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 also known as ALLEN GROSSMAN


ORDER
(Sections 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 15th 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, such hearing to be held on January 30, 2008 commencing at 2:00 p.m.;

      AND WHEREAS Staff of the Commission (“Staff”) served all of the respondents with copies of the Temporary Order and the 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 commencing 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 to consider the extension of the Temporary Order was adjourned to January 31, 2008 at 10:00 a.m. to be heard before a panel of the Commission;

      AND WHEREAS on January 31, 2008, a panel of the Commission ordered pursuant to subsection 127(8) of the Act that the Temporary Order be extended to March 31, 2008; and that the hearing be adjourned to Monday, March 31, 2008, at 2:00 p.m.;

      AND WHEREAS a hearing to consider extending the Temporary Order was held on March 31, 2008 commencing at 2:00 p.m. and Staff and Grossman appeared, presented evidence and made submissions;

      AND WHEREAS the panel of the Commission considered the evidence and submissions made to it;

      AND WHEREAS the panel of the Commission concluded that satisfactory information has not been provided to the Commission by Grossman, as contemplated by subsection 127(8) of the Act;

      AND WHEREAS the panel of 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) of the Act that the Temporary Order is extended to Wednesday, June 18, 2008; and

      IT IS FURTHER ORDERED that the hearing in this matter is adjourned to Wednesday, June 18, 2008, at 10:00 a.m.

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



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