Chancellor Group Inc. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company reported net loss of $403,842. In contrast, the company posted a net loss of $109,637 for the same quarter in the previous year.

On 05/15/2009, Chancellor Group Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Chancellor Group, Inc. announced its intention to evaluate two potential acquisition targets. The company stated that both the targets are producing properties in Texas. Mr. Maxwell Grant, Chief Executive Officer of the company said: "We are in solid financial shape, but this Management consolidation will conserve considerable financial resources which can best be utilized in our program of aggressive well restoration and our intention to target potential acquisitions. We have this week begun evaluation of two separate properties in different areas of Texas. One is producing approximately 20-30 barrels of oil per day (BOPD) and the other 100 BOPD. We believe both have good upside oil and gas potential, subject to completion of our evaluation of these properties. No one is pretending that financing such properties in this climate will be easy, but we believe it may be possible without impacting our current operations, although there is no assurance that this will be the case. We intend to pursue expansion and our policy of well restoration, building production and selling at a profit."

CHANCELLOR GROUP INC/ Files SEC form 10-K/A, Annual Report

Quote: All statements, other than statements of historical facts, that address activities, events, outcomes and other matters that Chancellor plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of fut...
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CHANCELLOR GROUP INC/ Files SEC form 10-K, Annual Report

Quote: All statements, other than statements of historical facts, that address activities, events, outcomes and other matters that Chancellor plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of fut...
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CHANCELLOR GROUP INC/ Files SEC form 10-Q, Quarterly Report

Quote: All statements, other than statements of historical facts, that address activities, events, outcomes and other matters that Chancellor plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of fut...
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CHANCELLOR GROUP INC/ Files SEC form 10-Q, Quarterly Report

Quote: All statements, other than statements of historical facts, that address activities, events, outcomes and other matters that Chancellor plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of fut...
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CHANCELLOR GROUP INC/ Files SEC form 10-Q, Quarterly Report

Quote: All statements, other than statements of historical facts, that address activities, events, outcomes and other matters that Chancellor plans, expects, intends, assumes, believes, budgets, predicts, forecasts, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. These forward-looking statements are based on management's current belief, based on currently available information, as to the outcome and timing of fut...
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