。

76仙的交易价也等于该股目前的现金值；若无法在3年的限期内购得资产，需把该笔资金退换给股东。

Reach能源若要成功收购哈萨克斯坦油气田，必须获得75%的股东同意。

报道指出，MTD资本相信对于该项收购计划支持。

同时其他股东如朝圣基金局（Lembaga Tabung Haji），持股8%、MKW Jaya私人有限公司，持股2.62%，及SMB资源有限公司，据悉也将投下支持票。

Reach能源股东将于11月4日投票。【e南洋】

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Notice of Person Ceasing (29C)

REACH ENERGY BERHAD

Particulars of Substantial Securities Holder

Name	PACIFIC ALLIANCE ASIA OPPORTUNITY FUND L.P.
Address	PO Box 472, 2nd Floor, Harbour Place, 103 South Church Street George Town KY1-1106 Grand Cayman Cayman Islands.
Company No.	17447
Nationality/Country of incorporation	Cayman Islands
Descriptions (Class & nominal value)	Ordinary shares of RM0.01 each
Date of cessation	20 Oct 2016
Name & address of registered holder	HSBC Nominees (Asing) Sdn Bhd - Exempt AN for Credit Suisse Securities (Europe) Limited (CLT AC N-Treaty) (for Pacific Alliance Asia Opportunity Fund L.P.)No. 2 Leboh Ampang51000 Kuala Lumpur

Currency
No of securities disposed	76,615,100
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest	Disposal of shares by HSBC Nominees (Asing) Sdn Bhd - Exempt AN for Credit Suisse Securities (Europe) Limited (CLT AC N-Treaty) (for Pacific Alliance Asia Opportunity Fund L.P.) in the open market
Nature of interest	Direct Interest
Date of notice	24 Oct 2016

Notice of Person Ceasing (29C)

REACH ENERGY BERHAD

Particulars of Substantial Securities Holder

Name	PACIFIC ALLIANCE GROUP LIMITED
Address	PO Box 472, 2nd Floor, Harbour Place, 103 South Church Street George Town KY1-1106 Grand Cayman Cayman Islands.
Company No.	194098
Nationality/Country of incorporation	Cayman Islands
Descriptions (Class & nominal value)	Ordinary shares of RM0.01 each
Date of cessation	20 Oct 2016
Name & address of registered holder	HSBC Nominees (Asing) Sdn Bhd - Exempt AN for Credit Suisse Securities (Europe) Limited (CLT AC N-Treaty) (for Pacific Alliance Asia Opportunity Fund L.P.)No. 2 Leboh Ampang51000 Kuala LumpurHSBC Nominees (Asing) Sdn Bhd - Exempt AN for Credit Suisse Securities (Europe) Limited (CLT AC N-Treaty) (for PAG-P Asia Fund L.P.)No. 2 Leboh Ampang51000 Kuala LumpurDB (Malaysia) Nominee (Asing) Sdn Bhd - Exempt AN for Deutsche Bank AG London (Prime Brokerage) (for PAG Asia Alpha L.P.)18th Floor, Menara IMC8, Jalan Sultan Ismail50250 Kuala Lumpur

Currency
No of securities disposed	117,869,300
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest	Disposal of shares by HSBC Nominees (Asing) Sdn Bhd - Exempt AN for Credit Suisse Securities (Europe) Limited (CLT AC N-Treaty) (for Pacific Alliance Asia Opportunity Fund L.P.), HSBC Nominees (Asing) Sdn Bhd - Exempt AN for Credit Suisse Securities (Europe) Limited (CLT AC N-Treaty) (for PAG-P Asia Fund L.P.) and DB (Malaysia) Nominee (Asing) Sdn Bhd - Exempt AN for Deutsche Bank AG London (Prime Brokerage) (for PAG Asia Alpha L.P.) in the open market
Nature of interest	Deemed Interest
Date of notice	24 Oct 2016

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Notice of Interest Sub. S-hldr (29A)

REACH ENERGY BERHAD

Particulars of Substantial Securities Holder

Name	MTD CAPITAL BHD
Address	1 Jalan Batu Caves Batu Caves 68100 Selangor Malaysia.
Company No.	256187-T
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.01 each
Name & address of registered holder	MTD Capital Bhd1 Jalan Batu Caves68100 Batu CavesSelangor

Date interest acquired & no of securities acquired
Currency
Date interest acquired	20 Oct 2016
No of securities	117,869,300
Circumstances by reason of which Securities Holder has interest	Acquisition of shares in the open market
Nature of interest	Direct Interest
Price Transacted ($$)
Total no of securities after change
Direct (units)	149,245,700
Direct (%)	11.68
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	25 Oct 2016

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")PROPOSED ACQUISITION BY REACH ENERGY VENTURES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF REACH ENERGY OF 60% EQUITY INTEREST IN PALAEONTOL B.V., A WHOLLY-OWNED SUBSIDIARY OF PALAEONTOL COOPERATIEF U.A. WHICH IN TURN IS AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MIE HOLDINGS CORPORATION ("MIEH") AND 60% OF THE SHAREHOLDER LOANS FROM MIEH FOR A TOTAL CASH CONSIDERATION OF USD154,889,000, SUBJECT TO ADJUSTMENTS ("PROPOSED ACQUISITION")
We refer to the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 24 May 2016, 16 June 2016, 20 June 2016, 4 July 2016, 19 July 2016, 24 August 2016, 5 September 2016, 7 October 2016 and 12 October 2016 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Announcements. On behalf of the Board, HLIB and Maybank IB wish to announce that the Company has been notified by MIEH that MIEH has on 28 October 2016 released an announcement on HKEX in relation to, inter-alia, the completion of the drilling of two exploration wells, Dolinnoe-8 and Yessen-3, in third (3rd) quarter of 2016 in compliance with the requirements under the Exploration Contract. Based on the well logging data, Dolinnoe-8 and Yessen-3 indicating O&G shows thickness of 104.0 m and 108.8 m, respectively. Such thickness refers to the thickness of rock with O&G shows indicated from the well logging data. Emir-Oil will carry out further testing on these two wells including production flow in fourth (4th) quarter of 2016. Please refer to the attached file for a copy of the announcement dated 28 October 2016 released by MIEH. This announcement is dated 31 October 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5246417

Attachments MIEH Announcement dated 28 Oct 2016.pdf

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估值偏低．具现金潜能．REACH购资产料亮绿灯

（吉隆坡1日讯）REACH能源（REACH，5256，主板特别并购）建议收购的合格资产（QA）具估值偏低及可即时带来现金潜能的吸引力，分析员看好可获股东批准，给予“短线买进”及89仙目标价。

该特别并购公司将在2016年11月4日举办特大寻求股东通过收购哈萨克斯坦Emir油气田计划，若无法通过，需在2017年8月15日前建议另一项合格资产收购计划。

肯纳格研究认为，每百万桶油当量（mmboe）2.9美元的低收购价、已投产油田带来的即时现金及潜在进一步释放价值措施，料可吸引股东投赞同票。

“相信REACH能源收购合格资产后，将是油价波动期间的理想投资选择，即使无法在2017年8月完成合格资产收购计划，依然可获每股75仙现金值支撑。”

REACH能源建议以1亿5490万美元（约6亿5000万令吉）收购Palaeontol的60%股权，肯纳格研究估计，这相等于每百万桶油当量2.9美元交易价，在低油价时期购得2P蕴藏量属合理低价。

近期同类型收购的交易价介于每百万桶油当量3.07至7.58美元。

Emir油气田蕴藏89.4百万桶油当量的油气，拥有4个轻原油投产油田、2个试产油田及6个可钻井资产。

根据独立评估报告，该油田每天生产3300桶油及5.7MMSCFD（标准日产百万立方尺）气体，预计2021年潜在最高产能可每日达2万桶油。

肯纳格研究指出，2P的37%蕴藏量份区分为已开发投产及未投产储备，这意味该公司仅需额外激活现有油井，无需进一步开发这些储备。

为改善内部收益率（IRR），REACH能源打算采取数项措施改善销售、产能及降低成本，料改善现有IRR，从18.7%增至22.9%。

肯纳格研究预计，未来3年发展此油田料需要1700万至2200万美元（约7129万至9226万令吉）资本开销，若油价还企于当前水平，REACH能源可能需要通过计划/承包融资这笔开销。

或配售新股筹1.8亿

一旦获得至少75%股东通过合格资产收购计划，该公司可配售新股筹措最高1亿8000万令吉资金，用于回购异议股权填补信托户头基金，以完成交易。

筹措所得用途将视异议股东比例而定，主要用于解决剩余收购款额及2016年资本开销。

文章来源：
星洲日报‧财经‧报道：郭晓芳‧2016.11.01

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特大展延　Reach能源收购案遇阻

财经  2016年11月04日 | 记者：张欣豪
（吉隆坡4日讯）在股东特大前，清除了一个又一个绊脚石的Reach能源（REACH，5256，主板特殊用途公司），今天仍然躲不过被股东要求展延，无法顺利通过收购资產议案的命运。

Reach能源收购哈萨克斯坦油气公司Paleonthol的建议，今天在大部份出席会议的股东同意下，宣布展延至30天內再度召开。这意味著，Reach能源能否成为继大红花石油（HIBISCS，5199，主板工业股）后，第2家顺利「毕业」的SPAC公司，仍有变数。

今年3月份，索纳石油（SONA，5241）同样出现股东特大半途展延的情况，而最终无法获得足够支持率完成收购，被迫清盘下市。

Reach能源董事经理沙胡哈密在决定展延股东特大后，会见记者表示，股东认为还需要更多时间考虑是否对这项收购亮绿灯，因此建议公司展延，並在30天內再次召开股东特大，届时再进行投票。

「我们会爭取在下周四（10日）前继续这场股东特大，届时將会有正式结果。基本上，股东对本次收购资產的看法正面。」

Reach能源是在今年3月7日宣布，以约6亿零578万令吉，向MI能源控股有限公司（简称MIE，1555，香港交易所）买下PALAEONTOL公司的60%股权，及承担后者拖欠MIE高达约11亿2825万令吉的债务。

根据双方的协议，Reach能源必须在今年11月10日之前取得股东同意，才能完成收购。这也是管理层希望在下週四前完成投票的原因。

一名出席股东特大的黄姓小股东向《东方財经》透露，一批持有高达2亿股的股东委託大会主席，意图投下反对票，估计是本次股东特大半途喊停的主因。

「大部份股东都希望能立刻获得资本回退。所以有人提出延后股东特大，大家没有反对。」

Reach能源必须在股东特大上获得75%（不包括管理层和初始投资者）以上的支持率，才能通过收购案。一旦议案成功通过，投下反对票的股东，手中股票將被强制回购，价格估计为76仙。

无论如何，沙胡哈密否认这个说法，强调股东只需要更多时间了解他们欲收购的油田资產。

一旦Reach能源无法在明年8月14日前收购合格资產，將被迫清盘下市，凭单將因无法转换而成为废纸。【东方网财经】

icy97

REACH能源特大意外

2016年11月7日
前一期我们谈到REACH能源，以为其管理层和友好伙伴合力之下，应该可以渡过特大的难关，实际情况并不如是。

虽然会议定在周五的3点半，特别不讨好（因为接近放工时间，算票下来可能要超过7点）；但是，关心这次大会的小股东依然踊跃赴会。

由于在当天下午3时，REACH能源再有宣布场外交易达5000万股，每股76仙，因此，我们觉得大体上大局已定。

但是，“球是圆的”这个道理千古不变，奇迹随时可能发生。

会议进行到问答环节时，有股东询问委托主席的代表（PROXY）投票情形。大会主席大方念出结果，原来有154名代表投反对票；72名投赞成票；而以票数来算，更是2.08亿反对票对5635万赞成票，先输了好长的一个马鼻！

虽然总执行长强调，还有出席的股东和代表未投票，鹿死谁手尚未可知，不过，许多小股东纷纷表示担忧，希望把会议展延，让大家冷静思考一下再行动。

于是主席建议休会15分钟。之后会议继续，情况急转而下，在股东提议之下，将会议展延至下一个适当日期。

前车之鉴不应有误

我们很不明白，有了CLIQ能源和SONA石油前车之鉴，REACH能源不应该重蹈前人所犯下的错误，但是，结果还是出乎意料之外。

先别说半数股东未达标，连反对票数的力量如此之大也不能预算，管理层行动未免过于草率。

按2.08亿票，已经占总投票额的21%，剩下的7.5亿股（扣掉0.5亿赞成票），至少要有7亿股倒向管理层，才有胜算。

再说股东数额，我看出席诸君都是为反对而来，在主席代表都大输82票之下，要反超谈何容易？

管理层马失前蹄

管理层借MTD资本之力，扫除两大基金（太平洋投资和瑞士信贷）障碍，何以这么大意，在最后关头面临惨败的情况？

我们猜想，可能是“笼里鸡造反”。

要得到这么大的反对票数，纵观之下，除了朝圣基金局的1.02亿股，再无他人。

朝圣基金局近来投资不尽得意，因此可能改变初衷，选择退出，至少可以得个正面回酬好交待。

问题是，当初它为何做了基石投资者？如果是为了这笔退场保证，那么，以后的公司寻找合作友好伙伴，可要对它退避三舍。

筹划下一个特大

无论如何，人心难测，我们无法得知背后搅局者是不是他，只不过，这不是重点。

重点是，REACH能源知道适者生存，留下来的才是强者，弱者会被淘汰，于是当机立断，展延会议，争取到了时间（不管是30天内开会还是如稍后的文告所言，希望在11月10日之前开会），筹划下一个特大。

还不是钱作祟

我想，MTD资本花了这么大的财力来促成这个特大，如果功败垂成，岂不可惜？他们会尽最后一份力量来完成它吧。说穿了，这全是钱的力量。谁的含金量高，成果就倒向谁。

扣除朝圣基金局的1.02亿股，MTD资本还有约3.4亿股，唯有把对手的股票吸纳过来，才有机会反败为胜。

之前MTD资本拨出了约1.6亿令吉，如今他（或友好伙伴）还可能要再拿出1亿令吉，才能控制局面。至于股东人数，经此特大，须要多少股东赞成才能过关，相信管理层已经心里有数了。

再投一次票，如果输了，尽了人事，也只好认命！【e南洋】

icy97

Reach能源16日开特大

2016年11月9日
（吉隆坡8日讯）为了寻求股东批准收购合格资产（QA），Reach能源（REACH，5256，主板特殊收购股）股东特别大会展延至本月16日早上10时。

该公司特大会的目的是通过以1亿5490万美元（约6亿3820万令吉），收购持有哈萨克油气田的Palaeontol B.V.的60%股权。

该公司昨日向马交所报备，与收购的卖方讨论之后，决定了最新特大的日期。

同时，特大地点将会在吉隆坡森那美会议中心（Sime Darby Convention Centre）。

而且，该公司与MIE控股，及Palaeontol 机构根据与各方买卖协议的有效期，达成协议，把买卖协议最终截止日期展延至本月17日。

Palaeontol B.V旗下的Emir Oil LLP持有哈萨克的岸上承包油气田。

配售新股筹1.8亿

Palaeontol B.V是Palaeontol 机构旗下的公司，也是MIE控股的间接子公司。

上周五，Reach能源股东表决，要求展延特别股东大会至未来的30天内，以争取更多时间探讨该项活动。

此外，该公司的特大也会讨论配售新股计划，以筹集1亿8000万令吉。【e南洋】

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")ADJOURNED EGM IN RELATION TO THE FOLLOWING:(I)        PROPOSED ACQUISITION; AND(II)        PROPOSED PLACEMENT(COLLECTIVELY REFERRED TO AS "PROPOSALS")
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 23 May 2016, 24 May 2016, 26 May 2016, 20 June 2016, 4 July 2016, 19 July 2016, 24 August 2016, 5 September 2016, 21 September 2016, 7 October 2016, 12 October 2016, 27 October 2016 and 4 November 2016 in relation to the Proposals). On behalf of the Board, HLIB and Maybank IB wish to announce that Reach Energy had on 7 November 2016, entered into an agreement with MIEH and Palaeontol COOP to extend the Longstop Date to 17 November 2016 (“SPA Amendment No. 3”). Except as varied by the terms of the SPA Amendment No. 3, the SPA, the SPA Amendment No. 1 (as amended by SPA Amendment No. 2) and the Waiver Letter will remain in full force and effect. Following the extension of the Longstop Date, on behalf of the Board, HLIB and Maybank IB wish to announce that the Company will hold the adjourned EGM in relation to the Proposals (“Adjourned EGM”) at Ballroom 1, Sime Darby Convention Centre, 1A, Jalan Bukit Kiara 1, 60000 Kuala Lumpur on Wednesday, 16 November 2016 at 11.00 a.m.. The purpose of the Adjourned EGM shall be to carry on the business of the initial EGM held on 4 November 2016, namely for the purpose of considering and, if thought fit, passing with or without modifications, the special resolution in relation to the Proposed Acquisition and the ordinary resolution in relation to the Proposed Placement as set out in the Notice of EGM dated 13 October 2016. Shareholders who wish to vote on the Proposals shall do so either in person or by proxy or attorney or a duly authorised representative at the forthcoming Adjourned EGM. Only shareholders whose names appear in the Record of Depositors as at 28 October 2016 shall be eligible to attend and to speak and vote at the Adjourned EGM as this enables the same shareholders who were eligible to attend and to speak and vote at the initial EGM held on 4 November 2016, to vote on the Proposals at the Adjourned EGM. If you have already lodged the completed and signed Form of Proxy prior to the initial EGM on 4 November 2016, it shall remain valid and you do not need to take any subsequent action. However, if you have not done so or wish to change your earlier submitted Form of Proxy, you must complete, sign and deposit the Form of Proxy in accordance with the instructions contained therein, at Symphony Share Registrars Sdn Bhd’s office at Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan by Monday, 14 November 2016 at 11.00 a.m. being not less than 48 hours before the time set for the Adjourned EGM. The lodging of the Form of Proxy will not preclude you from attending and voting in person at the Adjourned EGM should you subsequently decide to do so.   You are advised to refer to the instructions and requirements set out in Sections 17 and 18 of the Circular in relation to voting for the Proposed Acquisition and the qualifying acquisition share repurchase procedures.   If you have lost, misplaced or for any other reason require another copy of the Circular and/or the Form of Proxy and/or the Request Form for the qualifying acquisition share repurchase, you may obtain a copy of the same from one of the following: (i) the Company at the following address: D3-5-8, Block D3, Solaris Dutamas, No. 1, Jalan Dutamas 1, 50480 Kuala Lumpur Telephone No.: +603-6412 3000 Facsimile No.: +603 6412 8005 website: www.reachenergy.com.my; or (ii) Bursa Securities’ website at www.bursamalaysia.com. The SPA Amendment No.3 will be available for inspection at the registered office of the Company at Level 8, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 7 November 2016.

icy97

10月28前持Reach股东
方可参与特大投票及回购

2016年11月11日
（吉隆坡10日讯）Reach能源（REACH，5256，主板特殊收购股）宣布，只有名字出现在10月28日或之前记录的股东，才有权利在来临股东特别大会投票，以及参与合格资产（QA）的股票回购活动。

根据文告，若股东在10月28日之后，还有再增购股票，该额外的股份将没有权利参与QA的股票回购活动。

同样地，在10月28日后才入手Reach能源股权的股东，也没有办法出席特大、投票及发表意见。

特大展延至16日

该公司是在周二宣布，将特大展延至下周三（16日）。

而举办特大的目的是寻求股批准，以1亿5490万美元（约6亿3820万令吉），收购持有哈萨克油气田的Palaeontol B.V.60%股权。 【e南洋】

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")ADJOURNED EGM IN RELATION TO THE FOLLOWING:(I)        PROPOSED ACQUISITION; AND(II)        PROPOSED PLACEMENT(COLLECTIVELY REFERRED TO AS "PROPOSALS")
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 23 May 2016, 24 May 2016, 26 May 2016, 20 June 2016, 4 July 2016, 19 July 2016, 24 August 2016, 5 September 2016, 21 September 2016, 7 October 2016, 12 October 2016, 27 October 2016, 4 November 2016 and 7 November 2016 in relation to the Proposals). On behalf of the Company, HLIB and Maybank IB wish to announce the following information to provide further clarity on the eligibility of shareholders who wish to attend and to speak and vote at the Adjourned EGM and to participate in the qualifying acquisition (“QA”) share repurchase: (i)         as disclosed in Sections 17 and 18 of the Circular as well as the Request Form for the QA share repurchase, only shareholders whose names appear in the Record of Depositors as at 28 October 2016 (“Record Date”) will be entitled to the QA share repurchase. For illustration purposes, if the shareholder already owns 1,000 Reach Energy Shares as at the Record Date, the said shareholder is eligible to attend and to speak and vote at the Adjourned EGM. However, only the 1,000 Reach Energy Shares the shareholder holds will be entitled to the QA share repurchase if the said shareholder has voted against the Proposed Acquisition at the Adjourned EGM. In addition, if the said shareholder has acquired additional Reach Energy Shares subsequent to the Record Date, the additional Reach Energy Shares acquired will not be entitled to the QA share repurchase. The QA share repurchase will only be undertaken by Reach Energy if the Proposed Acquisition is approved at the Adjourned EGM. (ii)         if the name of the shareholders does not appear in the Record of Depositors as at the Record Date and they have acquired Reach Energy Shares after 28 October 2016 up to 16 November 2016 (“Said Period”) these shareholders will not be entitled to attend and to speak and vote at the Adjourned EGM and will also not eligible to request the Company to repurchase the Reach Energy Shares acquired during the Said Period. Shareholders of the Company are advised to refer to the instructions and requirements set out in Sections 17 and 18 of the Circular in relation to voting for the Proposed Acquisition and the QA share repurchase procedures as well as the Request Form for the QA share repurchase.   This announcement is dated 9 November 2016.

icy97

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")(I)        PROPOSED ACQUISITION; AND(II)        PROPOSED PLACEMENT(ITEMS (I) AND (II) COLLECTIVELY REFERRED TO AS "PROPOSALS")
We wish to announce that Reach Energy has today released a press release in relation to the Proposals. Please refer to the attached press release for further details. This announcement is dated 16 November 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5260729

Attachments Reach Energy - EGM Press Release 16112016.pdf

icy97

Reach能源准购油气田
预计半年转主板

2016年11月17日
（吉隆坡16日讯）扰攘了2年多以后，Reach能源（REACH，5256，主板特殊收购股）终于获得股东放行收购哈萨克斯坦（Kazakhstan）油气田股权，并预计在6个月内“毕业”升上主板交易。

在今日召开的特别股东大会上，Reach能源总共获得7亿9094万8545股，或81.07%的赞成票，同意收购哈萨克斯坦油气田的60%股权。

而反对票数占了18.93%或1亿8468万6400股。

董事经理兼总执行长沙胡哈密在会后高兴的指出，收购计划预料会在本月内完成，截至在6个月内转到主板交易。

他披露，截至今年6月杪第三季，哈萨克斯坦油气田的营业额，达到6亿5941万8000人民币（约4亿1785万2802令吉）。

看好油市前景

“相信是该资产拥有巨大的价值，才使得股东对此有信心。”

询及油市前景的看法，沙胡哈密认为，前景相当正面。

“尽管市场面临许多不确定因素，加上近期的美国选举，但这些都是暂时的，毕竟油价正逐渐回稳。”

“目前，油市的需求处于上升的趋势。供应方面已经放缓了2年多，相信需求与供应之间，正往一个平衡点的方向前进。”

美元走强有利

沙胡哈密补充，Reach能源的营业额是以美元计算，以现在美元走强的情况来看，对公司来说是正面的。

他也指出，该油气田是岸内开采，因此成本没有岸外高。

“倘若油价没有持续下跌，我们有信心公司还是可以取得收支平衡。目前的成本水平处于舒适的状态。”

Reach能源是马股内第4家特殊收购公司，前年8月上市马交所主板，也是我国至今5家成功上市的SPAC中筹资规模最大的公司，共筹获7亿5000万令吉。

今年3月，Reach能源建议以1亿5490万美元（约6亿3820万令吉），收购哈萨克斯坦油气田Palaeontol B.V.的60%股权。

不过，原于本月4日（周5）的特大遭到展延，原因是股东需要多些时日探讨有关收购。

如今，Reach能源终于获得股东放行收购该股权，意味着该公司继大红花石油（HIBISCS，5199，主板工业产品股）后，成为国内第二家从特殊收购公司“毕业”并升上主板的公司。【e南洋】

icy97

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")(I)        PROPOSED ACQUISITION; AND(II)        PROPOSED PLACEMENT(COLLECTIVELY REFERRED TO AS "PROPOSALS")
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 23 May 2016, 24 May 2016, 26 May 2016, 20 June 2016, 4 July 2016, 19 July 2016, 24 August 2016, 5 September 2016, 21 September 2016, 7 October 2016, 12 October 2016, 27 October 2016, 4 November 2016, 7 November 2016, 9 November 2016 and 16 November 2016  in relation to the Proposals).   On behalf of the Board, HLIB and Maybank IB wish to announce that the Proposed Acquisition has been completed on 25 November 2016 and the Adjusted Purchase Consideration was mutually agreed by the parties to be USD175,856,539, subject to Final Reconciliation (as defined in the SPA). The payment of the consideration of RM0.76351 per Reach Energy Share to the entitled shareholders of Reach Energy who had submitted the Request Form for the qualifying acquisition share repurchase (“Dissenting Shares”) was made today.   Following the satisfaction of the consideration for the qualifying acquisition share repurchase, the 180,810,650 Dissenting Shares will be cancelled and the issued and paid-up capital of Reach Energy will reduce to RM10,970,117.75 comprising of 1,097,011,775 Reach Energy Shares. This announcement is dated 25 November 2016.

icy97

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	REACH ENERGY BERHAD ("REACH ENERGY" OR "COMPANY")(I)        PROPOSED ACQUISITION; AND(II)        PROPOSED PLACEMENT(COLLECTIVELY REFERRED TO AS "PROPOSALS")
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 23 May 2016, 24 May 2016, 26 May 2016, 20 June 2016, 4 July 2016, 19 July 2016, 24 August 2016, 5 September 2016, 21 September 2016, 7 October 2016, 12 October 2016, 27 October 2016, 4 November 2016, 7 November 2016, 9 November 2016, 16 November 2016 and 25 November 2016 in relation to the Proposals).   We refer to the Company’s announcement on 25 November 2016 in relation to the total amount of Dissenting Shares to be cancelled. On behalf of the Board, HLIB and Maybank IB wish to announce that an additional 599,000 Dissenting Shares did not form part of the qualifying acquisition share repurchase due to a technical error in the registration for one shareholder during the Adjourned EGM. Nevertheless, as the Request Form for the said Reach Energy Shares was already submitted prior to the Company’s Adjourned EGM, payment of RM0.76351 per Reach Energy Share for the additional 599,000 Dissenting Shares was made today. Notwithstanding the exclusion of the 599,000 Reach Energy Shares in the qualifying acquisition share repurchase, the results of the Adjourned EGM announced on 16 November 2016 remain unchanged. Following the satisfaction of the consideration for the additional Dissenting Shares, the revised total Dissenting Shares which has been repurchased amounts to 181,409,650. As such, 181,409,650 Dissenting Shares will be cancelled and the issued and paid-up capital of Reach Energy will reduce to RM10,964,127.75 comprising of 1,096,412,775 Reach Energy Shares. This announcement is dated 15 December 2016.

icy97

转型全方位业者
Reach能源上涨潜能大

2017年1月7日
（吉隆坡7日讯）油价趋稳，分析员认为，全方位油气“新丁”Reach能源（REACH，5256，主板特殊收购股）上涨潜能显著。

获股东放行，收购哈萨克油气田股权后，Reach能源转型为勘探与生产业者。

丰隆投行分析员认为，油市已呆滞一段时间，Reach能源当时有可能是在油价最低价位，购哈萨克斯坦油气田。

该交易收购价是去年3月4日定下，当时，布兰特油价每桶仅为37美元，距离每桶27美元的低谷不远。

分析员说，这意味着，Reach能源可从中攫取优渥的好处。随着油价攀扬，Reach能源上涨潜能显著，因油价目前徘徊在每桶50至60美元。

若石油输出国家组织（OPEC）和非OPEC成员遵守减产承诺，油市会出现供应缺口，预计油价明年还会走高。

油价虽也有回调可能，不过分析员相信，油价下行风险有限，且下跌幅度小，大约介于每桶5至10美元。

分析员认为，投资者买进Reach能源，应减少关注短期油价波动，反之，把焦点放在净利及油价中长期的表现。



净利上看1010万分析员指出，Reach能源需专注执行项目，以全面释放，目前仍处早期产油阶段的哈萨克斯坦油气田潜能。

完成合格资产收购，该股将成为马交易所内，直接面对油价风险的业者之一。

也有望与老字号，如美国墨菲石油（Murphy Oil）和大红花石油（HIBISCS，5199，主板工业产品股）等竞争。

分析员预计，Reach能源本财年可录得1010万令吉净利，因收购机会完成后，产量会增至每日5000桶。

踏入2018财年，该公司净利料受惠于每桶59美元的油价，进而可能把净利推高至1430万令吉。【e南洋】

icy97

Date of change	23 Jan 2017
Name	TAN SRI DR AZMIL KHALILI BIN DATO' KHALID
Age	56
Gender	Male
Nationality	Malaysia
Designation	Non Executive Director
Directorate	Non Independent and Non Executive
Type of change	Appointment
Qualifications	Bachelors Degree in Civil Engineering, a Master in Business Administration and Honorary Degree of Doctor of Science (Hon DSc) from University of Hertfordshire
Working experience and occupation	Tan Sri Dr. Azmil Khalili Bin Dato' Khalid ("Tan Sri Dr. Azmil") is the President & Chief Executive Officer of AlloyMtd Group where he held the position of General Manager, Corporate Planning on joining MTD Capital Bhd in 1993 and assumed the helm as Group Managing Director in 1996. On 1 June 2009, he was redesignated as President & Chief Executive Officer. He concurrently holds the same position in the listed subsidiary of MTD Capital Bhd namely, MTD ACPI Engineering Berhad and is also the Chairman of MTD Walkers PLC, a foreign subsidiary of MTD Capital Bhd listed on the Colombo Stock Exchange in the Republic of Sri Lanka.
Directorships in public companies and listed issuers (if any)	MTD ACPI Engineering Berhad, MTD InfraPerdana Bhd, Metacorp Berhad, MTD Capital Bhd & ANIH Berhad
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None, except as nominee Director of MTD Capital Bhd
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest - 43,531,400 ordinary shares of RM0.01 each equivalent to 3.407% of the total issued and paid up capital held through Maybank Nominees (Tempatan) Sdn Bhd and CIMSEC (Nominees) Tempatan Sdn Bhd.*Deemed/Indirect Interest---------------------MTD Capital Bhd - 149,245,700 ordinary shares (11.680%)Puan Sri Nik Fuziah Binti Tan Sri Dr. Nik Hussein - 40,000,000 ordinary shares (3.130%)Deemed/Indirect interest by virtue of his interest in MTD Capital Bhd, which holds 149,245,700 shares in Reach Energy Berhad, pursuant to Section 6A(4)(c) of the Companies Act, 1965 ("the Act") and by virtue of the interest of his spouse, Puan Sri Nik Fuziah Binti Tan Sri Dr. Nik Hussein who hold 40,000,000 shares in Reach Energy Berhad.

icy97

Date of change	24 Jan 2017
Name	IR SHAHUL HAMID BIN MOHD ISMAIL
Age	67
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Managing Director
New Position	Executive Director
Directorate	Executive
Qualifications
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer
Any conflict of interests that he/she has with the listed issuer
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest----------------------------------------Shahul Hamid Bin Mohd Ismail - 766,000 ordinary shares (0.060%)Deemed Interest-------------------------------Reach Energy Holdings Sdn Bhd - 255,600,200 ordinary shares (20.00%)

icy97

Date of change	24 Jan 2017
Name	ENCIK IZLAN BIN IZHAB
Age	71
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Chairman
New Position	Non Executive Director
Directorate	Independent and Non Executive

icy97

Date of change	24 Jan 2017
Name	MISS TAN SIEW CHAING
Age	48
Gender	Female
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Director
New Position	Executive Director
Directorate	Executive
Qualifications	A member of the Chartered Institute of Management Accountants (UK) and The Malaysian Institution of Accountants.
Working experience and occupation	Ms Tan Siew Chaing ("Ms Tan") joined AlloyMtd Group on 17 October 2007 as Financial Controller and was appointed as Senior Vice President I, Head, Finance & Treasury on 1 October 2014. She is a member of Management Committee of MTD Capital Bhd and MTD ACPI Engineering Berhad and also sits on the board of several other private limited companies within AlloyMtd Group.Prior to joining AlloyMtd Group, she worked for Syarikat Bekalan Air Selangor Sdn Bhd, where she held position as Senior Manager, Finance & Treasury Department.
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	None, except as nominee Director of MTD Capital Bhd