Company Target Energy Limited Australian S.E.

Target Energy Limited is an Australia-based oil and gas exploration and production company. The Company is principally engaged in the development, production and exploration for oil and gas in the United States. The Company's segments include USA Subsidiaries and Australian operations. The Company's portfolio includes Fairway Project and East Chalkley Project. The Company's Fairway Project consists of approximately 4,500 acres, and is part of Wolfberry oil resource play in West Texas. The Company has over 115 well locations on a 40-acre well spacing. The Company's East Chalkley Project is located approximately 33 kilometers southeast of the town of Lake Charles in Cameron Parish in southern Louisiana. The Company operates through its USA subsidiaries, which include TELA Garwood Limited LP, TELA Louisiana Limited Inc and TELA USA Inc.