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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
The Exploration Company of Delaware, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
30213320
(CUSIP Number)
Marcus Wechsler
Tahoe Invest
Innere Guterstrasse 4
6304 Zug
Switzerland
(41) 726-5227
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
Copies to:
Shivbir S. Grewal, Esq.
Stradling Yocca Carlson & Rauth
660 Newport Center Drive, Suite, 1600
Newport Beach, CA 92660
Telephone: (949) 725-4000
October 2, 2000
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed 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), 13d-1(f) or 13d-1(g), check the following
box. [_]
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SCHEDULE 13D
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CUSIP No. 30213320 Page 2 of 16 Pages
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NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
TAHOE INVEST
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(N/A) (b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
SWITZERLAND
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SOLE VOTING POWER
7
NUMBER OF
1,170,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
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EACH SOLE DISPOSITIVE POWER
9
REPORTING
1,170,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
1,170,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.7%
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TYPE OF REPORTING PERSON
14
CO
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SCHEDULE 13D
Item 1. Security and Issuer.
-----------------------------
Security: Common Shares
Issuer: The Exploration Company of Delaware, Inc.
500 North Loop, 1604 E., Suite 250
San Antonio, Texas 78232
James E. Sigmon- President and Chief Executive Officer
Roberto R. Thomae - Chief Financial Officer and Secretary
Item 2. Identity and Background.
---------------------------------
(a) This statement is being filed on behalf of TAHOE INVEST, a Swiss
corporation. The President of the Board of Directors of TAHOE
INVEST is Mr. Peter Gruner. The other members of the Board of
Directors of TAHOE INVEST are Mr. Thomas Urech and Mr. Marcus E.
Wechsler.
(b) The business address of TAHOE INVEST is Innere Guterstrasse 4
6304 Zug, Switzerland. The address of Mr. Peter Gruner is
Flachsacherstrasse 10, 5242 Lupfig, Switzerland. The address of
Mr. Thomas Urech is Hagenbuchenweg 35, 8602 Wangen, Switzerland.
The address of Mr. Marcus E. Wechsler is Langwattstrasse 47, 8125
Zollikerberg, Switzerland.
(c) TAHOE INVEST is engaged in the business of passive investments. Mr.
Gruner, Mr. Urech, and Mr. Wechsler are directors of TAHOE
INVEST.
(d) None.
(e) None.
(f) Switzerland.
Item 3. Source and Amount of Funds or Other Consideration.
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Working capital.
Item 4. Purpose of Transaction.
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Passive Investment. Although there is no current intention to do so, the
reporting person may in the future acquire or dispose of securities of the
issuer.
Item 5. Interest in Securities of the Issuer.
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(a) - 1,170,000 shares of Common Stock;
- Total beneficial ownership (assuming exercise of warrants) - 6.7%
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(b) Reporting Person has the sole power to vote, or to direct the vote of,
all of the shares set forth in paragraph (a).
(c) Trade Date Shares Price Aggregate Total
---------- ------ ----- ---------------
October 2, 2000 1,026,998 2.8750 1,026,998
October 6, 2000 7,000 2.9196 1,033,998
October 10, 2000 9,002 3.0243 1,043,000
October 11, 2000 5,000 3.1250 1,048,000
October 11, 2000 2,000 3.1562 1,050,000
October 12, 2000 5,000 3.0312 1,055,000
October 13, 2000 10,000 3.0000 1,065,000
October 17, 2000 50,000 3.2641 1,115,000
November 7, 2000 10,000 2.6875 1,125,000
November 9, 2000 5,000 2.7188 1,130,000
November 10, 2000 5,000 2.8125 1,135,000
November 13, 2000 5,000 2.7994 1,140,000
November 24, 2000 8,000 2.6875 1,148,000
November 29, 2000 7,000 2.6562 1,155,000
December 7, 2000 5,000 2.6875 1,160,000
December 22, 2000 10,000 2.5625 1,170,000
(d) The voting control and power of disposition thereof remains in the
control of the Reporting Person.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
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to Securities of the Issuer.
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See response to Item 5(d). None of the securities is pledged or
subject to a contingency the occurrence of which would give another
person voting or investment power over such securities.
Item 7. Material to be Filed as Exhibits.
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None.
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Signature
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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.
TAHOE INVEST
Date: December 29, 2000 /s/ Marcus Wechsler
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Marcus Wechsler
