For those who may not have caught the announcement yesterday;
This company (imo) has a long way yet to move much higher, watch and see. The Directors of Tomahawk Energy Limited (ASX:THK) are pleased to announce that the fourth well, the Snell Heirs 2-19 has reached total depth of approximately 3,900 feet and has encountered gas shows in several secondary objectives and had significant gas shows in the primary objective the Mississippian Caney Shale. This is now the forth consecutive well to return gas shows in both the secondary and primary objectives. The significance of these shows can only be confirmed after running a full suite of electric logs. The wellbore is currently being conditioned to run logs which will be evaluated and released over the coming week. The third well in the program, Snell Heirs 8-13 is being prepared to be brought into production with perforations of one of the secondary objectives, the Jefferson Sandstone being carried out this week. An 8 feet net pay of gas-saturated sand has been identified on electric logs and during drilling at the top of the Jefferson Sandstone. Should you have any queries regarding this announcement or any aspect of the company’s development please contact the undersigned on +61 8 9267 4210.
As always read below
THK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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