Target Energy
Target Energy (TEX) listed in November 2006 with a plan to grow into a successful explorer/producer of oil and gas. The initial focus is the US, with experienced domestic JV partners. Exploration was successful, with three out of four wells in production. Assets are in Louisiana and Texas, where there is existing infrastructure and 3D seismic available for purchase and re-processing. As cash flow builds, TEX will seek new opportunities in other regions of the US. Management is achieving what it said it would. TEX was listed on the Australian stock market on 27 November, 2006.
Examine the old dividends for Target Energy. Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. If Target Energy Limited has declared a dividend, you may be eligible to receive TEX dividends if the share trader the company's stock on the ex-dividend date. Investors must have purchase the shares before the ex dividend date to be entitled to the dividend declared by the company. If you buy the stocks on or after the ex dividend date, the previous owner of the shares will receive the dividend.
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