LONDON (AFX) - Chaco Resources PLC said it is proposing the reverse takeover
of two Paraguayan companies -- Amerisur SA and Bohemia SA -- from Candey SA and
Daniel Sztern in exchange for 27,322,404 new ordinary shares in the company.
It also plans to raise up to 750,000 stg before expenses in a placing of
36,585,365 new ordinary shares.
The company's shares were suspended on Sept 3 and it said it expects this to
be lifted today. It has called an EGM for Nov 15 to approve the acquisition and
placing plans.
Amerisur holds two oil and gas prospecting permits in Paraguay and is the
registered applicant for exploration and exploitation concession contracts over
the same permit areas. Bohemia holds registered applications for an oil and gas
prospecting permit in Paraguay and for an exploration and exploitation
concession contract over the same area.
The exploration areas covered by these three applications comprise a total of
approximately 48,000 square kilometres of the Curypayty and Parana Basins.
Chaco said these basins extend respectively into Bolivia and Brazil, where
commercial oil and gas production has been established for many years from
similar geological sections.

the market considers Chaco to be more or less fully valued at its current stage, 7p ?

aldwickk, think a few of us, including CHP's mgt. and brokers like WDBM would disagree with that valuation. The market has yet to catch up on this one, but it will eventually.

ssue of Equity

RNS Number:9811V
Chaco Resources PLC
20 December 2005


CHACO RESOURCES PLC

Issue of Equity



The Company announces it has issued 1,000,000 ordinary shares of 0.1 pence to
Expet S.A. as consideration for introduction services in Colombia rendered to
the Company. These shares are expected to be admitted to trading on AiM on 21
December 2005.

hmmm thanks for posting stewart

Sharesure
Do you think the 1 million shares means we will get the third application?

Actually, MPH, don't think those shares are likely to end up being sold at this stage. Expet know very well the prospects here, after they are party to alot of what is going on with other CHP TEA applications.
On a different company, I think CDS' drilling in Chaco basin in Paraguay has been successful but news on the extent of their oil strike will not be announced until the New Year, for both evaluation and timing reasons.

Sharesure, what a great move by CHP. By giving Expet some shares they automatically ensure Expet won't make a move that could be detremental to CHP's share price. It may only be 1m units, but a ten fold increase over the long term will net expet a nice return.

I think pretty shrewd by Expet - I wonder what they know - 70k worth of invoices - reduces cash flow to CHP (bound to have negotiated a discount for shares) and could potentially turn into 10 times that amount.

I think that is a really positive comment bein made by Expet.,

Sharesure
Why do you think the drilling has been successful-I hope you are right!

Should CDS drilling had been successful the sp would have moved, the delay is because of bad news they do not want to release yet.

nkirkup,

Cobblers! If they had bad news they have no choice but to release it, they
cannot keep price sensitive news await from the market.

cc.

Wrong nkirkup, if the drilling is unsuccesful they are obliged to inform the market immediately. If however the drilling is successful there will be a delay while the extent of the find is verified.

Think your both wrong, remember NOP, they delayed the bad news RNS.

"are obliged to inform the market immediately" i think the time limit is 24 to 48 hours, good or bad if it is price sensitive.

Some more buys coming in for CDS!

CDS are allowed to evaluate the results so that they do not give themselves a problem of later having to retract earlier ambitious claims (Regal Petroleum is still making everyone that much more cautious). If the well had been dry this would have been the week to release that sort of news since most investors are not watching events as closely as they will be after the Xmas/New Year break.

Remember target drilling depth reached on the 15th Dec, that's been 6 days now and no news.

Large volume on CDS today and good day for Chaco.

Nice to see a bit more positive trading activity in this share today - and its not even lunch time

For release at 13:00, 22 December 2005


CDS REACHES PLANNED DEPTH IN FIRST WELL IN PARAGUAY



LONDON, England: 22 December, 2005 - CDS Oil & Gas Group plc ('CDS'), the
AIM-listed oil explorer (CDS.L), is pleased to report that it has reached the
planned depth of 1,635 meters on its first well in the Chaco region of Paraguay.
The well has been cased and suspended for testing at a later date.



The well, which was spudded on November 25, 2005, is located 200m south-east of
the Independencia 1 well drilled in 1993 on the Gabino Mendoza block, which was
in turn a re-entry of the Mendoza 1-R well drilled by Pure Oil in 1959. The
primary objective of the new well was a potential oil-bearing zone between 705
metres and 1,600 metres, identified by CDS through its interpretation of seismic
data and the well logs of previous drilling operations.



Early results have indicated the presence of hydrocarbons at various levels
within the well, but are as yet inconclusive. CDS is currently engaged in
analysing the drilling logs and the results taken from sidewall cores to
ascertain the potential of the well. Further information will be provided in
due course.



James Wade, President and CEO of CDS, said: 'There are encouraging indications
from this well. However there is still a great deal of work required before we
can confirm the quality and quantity of the hydrocarbon indications we have
encountered.'

ANYONE with any technical knowledge care to estimate the chances for Chaco?