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F O R M 3 U.S. Securities and Exchange Commission OMB Approval
Washington, D.C. 20549 OMB Number 3235-0104
Expires: December 31, 2001
Estimated ave.burden
hours per response .............0.5
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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
- ---------------------------------------------------------------------------------------------------------
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 3. IRS Identification No.
Statement (Month/Day/Yr) of Reporting Person
(Voluntary)
Quantum Energy Management, LLC 11/10/1999
_____________________________________ _______________________ __________________
(Last) (First) (Middle)
777 Walker, 2530 Two Shell Plaza
__________________________________________ 4. Issuer Name and Ticker or Trading
(Street) Symbol
Houston TX 77002 Texoil, Inc. (TXLI)
_____________________________________ _______________________________________________
(City) (State) (ZIP)
5. Relationship of Reporting Person(s) to Issuer 6. If Amendment, Date of Original
(Check all applicable)
X Director X 10% Owner ____________________________________
--------- -------- (Month/Day/Year)
Officer Other
--------- --------
(give title below) (specify below) 7. Individual or Joint/Group Filing
(Check Applicable Line)
_____________________________________ Form filed by one Reporting Person
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X Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting
Person, see Instruction 5(b)(v)
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Table I - Non-Derivative Securities Beneficially Owned
- ------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Securities Direct (D) or Beneficial
Beneficially Indirect (I) Ownership
Owned (Instr. 4) (Instr. 5) (Instr. 5)
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
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Page 1 of 6
<PAGE>
FORM 3 (continued)
Page 2
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Table II - Derivative Securities Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------
1. Title of 2. Date Exercisable and 3. Title and Amount of Securities
Derivative Expiration Date Underlying Derivative Security
Security (Month/Day/Year) (Instr. 4)
Date Expiration Amount or Number
Exercisable Date Title of Shares
Series A Convertible Immediately N/A Common Stock 3,750,000
- -------------------------- ----------- ---------- ---------------- --------------------
Preferred Stock
- -------------------------- ----------- ---------- ---------------- --------------------
- -------------------------- ----------- ---------- ---------------- --------------------
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4. Conversion or Exercise 5. Ownership Form of 6. Nature of Indirect Beneficial
Price of Derivative Derivative Security: Ownership
Security Direct (D) or Indirect (I) (Instr. 5)
(Instr. 4) (Instr. 5)
---------------------------- ---------------------------------- ------------------------------
(1) I (2)
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
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Explanation of Responses:
(1) Each Series A Convertible Preferred Share is convertible into two Common
Shares, subject to anti-dilution adjustment.
(2) S. Wil VanLoh, Jr. and Toby R. Neugebauer are directors of the Issuer.
Quantum Energy Management, LLC is the sole general partner of Quantum
Energy Partners, LP, the beneficial owner of the Derivative Security. A.V.
Jones, Jr., K.C. Jones, Toby R. Neugebauer, William E. Tucker, Jr. and S.
Wil VanLoh, Jr. are managers of Quantum Energy Management, LLC.
The filing of this Form 3 is not an admission that any Reporting Person is,
for purposes of Section 16 of the Securities Exchange Act of 1934, as
amended, or otherwise, the beneficial owner of any equity securities
covered by this Statement.
By: /s/ S. Wil VanLoh, Jr. 11/22/99
--------------------------------- -----------
**Signature of Reporting Person Date
S. Wil VanLoh, Jr., manager of
Quantum Energy Management, LLC
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Page 2 of 6
<PAGE>
JOINT FILER INFORMATION
Name: A.V. JONES, JR.
Address: 216 Hill Street, Albany, Texas 76430
Designated Filer: Quantum Energy Management, LLC
Issuer & Ticker Symbol: Texoil, Inc. (TXLI)
Date of Event
Requiring Statement: 11/10/99
Signature: /s/ A.V. Jones, Jr.
------------------------------------------------
A.V. Jones, Jr.
Name: K.C. JONES
Address: 216 Hill Street, Albany, Texas 76430
Designated Filer: Quantum Energy Management, LLC
Issuer & Ticker Symbol: Texoil, Inc. (TXLI)
Date of Event
Requiring Statement: 11/10/99
Signature: /s/ K.C. Jones
------------------------------------------------
K.C. Jones
Name: TOBY R. NEUGEBAUER
Address: 777 Walker, 2530 Two Shell Plaza, Houston, Texas
77002
Designated Filer: Quantum Energy Management, LLC
Issuer & Ticker Symbol: Texoil, Inc. (TXLI)
Page 3 or 6
<PAGE>
Date of Event
Requiring Statement: 11/10/99
Signature: /s/ Toby R. Neugebauer
------------------------------------------------
Toby R. Neugebauer
Name: WILLIAM E. TUCKER, JR.
Address: 719 Scott Avenue, Suite 825, Wichita Falls,
Texas 76301
Designated Filer: Quantum Energy Management, LLC
Issuer & Ticker Symbol: Texoil, Inc. (TXLI)
Date of Event
Requiring Statement: 11/10/99
Signature: /s/ William E. Tucker, Jr.
------------------------------------------------
William E. Tucker, Jr.
Name: S. WIL VANLOH, JR.
Address: 777 Walker, 2530 Two Shell Plaza, Houston, Texas
77002
Designated Filer: Quantum Energy Management, LLC
Issuer & Ticker Symbol: Texoil, Inc. (TXLI)
Date of Event
Requiring Statement: 11/10/99
Signature: /s/ S. Wil VanLoh, Jr.
------------------------------------------------
S. Wil VanLoh, Jr.
Page 4 or 6
<PAGE>
POWER OF ATTORNEY
Know all by these presents, that each of the undersigned hereby
constitutes and appoints Quantum Energy Management, LLC, the undersigned's true
and lawful attorney-in-fact to:
(1) execute for and on behalf of the undersigned, in the
undersigned's capacity as a director of Texoil, Inc. (the
"Company"), and/or as a manager of Quantum Energy Management,
LLC, the sole general partner of Quantum Energy Partners, LP
("Quantum"), Forms 3, 4, and 5 in accordance with Section
16(a) of the Securities Exchange Act of 1934, as amended, and
the rules thereunder;
(2) do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4, or 5 and timely file such form
with the United States Securities and Exchange Commission and
any stock exchange or similar authority; and
(3) take any other action of any type whatsoever in connection
with the foregoing which, in the opinion of such
attorney-in-fact, may be of benefit to, in the best interest
of, or legally required by, the undersigned, it being
understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this
Power of Attorney shall be in such form and shall contain such
terms and conditions as such attorney-in-fact may approve in
such attorney-in-fact's sole discretion.
Each of the undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary, or proper to be done in the exercise of any of
the rights and powers herein granted, as fully to all intents and purposes as
the undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. Each of the undersigned acknowledges that the
foregoing attorney-in-fact, in serving in such capacity at the request of the
undersigned, is not assuming, nor is Quantum assuming, any of the undersigned's
responsibilities to comply with Section 16 of the Securities Exchange Act of
1934, as amended.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4, and 5 with respect to the
undersigned's holdings of and transactions in securities issued by the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
foregoing attorney-in-fact.
Page 5 of 6
<PAGE>
IN WITNESS WHEREOF, each of the undersigned has caused this Power of
Attorney to be executed as of this 22nd day of November, 1999.
/s/ A.V. Jones, Jr.
--------------------------------
A.V. Jones, Jr.
/s/ K.C. Jones
--------------------------------
K.C. Jones
/s/ Toby R. Neugebauer
--------------------------------
Toby R. Neugebauer
/s/ William E. Tucker, Jr.
--------------------------------
William E. Tucker, Jr.
/s/ S. Wil VanLoh, Jr.
--------------------------------
S. Wil VanLoh, Jr.
Page 6 of 6
