PANGEA PETROLEUM CORP
SC 13D, 2000-10-25
Previous: SIDEWARE SYSTEMS INC, 8-K, 2000-10-25
Next: PANGEA PETROLEUM CORP, SC 13D, EX-10.1, 2000-10-25



            SECURITIES AND EXCHANGE COMMISSION
<P>
                       SCHEDULE 13D
         UNDER THE SECURITIES EXCHANGE ACT OF 1934
<P>
                  PANGEA PETROLEUM CORP.
                     COMMON STOCK
<P>
                      698410 10 7
                     (CUSIP NUMBER)
<P>
               6776 SW Freeway, Suite 620
                  Houston, Texas   77074
<P>
                      APRIL 26, 2000
    -----------------------------------------------------
    (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
<P>
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 / /.
<P>
(1) Names of Reporting Persons. S.S. or I.R.S.
    Identification Nos. of Above Persons (entities only):
<P>
       DAVID LENNOX
<P>
(2) Check the Appropriate Box if a Member of a Group (See
    Instructions)
(a)
(b)
<P>
(3) SEC Use Only
<P>
(4) Source of Funds (See Instructions): PF,OO
<P>
(5) Check if Disclosure of Legal Proceedings is Required
    Pursuant to Items 2(d) or 2(e)
<P>
(6) Citizenship or Place of Organization:    United States
    of America
<P>
Number of Shares Beneficially Owned by Each Reporting Person
With
<P>
(7) Sole Voting Power: 515,786 as of the filing date of this
statement (300,000 shares as of the date of event which
requires filing of this statement).
<P>
(8) Shared Voting Power: 0
<P>
(9) Sole Dispositive Power: 515,786 as of the filing date of
this statement (300,000 shares as of the date of event which
requires filing of this statement).
<P>
(10) Shared Dispositive Power: 0
<P>
(11) Aggregate Amount Beneficially Owned by Each Reporting
     Person: 515,786 as of the filing date of this
     statement (300,000 shares as of the date of event which
     requires filing of this statement).
<P>
(12) Check if the Aggregate Amount in Row (11) Excludes
     Certain Shares
<P>
(13) Percent of Class Represented by Amount in Row (11):
                         1.7%
<P>
(14) Type of Reporting Person: IN
<P>
ITEM 1. SECURITY AND ISSUER.
<P>
Pangea Petroleum Corporation
Common Stock, $.0001 par value.
6776 SW Freeway, Suite 620
Houston, Texas   77074
<P>
ITEM 2. IDENTITY AND BACKGROUND.
<P>
(a) Name: David Lennox
<P>
(b) Address:      PO Box 571913
                  Houston, Texsa 77257
<P>
(c) Officer and Director of Issuer
<P>
(d) None.
<P>
(e) None.
<P>
(f) Citizenship. United States
<P>
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
<P>
The Reporting Person, David H. Lennox, acquired the shares
of Issuer as follows: (1) 250,000 shares for $25,000 from
his personal funds pursuant to an exemption from
registration under the Securities Act of 1933, as amended,
as provided by Section 4(2) of the Act; (2)  214,286 shares
from the Company as compensation for the waiver of payment
on a promissory note owed by the Company in the amount of
$75,000.  Such shares which issued pursuant to an exemption
from registration under the Securities Act of 1933, as
amended, as provided by Section 4(2) of the Act ; (3) An
option to purchase 250,000 shares pursuant to a registration
statement on Form S-8 ("Registration Statement") under the
Securities Act of 1933, as amended ("Act") for $250,000.
Such amount was paid from his personal funds; and (4) 50,000
shares for $50,000 from his personal funds  pursuant to an
exemption from registration under the Securities Act of
1933, as amended, as provided by Section 4(2) of the Act.
<P>
As of the filing date, David H. Lennox has sold 198,500 of
the S-8 shares and all of the 50,000 shares set forth in (4)
and presently holds 515,786 shares.
<P>
ITEM 4. PURPOSE OF TRANSACTION.
<P>
The purpose of the transaction is to compensate the
Reporting Person for services rendered to the Company as an
Officer and Director.
<P>
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
<P>
At this time, David H. Lennox owns a total of 515,786 of the
issued and outstanding common shares of the Issuer which
represents approximately 1.8% of the total issued and
outstanding common shares of the Issuer.   Mr. Lennox owned
300,000 shares as of the date of event which requires filing
of this statement.
<P>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
        RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE
        ISSUER.
<P>
Attached hereto is a copy of the Employment Agreement
between the Company and the Reporting Person in which the
Reporting Person has options to purchase additional shares
of the Company pursuant to a registration statement on Form
S-8 ("Registration Statement") under the Securities Act of
1933, as amended ("Act").
<P>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
<P>
Employment Agreement dated     between David H. Lennox and
Pangea Petroleum Corporation.
<P>
                        SIGNATURE
<P>
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
<P>
Date: October 23, 2000    Signature: /s/David H. Lennox
                                    -----------------------
                                        DAVID H. LENNOX
<P>



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission