Reach Energy’s Kazakhstan well completed as budgeted

The chief executive of one victim, depositor Saigonbank Berjaya Securities JSC (SBBS) - a unit of Malaysia's Berjaya Corporation Bhd - told Reuters that if the ruling was upheld, she had little hope of recouping her bank's $10 million from the perpetrator, who was sentenced to life imprisonment. "We can't afford to lose the case. This represents 70 percent of our capital. Our business may get suspended," Josephine Yei said in an interview.

PETALING JAYA: Reach Energy Bhd’s Yessen-3 (Y-3) exploration well in its Emir Oil Concession Block in Kazakhstan has been safely and successfully completed as budgeted.

The positive results of the well underline the company’s confidence in obtaining a Commercial Production Licence for the Yessen Field as early as 2019.