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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D/A
(Amendment No. 4)
Under the Securities Exchange Act of 1934
Triton Energy Limited
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(Name of the Issuer)
Common Stock (Ordinary Shares), par value $.01 par value
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(Title of Class of Securities)
G90751101
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(CUSIP Number)
Lawrence D. Stuart, Jr.
HM4 Triton, L.P.
c/o Hicks, Muse, Tate & Furst Incorporated
200 Crescent Court, Suite 600
Dallas, Texas 75201
(214) 740-7300
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 5, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box [ ].
Page 1 of 11 Pages
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CUSIP No. G90751101 Schedule 13D/A Page 2 of 11 Pages
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(Amendment No. 4)
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM4 Triton, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER 7 SOLE VOTING POWER
OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 21,960,448
BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
21,960,448
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,960,448
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.0%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP No. G90751101 Schedule 13D/A Page 3 of 11 Pages
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(Amendment No. 4)
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM4/GP Partners Cayman, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER 7 SOLE VOTING POWER
OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 21,960,448
BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
21,960,448
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,960,448
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.0%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP No. G90751101 Schedule 13D/A Page 4 of 11 Pages
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(Amendment No. 4)
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM GP Partners IV Cayman, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER 7 SOLE VOTING POWER
OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 21,960,448
BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
21,960,448
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,960,448
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.0%
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14 TYPE OF REPORTING PERSON
PN
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CUSIP No. G90751101 Schedule 13D/A Page 5 of 11 Pages
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(Amendment No. 4)
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HM Fund IV Cayman, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER 7 SOLE VOTING POWER
OF 0
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 21,960,448
BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
21,960,448
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
21,960,448
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.0%
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14 TYPE OF REPORTING PERSON
OO (Cayman Islands limited liability company)
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CUSIP No. G90751101 Schedule 13D/A Page 6 of 11 Pages
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(Amendment No. 4)
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Thomas O. Hicks
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
(b)
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF, OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS [ ]
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER 7 SOLE VOTING POWER
OF 207,961
SHARES -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 21,960,448
BY -----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 207,961
PERSON -----------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
21,960,448
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,168,409
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
39.4%
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14 TYPE OF REPORTING PERSON
IN
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CUSIP No. G90751101 Schedule 13D/A Page 7 of 11 Pages
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(Amendment No. 4)
This Amendment No. 4 to Schedule 13D is being filed by HM4 Triton, L.P.
("Purchaser"), HM4/GP Partners Cayman, L.P., HM GP Partners IV Cayman, L.P., HM
Fund IV Cayman, LLC, and Thomas O. Hicks ("Hicks" and collectively, the
"Reporting Persons"), to amend items 8, 10, 11 and 13 of the cover page for each
of the Reporting Persons and Item 1, Item 3, Item 4(a) and Item 5(a) and (b),
Item 5(c), Item 6 and Item 7 of the original Schedule 13D dated October 12,
1998, as amended by Amendment No. 1, Amendment No. 2 and Amendment No. 3
(collectively the "Original Schedule 13D"). The cover page for each of the
Reporting Persons and the full text of Item 1, as amended hereby, are restated
in their entirety in this Amendment No. 4. Items 2, 4(b) and (c), 5(d), 5(e), 6
and 7 of the Original Schedule 13D remain unchanged.
Unless otherwise indicated, capitalized terms used but not defined
herein which are defined in the Original Schedule 13D shall have the meanings
assigned to such terms in the Original Schedule 13D.
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement on Schedule 13D
relates is the Ordinary Shares, par value $0.01 per share ("Ordinary Shares"),
of Triton Energy Limited, a Cayman Islands company (the "Company"). The
Reporting Persons beneficially own such equity securities as a result of HM4
Triton, L.P.'s, record ownership of 1,434,252 Ordinary Shares and 5,131,549 8%
Convertible Preference Shares, par value $0.01 per share, of the Company
("Preference Shares"). Each Preference Share currently is convertible at any
time at the option of the holder, prior to redemption by the Company, into four
Ordinary Shares, subject to customary antidilution protections. The Preference
Shares first become redeemable by the Company, at its option in whole but not in
part, on September 30, 2001, provided the Ordinary Shares have traded at certain
specified levels prior to redemption.
The address of the Company's principal executive offices is Caledonian
House, Mary Street, P. O. Box 1043, George Town, Grand Cayman, Cayman Islands.
ITEM 3. SOURCES AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended and supplemented by adding the following
paragraphs at the end of Item 3:
On November 5, 1999, HM4 Triton, L.P. effected a distribution of 28,748
Ordinary Shares to certain of its partners (the "Distribution"), including 4,155
shares that were ultimately distributed to Hicks, 665 shares that were
ultimately distributed to trusts for which Hicks serves as the trustee and which
are for the benefit of the children of Hicks, 134 shares that were ultimately
distributed to a limited partnership of which the general partner is a limited
liability company of which Hicks is the sole member, and 3,007 shares that were
ultimately distributed to another
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CUSIP No. G90751101 Schedule 13D/A Page 8 of 11 Pages
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(Amendment No. 4)
limited partnership of which the general partner is a limited liability company
of which Hicks is the sole member.
From November 5, 1999, to December 3, 1999, Hicks utilized an aggregate
of $4,214,218.75 of his personal funds to purchase an aggregate of 200,000
Ordinary Shares individually.
ITEM 4. PURPOSE OF THE TRANSACTION
Item 4(a) is hereby amended and supplemented by adding the following
paragraph at the end of Item 4(a):
The Ordinary Shares received by the Reporting Persons described under
Item 3 to this Amendment No. 4 to Schedule 13D in the Distribution were acquired
as a result of a distribution by HM4 Triton, L.P. and are being held by such
Reporting Persons for investment purposes.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b)
Items 5(a) and (b) are hereby amended by deleting the first paragraph
thereof and substituting therefor the following paragraph:
The Purchaser is the record and beneficial owner of 1,434,252 Ordinary
Shares, which represent approximately 2.5% of the Company's outstanding Ordinary
Shares (giving effect to the conversion of the Preference Shares held by
Purchaser at the current conversion rate). The Purchaser also is the record
owner of 5,131,549 Preference Shares, or 98.7% of the issued and outstanding
Preference Shares. The 5,131,549 Preference Shares currently are convertible
into an aggregate of 20,526,196 Ordinary Shares, which Ordinary Shares are
beneficially owned by Purchaser and represent approximately 36.5% of the
Company's Ordinary Shares outstanding (giving effect to the conversion of the
Preference Shares held by Purchaser at the current conversion rate). The
21,960,448 Ordinary Shares beneficially owned by the Purchaser as described
above represent approximately 39.0% of the Company's Ordinary Shares
outstanding, giving effect to the conversion of Preference Shares held by
Purchaser.
(c)
Item 5(c) is hereby amended and supplemented by adding the following
paragraphs at the end of Item 5(c).
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CUSIP No. G90751101 Schedule 13D/A Page 9 of 11 Pages
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(Amendment No. 4)
Hicks also acquired a total of 200,000 additional Ordinary Shares in
open market purchases as follows:
<TABLE>
<CAPTION>
Date Acquired Number of Shares Price Per Share
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<S> <C> <C>
11/5/99 5,000 $16.7500
11/5/99 15,000 $16.8125
11/8/99 15,000 $17.0625
11/8/99 25,000 $17.0000
11/29/99 40,000 $23.1250
12/3/99 31,500 $22.5000
12/3/99 2,000 $22.3750
12/3/99 16,500 $22.4375
12/3/99 41,500 $23.0000
12/3/99 5,000 $22.8125
12/3/99 3,500 $22.8750
</TABLE>
Following the transactions described in Item 3 and Item 5(c) to this
Amendment No. 4 to Schedule 13D, Hicks may be deemed to beneficially own in the
aggregate 22,168,409 Ordinary Shares, representing approximately 39.4% of the
outstanding Ordinary Shares (giving effect to the conversion of the Preference
Shares held by Purchaser). Of such shares, Hicks has sole voting and dispositive
power with respect to 207,961 shares, and shared voting and dispositive power
with respect to 21,960,448 shares as a result of the relationships described in
the following paragraph.
Of the 207,961 Ordinary Shares for which Hicks has sole voting and
dispositive power, 204,155 shares are held of record by Hicks, 665 shares are
held of record by Hicks as the trustee of certain trusts for the benefit of
Hicks' children, 134 shares are owned of record by a limited partnership of
which the general partner is a limited liability company of which Hicks is the
sole member and 3,007 shares are owned of record by another limited partnership
of which the general partner is a limited liability company of which Hicks is
the sole member.
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CUSIP No. G90751101 Schedule 13D/A Page 10 of 11 Pages
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(Amendment No. 4)
SIGNATURES
After due inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated December 13, 1999 HM4 TRITON, L.P.
By: HM4/GP Partners Cayman, L.P.,
its general partner
By: HM GP Partners IV Cayman, L.P.,
its general partner
By: HM FUND IV Cayman, LLC,
its general partner
By: /s/ DAVID W. KNICKEL
-----------------------------------
David W. Knickel, Attorney-in-Fact
Dated December 13, 1999 THOMAS O. HICKS
By: /s/ DAVID W. KNICKEL
-----------------------------------
David W. Knickel, Attorney-in-Fact
Dated December 13, 1999 HM4/GP PARTNERS CAYMAN, L.P.
By: HM GP Partners IV Cayman, L.P.,
its general partner
By: HM FUND IV Cayman, LLC,
its general partner
By: /s/ DAVID W. KNICKEL
-----------------------------------
David W. Knickel, Attorney-in-Fact
Dated December 13, 1999 HM GP PARTNERS IV CAYMAN, L.P.
By: HM Fund IV Cayman, LLC,
its general partner
By: /s/ DAVID W. KNICKEL
-----------------------------------
David W. Knickel, Attorney-in-Fact
Dated December 13, 1999 HM FUND IV CAYMAN, LLC
By: /s/ DAVID W. KNICKEL
-----------------------------------
David W. Knickel, Attorney-in-Fact
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EXHIBIT INDEX
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
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<S> <C>
10.1 Stock Purchase Agreement, dated August 31, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.*
10.2 Shareholders Agreement, dated September 30, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.*
10.3 Monitoring and Oversight Agreement, dated September 30, 1998,
by and between Triton Energy Limited and Hicks, Muse & Co.
Partners, L.P.*
10.4 Financial Advisory Agreement, dated August 31, 1998, by and
between Triton Energy Limited and Hicks, Muse & Co. Partners,
L.P.*
10.5 Line Letter dated October 9, 1998, by and between Bankers
Trust Company and HM4 Triton, L.P.*
10.6 Base Rate Promissory Note dated October 9, 1998, in the
original principal amount of $30,000,000, executed by HM4
Triton, L.P., and payable to Bankers Trust Company.*
10.7 Amendment No. 1 to Stock Purchase Agreement, dated November
22, 1998, by and between Triton Energy Limited and HM4 Triton,
L.P.*
24.1 Power of Attorney for Thomas O. Hicks (filed as Exhibit 2 to
Schedule 13D regarding Coho Energy, Inc., filed with the
Securities and Exchange Commission on May 20, 1998, and
incorporated herein by reference)
24.2 Power of Attorney for HM4/GP Partners Cayman, L.P.*
24.3 Power of Attorney for HM GP Partners IV Cayman, L.P.*
24.4 Power of Attorney for HM Fund IV Cayman, LLC*
24.5 Power of Attorney for HM4 Triton, L.P.*
99.1 Joint filing Agreement dated October 9, 1998, among HM4
Triton, L.P., HM Fund IV Cayman, LLC, HM GP Partners IV
Cayman, L.P., HM4/GP Partners Cayman, L.P. and Thomas O.
Hicks*
</TABLE>
* Previously filed.
