TEX - Target Energy

[yogi-in-oz]

Hi folks,

TEX ..... another IPO, to be listed on
Monday next ... Target Energy ... TEX.

No previous data, so no chart for TEX as yet, but
a couple of positive cycles should keep this one
buoyant, running into the end of next week.

It's interesting, that while this stock will have
its own unique situations ahead, the underlying
signature of time cycles are the same as, our
Aussie index, XJO.

So, it will be interesting to see how closely this
stock tracks our XJO, in the months ahead.

Right now, we can see a positive outlook for TEX,
over the next couple of months:

November 2006:

28112006 ... minor news

30112006 ... significant cycle - finance-related?

December 2006:

01122006 ... minor positive cycle (intraday)

08-11122006 ... positive spotlight on TEX .....

19122006 ... positive news expected here.

29122006 ... short aggressive rally here ... ???

January 2007:

05-08012007 ... 2 cycles, expecting significant news???

17012007 ... minor and positive

25012007 ... minor and positive news?

February2007:

05022007 ... minor and positive light on TEX

08022007 ... minor

09-12022007 ... significant and negative ... finances?

15-21022007 ... strong rally here ... ???

March 2007:

07032007 ... 2 conflicting cycles here may be
reflected in flat trading, as a negative
spotlight on TEX is tempered by likely
good financial news ???

20032007 ... short, aggressive rally ??

30032007 ... 2 significant and negative cycles here,
may highlight hitech difficulties for TEX?

Let's see how this IPO unfolds, over coming months .....

have a great weekend

yogi



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[yogi-in-oz]

Hi folks,

TEX ..... as per post above, market taking a shine to this
one already, with some significant positive cycles coming
into play over the next couple of months.

No news yet, but TEX pushing up already ... for other key
TEX dates ahead, please refer to post above .....


happy days

yogi

P.S. ..... holding TEX.



=====

 

[benwex]

Yogi,

Is your crystal ball still covering this one, any info on upcoming ann or news??

regards,
Benwex

 

[yogi-in-oz]

Hi Benwex,

TEX ..... time cycles still, as per post above,
on 25 Nov 2006 ..... nothing changes, so
expecting TEX to remain positive overall,
until around the end of the first week,
in February 07.

happy days

yogi

 

[birdmanz]

So far 2 out of 3 drills are producers...although the sp doesn't hasn't moved north.....Does anyone have any ideas as to why?
Cheers
G

 

[yogi-in-oz]

Hi folks,

TEX ... expecting a very negative day today, 08062007
... would like to see TEX test support, around 15 cents.

Not much joy ahead, until a new positive cycle comes
into play, around 22-25062007 .....

August 2007 should be a positive month for TEX and
12-18 October 2007 should see TEX booming .....

happy days

paul



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[porkpie324]

At the Gold Coast resources seminar director Paul Loyd gave an impressive presentation on Target Res, I talked further at their booth with Paul & Mike Martin about TEX. They have a very good chance of some good drilling results in Louisiana USA and if the results are as expected can get into production very quickly all the infrastructure is there. I am looking for another USA investment after cashing up half my Amadeus holding. Anyone else have views on Target. porkpie

 

[Horace]

I have been watching this for a few months, the sucess while not high earners have been good, (3 from 4) there is oportunity for much further upside through the Berwyn and Parks prospects, according to latest report on issue. I don't hold any stock in this, however may change in the near future. I do hold some in COI, may also be worth a look

 

[Trader Paul]

Hi folks,

TEX ... despite good company communications today and
more expected around 27-30072007, the really positive
time cycles and news is not expected, until next month:

August 2007:

09082007 ... positive spotligh on TEX ...

13082007 ... more positive news expected here

28082007 ... some significant and negative news expected.

September 2007:

Conflicting cycles here will likely bring alternating
periods of flat trading and volatility, with the first
half of the month biased towards negative cycles ...

... be wary, on 3rd and 10th September 2007, for
underlying negativity.

Alert for more positive news on 17-18th September 2007.

October 2007:

09-10102007 ... minor and positive light, should
trigger a BIG rally in TEX, through
to 18102007(???)

16102007 ... looking for some a BIG move here.

26-29102007 ... party is over, as a negative cycle comes
into play ... finance-related ???

happy days

paul



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[Trader Paul]

Hi folks,

TEX ...

October 2007:

09-10102007 ... minor and positive light, should
trigger a BIG rally in TEX, through
to 18102007(???)

16102007 ... looking for some a BIG move here.

26-29102007 ... party is over, as a negative cycle comes
into play ... finance-related ???

happy days

paul

=====

Hi folks,

TEX ... time to get back on board this one, again.

Three wells already producing and Snapper-A2 is due
to spud on 13102007 ... looking at their biggest
target to date.

Updated TEX chart attached.

happy days

paul



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[porkpie324]

I've been sitting on TEX since June, after attending a presentation on the Gold Coast, I spoke with co. directors in depth at there stand. Did'nt go overboard though still a bit specky. porkpie

 

[hoppielimp]

Hmmm, tommorrow hopefully will see confirmation of whats down there in Snapper A-2 (hopefully drill complete and logs run).

Then hopefully Bayou will follow shortly....then Bandito and Teche...since they were slated for Novemeber...and we are running out of days...

Parks North also slated for 4th Quarter...which doesn't leave much time either...also Snapper A-3...

I wonder how many of the above will go into '08 ?

Or will they all kick in and we have a very merry christmas...?

 

[rusty182]

I still dont know why this hasnt bounced.... TEX has current wells pumping oil and gas worth at least 30 cents!!!

Let alone there current cash on hand at 6 million.

and there future 4 drilling wells coming up.

Now someone please tell me this is not undervalued at a current market cap at 11 million?

 

[surfingman]

I still dont know why this hasnt bounced.... TEX has current wells pumping oil and gas worth at least 30 cents!!!

Let alone there current cash on hand at 6 million.

and there future 4 drilling wells coming up.

Now someone please tell me this is not undervalued at a current market cap at 11 million?

Do you have any figures on 30cents for the wells? for a guesstimate?

I would be keen to see some if you have them, i have been watching Tex since IPO but never brought in.

 

[rusty182]

hey there,

Page 5 of there 04/10/07 presentation on a Risked level. Unrisked this valuation is higher

 

[birdmanz]

Great announcement today for tex....very high sucess rate since inception Nov 06....2 more drills scheduled for the coming months, one next couple of weeks & the other catapult is teh potential company maker....looking good

 

[sydneysider]

Great announcement today for tex....very high sucess rate since inception Nov 06....2 more drills scheduled for the coming months, one next couple of weeks & the other catapult is teh potential company maker....looking good

To-days turnover is the second highest since listing two years ago. At that time TEX hit 8 million shares in a day, currently we have just passsed 5.6 million. Technically speaking TEX has put in a double bottom, or W (from a top formation formed 6-9 months ago. The right side of the W is getting all of the heavy volume which seems to indicate that a major reversal is just ahead. Will publish a chart later.

 

[sydneysider]

Technicals look very interesting on TEX. See chart below, notice the large multi month double bottom, the last down leg of the W was probably due to tax selling which finished yesterday. IF we get a continuation of the buying surge TEX could go a long way.

The fundamentals also have a very bullish tint. Yesterday's oil find at East Chalkley appears to have two pay zones so the anticipated 2.4 million barrel recoverable oil pool may be larger than anticipated (dependent on testing). A nearby well on the same structure produces 400 bpd. Assuming that the current pay zone pans out there is potential for several oil producing well here. Assuming a flow rate of around 400 bpd then this will have a very dramatic effect on TEX finances on the order of $3-8 million per year (1-2 wells completed succesfully).

Currently 5 wells produce about US$3.5 million in annualized revenues which justifies the current share price. Another four wells are now drilling or will start shortly, two of which could be vey hi impact on TEX including Bandito and Catapult. Assuming moderate hits in the program the stock price could appreciate significantly and if any of the hi impact wells hit pay then TEX share price could head into the 50cents-$1.00 range. More about these wells can be found at the TEX website.

 

[sydneysider]

Watch TEX over the next few weeks. East Chalkely Well has just completed as an oil producer, although not tested yet are expecting (hoping?) for around 400 bpd. Possibly similar production from additional wells on same structure of 2.4-5 million barrels recoverable (estimates in TEX reporting). Bandito Well is running wireline logs and is expected to hit target bottom in a few days, is currently running wireline logs, with a nearby well producing 40 million cubic feet per day from a very decent sized gas formation that Bandito is expected to also drill into. good luck to all longs

 

[sydneysider]

Time to review TEX. They have just drilled an oil well that is being flow tested and preparing for production at East Chalkley (25% interest). Prior well on same structure produces 400 bpd. The operator on this project is Petro Resources a US listed oil explorer who this weekend put out a fresh presentation where they say they are very bullish on East Chakley and its potential. This commentary seems to imply that the current well testing may have exceeded expectations. A second well is planned to increase production further.

Assuming that TEX gets 100 bpd @ US$100 per barrel from the first well and the potential of a second well is put down with similar results then TEX monthly revenues could go from the current US$150,000 to US$450,000 - 750,000 per month. The project is already on production so a hook up and revenues will be very quick. TEX is currently capitalized at around A$12,000,000 of which about half of that amount is cash. Hoping that my revenue guesstimates pan out, Good luck to all longs.