AMER.L Regulatory News (AMER)

11 May 2007 09:03

Chaco Resources PLC11 May 2007 Chaco Resources plc ('Chaco' or 'the Company') Exercise of Options Chaco Resources plc (AIM:CHP), the oil and gas explorer and developer focused inSouth America, announces that on 3 May 2007, Victor Valdovinos (RegionalDirector- South America) exercised 1,000,000 ordinary shares of 0.1p underoption at 3.5p, which are expected to be admitted to trading on 17 May 2007 andwill rank pari passu with the existing ordinary shares of the Company.Following this, Victor Valdovinos will hold an interest in 1,000,000 shares,representing 0.18% of the issued share capital. Ends For further information, contact: David Seal, Blue Oar Securities 020 7448 4400 Billy Clegg/Caroline Stewart 020 7831 3113Financial Dynamics This information is provided by RNS The company news service from the London Stock Exchange