"Target Energy was formed to explore for and produce...

"Target Energy was formed to explore for and produce hydrocarbons in the United States of America. Texas and Louisiana, the initial operating areas selected by Target, are well-established petroleum provinces. In the short time since listing, Target has achieved significant drill success. It has a track record of achieving “six-from-nine” well completions – four of which are already producing both oil and gas"

"Target’s first discovery came only four months after listing, its first production seven months after listing and its first cash was generated ten months from listing"

the above are quotes from

http://www.proactiveinvestors.com.au/companies/news/3400/target-energy-ties-snapper-a3-well-into-production-3400.html