Target Energy Limited is an Australia-based oil and gas exploration and production company. The Company’s business strategy is to acquire meaningful acreage leaseholds in the United States onshore hydrocarbon basins which contain significant untapped oil and gas reserves.The Company’s objective is to grow production, reserves, cash flow and shareholder value through a drilling program which utilizes oilfield technology in conventional and unconventional oil resource plays. The Company has secured acreage in the Permian Basin in West Texas with 11 producing wells in this holding. A further 3 wells are planned for drilling in the remainder of 2014. The Company is also producing hydrocarbons from its East Chalkley Field in southwest Louisiana with additional drilling scheduled in the field. The company maintains offices in Perth, Western Australia and in Houston, Texas.