DRILLING

Tomahawk makes mark

US-focussed Tomahawk Energy has made a strong debut with its IPO on Friday, with its 20 cent issu...

The company is planning a five well program starting this month

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.

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 1, the company will earn 200 acres (being 40 acres surrounding each well bore drilled in drilling program 1).

After drilling program 1 is complete Tomahawk has the right to participate in drilling program 2 with Metro Energy.

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