Ann: AWE's Perth Basin Shale Gas update , page-25

I decided to take action and take a loss and put my money in another stock which I expect holds greater promise than AWE.

Yesterday I sold out at $1.74 and bought into Sundance Resources and also Adelaide Resources.

Although the price of oil is rising many of the Aust oil companies are not rising similarly.

I also have a holding in Nexus which may prove valuable because of corporate action rather than with the drill bit.