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| FORM 4 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
[X] Check this box if
no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the Securities
obligations may Exchange Act of 1934, Section 17(a) of the
continue. See Public Utility Holding Company Act of 1935 or
Instruction 1(b). Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Cambrian Capital Corporation
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(Last) (First) (Middle)
Two Houston Center, 909 Fannin, Suite 3150
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(Street)
Houston Texas 77010
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Pan Western Energy Corporation (PWEC)
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3. I.R.S. Identification Number of Reporting Person, if an entity
(voluntary) 76-0504299
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4. Statement for Month/Year September 2000
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
Director Officer X 10% Owner Other
--- --- --- ---
(give title below) (specify below)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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____ Form filed by More than One Reporting Person
Table I--Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
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1. Title 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
of action action or Disposed of (D) Securities ship of In-
Security Date Code (Instr. 3, 4 and 5) Beneficially Form: direct
(Instr. 3) (Month/ (Instr. 8) Owned at Direct Bene-
Day/ ----------------------------------------------- End of (D) or ficial
Year) Month Indirect Owner-
Code V Amount (A) or Price (Instr. 3 and 4) (I) ship
(D) (Instr. 4) (Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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</TABLE>
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transac- 5. Number of Deriv-
Security (Instr. 3) sion or action tion Code ative Securities
Exercise Date (Instr. 8) Acquired (A) or
Price of (Month/ Disposed of (D)
Deriv- Day/ (Instr. 3, 4, and 5)
ative Year)
Security
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Code V (A) (D)
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<S> <C> <C> <C> <C> <C> <C>
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Common Stock Warrant
(right to buy) $2.00 09/28/00 H(1) 200,000
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Common Stock Warrant
(right to buy) $2.00 09/28/00 H(1) 200,000
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Common Stock Warrant
(right to buy) $7.00 09/28/00 P(1) 70,000
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</TABLE>
Table II--Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
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6. Date Exer- 7. Title and Amount of 8. Price 9. Number 10. Owner- 11. Na-
cisable and Underlying Securities of of Deriv- ship ture
Expiration (Instr. 3 and 4) Deriv- ative Form of In-
Date ative Secur- of De- direct
(Month/Day/ Secur- ities rivative Bene-
Year) ity Bene- Security: ficial
(Instr. ficially Direct (D) Owner-
-------------------------------------------- 5) Owned or ship
Date Expira- Amount or at End Indirect (I) (Instr.
Exer- tion Title Number of of (Instr. 4) 4)
cisable Date Shares Month
(Instr. 4)
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Immed. 06/30/03 Common 200,000 (2) 0 I as general
Stock partner of
a limited
partner-
ship (3)
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Immed. 06/30/03 Common 200,000 (2) 0 I as general
Stock partner of
a limited
partner-
ship (3)
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Immed. 06/30/03 Common 70,000 (2) 70,000 I as general
Stock partner of
a limited
partner-
ship (3)
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Explanation of Responses:
(1) The warrant for 70,000 shares was issued in consideration for the cancellation of the two warrants for 200,000 shares each.
(2) Each warrant for 200,000 shares was issued as additional consideration for a loan made to Pan Western Energy Corporation and
the warrant for 70,000 shares was issued in consideration for the cancellation of such warrants.
(3) Cambrian Capital Corporation is the general partner of Cambrian Capital Partners, L.P. which directly owns the reported
securities and Cambrian Capital Corporation disclaims beneficial ownership of such securities except to the extent of its
pecuniary interest therein.
</TABLE>
Cambrian Capital Corporation
By: /s/ Raymond O. Weems 10/06/00
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Raymond O. Weems, Managing Director Date
**Signature of Reporting Person
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If the form is filed by more than one reporting person,
see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
