SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 2 TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
MALLON RESOURCES CORP.
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(Name of Issuer)
Common Stock, $0.01 Par Value
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(Title of Class of Securities)
561240201
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(CUSIP NUMBER)
CAMBRIDGE INVESTMENTS LIMITED
600 Montgomery Street
43rd Floor
San Francisco, California 94111
Tel. No.: (415) 781-0866
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Michael G. Tannenbaum, Esq.
Newman Tannenbaum Helpern Syracuse & Hirschtritt LLP
900 Third Avenue - 13th Floor
New York, New York 10022
(212) 508-6700
December 16, 1997
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(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 box [ ]
Check the following box if a fee is being paid with the statement [ ]
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, as amended ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act.
Page 1 of 6 Pages
<PAGE>
- ------------------------ --------------------------------
CUSIP No. 561240201 13D
- ------------------------ --------------------------------
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Cambridge Investments Limited
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
00
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 0 shares of Common Stock (See Item 5)
OWNED BY
EACH
REPORTING
PERSON WITH
- -------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
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9 SOLE DISPOSITIVE POWER
0 shares of Common Stock (See Item 5.)
- -------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0 shares of Common Stock (See Item 5.)
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* |_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0% of Common Stock (See Item 5)
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14 TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 2 of 6 Pages
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SCHEDULE 13D
This Amendment No. 2 to Schedule 13D is being filed on behalf
of Cambridge Investments Limited ("Cambridge" or "CIL"), a California
corporation, registered as an investment advisor in the State of California,
regarding shares of Mallon Resources Corp.
sold on behalf of certain of its clients.
Item 1. Security and Issuer
Securities acquired: Common Stock, $0.01 par value
Issuer: Mallon Resources Corp.
999 18th Street, Suite 1700
Denver, Colorado 80202
Tel. No. (303) 293-2333
Item 2. Identity and Background
There is no change in this section.
Item 3. Source and Amount of Funds
Cambridge, through Cambridge Energy Fund International ("CEF"),
Cambridge Energy L.P. ("CELP"), Cambridge Oil & Gas, L.P. ("COG"), Palamundo,
LDC ("PAL") and Cambridge has sold its entire interest in the common stock of
the Issuer.
Item 4. Purpose of the Transaction
Cambridge has ceased to beneficially own any of the Common
Stock of the Issuer; accordingly, this provision is inapplicable.
Item 5. Interest in Securities of the Issuer
(a) Cambridge, through CEF, CELP, COG, PAL and CIL has sold
its entire interest in the common stock of the Issuer.
(b) Cambridge has ceased to beneficially own any of the Common
Stock of the Issuer, accordingly, this provision is inapplicable.
(c) The transactions in the Issuer's Securities by Cambridge
over the last sixty (60) days are listed in Annex A attached hereto and made a
part hereof.
Page 3 of 6 Pages
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(d) Cambridge has ceased to beneficially own any of the Common
Stock of the Issuer; accordingly, this provision is inapplicable.
(e) There is no change in this subsection.
Item 6. Contracts, Arrangement, Understandings or Relationships with
Respect to Securities of the Issuer
There is no change in this section.
Item 7. Material to be Filed as Exhibits
There is no change in this section.
Page 4 of 6 Pages
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<TABLE>
ANNEX A
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MLRC
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<S> <C> <C> <C> <C>
DATE ACCOUNT TRANS SHARES PRICE
(A/D) ($)
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11/14/97 PAL D 2707 10.75
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12/16/97 CEF D 19600 8.77
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12/16/97 CEF D 39200 8.77
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12/16/97 CEF D 14157 8.77
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12/16/97 CEF D 14500 8.77
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12/16/97 CEF D 1093 8.77
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12/16/97 CIL D 140000 8.77
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12/17/97 CEF D 48643 8.57
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12/18/97 CELP D 12000 8.56
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12/18/97 COG D 17000 8.58
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12/19/97 CELP D 25000 8.41
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12/22/97 CELP D 5300 8.04
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12/22/97 CELP D 9300 8.04
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12/22/97 CELP D 30400 8.04
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12/23/97 CELP D 22900 8.39
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12/23/97 CELP D 69000 8.39
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</TABLE>
Page 5 of 6 Pages
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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: January 16, 1998
CAMBRIDGE INVESTMENTS LIMITED
By: /s/ Jocelyn E. Weingart,
Vice President
Page 6 of 6 Pages
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