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.

Further news on Colombia would be a bonus before the new shares are admitted on Tuesday!

This is my selection for the "UPS" next week CHP

Share	Volume	Chart	News	Various
CHP price 6.95p	Very large volume last Friday about 4 times the usual	MACD just crossing on the way up, a double bottom is being form, next stop around 8p+	The placing at 6p last week to raise 5M to fund Repsol joint venture in Colombia, was well received by Institutions only needed 10% discount to get it out	High expectations on last deals in Colombia's Putumayo Basin and Paraguay as Oil is already there

M P H

I notice WDBM have reversed their position, have you any thoughts on this, I assume its either an error or something to do with the placing, you can email me if you like

Stewart

Master, I assume your opening price should have been 6.95p, but good start to the day

Stewart, I expect he's just letting a bit of stock go for his market makers books. He has been a seller briefly before but soon shifted when there was any sign of larger buys going through him.

Nothing to be concerned about IMO.

Also End of Month ?

True bhunt. The MM side is probably squaring off a few shares.

EVO ticked up to 7p bid. He's been keen to buy lately.

WDBM back on high bid. Normal service resumed.....

now 7.2 - tick - tick - now 7.25

Something must be going on behind the scenes boys and girls, sells outway buys and price goes up, what the cluck is going on.Do we know at what price the placing went through, everyone keeps saying 6p but has that been confirmed by anyone.Why would the price go up if no good news was about to be announced,it always amazes me how certain people get prior information.

pisces, the 6p placement price is official it was announced in an rns last week.

WDIK, PDYOR.

camlad

8 p today would be nice!

Ask and you shall receive

Chaco ch4 v3

CHP 7.90p +0.95

doing well today reasons...

The earlier comments, made a picture

A VERY nice 250k MM buy gents.

Real price squeeze at the close...

MasterRSI,charting alone doesn`t push a price up,something is obviously going on behind the scenes,i suggest a statement will be made in the next couple of days adding creadence to the rise, unless what are showing as sells are actually buys.Will be interesting to see if any protected buys show after 4.30pm today.

pisces - think you'll find a lot of the trades you're looking at are buys - working orders..

Over 8m traded today including a 1m buy at the end.
Not bad for a tiddler.

Anyone heard from Sharesure?
He's missing his moment of glory!!!