Bernama Business Online - Reach Energy Evaluating 10 Potential Assets For Acquisition

KUALA LUMPUR, Aug 15 (Bernama) -- Newly listed Reach Energy Bhd, is in the midst of evaluating 10 potential assets to acquire within one to three years.

Managing Director Shahul Hamid Mohd Ismail said the special purpose acquisition company (SPAC) would focus on hydrocarbon fields in the development and production phases, with reserve calculations of at least in the 2P reserve category.

2P category denotes proven and probable oil and gas reserves.

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1. Reach Energy Evaluating 10 Potential Assets For Acquisition