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.

Bodeng, you asked how the MG email squared with MPH/my information on timing. As with the previous applications Chaco is in the hands of civil servants; unless its application gets up the agenda at the meeting before they decide they have done enough for the day it seems that it then gets deferred to the next meeting which at this time of year is monthly. Notification of any competition for an application does seem to be apparent straight after the expiry of the 30 day period (in this case c.16/1/06). I don't think Chaco are aware of any competition this time. Around 23/24 Feb could be the time for an RNS, but as with previous applications I don't think anyone can be absolutely certain of the timing, only that patience has tended to be rewarded.

Sharesure
If it is 23 Feb this could be about the time of the CDS results in Paraguay!

Some reasonable buys coming through this morning ticking the price up will be interesting to see if they push the bid up to over 12p.

Not an awful lot going on today, apologies bodeng if I have missed a post addressed to me.

MPH
Answered well by Sharesure.

Things holding up remarkably well given the absence of any substantive information from the company.

I am amazed that the sp did not fall on the 2mil sell,unless it was a buy?,any comments

capetown, the 2million sell is what probably held the price back in the first place otherwise we could have seen 12.2-12.4.

T If reporting a protected transaction.

GR8 news,did not think about it the way you just explained,thankyou.

thx pisces

That T trade was a Buy from an order placed much earlier today. I know because I know who bought them.

SHARESURE,
Learning all the time here,why is it showing as a sell if it is a buy,are you refering to the 2mil trade?,many thx

capetown - 06 Feb 2006 20:31 - 1545 of 1545
SHARESURE,
Learning all the time here,why is it showing as a sell if it is a buy,are you refering to the 2mil trade?,many thx
=================
capetown - 21 Mar 2005 21:29
evs seems to be on its way to 10pence!!??
================


STILL LEARNING AFTER A YEAR??????????

ROTFLMFAO!!!!!!!!!!!

We know youuuuuuuuuuuuuu!!!!!!!!!!!

BLINGER i intend on learning for the rest of my life

AHT 7 pence now 202

any views on canterburry foods guys,and gals CBY capetown capetown 06 Oct 2005 06:46 5 5 Y
dwm DWM capetown capetown 10 Jul 2005 13:34 1 1 Y
is this one worth alook CBY capetown unknown 31 May 2005 22:17 1 1 Y
ddt DDT capetown capetown 28 Mar 2005 10:21 3 3 Y
idd IDD capetown unknown 22 Mar 2005 07:00 1 1 Y
envesta EVS capetown FONTY 22 Mar 2005 00:52 3 3 Y
whats happening idd?

Capetown, A T trade is one where, because of the size of the order and the time it may take the broker to complete it, the buyer or seller wishes to keep their order anonymous until it has been completed. The 2m shares were bought as a result of a conversation I had with a colleague early in the day when the sp was lower. I don't know for sure yet whether any of the other reasonably sized later orders were also his or those of his associates.

Thankyou very much Shaesure,
I got in @8.8,so am very exited,and find your posts very helpfull.

A nice steady day like yesterday would be good!

Chaco Resources PLC
07 February 2006



CHACO RESOURCES PLC

('the Company')

Holdings in Company

The Company received notification on 2 February 2006, that Henderson Global
Investors Limited, acting as agent for its discretionary clients now hold
(either directly or indirectly) 29,000,000 ordinary shares representing 5.87 per
cent. of the issued share capital.