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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
S C H E D U L E 13D
Under the Securities Exchange Act of 1934
(Amendment No. 26)*
PETROL INDUSTRIES, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $.10 PER SHARE
(Title of Class of Securities)
716 502 10 9
(CUSIP Number)
Mr. Joseph M. Rodano Copy to: David Lerner
c/o Petrol Industries, Inc. Morrison Cohen
Singer & Weinstein
202 N. Thomas, Suite 4 750 Lexington Avenue
Shreveport, LA 71107-6539 New York, New York
10022
Telephone: (318) 424-6396 Telephone: (212) 735-
8609
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
March 21 and 22, 2000
(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 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 space [ ].
Check the following space 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 ("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 page(s))
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CUSIP No. 716 502 10 9
13D
1. Name of Reporting Persons
S.S. or I.R.S. Identification No. of Above Person
JOSEPH M. RODANO
2. Check the Appropriate Box if a Member of a Group* a) [ ]
b) [ ]
3. SEC Use Only
4. Source of Funds:* PF
5. Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Item 2(d) or 2(e) [ ]
6. Citizenship or Place of Organization.
United States of America
7. Sole Voting Power: 554,325
8. Shared Voting Power:
9. Sole Dispositive Power: 554,325
10. Shared Dispositive Power:
11. Aggregate Amount Beneficially Owned By Each Reporting Person
554,325
12. Check Box if the Aggregate Amount in Row (11) excludes
Certain Shares* [ ]
13. Percent of Class Represented by Amount in Row (11)
35%
14. Type of Reporting Person*
IN
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1. SECURITY AND ISSUER
This statement relates to the Common Stock, $.10 par
value per share (the "Shares"), of Petrol Industries, Inc., a
Nevada corporation ("Petrol"), the principal executive offices of
which are located at 202 N. Thomas, Suite 4, Shreveport, Louisiana
71107-6539.
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed on behalf of Joseph M.
Rodano ("Rodano"), a United States Citizen, whose current mailing
address is c/o Petrol Industries, Inc., 202 N. Thomas, Suite 4,
Shreveport, LA 71107-6539. Mr. Rodano is currently employed as
the President and Treasurer of Petrol, as well as a member of its
Board of Directors. The address of Petrol's principal executive
office can be found in ITEM 1 above.
During the last five years, Mr. Rodano has not been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), nor has he been a party to a civil
proceeding of a judicial or administrative body of a competent
jurisdiction and as a result of such a proceeding was or is subject
to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, Federal or
State securities laws or finding any violation with respect to such
laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
All of the Shares purchased by Mr. Rodano on March 21 and
22 of this year have been purchased with his personal funds.
ITEM 4. PURPOSE OF TRANSACTION
On March 21, 2000, Mr. Rodano purchased 10,000 Shares in
an open market transaction. On March 22, 2000, Mr. Rodano
purchased an additional 10,000 Shares in an open market
transaction. Mr. Rodano invested in the foregoing Shares because
he believes that the market reacted excessively to Petrol's
disclosure in its 1993 Annual Report on Form 10-KSB of its
deteriorating financial condition and that such securities
accordingly are undervalued. As of the filing date of this
statement, Mr. Rodano has no present plans or proposals which
relate to, or which would result in, any changes specified in
clauses (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Mr. Rodano owns an aggregate of 554,325 Shares,
comprising approximately 35% of the outstanding Shares. The
foregoing calculation is based upon Petrol's Annual Report on Form
10-KSB for the year ended December 31, 1998, which states that as
of March 29, 1999, 1,597,196 Shares were outstanding.
Mr. Rodano retains the sole power to vote and dispose of
the 554,325 Shares described above.
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Mr. Rodano purchased 10,000 Shares on March 21, 2000, and
10,000 Shares on March 22, 2000, over-the-counter, each purchase
being an open market transaction at the asked price of $.28 per
share. Except as set forth in ITEM 5, Mr. Rodano has not purchased
or sold any Shares since he filed an Amendment to Schedule 13D with
the Commission on May 11, 1998.
ITEM 6. CONTRACT, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
There are no contracts, arrangements, understandings or
relationships (legal or otherwise) between Mr. Rodano and any other
person with respect to any securities of Petrol.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
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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.
Joseph M. Rodano
--------------------------------
JOSEPH M. RODANO
Date: March 27, 2000
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT
CONSTITUTE FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
