Target Energy - Australian petroleum exploration and production company.

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Glossary

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HORIZON
Distinct layer or group of layers of rock.

HYDROCARBONS
Organic chemical compounds of hydrogen and carbon whose densities, boiling points, and freezing points increase as their molecular weights increase. The molecular structure of the most common petroleum hydrocarbon compounds varies from the simplest - methane, a constituent of natural gas - to the very heavy and complex.


IMPERMEABLE ROCK
A rock with restricted or poorly-communicating pore spaces, such that hydrocarbons will not flow through it.

INFILL DRILLING
Drilling of wells according to a planned pattern and spacing to achieve full production from a new field.

IN PLACE
Description of the total hydrocarbon content of a reservoir, as distinct from 'Reserves' which can be 'recovered' or produced. Oil or gas in place (OIP, GIP) before the start of production is known as Oil or Gas Originally in Place or Initially in Place. (e.g. STOOIP = Stock Tank Oil Originally in Place; GIIP = Gas Initially in Place).


JARS
Down hole tools inserted in the drill-string when fishing to jerk or jar the fish free by repeated sudden blows. They may also be used while drilling to avoid the drill-string becoming stuck.

JOINT
A single length of pipe. Coupled or welded to other lengths, joints become a string. The term joint may also refer to the couplings or joints themselves.

JUNK
Any unwanted object 'lost' down a well.


KELLY
Square or hexagonal steel pipe about 43 feet (13 metres).

KILLING A WELL
The act of bringing a well under control which has blown out or is threatening to blow out; also applies to the procedure of circulating water and mud into a completed well before starting well service operations.

ASX Announcements

FlameQuarterly Report 30 June 2010.Jul 29th 2010

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FlameAppendix 3 YJul 13th 2010

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FlameAppendix 3YJul 12th 2010

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Oil & Gas Prices (US$)

Oil (WTI)

$76.76/bbl

Gas (Henry Hub)

$4.760/mcf

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Video

See Target Energy Managing director Laurence Roe on Sky Business News 10 November 2009

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Contact Details

Level 2, 46 Ord Street
West Perth WA  6005

P: +618 9476 9000
F: +618 9476 9099
E:
admin@targetenergy.com.au
ABN: 73 119 160 360