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Target's drilling operations in the Permian Basin in Texas.

Target taps shareholder, raises capital

West Perth-based oil and gas explorer Target Energy has tapped its major shareholder, Wyllie Group, for $3 million through a convertible note issue, and is undertaking an entitlement offer to raise up to $2.9 million.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/01/18

1 year TSR5 year TSR
50thForce Commodities295%-17%
142ndTarget Energy100%-53%
187thKangaroo Resources67%-8%
218thAustralis Oil & Gas50%0%
707thImpact Minerals-42%-17%
709 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

28/02/17
$0 Other
28/02/17
$0 Other
28/02/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

116th-Force Commodities$1.1m
117th↓Kangaroo Resources$1.1m
118th↓Target Energy$1.1m
119th↑Impact Minerals$1.1m
120th-Australis Oil & Gas$1.1m
498 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Target Energy

782ndLaurence Roe$164k
1234thStephen Mann$60k
Ranked by total remuneration from all listed WA companies

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