Just revisiting the potential of Target energies 10 percent...

Just revisiting the potential of Target energies 10 percent interest in shepards channel..

My understanding it is a higher risk , higher reward play. Drill bit stuck, but early gas shows have got to be positive. Targeting circa 100-200bcf...which is 10-20bcf net to target. That would be a substantial discovery for a company this size. We could be looking at 5-10mcf pd plus condensates.

Hopefully 1-2weeks away from wireline logs and if we have good gas flows this could be the big sleeper.

Meanwhile hopefully they've plugged the leak at Boa and oil flow rates start to build and stabilize over next few weeks.

With the second fairway well spudding sometime in march and a real chance of a near term oil price spike, there should be enough ammo to push TEX through resistance at 12.5c, in which case I have a short term
target price of 15-20c