NEWS ARCHIVE

Analyst

Australian minnow Tomahawk Energy has a 100% success rate with its first two wells in Oklahoma, Snell Heirs 6-13 and Snell Heirs 7-13, both beginning commercial production with greater than expected flow rates. The company has now sought a voluntary suspension from the ASX due to its negotiations on a corporate transaction. Before the trading halt shares had rocketed to a peak of 80 cents before resting at 72 cents.