Around 87 feet of gross hydrocarbons over five formations were encountered in the secondary targets of the first well, Snell Heirs 6-13 l. The primary objective, Caney Shale, then intersected a gross thickness of 174 feet of which 78 feet (45% of the formation) has been perforated, acidised and fracced.

Well number two, Snell Heirs 7-13, also encountered hydrocarbons in both primary and secondary targets. The secondary targets encountered 197 feet of gross hydrocarbons

over nine formations while the primary objective Caney Shale, intersected a gross thickness of 170 feet of which 97 feet (57% of the formation) has been perforated, acidised and fracced.

Following the successful fraccing of the primary objective in both wells, Tomahawk is

now awaiting for the wells to retrieve the treatment water and begin flow testing gas.

“Initial flow testing results will be known within the next 14 days and these will provide

an indication of the deliverability of the Caney Formation and its commercial potential,” said Tomahawk chairman Tony Brennan.

“In addition to the program for three more wells in the vicinity, the project team is evaluating

the potential to drill shallow wells into the shallow secondary objectives of both

Snell-Heirs 6-13 and Snell-Heirs 7-13 with the intention of bringing these secondary

objectives into production from another well bore.”

The Snell-Heirs 6-13 and Snell-Heirs 7-13 wells are the first two in an initial program of five

wells where Tomahawk is funding all drilling and completion costs to earn a 75% interest

(56.25% after royalties) over 200 acres, reducing to 50% (37.5% after royalties) once all

expenditure has been recouped. The remaining 3 wells are scheduled to be completed this

calendar year.