Bloomberg TV - Reach Energy Screening Qualifying Asset At USD70-80 Crude

May 27, 2015 (Kuala Lumpur) — Shahul Hamid Mohd Ismail, managing director and CEO of Reach Energy, says some distressed assets and operators are in sight for the special purpose acquisition company thanks to lower oil prices. He tells Bloomberg TV Malaysia’s Sophie Kamaruddin that he expects crude prices will stabilize and is screening potential acquisitions at 70 or 80 U.S. dollars.

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