KUALA LUMPUR (Nov 19): Shares in Reach Energy Bhd rose 2.56% this morning after the group obtained "positive results" from testing the exploration well K-16 in its Emir Oil Concession Block onshore Kazakhstan.
At 11.10am, Reach Energy gained 0.5 sen to 20 sen, valuing it at RM219.28 million.
The group added K-16 is currently in extended well testing to further ascertain its commercial viability.