Target Energy - Australian petroleum exploration and production company.

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East Chalkley Oil Field, Louisiana


Target Energy has a 35% working interest in this project which is an appraisal and development project operated by Magnum Hunter Resources Corporation. The acreage is located approximately 33 kms (20 miles) southeast of the town of Lake Charles in Cameron Parish in southern Louisiana.

Independent reserve studies undertaken for Target have indicated that the field may have up to 1.7 million barrels of P50 ("most likely") technically recoverable reserves and resources, with a P10 or upside estimate of 4 million barrels of oil.


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To view a copy of the Target Energy April 24 2015 Issue Prospectus please click here


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