U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person:
Ronald W. Welborn
11701 South Freeway
Burleson, Texas 76028
2. Date of Event Requiring Statement - (Month/Day/Year) January 19, 2000
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol: Power Exploration, Inc.
OTC-Bulletin Board Symbol = PWRX
5. Relationship of Reporting Person to Issuer (Check all applicable):
_____ Director ____X____10% Owner
_____ Officer(give title below) ____Other (specify below)
6. If Amendment, Date of Original(Month/Year):
<TABLE>
<CAPTION>
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect Beneficial Ownership
(Instr. 4) Beneficially Owned Form: Direct (Instr. 5)
(Instr. 4) (D) or Indirect (I)
(Instr. 5)
<S> <C> <C> <C>
$.02 par value common stock 400,000 D
$.02 par value common stock 350,000 D
$.02 par value common stock 8,000,000 I Beneficiary of Welborn II Family Trust majority
shareholder of Global Universal, Inc. of Delaware
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
(Print or Type Responses) SEC 1473 (8-92)
<PAGE>
FORM 3 (continued)
<TABLE>
<CAPTION>
Table II--Derivative Securities Beneficially Owned (e.g.,puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Date Exer- 3. Title and Amount of Securities 4.Conver- 5. Owner- 6. Nature of Indirect
(Instr. 4) cisable and Underlying Derivative Security sion or ship Form Beneficial Ownership
Expiration (Instr. 4) Exercise of Deriv- (Instr. 5)
Date Price of ative
(Month/Day/Year) Deri- Security:
vative Direct
Security (D) or
Indirect
(I)
Instr. 5)
Date Expira- Amount or
Exer- tion Title Number of
cisable Date Shares
<S> <C> <C> <C> <C> <C> <C> <C>
</TABLE>
Explanation of Responses:
** Intentional misstatements or omission of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Ronald W. Welborn Feb/16/2000
----------------------------- ---------------
**Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, See Instruction 6 for procedure.
Page 2
SEC 1473 (8-92)
