Target Energy Limited provided an operations update on its Fairway Project in West Texas. Drilling at Wagga Wagga #2 has concluded with the well reaching Total Depth at 2,984 meters (9,790 ft) on April 30, 2014. Preliminary analysis of wireline log data confirms that the well has encountered potential pay in the Wolfberry section and Fusselman Carbonate.

The well is to be completed as an oil producer, with production casing presently being run. On release the rig will move directly to the Homar #1 location. As announced on March 26, 2014, a four--stage fracture stimulation program of the Wolfberry section in the BOA 12 #3 well is currently underway.

The program extends over a 225 meters (740 ft) interval, using approximately 15,000 barrels of load water. The well is presently being flowed back. Plans for testing of the Fusselman on the BOA North #4 well are advancing with work expected to commence within the week.