UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )
Kestrel Energy, Inc.
(Name of Issuer)
Common Stock, No par value)
(Title of Class of Securities)
492545 10 8
(CUSIP Number)
S. Lee Terry, Jr.
Gorsuch Kirgis L.L.C.
1401 17th Street, Suite 1100
Denver, Colorado 80202
(303) 299-8913
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 7, 1997
(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(b)(3) or
(4), check the following box [ ].
Check the following box if a fee is being paid with this
statement [X].
CUSIP No. 492545 10 8
1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Equitable Life Assurance Society
2) Check the Appropriate Box if a Member of a Group*
(a)
(b)
3) SEC USE ONLY
4) Source of Funds
WC
5) Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6) Citizenship or Place of Organization
United Kingdom
Number of Shares 7) Sole Voting Power 840,000
Beneficially Owned 8) Shared Voting Power 0
By Each Reporting 9) Sole Dispositive Power 840,000
Person With 10) Shares Dispositive
Power 0
11) Aggregate Amount Beneficially Owned by Each Reporting Person
840,000
12) Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
[ ]
13) Percent of Class Represented by Amount in Row (11)
19.1%
14) Type of Reporting Person
IC
SCHEDULE 13D
THE EQUITABLE LIFE ASSURANCE SOCIETY
Item 1 Security and Issuer
No par value Common Stock ("the Shares") of Kestrel Energy, Inc.
(the "Company"), 999 18th Street, Suite 1100, Denver, Colorado
80202
Item 2 Identity and Background
(a) Name: The Equitable Life Assurance Society
("Equitable")
(b) Business City Place House, 55 Basinghall St.
Address: London, England EC2V 5DR
(c) Principal
Business and
Place of
Organization: A life assurance company registered in the
United Kingdom
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
DIRECTORS AND EXECUTIVE OFFICERS OF REPORTING PERSON:
(a) Name: ROGER QUINTIN BOWLEY
(b) Business
Address: The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: General Manager (Central Services),
Secretary and a Director of Equitable
The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: PETER ANTHONY DAVIS
(b) Business
Address: Office of the National Lottery
2 Monck Street
London SW1P 2BQ
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Director General of the
National Lottery
Director of Equitable
Office of the National Lottery
2 Monck Street
London SW1P 2BQ
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: SHAUN MUNRO KINNIS
(b) Business
Address: The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: General Manager - Sales and Marketing
and a Director of Equitable
The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: PETER MARTIN
(b) Residence
Address: 121 Coleherne Court
Old Brompton Road
London SW5 OEB
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Solicitor, Retired
Director of Equitable
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: ALAN NASH
(b) Business
Address: The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: General Manager - Finance
and a Director of Equitable
The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: JENNIFER ANNE PAGE
(b) Business
Address: Millennium Central
2 Monck Street
London SW1P 2BQ
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Chief Executive
Director of Equitable
Millennium Central
2 Monck Street
London SW1P 2BQ
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: DAVID WILLIAM JAMES PRICE
(b) Business
Address: Mercury Asset Management plc
33 King William Street
London EC4R 9AS
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Deputy Chairman
Director of Equitable
Mercury Asset Management plc
33 King William Street
London EC4R 9AS
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: ROY HENRY RANSON
(b) Business
Address: The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Managing Director and Actuary
and a Director of Equitable
The Equitable Life Assurance Society
Walton Street
Aylesbury Bucks HP21 7QW
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: JOHN RICHARD SCLATER
(b) Business
Address: Yamaichi International (Europe) Ltd.
Finsbury Court
711-117 Finsbury Pavement
London EC2A 1EQ
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Banker
Director of Equitable
Yamaichi International (Europe) Ltd.
Finsbury Court
711-117 Finsbury Pavement
London EC2A 1EQ
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: IAN PETER SEDGWICK
(b) Business
Address: Schroders plc
120 Cheapside
London EC2V 6DS
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Vice-Chairman
Director of Equitable
Schroders plc
120 Cheapside
London EC2V 6DS
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: JONATHAN FRANCIS TAYLOR
(b) Business
Address: Booker plc
85 Buckingham Gate
London SW1E 6PD
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Chairman
Director of Equitable
Booker plc
85 Buckingham Gate
London SW1E 6PD
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: DAVID GEORGE THOMAS
(b) Business
Address: The Equitable Life Assurance Society
City Place House
55 Basinghall Street
London EC2V 5DR
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: General Manager - Investments
and a Director of Equitable
The Equitable Life Assurance Society
City Place House
55 Basinghall Street
London EC2V 5DR
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: ALAN GEORGE TRITTON
(b) Residence
Address: Lyons Hall
Great Leighs
Chelmsford
Essex CH3 1PL
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Retired
Director of Equitable
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
(a) Name: DAVID WILLIAM WILSON
(b) Business
Address: Wilson Bowden plc
Wilson Bowden House
Leicester Road
Ibstock
Leicester LE67 6HP
(c) Principal
Occupation,
Name of Business,
Principal Business
and Address: Chairman
Director of Equitable
Wilson Bowden plc
Wilson Bowden House
Leicester Road
Ibstock
Leicester LE67 6HP
(d) Criminal Proceedings: None
(e) Civil Proceedings: None
(f) Citizenship: British
Item 3. Source and Amount of Funds or Other Consideration
On May 7, 1997, the Reporting Person was issued 840,000 Shares
for $1,680,000 pursuant to an offering by the Issuer under
Regulation S to qualified non-U.S. investors. The Shares were
acquired with working capital.
Item 4. Purpose of Transaction
The Shares were acquired for investment purposes.
(a) None.
(b) None.
(c) None.
(d) None.
(e) None.
(f) None.
(g) None.
(h) None.
(i) None.
(j) None.
Item 5. Interest in Securities of the Issuer
(a) 840,000 Shares of Common Stock (19.1%) beneficially owned.
(b) Number of Shares as to which there is sole power to vote -
840,000; shared power to direct the vote - 0; sole power to
direct the disposition - 840,000; shared power to direct the
disposition - 0.
(c) See Item 3.
(d) None.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer
None.
Item 7. Material to be filed as Exhibits
None.
SIGNATURE
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.
THE EQUITABLE LIFE ASSURANCE
SOCIETY
Date: 18th June 1997 By:/s/C.E. Duddridge
C.E. Duddridge
Printed Name
Assistant General Manager -
Securities and Investments
Title
