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.

Bridge Petroleum and Westech Energy have struck gas with their onshore Taranaki Radnor-1 well, offering Methanex a possible lifeline for its New Zealand methanol operations.

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