<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
FORELAND CORPORATION
- -------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
- -------------------------------------------------------------------------------
(Title of Class of Securities)
345458301
- -------------------------------------------------------------------------------
(CUSIP Number)
Russell J. Bruemmer
Wilmer, Cutler & Pickering
2445 M Street, N.W.
Washington, D.C. 20037
(202) 663-6000
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 3, 1999
- --------------------------------------------------------------------------------
(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box []
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 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 ("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).
(Continued on following pages)
<PAGE> 2
SCHEDULE 13D
<TABLE>
<CAPTION>
CUSIP NO. 345458301 PAGE 2 OF 7 PAGES
- --------------------- -----------------
<S> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Energy Income Fund, L.P.
- ------------------------------------------------------------------------------------------------------------------------------------
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
0
--------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF 2,083,333
SHARES
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
PERSON --------------------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
2,083,333
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,083,333
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
- ---------- -------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- ---------- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
<TABLE>
<CAPTION>
CUSIP NO. 345458301 PAGE 3 OF 7 PAGES
- -------------------- ----------------
<S> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EIF General Partner, L.L.C.
- ------------------------------------------------------------------------------------------------------------------------------------
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
0
--------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
NUMBER OF 2,083,333
SHARES
BENEFICIALLY --------------------------------------------------------------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING
PERSON --------------------------------------------------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
2,083,333
- -----------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,083,333
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
<TABLE>
<CAPTION>
CUSIP NO. 345458301 PAGE 4 OF 7 PAGES
- ------------------- -----------------
<S> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert D. Gershen
- ------------------------------------------------------------------------------------------------------------------------------------
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
United States
- ------------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 2,083,333
BENEFICIALLY
OWNED BY --------------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,083,333
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,083,333
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
<TABLE>
<CAPTION>
CUSIP NO. 345458301 PAGE 5 OF 7 PAGES
- -------------------- ------------------
<S> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
George W. Siguler
- ------------------------------------------------------------------------------------------------------------------------------------
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
United States
- ------------------------------------------------------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 2,083,333
BENEFICIALLY
OWNED BY --------------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,083,333
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,083,333
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D (CONTINUED) PAGE 6 OF 7 PAGES
This Amendment No. 4 to Schedule 13D is filed by and on
behalf of Energy Income Fund, L.P. ("EIF"), EIF General Partner, L.L.C. ("EIF
General Partner"), Robert D. Gershen ("Gershen"), and George W. Siguler
("Siguler") (collectively, the "Reporting Persons") and relates to the common
stock, $.01 par value ("Common Stock"), of Foreland Corporation (the "Issuer").
This Amendment No. 4 amends the initial statement on Schedule 13D dated January
15, 1998 (the "Initial Statement") as amended on November 30, 1998, March 8,
1999 and October 22, 1999. Capitalized terms used herein but not defined
herein shall have the meanings ascribed to them in the Initial Statement.
Item 4 is hereby supplemented as follows:
Item 4. Purpose of Transaction.
The following paragraph is added after the last paragraph of Item 4:
On November 3, 1999, EIF delivered written notice to the Issuer that it
was declaring all amounts owing under the debt financing immediately due and
payable. Because the Issuer is not able to immediately pay amounts owing, EIF
intends to foreclose on the collateral under the debt financing, which includes
a substantial amount of the assets of the Issuer and its subsidiaries. On
November 15, 1999, the Borrowers agreed to voluntarily surrender the collateral
under the debt financing to EIF and to cooperate in the related foreclosure
litigation.
Item 7 is hereby amended by adding thereto the following:
Item 7. Material to be Filed as Exhibits
Exhibit I is the Voluntary Surrender Agreement dated November 15, 1999,
by and between Foreland Corporation, Eagle Springs Production Limited Liability
Company, Foreland Refining Corporation, Foreland Asphalt Corporation, Foreland
Asset Corporation, Foreland Transportation, Inc. and Energy Income Fund, L.P.
(Exhibit 10.01 to Foreland Corporation's Current Report on Form 8-K, filed with
the Commission on November 18, 1999, is hereby incorporated by reference.)
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: November 23, 1999
ENERGY INCOME FUND, L.P.
By: EIF General Partner, L.L.C.
By: /s/ ROBERT D.GERSHEN
----------------------
Robert D. Gershen
Managing Director
EIF GENERAL PARTNER, L.L.C.
By: /s/ ROBERT D. GERSHEN
----------------------------
Robert D. Gershen
Managing Director
/s/ ROBERT D. GERSHEN
------------------------
Robert D. Gershen
/s/ GEORGE W. SIGULER
-------------------------
George W. Siguler
<PAGE> 7
SCHEDULE 13D (CONTINUED) PAGE 7 OF 7 PAGES
EXHIBIT INDEX
Exhibit I Voluntary Surrender Agreement dated November 15, 1999, by
and between Foreland Corporation, Eagle Springs Production
Limited Liability Company, Foreland Refining Corporation,
Foreland Asphalt Corporation, Foreland Asset Corporation,
Foreland Transportation, Inc. and Energy Income Fund, L.P.
(Exhibit 10.01 to Foreland Corporation's Current Report on
Form 8-K, filed with the Commission on November 18, 1999, is
hereby incorporated by reference.)
