I’d like to bring your attention to what we think is a very promising publicly traded company called Target Energy Limited.
The company currently has oil well operations ongoing in the United States and is generating revenue for it’s shareholders. We’d like you to start your research immediately and put this company on your watch list. Its trading price in Australia on the ASX is $.060 and in the US on the OTCQX it’s $6.50.
Target Energy Ltd is an oil and gas exploration and production company listed on the Australian Securities Exchange and trading under the symbol “TEX”. Target Energy ADR’s can now be traded on the OTCQX International platform (stock code “TEXQY”). Each ADR (American Depositary Receipts) represents 100 ordinary shares.
Target Energy Highlights
Houston-based Australian public oil and gas exploration company with producing assets in Permian Basin and Texas & Louisiana Gulf Coast.
• Growing oil production, reserves and cash flow through the drill bit.
• Expanding Permian Basin assets.
• Company’s production increased by 320% in 2013 following successful Permian Basin drilling campaign.
• In April, Company was generating in excess of $400,000 per month in net sales revenue.
• Ongoing 2013 drilling programs in Permian Basin and Louisiana likely to add significantly to Target’s production and reserves.
• Target potentially offers some of the best leverage and lowest entry public company access to the Permian Basin
Target Energy Video Featuring Laurence Roe
Recent Headlines
East Chalkley Operations Update May 22, 2013
Target Energy Limited is pleased to advise that drilling operations are continuing at the Pine Pasture #3 well in the Company’s East Chalkley Oil Field in Cameron Parish, Louisiana.
Drilling is expected to take approximately three weeks to reach the programmed Total Depth of 3,000m (9,842 feet). The well is being drilled from existing production facilities with the bottom-hole to be approximately 272 metres south of the Pine Pasture #2 bottom-hole location. Estimated recoverable reserves for Pine Pasture #3 range between 250,000 and 450,000 barrels of oil. (read more)
Target Energy Ltd. Begins Trading on OTCQX May 16, 2013
NEW YORK, May 16, 2013 /PRNewswire/ – OTC Markets Group Inc. (OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Target Energy Ltd. (OTCQX: TEXQY; ASX: TEX), a U.S.-focused oil and gas exploration and production company, has chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, the best OTC marketplace with qualified companies.
Target Energy began trading today on OTCQX International, a segment of the OTCQX marketplace reserved for …(read more)
Horizontal Drilling & Why it’s So Important To TEXQY Shareholders
Horizontal Drilling
One such strategy to increase efficiency is the usage of horizontal drilling which is a growing trend which adds additional resources to a platform that’s already extracting oil through vertical drilling.
We’ve included the graphics below to help explain the differences.
We’re excited about Target Energy’s future and hope you will be too.
Target’s business strategy is to acquire meaningful acreage leaseholds in US hydrocarbon basins which contain significant untapped oil and gas reserves. Our objective is to grow production, reserves, cash flow and shareholder value through a comprehensive drilling program which utilises current oilfield technology in both conventional and unconventional oil plays. Target has been successful in securing acreage in the prolific and highly sought-after Permian Basin in West Texas. The company currently has four producing wells in this holding and an active forward drilling program.
Target is also producing hydrocarbons from its East Chalkley Field in southwest Louisiana with additional drilling scheduled in that field. Texas and Louisiana are the initial areas selected by Target for its operations. They are well established oil and natural gas provinces with reasonable regulatory environments and tremendous opportunities for future growth.
The company maintains offices in Perth, Western Australia and in Houston, Texas.
PO Box 140West Perth WA 6872
Australia
T: (+618) 9476 9000
US Office
1900 St James Place, Suite 425
Houston, Texas, 77056
United States of America
P: +1 713 275 9800
F: +1 713 275 0999
Email To: admin@targetenergy.com.au
F: (+618) 9476 9099
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