Target Energy Limited Expands Permian Basin Assets (ASX:TEX)
Target Energy Limited (ASX:TEX)
Target Energy Limited is a Houston-based Australian public oil and gas exploration and production company with producing assets in Permian Basin and Texas & Louisiana Gulf Coast.
Today, (May 28) TEXQYs daily range is at ($.06 $.06) currently at (0.00%) +0.000 $.060 with 105,000 shares in movement at the close (ref. google finance May 28, 2013 Close).
Now take a look at Target Energy Limited (TEXQY) 5 day chart:
To view Target Energy Limited video click link http://www.youtube.com/watch?v=1UEuizYuGes .
Target Energy Limited is growing oil production, reserves and cash flow through the drill bit. Target Energy Limited is expanding their Permian Basin assets. The Permian Basin is a sedimentary basin largely contained in the western part of the U.S. state of Texas and the southeastern part of the state of New Mexico. The companys ongoing 2013 drilling programs in Permian Basin and Louisiana are likely to add significantly to their production and reserves.
Target Energy Limited total assets and equity are $16,151,372 for Dec. 31,2012 (Unaudited) $AU in contrast to $9,950,801 June 30,2012 (Audited) $AU.
The company is listed in the U.S. via the OTCQX platform.
Target Energy Limited has a Market cap of $AU 36.2M (US$37.2M)
The company produces approximately 320 BPD from 10 wells with a projected forecast to increase production by the end of the year.
For more information please visit Target Energy Limited (ASX:TEX) (TEX.AX) (OTCQX:TEXQY) at http://targetenergy.com.au/
Stay tuned!
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