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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No._____)*
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 106
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(CUSIP Number)
July 1, 1998
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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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5 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
802,430
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
802,430
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
802,430
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
18.1%
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12 TYPE OF REPORTING PERSON*
CO
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Page 2
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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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5 SOLE VOTING POWER
NUMBER OF 0
SHARES -----------------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
802,430
OWNED BY
-----------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON -----------------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
802,430
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
802,430
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
18.1%
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12 TYPE OF REPORTING PERSON*
PN
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Page 3
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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 OR PRINCIPAL PLACE OF BUSINESS 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 802,430 shares of Common Stock.
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(b) The percent of the Common Stock beneficially owned by each of Cambrian and
Cambrian Partners is 18.1%.
(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 802,430 shares of the Common Stock (which includes presently
exercisable warrants to purchase 400,000 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.
Not applicable
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.
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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.
September 14, 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
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