AWE Limited

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Presenting a powerful energy double with the big swingers in Australia's natural gas market - Beach Energy (ASX:BPT) & AWE Limited (ASX:AWE)

WHL Energy (ASX:WHN) (OTCMKTS:WHLRF) well positioned to feed gas hungry Australian market Economists and energy analysts are forecasting a major gas shortage and an associated leap in gas prices along the east coast of Australia.

Asian Activities Report for December 12, 2011 includes: Skyworth Digital Holdings Limited (HKG:0751) recorded significant year-on-year growth of 188% and 190% in sales volume of LED LCD TV; NTT Data Corporation (TYO:9613) will initiate the integration of its regional group companies in North America and South America in January, 2012; Toyota Tsusho Corporation (TYO:8015) has signed an agreement with AWE Limited (ASX:AWE) to acquire two equity interests in gas projects in Australia for a cash consideration of A$80.125 million.

The Australian share market closed lower on Friday hit by National Australia Bank and Telstra. At close, the benchmark S&P/ASX200 index fell 19.8 points, or 0.42 per cent, to 4650.5 while the broader All Ordinaries lost 17.7 points, or 0.38 per cent, at 4671.9. The Australian dollar fell to a fresh 10-week low on Friday and closed at US$0.8888.

Wall Street closed mixed overnight as investors took profits after a massive gain in previous session. US shares mostly fell earlier in the day, but rebounded towards the close. Analysts said that market sentiment remained bullish.

Yesterday the Australian share market was bolstered by favorable local and overseas economic data. The benchmark S&P/ASX200 index gained 60.9 points, or 1.56 per cent, to 3955.3 points, while the broader All Ordinaries index surged 60.2 points, or 1.55 per cent, at 3948.1 points.

The Australian share market closed marginally lower as financial stocks plunged. The benchmark S&P/ASX200 fell 14 points, or 0.4 per cent, to close at 3465.8, while the broader All Ordinaries was down 11.4 points, or 0.33 per cent, to 3405.0. Analysts said it will be difficult for the market to rally as the previous two weeks. The rise in the period took the S&P/ASX200 index up by more than 10%.

Australian Worldwide Exploration Limited, (ASX: AWE) on behalf of its wholly owned subsidiary AWE New Zealand Pty Limited ("AWE"), is pleased to announce the formal go ahead for the development of the Tui Area oil project.