Using the HTML5 video tag element for Wowza Streaming Engine streaming URLs can be a bit limited depending on the browser and OS platform you are using. Check to make sure that your browser/platform supports this playback. The latest version of Wowza has the new HTML5 Wowza Player that is supported cross-platform (and is available to users with a valid key).
I also see that your HLS playback format looks to be incorrect. It should be:
http://[wowza-ip-address]:[port-number]/[application-name]/[instance-name]/[stream-path]/playlist.m3u8
Your port-number by default is usually 1935, and can be set from the Virtual Host Setup page. For application name, the pre-installed app is called "vod", and the default instance is "_definst_" (which is optional, but is recommended to use if you are using sub-folders for your VOD content). The stream path is the path and name of your VOD file, and is usually prefixed by either "mp4:" or "flv:", depending on the kind of file. Try playing back the installed sample.mp4 file:
http://192.168.1.59:1935/vod/_definst_/mp4:sample.mp4/playlist.m3u8