Tomahawk Energy’s second exploration well, Snell Heirs 7-13, has followed the same script as the company’s first well by encountering hydrocarbon shows in its primary and secondary objectives.

The company said that by themselves the results are very encouraging, however when added to the first well, Snell Heirs 6-13, with several potential hydrocarbon bearing zones they hold significant importance for the remainder of the drilling program.

“The early success is well above our expectations but not above those of our partner who has extensive knowledge of the area. We are now two from two and feeling very positive,” said Tomahawk chairman Tony Brennan.

Tomahawk is funding all drilling and completion costs to earn a 75% interest (56.25% after royalties) in a five well drilling program over 200 acres, reducing to 50% (37.5% after royalties) once all expenditure has been recouped.

Additionally, the company has the right, but not the obligation, to participate in Phase II of the program for an additional five wells, Phase III for a further 1,000 acres and Phase IV for another 1,000 acres.

The consistent hydrocarbon shows have added weight to the company’s stock driving it up to 57 cents after listing in July at 24 cents.