Oil and Gas
Stock To Watch
Target Energy Ltd.
Stock Symbol: TEXQY
See Target Energy Ltd. corporate website: http://www.targetenergy.com.au
Get TEXQY Quotes and Trading Charts on Yahoo Finance:
New Oil and Gas Production Company
Target Energy Ltd. (TEXQY) stock recently began trading in the US on the OTCQX®: See News Release
Target Energy is a U.S. focused domestic oil and gas exploration and production company. The company has assets in the Permian Basin, West Texas and in the Texas and Louisiana Gulf Coasts.
Increasing Oil and Gas Production Rates
Already in 2013, Target’s oil production has increased by more than 320%. Production for 1st quarter 2013 is shown below:
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See more Target Energy oil and gas production data – Click Here
Target’s business strategy is to acquire meaningful acreage leaseholds in US onshore hydrocarbon basins which contain significant untapped oil and gas reserves.
TEXQY 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 resource 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.
June 6, 2013 News – Completed Drilling Operations on Pine Pasture #3 well in the Cameron Parish, Louisiana. See release.
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Oil & Gas Production Company News:
See Target Energy’s Corporate Presentation from Oil & Gas Investment Seminar New York April 2013.
Target Energy Ltd. Managing Director, Laurence Roe, interviewed on MONEY INFO Investment News Show.
Hear a recording of the
Money Info Show Interview