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    Target Energy Producing Assets in Permian Basin and Texas & Louisiana Gulf Coast (OTCMKTS:TEXQY)

    May 31 May 2013 | 09:27
     

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    Target Energy Limited (TEXQY)

    Target Energy Limited, a Houston-based Australian public oil and gas exploration and production company with producing assets in Permian Basin and Texas & Louisiana Gulf Coast. Target’s business strategy is to acquire meaningful acreage leaseholds in US onshore hydrocarbon basins which contain significant untapped oil and gas reserves.

    In my opinion, this is a great Company that has produced great profit with the ability to ramp up production. Keep a eye out for Target Energy Limited ticker “TEXQY ”. Don’t forget you can also go to the Australian Securities Exchange Target Energy (ASX:TEX).

    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 that’s already extracting oil through vertical drilling.

    We’ve included the graphics below to help explain the differences.

    target_energy_horizontal_dr

    To view Target Energy Limited video click link http://crwetube.com/media/target-energy-ltds-managing-director-laurence-roe .

    Now take a look at Target Energy Limited (TEXQY ) 1 day chart (ADR price $6.50):

    texqychart

    The Company’s production increased by 320% in 2013 following successful Permian Basin drilling campaign. In April, the Company was generating in excess of $400,000 per month in net sales revenue.  The Company’s ongoing 2013 drilling programs in Permian Basin and Louisiana are likely to add significantly to their production and reserves.

    For more information please visit Target Energy Limited (ASX:TEX) (TEX.AX) (OTCMKTS:TEXQY) at http://targetenergy.com.au/

    Stay tuned!

    Remember: Always do your homework and consult your own financial professional.

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