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.

There we go, first purchase at 13p

20p, here we come

ellio, You will be right; I thought we'd have to wait until after the RNS for that but maybe we won't have to. This rise must prompt a statement soon?

Profit taking

MM's need some stock from somewhere. Give it a shudder to get the short termers running.

A lot of AT trades being hit. MM picked up shares before the big move.

i made a mistake i sold 1500 @ 15p instead of 15000.

Things seem to have steadied for the moment,what a run that was! If this is the reaction to a share placing just think what any good news will bring,have to agree with sharesure these could possibly double in a week.Good luck to all holders.

This looks like a lull to shake out the day-traders. My money's on another push later in the day as with the prospect of comment in the FT and Sunday press this may might start next week at a much firmer price.

Absolutely Sharesure - don't want to be out for the weekend. Everyone's talking news in the next week or more, but as we know, markets like to surprise and things can happen sooner. Institutions know they have a deeply discounted share at 11p.

aldwick

that is a blessing, not a mistake!

Damn abd blast - I dithered over adding more this morning - decided against it and went out.

Just got back having decided that I should have bought more - and now look at it - bugger

Well done you guys who added

Baza

Your chance hasn't gone Baza, it was up near 25% earlier!

Added a few more this afternoon , if news does break out next week with no doudt i am sure the price will rocket , still time to get in before it takes off.

for give the ignorance, i am a mere amateur player but can anyone tell me what the letters O, L, AT mean when looking at trades please. thought i'd missed my chance at 12.4 y/day[broker trouble] but am happily sitting on the bandwagon. i would like to thank the professional players for their comments as they are really useful[and the banter is amusing too].

o is an ordinary trade
L is a limit price
AT is an automatic trade,
from another amateur
good luck with chp not that you will need it

Click on help top right hand corner, and then click on trades.

thanks guys :-)

Has anybody got level 2 figures , it looks like a .1 spread.

L2 1 (blue) v 2 (red) : 14.2 v 14.4