AMERAC ENERGY CORP
SC 13D/A, 1996-06-28
CRUDE PETROLEUM & NATURAL GAS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                                                  CONFORMED COPY
                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 5 )*

                            AMERAC ENERGY CORPORATION
                    (Formerly Wolverine Exploration Company)
                                (Name of Issuer)

                                  Common Stock

                         (Title of Class of Securities)

                                    023517105

                                 (CUSIP Number)


                                Peter E. Lorenzen
                             Snyder Oil Corporation
                                 777 Main Street
                                   Suite 2500
                              Fort Worth, TX 76102
                                 (817) 338-4043

                 (Name, Address, and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                 April 24, 1996
                    (Date of Event which Requires Registrant
                               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 the statement / /. (A fee is not
required  only if the  reporting  person:  (1) has a previous  statement on file
reporting  beneficial  ownership  of more  than  five  percent  of the  class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

Note: Six copies of this statement, including all exhibits, should be filed with
the  Commission.  See Rule  13d-1(a) for other  parties to whom copies are to be
sent.

*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, as amended (the "Act"),  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).



<PAGE>



                (Continued on following pages)
                       Page 1 of 3 Pages


<PAGE>

- ---------------------------               -----------------------
|CUSIP No.  023517105     |      13D      |Page  2  of  3  Pages|
- ---------------------------               -----------------------
- -----------------------------------------------------------------
|1 | Name of Reporting Person                                   |
|  | S.S. or I.R.S. Identification No. of Above Person          |
|  | Snyder Oil Corporation                                     |
|  | I.R.S. Identification No. 75-2306158                       |
- -----------------------------------------------------------------
|  |                                                        ----|
|2 | Check the Appropriate Box if a Member of a Group*  (a) ----|
|  |                                                        ----|
|  |                                                    (b) ----|
- -----------------------------------------------------------------
|3 | SEC USE ONLY                                               |
|  |                                                            |
- -----------------------------------------------------------------
|4 | Source of Funds*                                           |
|  |          OO                                                |
|  |                                                            |
- -----------------------------------------------------------------
|5 | Check Box if Disclosure of Legal Proceedings is Required   |
|  | Pursuant to Items 2(d) or 2(e)                         ----|
|  |                                                        ----|
- -----------------------------------------------------------------
|6 | Citizenship or Place of Organization                       |
|  |           Delaware                                         |
- -----------------------------------------------------------------
|                |7 |Sole Voting Power                          |
|    Number of   |  |    0                                      |
|     Shares     ------------------------------------------------
|  Beneficially  |8 |Shared Voting Power                        |
|    Owned By    |  |    0                                      |
|      Each      ------------------------------------------------
|    Reporting   |9 |Sole Dispositive Power                     |
|     Person     |  |    0                                       |
|      With      ------------------------------------------------
|                |10|Shared Dispositive Power                   |
|                |  |    0                                      |
- -----------------------------------------------------------------
|11| Aggregate Amount Beneficially Owned by Each Reporting      |
|  | Person     0                                                |
- -----------------------------------------------------------------
|12| Check Box if the Aggregate Amount in Row (11) Excludes     |
|  | Certain Shares*                                        ----|
|  |                                                        ----|
- -----------------------------------------------------------------
|13| Percent of Class Represented by Amount in Row (11)         |
|  |            0%                                               |

- -----------------------------------------------------------------
|14| Type of Reporting Person*                                  |
|  |      CO                                                    |
- -----------------------------------------------------------------


<PAGE>


                                       Page 5 of 3 Pages

Item 5.  Interest in Securities of the Issuer.


Item 5 is hereby amended to read as follows:


         On April 24,  1996,  Snyder Oil  Corporation  ("SOCO")  sold  1,039,210
     shares of Common Stock of Issuer, plus additional shares to be paid in June
     1996 in respect of  compensation  for the  serrvices  of Thomas J.  Edelman
     during the second  quarter of 1996,  for a total purchase price of $240,000
     in a private transaction arranged by the Issuer.  Following such sale, SOCO
     owns no securities of Issuer. Thomas J. Edelman,  President of SOCO, is not
     standing for reelection as a director of Issuer at Issuer's  annual meeting
     of stockholders to be held on July 11, 1996.





                         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.

         DATE:  June 27, 1996
                                    SNYDER OIL CORPORATION





                                    By:  Peter E. Lorenzen
                                         Peter E. Lorenzen
                                         Vice President






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