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Level 3 - ENLSELSW
The answer to this puzzle is:
Words: SNELLS, SWELLS, LENSES, SELLES, NEWELS, LESSEN, SLEWS, SNELL, NEWEL, ESNES, LENSE, LENES, SEELS, WEENS, LESES, SELLE, ELLS, ESNE, SEWS, EWES, SLEW, EELS, NESS, SEWN, LEES, LENS, SEES, EWE, NEE, WEN, WEE, SEN, LEE, LES, EEL
Bonus words:
SNELLS, SWELLS, LENSES, SELLES, NEWELS, LESSEN, SLEWS, SNELL, NEWEL, ESNES, LENSE, LENES, SEELS, WEENS, LESES, SELLE, ELLS, ESNE, SEWS, EWES, SLEW, EELS, NESS, SEWN, LEES, LENS, SEES, EWE, NEE, WEN, WEE, SEN, LEE, LES, EEL