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    Santa Fe Gold Amends Mogollon Option Agreement (OTCMKTS:SFEG, OTCQX:TEXQY, ASX:TEX)

    July 11 Jul 2013 | 11:13
     

    crwenews

    sfeg

    Santa Fe Gold Corporation (SFEG)

    Today, SFEG surged (+7.35%) up +0.009 at $.130 with 62,550 shares in play thus far (ref. google finance Delayed: 11:32AM EDT July 11, 2013).

    Santa Fe Gold Corporation previously reported it has amended the Mogollon option agreement with Columbus Exploration Corporation (CLX-TSX-V) (formerly Columbus Silver Corporation) under which Santa Fe may earn 100% interest in the Mogollon Project, Catron County, New Mexico. The Mogollon Project encompasses most of the Mogollon district in southwest New Mexico, which has substantial recorded historical production of silver and gold. The project fits Santa Fe’s strategic objective of developing new ore sources to augment ore currently processed though its Lordsburg flotation mill.

    Santa Fe Gold Corporation (SFEG) 5 day chart:

    sfegchart

    For more information please visit Santa Fe Gold Corporation (OTCMKTS:SFEG) at www.santafegoldcorp.com

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    texqy

    Target Energy Limited (TEXQY) (TEX)

    Target Energy Limited (OTCQX:TEXQY, ASX:TEX) (http://targetenergy.com.au/) is an oil and gas exploration and production company listed on the Australian Securities Exchange and trading under ticker “TEX” and OTC Markets trading under ticker “TEXQY”.

    Today (July 11), Target Energy Limited ticker (OTCQX:TEXQY) has surged (+1.23%) up  +0.08 at $6.56 with 200 shares in play thus far (ref. google finance 12:08PM EDT July 11, 2013), and Target Energy Limited on the Australian Securities Exchange ticker (ASX:TEX) had surged (+1.47%) +0.001 at $.069 with 15,000 shares in play at the close (ref. google finance July 11, 2013 – Close).

    Target Energy Limited (OTCQX:TEXQY ) 5 day chart:

    texqychart

    Target Energy Limited (ASX:TEX) 5 day chart:

    texchart

    The Company previously reported that the company is continuing drilling operations at the Pine Pasture #3 oil well on their East Chalkey Oil Field in Parish, Louisiana. The Company had independent studies which indicated that put upside recoverable reserves for Pine Pasture #3 range between 250,000 and 450,000 barrels of oil. In addition, the report also revealed that the East Chalkey Field has an upside estimate of 4 million barrels of oil.

    texqyvideo

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

    Keep in mind, Target Energy Limited 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.

    On the International OTCQX Target Energy ticker (TEXQY) is going for $6.56. Now what makes (TEXQY) convenient in my opinion is that this is a ADR. For those that dont know a ADR means “American Depositary Receipt”. From my understanding, these Target Energy Limited american depositary receipt’s on the OTC are bundles of 100 shares of common stock. Also, don’t forget you can also go to the Australian Securities Exchange for Target Energy ticker (ASX:TEX) which is at a convenient price of $.069. Now at a price of  $.069 Target Energy Limited (“ASX:TEX”, “TEXQY”, “Target Energy Limited” or the “Company”)would be considered to have experienced a (+130%) gain if compared to the 52 week low of $.03

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