Wolfberry will be the bread and butter for TEX, as this play...

Wolfberry will be the bread and butter for TEX, as this play appears to be less risky - based on previous drilling in the area. I think we can expect good income from this project, unless TEX decide to sell it off for profit.

More importantly I think Buffalo will be our hero here. This play has more risk, but upside for TEX is significant. Man. have been pretty conservative so far, but i'm guessing it could be a real game changer. I'm gald its coming up 1st, this could really get a rocket up TEX sp.

Notes from presentation out last Friday....
I like the last point!!!

Buffalo Project ‐ South Texas
? Target Energy testing a new Resource Play concept
? Numerous wells in the project area had untested shows in a
sand/shale interval, up to 1200 feet thick
? Target considers that this interval could respond well to fracture
stimulation.
? Target reached agreement with leaseholders to earn a 50% interest in
a 13,000 acre area by fraccing 2 wells and drilling and fraccing a
horizontal well in the key interval. Each stage is at Target?s discretion.
? Initial well to be fracced in two stages. First stage due in next few
weeks (mid April). If successful Target will move on to the second frac.
? Risk in an untested concept, but upside is immense.