News: Target Energy granted trading halt, page-4

Grapevine was talking about $5M raising. Sounded like it may involve existing holders in some part (rights issue?) - anyway, unless this company wants to continue "treading water" they will need to take the next step and acquire some bigger assets..buy more production and production potential. Plenty of stuff out there in the USA and with the recent drop in WTI, deals are already more reasonably priced. The down side is that it will mean somebody will have to make a decision.... and a lot of small cap boards are incredibly gun shy at the moment.