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TEX, TARGET ENERGY LIMITED
crooky
post Posted: Sep 13 2014, 01:32 AM
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Basically said they up are for a takeover , down on low volume . any thoughts?

 
crooky
post Posted: Oct 30 2012, 08:38 PM
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must admit of struggling to find a few bob of late , TEX was not high on the list of topping up.
But with TEXOB due tomorrow decided to take up my full allocation tonight
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The main reason is that the Options are now fully underwritten, the interesting part is that Graham Riley a former TEX director has put his hand up for 20% . Seems a vote of confidence as he stood down recently on the 5th Oct 2012.

Another is that Wyllie Group is seeking a min of 20 million shares , if the underwriting does not deliver that number of shares the parties have discussed making a top up placement , subject to shareholder approval.

All directors took up their full allocation

All this released with one day to go , so most option holders have to decide quickly and B-Pay tonight , early morning tomorrow.

three well back to back drilling program to follow targeting Fusselman / Wolfberry formations .

Seems to me most are keen

for anyone looking for an entry , there is a gap on the chart around 9 cents there about , which worries me

http://www.stocknessmonster.com/news-item?...SX&N=610925


$5 million Options Conversion Fully Underwritten















.



 
veeone
post Posted: Sep 14 2012, 10:12 AM
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In Reply To: crooky's post @ Sep 14 2012, 10:08 AM

BOOM big open!! See how it holds up......V1

 
crooky
post Posted: Sep 14 2012, 10:08 AM
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Strong Oil Flow at Darwin 1#

http://stocknessmonster.com/news-item?S=TE...SX&N=604004

 
veeone
post Posted: Sep 14 2012, 10:07 AM
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In Reply To: crooky's post @ Sep 13 2012, 07:15 PM

Good start Crooky!! V1

 
veeone
post Posted: Sep 14 2012, 10:06 AM
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Target Energy strikes oil in Darwin #1 well in West Texas

Oil has flowed to the surface from the Fusselman formation in Target Energy’s Darwin #1 well in West Texas at rates in excess of 240 barrels of oil per day (BOPD). The well, which targeted both highly prospective Wolfberry and Fusselman sections, was perforated in the Fusselman section. Following acid stimulation, the well commenced flowing oil through a 10/64 inch choke at rates equivalent to over 240 barrels of oil per day, with associated gas and with no water. The well is now shut in for a pressure buildup survey and will recommence flow testing on the weekend. “This is a wonderful result for Target shareholders. This is the reason we have been drilling in West Texas. Locally, the Fusselman interval is an extremely attractive target with wells just 8 kms south of Darwin #1 producing at rates up to 480 BOPD”, Target managing director Laurence Roe, said. “The Wolfberry section in Darwin #1 also looks very good, but in keeping with local practice, we will defer any Wolfberry testing and production while the Fusselman remains productive. Wolfberry wells nearby have enjoyed strong success with some operators reporting initial flow rates up to 136 BOPD.” Typical Wolfberry wells in the region have the potential to contain up to 130,000 barrels of oil equivalent, with very long lives. The Darwin #1 well is the second well in Target’s Fairway project in Howard County, Texas and lies just 3 km northeast of Target’s BOA wells. The well encountered strong hydrocarbon shows throughout the entire target section, with live oil shows consistently seen below 2,103 metres as the well was drilled. Based on the shows in the Wolfberry and on an initial review of the wireline logs in the Fusselman section, the well was completed for oil production.

Target Energy owns a 60% working interest in the Darwin #1 well.



 

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crooky
post Posted: Sep 13 2012, 07:15 PM
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From another site , compliments from Aotea

QUOTE
Rumour mill in full swing, in a trading halt at the moment but word is 400bopd on the Westpac trading platform news...have a good holding in TEX, and if true could see a run up tp 20c


 
crooky
post Posted: Sep 13 2012, 03:40 PM
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In Reply To: veeone's post @ Sep 13 2012, 02:43 PM

Hoping for a good result here.

 
veeone
post Posted: Sep 13 2012, 02:43 PM
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The Directors of Target Energy Limited (ASX: TEX) request that the securities of TEX be placed into a trading halt pending an announcement regarding the results of testing from the Darwin #1 well at the Company’s Fairway Project.



 
Commander C
post Posted: Jan 17 2012, 06:47 PM
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In Reply To: JMH03's post @ Jan 15 2012, 08:26 PM

[On a minor related point...do you mean Angus Geddes or someone else...I thought Angus Geddes is still at Fat Prophets??]

 
 


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