Reach gets OK to buy stake in oil and gas field in Kazakhstan

Our target is to complete the proposed qualifying asset (QA) purchase by the end of this month. The last milestone for the proposed QA to go through was obtaining approval from Reach

KUALA LUMPUR: Reach Energy Bhd, which has received overwhelming support from shareholders for its proposed maiden acquisition, hopes to complete the deal by the end of this month.

During its adjourned EGM yesterday, Reach received 81.07% approval from its shareholders to buy a stake in an oil and gas (O&G) field in Kazakhstan.