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.

Hardly any sells so far today ,on the way back up!

Looks pretty strong on level 2. I think we should see a further tick up soon.

Massive buying today, not really sure what the MMs are doing as they shall be really short of stock when the expected RNS arrives, which is better for all us holders as the price shall have to shot up, and a reasonale bid price in the 20's will have to be offered to get some to part with their shares

Meeting is today, with a bit of luck there could be an after hours RNS or one tomorrow morning. - well doesn't hope to wish, fingers are still crossed for a fantastic RNS as the potential is certainly there for it.

good luck all

Tokyo

Tomorrow morning should be exciting with news possible at any time!

Ominously quiet on here today, funny thing nerves before a big moment - my daughter has them before her school play every night currently (and she's only in the chorus) - the Wizard of Oz all about the Emerald City. Ah, but that's a story for another Columbian thread.

Good luck all holders. I've added on the recent dip. Here's to the long-awaited RNS - tomorrow?

sd

stockdog, was thinking the same thing, about quiet I mean not about your daughter, bless her, lol.

Surely they haven't all gone to the meeting???????????

p.s.- good luck all holders, fingers xxd and all that....

I think the quietness of the thread is indeed proof that its been a great discusion centre, and one of the reason I invested in Chaco @ 8p(obviously followed up with my own research!) Good luck everybody, although I feel luck is not required, just patience and time. Anybody from Chaco reading this thread....bring it on.

Should be an interesting day- expecting news later in the day.

It's looking good.
2517

theres a rumble in the jungle...

News must be out there somewhere, good luck to all holders and hope that this is the one we have been waiting for! :-)

looking good...

This could finally be the rumble we have all being waiting for..........

perhaps a midday annoucement when Colombia opens??? Failing that we know it's next week.

The research is done. The money invested. Now we just wait for the dealer. It could be a slow hand to tease or a quick one to surprise. Either way, the very best of luck to those at the table.

Strawbs.

Somebody is expecting news!! time to dip out and wait?

Hell of alot of buying, meeting took place yesterday

Time to wait and see!!

Theres news, got to be, somebody must know?

May be time for a shake out, hang on tight, the news should reward all holders soon.
2517

Spot on GEORGE ,a bit of a shake and then MM`s buy 100,000 shares .