U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Petro Union, Inc.
(Name of Issuer)
Common Stock, No Par Value
(Title of Class of Securities)
716456306
(Cusip Number)
Pieter J.A. Riksman, Le Hazey, 27600 St. Barbe,
Sur Gaillon, France
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
10/10/97
(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 [ ].
* 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.
CUSIP No. 716456306
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1. Name of Reporting Persons S.S. or I.R.S. Identification
Numbers of Above persons:
Pieter J.A. Riksman
2. Check the appropriate box if a Member of a Group
(See Instructions)
a.
b. X
3. SEC Use Only:
4. Source of Funds (See Instructions)
00
5. Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e):
6. Citizenship or Place of Organization:
The Netherlands
Number of Shares Beneficially Owned by Each Reporting Persons
With:
7. Sole Voting Power:
78,493
8. Shared Voting Power:
0
9. Sole Dispositive Power:
78,493
10. Shared Dispositive Power:
0
11. Aggregate Amount Beneficially Owned by each Reporting
Person:
78,493
12. Check if the Aggregate Amount in Row (11) Excludes Certain
Shares (See Instructions):
<PAGE>
13. Percent of Class Represented by Amount in Row (11):
7.8%
14. Type of Reporting Person (See Instructions):
IN
<PAGE>
Item 1. Security and Issuer
This statement relates to the common stock, no par value
of Petro Union, Inc. ("Common Stock"), the Issuer, whose address
and principal offices are located at 575 Madison Ave., Suite
1006, New York, NY 10022.
Item 2. Identity and Background
(a) Name: Pieter J.A. Riksman.
(b) Residence or Business Address: Le Hazey, 27600 St.
Barbe sue Gaillon, France.
(c) Principal occupation: Software Engineer
(d) The filing person has not been convicted in any
criminal proceeding during the last five years.
(e) The filing person has not been a party in the last five
years to any civil proceeding, of a judicial or administrative
body of competent jurisdiction, which resulted in a judgment or
decree, or final order enjoining him, her or it from future
violations of, or prohibiting or mandating activities subject to
federal or state securities laws, or which found any violation
with respect to such laws.
(f) Citizenship: The Netherlands.
Item 3. Source and Amount of Funds or Other Consideration
Petro Union, Inc. (the "Company") filed a voluntary petition
for relief pursuant to Chapter 11 of the United States Bankruptcy
Code. Under its First Amended Plan of Reorganization accepted by
the Bankruptcy Court of the Southern District of Indiana on
August 28, 1997, the Company's proposal to merge with its largest
competitor Horizontal Ventures, Inc. ("HVI") was approved. The
Company acquired on September 9, 1997. The shares of the Company
received are in consideration for the filing person's stock in
HVI acquired by Petro Union, Inc.
Item 4. Purpose of Transaction
Shares were acquired in merger described in Item 3.
Item 5. Interest in Securities of the Issuer
(a) 78,493
(b) 78,493
<PAGE>
(c) N/A.
(d) N/A.
(e) N/A.
Item 6. Contract, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
N/A
Item 7. Material to be Filed as Exhibits
SIGNATURES
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.
Date: October 16, 1997 By:
Pieter J.A. Riksman
