January 2013

Grant Craighead |Research Manager

gcraighead@breakawayinvestmentgroup.com

Andrew McLeod |Research Analyst

amcleod@breakawayinvestmentgroup.com

Company Information

ASX Code TEX

Share Price A$0.10

Shares + con notes 444.0m

Options 70.8.0m


Market Cap A$44.4m

Target Energy (TEX)

Increasing activity in the prolific Permian Basin

Recommendation: Speculative Buy

Company Update

Key Points