The company currently has oil well operations ongoing in the United States and is generating revenue for its shareholders.
Online PR News – 03-June-2013 – Las Vegas, NV – Id 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 its shareholders. Wed 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 its $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 ADRs can now be traded on the OTCQX International platform (stock code TEXQY). Each ADR (American Depositary Receipts) represents 100 ordinary shares. http://targetenergy.com.au/ 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. Companys 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 Targets 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. 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 Companys 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) east_chalkley 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 its 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 thats already extracting oil through vertical drilling. Weve included the graphics below to help explain the differences. target_energy_horizontal_dr Were excited about Target Energys future and hope you will be too. Targets 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 140 West 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: email@example.com F: (+618) 9476 9099 W: www.targetenergy.com.au E: firstname.lastname@example.org Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. This website publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received $2500 dollars from a third party for one week of advertising Target Energy Ltd (OTCQX: TEXQY). (Read Full Disclaimer at http://drstockpick.com/disclaimer