The company will be chaired by experienced minerals professional Tony Brennan, the current chairman of Gleneagle Gold and former managing director of Kilkenny Gold and the successful Mount Edon Gold Mines, with Frank Brophy and Garry Ralston on the board as non-executive directors.

Formed out of the shell of Providence Capital the company will use the funds top target several oil and gas leases in Oklahoma in the US by participating in an initial five well program, with the option to participate in a further three drilling program.

The wells will be located in Okfuskee County, Oklahoma, where two separate and established play systems will be tested as part of a drilling program. All the wells have been defined using existing subsurface data, electric logs, driller’s logs and completion reports. Each well is ready to drill without the need to expend further money on appraising the respective wells.

By participating in the drilling of five wells as part of drilling program I, the company will

earn 200 acres (being 40 acres surrounding each well bore drilled in drilling program I).

After drilling program I is complete Tomahawk has the right to participate in drilling program II with Metro Energy.

Similarly, following completion of each successive drilling program, Providence has the option to participate in the next drilling program.