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Target Energy Provides Research Report Coverage by Patersons Securities

WEST PERTH, AUSTRALIA -- (Marketwired) -- 02/17/14 -- US-focused oil and gas producer Target Energy Limited ("Target") (OTCQX: TEXQY) (ASX: TEX) is pleased to advise that Patersons Securities Ltd has initiated Research Coverage on Target Energy.

A copy of the Research Note can be obtained from the Target Energy
Website at www.targetenergy.com.au/news or directly from Patersons.

A copy can also be obtained from Target Energy's page on the OTCQX platform (www.otcqx.com/qx/market/quote?symbol=TEXQY) and selecting the Research Reports tab.

Laurence Roe
Managing Director.

NOTE: In accordance with ASX Listing Rules, any hydrocarbon reserves and/or drilling update information in this report has been reviewed and signed off by Mr. Laurence Roe, B.Sc, Managing Director of Target Energy, who is a member of the Society of Exploration Geophysicists and has over 30 years' experience in the sector. He consents to that information in the form and context in which it appears.

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Media Inquiries:
USA
Bradley Holmes
Target Investor Relations (Houston)
+1 713 304 6962 cell
+1 713 654 4009 direct

Laurence Roe
Target Energy
+1 713 275 9800 direct

Australia
Ross Dinsdale
Business Development Manager (Perth)
+61 429 702 970 cell
+61 8 9476 9000 direct

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