SCHEDULE 13D
Amendment No. 8
The Exploration Company of Louisiana, Inc.
common stock
Cusip # 302134101
Filing Fee: No
Cusip # 302134101
Item 1: Reporting Person - Fidelity International Limited
Item 4: PF
Item 6: Bermuda
Item 7: 15,199,475
Item 8: None
Item 9: 15,199,475
Item 10: None
Item 11: 15,199,475
Item 13: 7.92%
Item 14: HC, IA
PREAMBLE
The Schedule 13D, dated April 15, 1992, amended May 14, 1992, June 17,
1992, January 4, 1993, July 7, 1993, January 31, 1994, February 3, 1994, and
June 2, 1994, filed by Fidelity International Limited with respect to the
common stock, $0.01 par value per shares (the "Shares") of Exploration Co of
Louisiana (the "Company") is hereby amended as set forth below. The shares to
which it relates are owned by Fidelity International Limited, through its
subsidiaries and affiliates.
Item 1. Security and Issuer.
Item 2. Identity and Background.
Item 2 is amended as follows:
This statement is being filed by Fidelity International Limited, a
Bermuda joint stock company incorporated for an unlimited duration by private
act of the Bermuda legislature ("FIL"). FIL is an investment adviser which
provides investment advisory and management services to a number of non-U.S.
investment companies or instrument trusts (the "International Funds") and
certain institutional investors. The principal office of FIL is located at
Pembroke Hall, 42 Crow Lane, Pembroke, Bermuda.
A partnership controlled by Mr. Johnson and members of his family own
shares of FIL voting stock with the right to cast approximately 48.879% of the
total votes which may be cast by all holders of FIL voting stock. Mr. Johnson
3d is Chairman of FIL. The business address and principal occupation of Mr.
Johnson 3d is set forth in Schedule A hereto.
The shares to which this statement relates are owned directly by three
of the International Funds managed by Fidelity International Limited, through
its subsidiaries and affiliates.
The name, residence or business address, principal occupation or
employment and citizenship of each of the executive officers and directors of
FIL are set forth in Schedule A hereto.
Within the past five years, none of the persons named in this Item 2 or
listed on Schedule A has been convicted in any criminal proceeding (excluding
traffic violations or similar misdemeanors) or has been a party to any civil
proceeding and as a result thereof was or is subject to any judgment, decree
or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violations within respect to such laws.
Item 3. Source and Amount of Funds or Other Considerations.
Item 3 is amended as follows:
The International Funds and accounts which own or owned shares purchased
in the aggregate 20,720,032 shares for cash in the amount of approximately
$12,577,402 , including brokerage commissions. Proceeds from 5,520,557 shares
sold aggregated $7,577,309 . These trades were completed in London with
Pounds Sterling (for the purposes of this filing, prices were converted at
$1.51/Pound, as quoted in the Wall Street Journal on June 10, 1994). These
Funds and accounts used their own assets in making such purchases and no part
of the purchase price is represented by borrowed funds. The attached Schedule
B sets forth shares purchased and/or sold since April 21, 1994.
Item 4. Purpose of Transaction.
Item 5. Interest in Securities of Issuer.
Item 5 is amended as follows:
FIL beneficially owns, as investment adviser or the parent of the
investment adviser to the International Funds and accounts, 15,199,475 shares
or approximately 7.92% of the outstanding shares of the Company.
The International Funds, the International Pension Accounts and FIL, as
investment adviser to the International Funds and International Pension
Accounts, each has the sole power to vote and the sole power to dispose of the
15,199,475 shares held by the International Funds and the International
Pension Accounts.
Item 6. Contract, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
This statement speaks as of its date, and no inference should be drawn
that no change has occurred in the facts set forth herein after the date
hereof.
Item 7. Material to be Filed as Exhibits.
Not applicable.
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.
Fidelity International Limited
Date: June 22, 1994 By: /s/Arthur S. Loring
Arthur S. Loring
Attorney-in-Fact
Schedule A
POSITION WITH PRINCIPAL
NAME INTERNATIONAL OCCUPATION
Edward C. Johnson 3d Director & Chairman of the Board Chief Executive
Officer
82 Devonshire Street FMR Corp.
Boston, MA 02109
Barry J. Bateman Director Chief Executive Officer
25 Lovat Lane Fidelity International
London, England Limited
EC3R 8LL
William L. Byrnes Director Vice Chairman -
82 Devonshire Street FMR Corp.
Boston, MA 02109
Martin P. Cambridge Chief Financial Officer CFO - Fidelity
Oakhill House International Limited
130 Tonbridge Road
Hildenborough, Kent
TN119DZ England
Charles T. M. Collis Director, V.P., & Secretary Private Attorney
P.O. Box HM 391
Hamilton HMBX, Bermuda
Glen R. Moreno Director Director-Fidelity
25 Lovat Lane International Limited
London, England
EC3R 8LL
David J. Saul Director Executive V.P. &
P.O. Box 650 President-Fidelity
Hamilton, Bermuda Bermuda, a division of
Fidelity International
Limited
Messrs. Johnson 3d, Byrnes, and Moreno are United States citizens and Messrs.
Cambridge, Collis, Saul, and Bateman are citizens of the United Kingdom.
SCHEDULE B
Exploration Co. of Lousiana
One International Account purchased shares since April 21, 1994 at the dates
and at the prices set forth below. The transactions were made for cash in
open market transactions.
DATE SHARES PRICE
04-25-94 100,000 $1.05
SCHEDULE B
Exploration Co. of Lousiana
Three International Accounts sold shares since April 21, 1994 at the dates and
at the prices set forth below. The transactions were made for cash in open
market transactions.
DATE SHARES PRICE
04-25-94 100,000 $1.05
05-26-94 2,000,000 1.04
05-27-94 555,000 1.05
05-31-94 945,000 1.05
