ego, awe proximity

The more I research this little company, the more I like it. Just took a small position this morning. After combing through AWE announcements on the Perth Basin region and looking at other potential proximity plays near the EGO excitement of late, this company IMO has the better combination of potential short term buy activity with good Mid-long term holding prospects.

There recent announcement regarding funding exploration via a Cap raising gives me more confidence in the companies value over the 100% DR 11 tenement rather than it entering into a farmin/out agreement such as on EP 455.

A combination of looking at AWE's proposed near future exploration plans near Woodada Deep-1 and their projected shale regions showing both Carynginia shale and Kackotea Shale overlapping WGP's DR-11 tenement. A couple of AWE announcements worth looking at are 9/11/2010 "Perth Basin update" and "9/11/2010 interim profit". Carynginia through Woodada Deep they are excited about and Kackotea they are testing further for potential oil and wet gas values... Note find the DR-11 locality map and superimpose it onto the AWE zones..

Although EGO's Red Gully is quite away from this WGP tenement I suspect that increased interest in the Perth Basin companies should attract / has attracted more investors to the region...

I'm not big on speculating numbers here but with such a small MC against potential overlapping resources and near future exploration plans I'd expect this might become the next Proximity spin off playpen for researched investors as other companies in the region that I've looked at appear to have their pros and cons but where the risk/reward comes into it I prefer WGP.. With both AWE and EGO announcing WGP's recent announcement I'd say there would be allot of new EGO eyes on here looking for opportunities..
I'm not a pro so Do your own research...