In the recently completed five well program, Tomahawk found hydrocarbons in both primary and secondary objectives in all five wells.

These new wells, to be drilled in November and December, will be adjacent to the Snell Heirs 8-13, 2-19 and 3-19 wells. The wells are intended to allow development of the secondary objectives as these can be brought into production almost immediately. The primary objective – the Caney Shale – could take several months to frac and bring into production.

Each of the wells is expected to take about seven days to reach total depth. They should cost about US$285,000 per well, according to Tomahawk executive chairman Tony Brennan.

“Success from drilling these additional wells could put tomahawk in the position of having eight producing wells by the end of the year, six months within listing on the ASX,” Brennan said.