Overview
Drilling
Target is continuing its active program of drilling in 2012.
Current Indicative Drilling Schedule
Production
Target continues to produce oil and gas and total product net to TEX is 281Mcfd gas and 54bopd oil.
Assuming steady state flow rates as indicated in the table below (i.e. no natural decline in production), and assuming no new wells come on stream, current annual production equates to 102,565mcf of gas and ~19,700bbls of oil per year.
^ Shut-in
* Initial flow testing volumes
ASX Announcements
Target Energy OilBarrel PresentationMay 10th 2012Shepard's Channel Operations Update 6 MayMay 6th 2012Target Energy Operations Update 23 April 2012Apr 23rd 2012 [ View All ]
Oil & Gas Prices (US$)
Oil (WTI)
$91.13/bbl
Breakaway Research Report
Presentation
Into the Pipeline!
Contact Details
Principal Place of Business
Suite 5, 6 Richardson Street
West Perth WA 6005
P: +618 9476 9000
F: +618 9476 9099
US Office
1900 St James Place, Suite 425
Houston, Texas, 77056
United States of America
P: +1 713 275 9800
F: +1 713 275 0999
Email To: admin@targetenergy.com.au
ABN: 73 119 160 360
Suite 5, 6 Richardson Street
West Perth WA 6005
P: +618 9476 9000
F: +618 9476 9099
US Office
1900 St James Place, Suite 425
Houston, Texas, 77056
United States of America
P: +1 713 275 9800
F: +1 713 275 0999
Email To: admin@targetenergy.com.au
ABN: 73 119 160 360