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frank111

05/30/13 11:36 AM

Post #2

Target Energy's production increased 320% this year. The ADR price value seems like a real deal since the company is profitable and has plans to ramp up production. ADR's are a convenient way for U.S. investors to get in international markets

mlawrence

05/29/13 12:25 PM

Post #1

Company has operations and revenue! Check out the video for news from the director. Target Energy trades on the ASX and has now been added to the OTCQX with the symbol TEXQY.

They trade ADR's on the OTC which are bundles of 100 shares of common stock.

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Target Energy Ltd (TEXQY)

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Created	05/28/13	Type	Free
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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”).

http://targetenergy.com.au/

Target Energy Highlights

Houston-based Australian public oil and gas exploration and production 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

The managing director of Target Energy Ltd discusses current operations and the future plans of the company.

Target's business strategy is to acquire meaningful acreage leaseholds in US onshore 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 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.

PO Box 140
West Perth WA 6872
Australia

T: (+618) 9476 9000

F: (+618) 9476 9099

W: www.targetenergy.com.au

E: admin@targetenergy.com.au