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.

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.

8.20am-8.30am mini shakeout happening, hold on tight boys and girls.

first pullback to get some stock. The buys v sells speak for themselves.

Trying to get TDW to fill my order today....taking a bit of time and still not done. Couldn't get a quote...lord knows what market price I'll get. A lot more upside I hope.

Exciting week(s) ahead.

This is rather nice - having my breakfast with the CHP 'Trades' screen open in front of me! Isn't blue a lovely colour!

250mm purchase at full offer

Apologies, my Level 2 seems faulty will postpone updates until its sorted.

Anybody like to predict a closing price today,im`e going to guess at 13p.Good game though especially when it`s making you money.

Its 2 v 1 Bid 12.3 Offer 12.5

2 x 1,000,000 trades gone throught from 8.00 both buys

Its moving so quick

MPH congratulations on now being 5th in Shares Mag. competition. You haven't by any chance stuffed it all on Chaco by any chance!!!!!?
As for an end of day prediction, maybe 3-4p rise; if the Primavera news is formally announced then a much larger gain - sp of 30p, poss. more?

Bloody hell sharesure, now that would be nice.Unfortunately iv`e got the old flu today ,shucks i`ll have to sit and watch my chaco screen all day.