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.

I'll second that stockdog, theres a lot riding on it for me too.

Peter

Blue Index are ramping these

Thought blue index cfd larger stocks.

So did i

Splat,

What do they say about them ?

Better to be in tonight than out in case the RNS comes early tomorrow!

I'd rather it came right now!

hmmm might invest more from some of my DGT profits.... hope this one comes good. No pressure sharesure ;)
lol I'm sure however this one turns out, most of the regular posters here are acting in good faith... cant say the same for other BB!

I'm with you Stockdog...I'm sticking with these and have even topped up with a 25,000 share purchase today.
In one of MPH's previous posts, he summarised that Chaco was worth 4p for Paraguay, 14.9 - 19.5p for Alea, and 3.1p for Puerto Lopez....That's 22.0 - 26.6p without Primavera. No doubt any bad news would depress the SP short term, but the current assests alone should support the current price and more in the longer term.
Good Luck to all holders....see you all in Goa!!!
LL

Sharesure
I also understand that the RNS is imminent but understand it may not be possible to quantify the amount of oil.You said the RNS will be positive in which case do they not have to at least estimate it?

Stockdog re#1970 Thank you for my online appraisal! Feedback as follows using your numbers:
1. Totally agree with you; thank you.
2. True.
3.If I was selling you'd know because as you might expect I hold quite a few of these. If I had some spare cash right now I would be stuffing my boots with them even more.
4. There is no news - good or bad. All that remains is for the Hydrocarbons Minister to endorse his dept.'s decision. As near a certainty as one can get, but until the paper is issued there is always the small chance of an upset but nobody I know is reckoning on that happening.
5.There is no harm in 'shakes'; I'd rather a new raft of shareholders join in than have less committed shareholders still around.
6. I am as certain as I can be that this is going to turn out very well, not just on Primavera, but on subsequent projects.

Bodeng re#1981 : I am certain that nobody from the company is allowed to say what they believe is in the Primavera block no matter how excited they are about its potential. Wait for the announcement and look out for what others close to it are more free to say and then decide if those people have a track record of being accurate.

Cheers Sharesure - and thanks for all your informed views.

Never in the history of human investing has so much been stacked by so many on one little RNS.

We will buy them in the hills, we will buy them on the beaches . . . .

gibber, gibber . . .

Thanks Sharesure
Your comments are appreciated.

http://www.ww4report.com/node/1714

Bolivia's government plans to study how to buy back majority stakes in public service companies - including oil companies Chaco and Andina - that were partially privatized in the 1990s, development minister Carlos Villegas said in his ministry's newsletter.

The government will search for a means to obtain 51% stakes in the privatized firms so it can name their board members, Villegas said.

The government of President Evo Morales is seeking to take control of 10 companies partially privatized

over the past decade, local press reported.
The companies include national carrier Lloyd Aereo Bolivia (LAB) and telecoms operator Entel.

Petrolero Chaco is currently controlled by Argentine firm Pan American Energy, in turn controlled by the UK's BP (NYSE: BP) and Argentina's Bridas, while Petrolero Andina is controlled by Spanish oil company Repsol YPF's (NYSE: REP) local unit.

The government has said it will initially look to buy shares in these companies but if necessary could pursue other means to wrest control away from foreign investors.

The state would also like to control these companies' investments, the taxes they pay and staff wages, Villegas added.

Morales was elected on a pledge of ensuring greater Bolivian control of its assets, in particular its natural resources.

WSLS

Uwin-WHAT A PLONKER !!! THIS IS ABOUT BOLIVIA .

Plus it's not even the same company.

Ulose - how come you can even afford a computer if that is a serious attempt at research! fletch61 & blackdown have said it all.

UWinSomeULoseSome is de-ramping on other boards as well. In fact its Bolivia that has created a shortfall in the supply of gas, by effectively turnig off the tap, to the main growing South American economies like Brazil.

This is highlighting the gas opportunity in Paraguay with its benign political environment. The gas pipe infrastructure already exists accross SA thereby making any discoveries of gas relatively easy to distribute.

made some spare cash and topped up today. the only way is up[ fingers crossed]

Robert, will you make me some too.