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Last A$0.0030 AUD
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As of 11:54 PM 11/19/15 All times are local (Market data is delayed by at least 15 minutes).

target energy ltd (TEX) Snapshot

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52 Week High
11/27/14 - A$0.04
52 Week Low
09/30/15 - A$0.0020
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target energy ltd (TEX) Details

Target Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia and the United States. The company holds interests in the Fairway project covering an area of approximately 4,500 acres located in Permian Basin, West Texas; Section 28 project located in southeast Louisiana in St Martin Parish; East Chalkley Oil Field situated in southern Louisiana; and Merta Gas Field project located in Houston in Wharton County, Texas. Target Energy Limited was founded in 2006 and is based in West Perth, Australia.

Founded in 2006

target energy ltd (TEX) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: A$303.5K
Compensation as of Fiscal Year 2015.

target energy ltd (TEX) Key Developments

Target Energy Limited, Annual General Meeting, Nov 20, 2015

Target Energy Limited, Annual General Meeting, Nov 20, 2015., at 14:30 W. Australia Standard Time. Location: The Vic Boardroom, 226 Hay Street. Agenda: To receive and consider the financial statements, declaration of the directors, directors' report, remuneration report and auditor's report for the financial year ended 30 June 2015; to consider re-election of Christopher Rowe as a Director; to consider the remuneration report; to consider the additional placement capacity; and to transact such other business issues.

Target Energy Ltd. Announces Consolidated Financial Results for the Year Ended June 30, 2015

Target Energy Ltd. announced consolidated financial results for the year ended June 30, 2015. For the year, the company reported revenue of AUD 2,287,188 against AUD 4,389,649 a year ago. Loss from continuing operations before income tax expense was AUD 25,975,732 against AUD 2,928,219 a year ago. Total comprehensive loss was AUD 21,132,344 or 4.9 cents per basic share against AUD 3,575,496 or 0.6 cents per basic share a year ago. Net cash used in operating activities was AUD 859,165 against AUD 957,470 a year ago. Purchase of property, plant and equipment was AUD 11,266,499 against AUD 6,694,512 a year ago.

Target Energy Limited Announces Reserves Update

Target Energy Limited announced that June 30, 2015 proven oil reserves have been assessed at 0.27 million barrels of oil equivalent (MMBOe), with total Proved, Possible and Probable Reserves assessed at 0.51 MMBOe, according to recent independent Reserves Estimates. The Reserves Estimates, effective 30 June 2015, encompass the Company's interests in its Texas and Louisiana oil and gas producing properties. The Reserves Reports were commissioned by Target and conducted by Texasbased independent consultants T.J. Smith & Company Inc. and Harper & Associates Inc. in accordance with the definitions and guidelines set out in the 2007 Petroleum Resources Management System approved by the Society of Petroleum Engineers.


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