Target Energy Limited is an Australia-based company, which is engaged in the development and production of, and exploration for oil and gas in the United States. The Company's segments include USA subsidiaries and Australian operations. The Company's projects include The Permian Basin, which is located in West Texas, is a prolific hydrocarbon producing basin. It covers about 194,250 square kilometers in West Texas and southeast New Mexico. The Permian Basin is made up of three component parts, the eastern Midland Basin, the Central Basin Platform and the western Delaware Basin. The Company has approximately 15 producing wells in Permian Basin. In addition, the Company is also producing hydrocarbons from its East Chalkley Field in southwest Louisiana with additional drilling scheduled in that field. It has presence in Perth, Western Australia and in Houston, Texas. The Company operates through its subsidiaries, TELA Garwood Limited LP, TELA Louisiana Limited Inc and TELA USA Inc.