Oil And Gas Production Companies

MONEY INFO

INVESTMENT NEWS SHOW

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The show featured an interview with oil and gas production company Target Energy Ltd. (stock symbol: TEXQY) Managing Director, Laurence Roe.

See Target Energy Ltd. corporate website: http://www.targetenergy.com.au

Get TEXQY Quotes and Trading Charts on Yahoo Finance:

http://finance.yahoo.com/q?s=TEXQY

Target Energy is a U.S.-focused 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.

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.

The company recently began trading in the US on the OTCQX®

See News http://finance.yahoo.com/news/target-energy-ltd-begins-trading-110000194.html