Proceedings

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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c.S.5, as amended

- AND -

IN THE MATTER OF

SHALLOW OIL & GAS INC., ERIC O’BRIEN, ABEL DA SILVA, GURDIP
SINGH GAHUNIA also known as MICHAEL GAHUNIA, and ABRAHAM
HERBERT GROSSMAN aka ALLEN GROSSMAN

NOTICE OF HEARING
Section 127(7) and 127(8)


        WHEREAS on January 16, 2008, the Ontario Securities Commission (the "Commission") issued a temporary cease trade order pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") ordering: that all trading in securities by Shallow Oil & Gas Inc. shall cease; that all trading in Shallow Oil & Gas Inc. securities shall cease; and, that Eric O’Brien, Abel Da Silva, Gurdip Singh Gahunia, also known as Michael Gahunia, and Abraham Herbert Grossman, also known as Allen Grossman, are ordered to cease trading in all securities;

        TAKE NOTICE THAT the Commission will hold a hearing pursuant to subsections 127(7) and (8) of the Act at the offices of the Commission, 20 Queen Street West, 17th Floor, Small Hearing Room, commencing on January 30, 2008 at 2:00 p.m., or as soon thereafter as the hearing can be held;

        TO CONSIDER whether it is in the public interest for the Commission:

        1) to extend the Temporary Order pursuant to subsections 127(7) and (8) of the Act until the conclusion of the hearing, or until such further time as considered necessary by the Commission;

        2) to make such further orders as the Commission considers appropriate;

        BY REASON OF the facts recited in the Temporary Order and of such allegations and evidence as counsel may advise and the Commission may permit;

        AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;

        AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to further notice of the proceeding.

        DATED at Toronto this "18th" day of January, 2008.

" John Stevenson "
John Stevenson
Secretary