General Announcement for PLC

06/01/2022

OTHERS Reach Energy Berhad ("REB" or "the Company") - Declaration of State of Emergency in Kazakhstan

REACH ENERGY BERHAD

Type Announcement
Subject OTHERS
Description 
Reach Energy Berhad ("REB" or "the Company") - Declaration of State of Emergency in Kazakhstan

The Board of Directors (“Board”) of REB wishes to announce that the Government of Kazakhstan has on 5 January 2022 declared a two weeks’ state of emergency in Almaty and the western Mangistau province, where Emir-Oil LLP, the Company’s sub-subsidiary is located. The state of emergency includes curfew, movement restrictions, ban of mass gatherings and internet disruptions.

 

The cumulative effects might contribute to a shortfall and impact the Company financially and operationally. The Company is unable to ascertain the full financial and operational impacts at this juncture due to uncertain situation in Kazakhstan.

 

The Board will make further announcement on the financial and operational impacts as well as consequences in relation thereto as and when there is new development on this matter.

 

This announcement is dated 6 January 2022.



Announcement Info

Company Name REACH ENERGY BERHAD
Stock Name REACH
Date Announced 06 Jan 2022
Category General Announcement for PLC
Reference Number GA1-06012022-00052


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