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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-1(a))
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. _________)1
ENERCORP, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
292906 20 3
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(CUSIP Number)
Charles Maginnis (Reporting Person)
c/o Corporate Securities Group, Inc.
Attn: George Burmann
7600 Southland Blvd., Suite 101
Orlando, FL 32809
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 23, 1998
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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 that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box. _____
Note. Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following page)
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1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 292906 20 3 13D Page 2 of 5
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Charles Maginnis
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ___
(b) ___
3 SEC USE ONLY
4 SOURCE OF FUNDS*
PF
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) OR 2(e) _____
6 CITIZENSHIP OR PLACE OF ORGANIZATION
US
NUMBER OF 7 SOLE VOTING POWER -- 35,000 Shares
SHARES
BENEFICIALLY 8 SHARED VOTING POWER -- 0 Shares
OWNED BY
EACH 9 SOLE DISPOSITIVE POWER -- 35,000 Shares
REPORTING
PERSON WITH 10 SHARED DISPOSITIVE POWER -- 0 Shares
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,000 SHARES
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* ____
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.9%
14 TYPE OF REPORTING PERSON*
IN
* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 292906 20 3 13D Page 3 of 5
Item 1. Security and Issuer.
Common Stock
Enercorp, Inc.
7001 Orchard Lake Road, Suite 424
West Bloomfield, MI 48322
248-851-5654
Item 2. Identity and Background.
(a) Charles Maginnis
(b) Cocoa Village
254 Brevard Ave.
Cocoa, Florida 32922
(c) Individual Investor. See address listed above.
(d) Not applicable.
(e) Not applicable.
(f) United States.
Item 3. Source and Amount of Funds or Other Consideration.
Approximately $128,500 in personal funds.
Item 4. Purpose of Transaction.
The Reporting Person acquired the shares of Common Stock for investment purposes
because he believes the Issuer offers extraordinary value at current prices
since the assets of the Issuer far exceed recent market prices. The Issuer's two
current holdings, approximately 1.8 million shares of Williams Controls, Inc.
(Nasdaq WMCO) and approximately 2 million shares of Ajay Sports, Inc. (Nasdaq
AJAY) have recently exhibited solid growth/turnaround potential representing a
solid foundation to build and diversify upon. The Reporting Person feels that
given the opportunity, the Issuer's current management team will be able to
expand the asset base of the Issuer and expose the true value of this uniquely
positioned business development company to the benefit of all shareholders.
The Reporting Person does not have any plans or proposals which relate or would
result in:
(a) The acquisition by any person of additional securities of the issuer or
the disposition of securities of the issuer, other than to the extent the
Reporting Person may acquire additional shares for investment purposes;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of assets of the issuer or of
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
issuer, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
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CUSIP No. 292906 20 3 13D Page 4 of 5
(e) Any material change in the present capitalization or dividend policy of
the issuer;
(f) Any other material change in the issuer's business or corporate
structure, including but not limited to, if the issuer is a registered
closed-end investment company, any plans or proposals to make any changes in its
investment policy for which a vote is required by Section 13 of the Investment
Company Act of 1940;
(g) Changes in the issuer's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
issuer by any person;
(h) Causing a class of securities of the issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in the
inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Person beneficially owns 35,000 shares of Common Stock of
the Issuer, representing 5.9 % of the outstanding securities of the issuer as
reported in the most recently available filing with the Commission by the
issuer.
(b) The Reporting Person has the sole voting and dispositive power with
respect to all 35,000 shares reference in subsection (a) above.
(c) The Reporting Person has acquired the 35,000 shares in open market
transactions occurring between October 17, 1997 and May 1, 1998 at prices
ranging from $1 5/8 to $5 per share. Set forth below is a list of each
transaction which occurred during the 60 days preceding May 2, 1998:
Date Amount of Securities Price Per Share Transaction Type
- ---- -------------------- --------------- ----------------
3/9/98 500 shares $1 5/8 open market purchase
3/18/98 2,500 shares $2 5/8 open market sale
3/31/98 2,500 shares $21/2 open market purchase
4/2/98 5,000 shares $2 15/16 open market purchase
4/2/98 5,000 shares $2 13/16 open market purchase
4/6/98 2,500 shares $2 15/16 open market purchase
4/14/98 2,500 shares $3 open market purchase
4/17/98 2,500 shares $4 open market purchase
4/22/98 2,500 shares $41/2 open market purchase
4/23/98 1,000 shares $4 3/4 open market purchase
5/1/98 4,000 shares $5 open market purchase
(d) Not applicable.
(e) Not applicable.
Instruction. For computations regarding securities which represent a right
to acquire an underlying security, see Rule 13d-3(d)(1) and the note thereto.
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CUSIP No. 292906 20 3 13D Page 5 of 5
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.
May 4, 1998 /s/ Charles Maginnis
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Charles Maginnis
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative (other than an executive
officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name of any title of each person who signs the statement shall be typed or
printed beneath his signature.
Attention: Intentional misstatements or omissions of fact constitute
federal criminal violations. (See 18 U.S.C. 1001).
