awe&nwe targeting the same shale, page-7

"Shale gas areas are often known as resource plays[5] (as opposed to exploration plays). The geological risk of not finding gas is low in resource plays, but the potential profits per successful well are usually also lower."

Excerpt from Wikipedia when i was investigating shale gas a year ago. The above description best offers the explaination why shale is all the hype. In an uncertain market what you prefer is a bird in hand than two or even ten in the bushes.

With regards to NWE, apart from Puffin royalties they have projects that are focused on high probability hits which hold moderate to high resources. Puffin alone is 3c/share. Along with a focused management NWE should be trading twice this price.

Also noticed plenty of buying in the 2.7 zone with plenty of accumulation as chartwise we have hit support and bounced on reasonable volumes; which signifies respect for support level of 2.7c.

We shall continue to observe but don't be surprised NWE to bounce to 4-5c alone on simple updates and announcements after the market remains calmer