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


ORDER
(Section 127(1) & 127(8))


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

      AND WHEREAS on January 16, 2008, the Commission ordered that the Temporary Order shall expire on the 15 th day after its making unless extended by order of the Commission;

     AND WHEREAS on January 18, 2008 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on January 30, 2008 at 2:00 p.m;

      AND WHEREAS Staff of the Commission (“Staff”) have served all of the respondents with copies of the Temporary Order and a Notice of Hearing as evidenced by the two Affidavits of Wayne Vanderlaan sworn on January 24 and 29, 2008, and the two Affidavits of Diana Page both sworn on January 21, 2008, and filed with the Commission;

      AND WHEREAS a hearing to extend the Temporary Order was held on January 30, 2008 at 2:00 p.m. before Vice-Chair Turner and Staff and Grossman appeared;

      AND WHEREAS Shallow Oil, O’Brien, Da Silva, and Gahunia did not appear;

      AND WHEREAS Grossman contested the extension of the Temporary Order;

      AND WHEREAS the hearing for the extension of the Temporary Order was adjourned to January 31, 2008 at 10:00 a.m. to be heard before a panel of Commissioners (the “ Panel ” );

      AND WHEREAS the Panel considered the evidence and submissions before it;

      AND WHEREAS pursuant to subsection 127(8) satisfactory information has not been provided to the Commission by Grossman within the fifteen (15) day period following the issue of the Temporary Order;

      AND WHEREAS pursuant to subsection 127(5) of the Act the Commission is of the opinion that, in the absence of a continuing cease-trade order, the length of time required to conclude a hearing could be prejudicial to the public interest;

      AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

      IT IS HEREBY ORDERED pursuant to subsection 127(8) that the Temporary Order is extended to March 31, 2008; and

      IT IS FURTHER ORDERED that the Hearing is adjourned to Monday, March 31, 2008, at 2:00 p.m.

      DATED at Toronto this 31st day of January, 2008.



 

“James E.A. Turner”
James E.A. Turner
“David L. Knight”
David L. Knight, FCA