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.

Alfred, thanks for the kind words, but in truth you and ShareSure are the stalwarts of this share and BB. Thank you both for sharing all your great info and insight.

May we all have a successful & prosperous 2006 with CHP.

WDIK, PDYOR.

camlad

Article in Sunday Telegraph
Chaco Resources

There is still time to get into Chaco Resources (10.2p), the small oil company exploring in Colombia. The company has already won the rights to two oil fields in the country, the first is expected to yield 38m barrels of oil and the second around 10m. Either of these fields alone could justify a higher share price than the current valuation.

However, the market is now rife with rumours that the company is poised to announce that it has won a 55 per cent stake in a third, much larger field estimated to contain upwards of 400m barrels. Colombia has long been a no-go area for independent exploration with only the majors such as BP able to operate in the country which has suffered from a long-running uprising in rural areas.

The secret to Chaco's success seems to be the help of a former BP man, an expat who spent years on the oil giant's exploration programme and knows where to drill. Buy.
Thanks Stewart.Looks great for Monday!

I've listened to the interview and read the Times and Telegraph articles, all positive.I dont like people ramping up the share too much, its a bad play in the long term but I dont mind when the newspapers are doing it for us!

shankly

Ramping is talking something up without justification.
No-one has ever ramped chaco on this board

Gow

bodeng - thanks for Telegraph update. Nothing in the Sunday Times today that I can see.

Greyhound. It was in yesterdays Times

If the Times and S Telegraph items are available online, could someone provide the links, please. Thanks.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/01/29/ccmm29.xml#2

Greyhound, Sunday Times is worse than useless for small stock recommendations.
Sun.Tel. and Sunday Mail are usually the best two; The Sun. Mail have not discovered this stock yet.
Shankly, Agree with Alfred, this thread isn't about ramping the stock. Nothing on here so far has failed to materialise other than we are still awaiting formal notification of the third Colombian deal; and that is just down to the process going at a slower speed than we'd all like.
Camlad, thanks. Hope we end up all doing well on this one. Anyone with any bright ideas for a sequel, perhaps a few months down the line, I would welcome an email.

Thanks Creeper

Have to agree with many others, this is one of the few remaining threads left where people actualy talk sense and don`t overramp. Great interview with two of the board and much coverage in the press over the last week, all pretty positive as well. The chart is looking much healthier at present after the recent breakout but with all the hype and speculation over the last couple of weeks i think 12p-15p could be on the radar very shortly. With vog this is one of the most exciting stocks to play at the moment and good luck to all holders, both long and short term, after all we are all in this to make money.
Sharesure, thanks for your informative posts probably the main reason i have bought and sold chaco on a regular basis over the past year,but the money`s in the bank and bought just under 400000 shares on friday to get back in.My one tiny complaint from some posters ,and this is not a critiscism ,is the abbreviation DYOR.How can someone like myself hope to trawl through figures he doesn`t understand.p.e.ratios etc etc,when the likes of sharesure and many others are doing a much better job at it anyway, in a way i am doing my own research by listening to my peers. Good luck for next week.

Terminal - thanks, saw yesterday's press, just wondered whether it may have got further mention in light of that. Anyway Sunday Telegraph is good enough and once the Mail gets hold of it we could be considerably higher before the masses jump on board.

Sharesure - just relistened to the WallStreetReporter and agree with your comments about the final part being most promising.

Good luck to everone on Monday I think it should be a very good day-cannot guess what the SP wiil be at the close-depends on whether news is out!

Good morning all, lovely weekend's press for Chaco. A superb piece in the Telegraph and an equally smile inducing interview in the wall street journal.

Pre MKT trades going through at 11p-11.5p

Looks like we are set for take off - hold tight gents

Yeehaah blast off!!!!

250k MM purchase @ 12.4

5m buys 477k sells total

And still heading higher....

Emerald also doing great guns this morning for those playing both.