Goldman says Oil will average at US$43 a barrel in the final quarter of this year. This is a hammer blow for REACH Energy Bhd, which is making an audacious proposal to invest few HUNDRED million into KHAZAKSTAN.
Shareholders must reject this proposal because KHAZAKSTAN is a risk in itself. The Economist describes KHAZAKSTAN largest oil project as CASH ALL GONE.
The KHAZAKSTAN Tenge is down terribly against the US dollar.
Interest Rates have gone up by 200 per cent, and S&P projects ZERO growth for Khasakstan and EXPECTS 2017 might end up being worst than zero per cent growth.
Being a fairly safe, country, Malaysian should take this opportunity to holiday in Khasakstan.
But to allow a 67 year old man to invest few hundred million ringgit of your money into KHAZAKSTAN in the oil and gas business, is a RISK.
It's RISKiER because, obviously the guy heading Reach Energy does not have the same entrepreneur pedigree compared to Halim Saad or Syed Mokthar.