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.

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.

Don't forget CDS -another buy expecting good news in Paraguay!

thanks everyone for all the information and discussion over the last few patient months - very happy to have double my stake last week

sd

Sharesure I may have a few!!!

Mid morning shuffle on L2, same trick as Friday

With the drop in VOG this morning...wonder if there's some VOG selling/profit taking going on to invest in CHP??

Sharesure/MPH
Are you expecting RNS today-I'm thinking tomorrow!

Bodeng, Would rather not try to predict that. Imminent though.

Level 2 :- 3 v 1 Bid 12.3 Offer 12.65

WINS, WDBM and SCAP high on the bid

Seems to be taking a rest, there are some foul mouthed de-rampers on the other board, really annoys me.

Stewart, more fool them if they have shorted Chaco and are now trying to drive it down. Hope they have a guaranteed stop loss in operation, but then again who cares?

thanx for your tip Sharesure.... bought chaco after you mentioned it 4-5 months ago... it's a gem !

Common lets see the 20's -30's :)