Countdown to AWE Election

WHN stated to the ASX that the AWE election was required by the 24th October. That's only 8 business days away.

Normally such business activities are not left to the last minute. A betting person would believe that all is not well and AWE are thinking hard about moving forward.

The November options if converted would have yielded $16 mill and now they are hoping for just $4 mill with the new options. Something tells me there is going to be a big shortfall of cash in WHL Energy even if the new options get the funds. Just think what will be the situation if AWE walk away from the two well commitment in that LeBella permit they have.

Only those with strong stomachs (and high risk takers - maybe BASE jumper types) should stay in this one.