awe to buy more of the bassgas project

We have gone very quiet.

AWE to buy more of the BassGas project Australian Worldwide Exploration Limited (“AWE”) and CalEnergy Gas (Australia) Ltd ("CalEnergy") have entered into arrangements under which CalEnergy will sell its 15% equity interest in the BassGas Project (T/L1 and T/RL 1) for a total consideration of A$80m.


Last five days of shorting percentage vs total turnover;
10/11 12.2%
09/11 9.7%
06/11 22.4%
05/11 27.8%
04/11 11.8%

Today's spike appears to shorts covering. $2.80 will close a recent gap.