Target Energy Ltd. announced consolidated earnings results for the year ended June 30, 2016. For the year, the company reported continuing operations revenue of AUD 732,174 against AUD 2,287,188 a year ago. Loss from continuing operations before income tax expense was AUD 8,931,300 against AUD 25,975,732 a year ago. Total comprehensive loss was AUD 8,752,923 or 0.9 cents per basic share against AUD 21,132,344 or 4.9 cents per basic share a year ago. Net cash used in operating activities was AUD 2,262,611 against AUD 859,165 a year ago. Purchase of property, plant and equipment was AUD 345,973 against AUD 11,266,499 a year ago.