NWE update

back in the queue @ 0.027 to add a few additional..

Recent announcement issued on 10 August 2010 states that the proposed farminee had cleared its internal approvals to farm in to TP/15 and EP413. NWE also states that "However it is expected that the necessary documentation will not be executed, and the transaction itself will not close, for at least two to three weeks due to internal and unrelated matters for the proposed farminee"'

We are therefore looking at a timeframe of the week starting 23 August 2010 for an announcement

Another interesting point to consider for a short term trade is that NWE have determined to extend the Share Purchase Plan until 3 September 2010 in order to allow shareholders to "be fully apprised of the farm-out status.....when considering the SPP offer."'

From my perspective, NWE hope to announce the JV partner prior to the close of the the SPP on 3 September 2010. After the SPP, then the shares will be issued within the coming weeks putting a ceiling over the share price imo.. hence why I am in the queue @ 2.7c for an additional parcel

This should be a good event-based trade to capitalise on.

Always do your own research.