Target Energy Limited (“Target”) (ASX Code: TEX) is pleased to...

Target Energy Limited (“Target”) (ASX Code: TEX) is pleased to advise that the Garwood No. 1 well in Colorado County, Texas has encountered gas in at least three separate pay zones and will be completed as a gas production well.
Garwood No.1 is Target Energy’s third discovery in a row following success at its Thoroughbred and Snapper A-1 wells, and gives Target an enviable “three out of four” success rate since the Company’s listing last November.