Target Energy Reports Negative Cash Flow of $518,000 for the September 2009 Quarter (TEX.AX, 01005912, 20091030)

Huntleys' Stock of the Week

FINANCE NEWS

Other Resources
- RSS Feeds
- Message Boards

Finance Videos

Marketplace

Target Energy Reports Negative Cash Flow of $518,000 for the September 2009 Quarter
Friday October 30, 2009, 2:53 pm

Original Announcement: Quarterly Report Ending 30 September 2009

Target Energy reported negative cash flow of $518,000 for quarter ended 30 September 2009. Operating cash flow for the period was $(595,000). Payments for exploration and evaluation were $(13,000). Investing cash flow was $(308,000). Financing cash flow was $385,000. Cash in hand at the end of the quarter was $2.07m.

Current Quarter $A'000-30 September 2009 Year to Date $A'000-3 Months
Net Operating Cash Flows (595) (595)
Net Investing Cash Flows (308) (308)
Total Operating and Investing Cash Flows (903) (903)
Net Financing Cash Flows 385 385
Net Increase (Decrease) in Cash Held (518) (518)
Cash at Beginning of Quarter/Year to Date 2,651 2,651
Cash at End of Quarter 2,066 2,066