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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
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. 2)
AER ENERGY RESOURCES, INC.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE 000944-10-8
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(Title of class of securities) (CUSIP number)
JEFFREY E. TABAK, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
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(Name, address and telephone number of person authorized to receive notices and
communications)
MARCH 20, 2000
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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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
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NY2:\892403\01\J4KZ01!.DOC\66228.0233
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CUSIP No. 000944-10-8 13D Page 2
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1 NAME OF REPORTING PERSON ODYSSEY PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 1,093,355
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0 (See Item 5)
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,093,355
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0 (See Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
1,093,355
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.4%
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14 TYPE OF REPORTING PERSON: PN
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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This Amendment No. 2 amends the Schedule 13D filed by
Odyssey Partners, L.P. ("Odyssey"), with respect to the beneficial ownership of
common stock, no par value ("Common Stock") of AER Energy Resources, Inc. (the
"Issuer").
Item 5. Interest in Securities of the Issuer.
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(a) The responses of Odyssey to Rows (11) through (13) of
the cover page of this Amendment No. 2 are incorporated herein by reference. As
of the close of business on March 20, 2000, Odyssey beneficially owned 1,093,355
shares of Common Stock, representing approximately 4.4% of the outstanding
shares of Common Stock (the outstanding shares of Common Stock, 24,850,263,
being based on the number of shares outstanding as of February 15, 2000, as
reported in the Issuer's annual report on Form 10-K for the fiscal year ended
December 31, 1999).
To the best knowledge of Odyssey, none of the General
Partners own any shares of Common Stock, other than indirectly, as a general
partner of Odyssey.
(b) The responses of Odyssey to (i) Rows (7) through (10)
of the cover page of this Amendment No. 2 and (ii) Item 5(a) hereof are
incorporated herein by reference. All General Partners (excluding the Nash
Family Partnership, L.P.) share voting and dispositive power over such shares.
(c) Since the filing of Amendment No.1, Odyssey effected
the following transactions in the Common Stock:
Date of Amount of Price per Where and
Transaction Securities Share How Effected
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3/13/00 57,000 shares $3.059 OTC BB (sale)
3/14/00 30,500 shares $2.752 OTC BB (sale)
3/15/00 7,200 shares $2.675 OTC BB (sale)
3/16/00 54,000 shares $2.171 OTC BB (sale)
3/17/00 72,000 shares $2.259 OTC BB (sale)
3/20/00 32,000 shares $2.331 OTC BB (sale)
(d) Two former employees of Odyssey have the right to
receive a portion of the dividends from, and a portion of the proceeds from the
sale of, the shares of Common Stock beneficially owned by Odyssey.
(e) On March 16, 2000, Odyssey ceased to be the beneficial
owner of more than five percent of the Common Stock.
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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.
Dated: March 23, 2000
ODYSSEY PARTNERS, L.P.
By: Jack Nash
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Name: Jack Nash
Title: General Partner
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