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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)*
PAN WESTERN ENERGY CORPORATION
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(Name of Issuer)
COMMON STOCK $.01 PAR VALUE PER SHARE
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(Title of Class of Securities)
69806K 10 6
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(CUSIP Number)
SEPTEMBER 28, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
*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 the disclosures provided in a prior cover page.
The information required in 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).
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CUSIP NO. 69806K 10 6 13G Page 2 of 6 Pages
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cambrian Capital Corporation (76-0504299)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
472,430
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
472,430
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
472,430
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
4.5%
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TYPE OF REPORTING PERSON*
12
CO
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Page 2 of 6
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CUSIP NO. 69806K 10 6 13G Page 3 of 6 Pages
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cambrian Capital Partners, L.P. (76-0504672)
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
472,430
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
472,430
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
472,430
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
4.5%
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TYPE OF REPORTING PERSON*
12
PN
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Page 3 of 6
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Item 1(a). Name of Issuer:
The name of the issuer is Pan Western Energy Corporation, an Oklahoma
corporation ("Pan Western").
Item 1(b). Address of Issuer's Principal Executive Offices:
The principal executive office of Pan Western is 1850 South Boulder Avenue,
Suite 300, Tulsa, Oklahoma 74119.
Item 2(a). Name of Person Filing:
The persons filing are Cambrian Capital Corporation ("Cambrian") and Cambrian
Capital Partners, L.P. ("Cambrian Partners").
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of each of Cambrian and Cambrian Partners is Two Houston Center, 909
Fannin, Suite 3150, Houston, Texas 77010
Item 2(c). Citizenship:
Cambrian is a corporation incorporated under the laws of Delaware and Cambrian
Partners is a limited partnership organized under the laws of Delaware.
Item 2(d). Title of Class of Securities:
The class of securities of Pan Western owned beneficially by each of Cambrian
and Cambrian Partners is common stock, $.01 par value per share ("Common
Stock").
Item 2(e). CUSIP Number:
Pan Western's CUSIP number is 69806K 10 6.
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or
13d-2(b) or (c), Check Whether the Person Filing is a:
Not applicable
Item 4. Ownership.
(a) The amount of securities beneficially owned by each of Cambrian and Cambrian
Partners is 472,430 shares of Common Stock.
Page 4 of 6
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(b) The percent of the Common Stock beneficially owned by each of Cambrian
and Cambrian Partners is 4.5%.
(c) Each of Cambrian and Cambrian Partners has the shared power to vote or to
direct the vote and the shared power to dispose or to direct the disposition
of 472,430 shares of the Common Stock (which includes presently exercisable
warrants to purchase 70,000 shares of Common Stock). Neither Cambrian nor
Cambrian Partners has the sole power to vote or direct the vote or the sole
power to dispose or to direct the disposition of any shares of the Common
Stock.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact as of the date hereof the
reporting person has ceased to be beneficial owner of more than five percent of
the class of securities, check the following: [X]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
Not applicable
Item 8. Identification and Classification of Members of the Group.
The identity of each member of the group is Cambrian Capital Corporation and
Cambrian Capital Partners, L.P.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
Page 5 of 6
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SIGNATURE
After reasonable inquiry and to be best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
October 6, 2000
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(Date)
Cambrian Capital Corporation
By: /s/ Raymond O. Weems
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Raymond O. Weems,
Managing Director
Cambrian Capital Partners, L.P.
By: Cambrian Capital Corporation,
its general partner
By: /s/ Raymond O. Weems
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Raymond O. Weems,
Managing Director
Page 6 of 6
