Target Energy Ltd. announced consolidated earnings results for the half year ended December 31, 2016. For the half year, the company reported revenue from continuing operations of AUD 360,491 against AUD 1,349,171 a year ago. Loss before income tax expense was AUD 1,182,389 compared to AUD 7,794,315 a year ago. Net loss after tax was AUD 1,182,389 compared to AUD 7,794,315 a year ago. Basic and diluted loss per share was 0.11 cents compared to 0.76 cents a year ago. Net cash used in operating activities was AUD 398,333 compared to AUD 927,666 a year ago.