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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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UNITED STATES EXPLORATION, INC.
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(Name of Issuer)
Common Stock, $.0001 par value per share
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(Title of Class of Securities)
91182F 10 5
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(CUSIP Number)
Demetrie D. Carone
9819 South Richmond Avenue., Tulsa, Oklahoma 74137
(918) 298-3043
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
September 9, 1995
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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-l(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ x ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13a-l(a) for other parties to whom copies are to be
sent.
*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 (however, see the Notes)
SEC 1746 (12-91)
<PAGE>
SCHEDULE 13D
CUSIP No. 91182F 10 5 PAGE 2 OF 4 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR l.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DEMETRIE D. CARONE - ###-##-####
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
Personal funds and corporate funds from controlled corporation
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [ ]
ITEMS 2(d) or 2(e)
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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7 SOLE VOTING POWER
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NUMBER OF | | SOLE VOTING POWER
SHARES | | 480,000
BENEFICIALLY |-----------------------------------------------------------------
OWNED BY | | SHARED VOTING POWER
EACH | | 452,805
REPORTING |-----------------------------------------------------------------
WITH | | SOLE DISPOSITIVE POWER
| | 480,000
|-----------------------------------------------------------------
| | SHARED DIPOSITIVE POWER
| | 452,805
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
932,805
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.65%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
CUSIP No. 91182F 10 5 PAGE 3 OF 4 PAGES
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Item 1: SECURITY AND ISSUER
This Statement relates to the acquisition, disposition and beneficial
ownership of Common Shares ($.0001 par value per share) of United States
Exploration, Inc. (hereinafter the "Company"), whose principal place of business
is located at 1901 New Street, Independence, Kansas 67301.
Item 2: IDENTITY AND BACKGROUND
a. Name - Demetrie D. Carone
b. Address - 9819 South Richmond Ave., Tulsa, Oklahoma 74137
c. Occupation - Private Investor
d. During the past five years, Mr. Carone has not been convicted in any
criminal proceeding.
e. During the past five years, Mr. Carone has not been a party to a civil
proceeding before a judicial or administrative body of compentent
jurisdiction.
f. Mr. Carone is a citizen of the United States of America.
Item 3: SOURCE OF FUNDS OR OTHER CONSIDERATION
Mr. Carone acquired options of the Company in exchange for services
rendered to the Company, and acquired convertible debentures indirectly
through his position as an officer, director and principal shareholder of
Five Star Petroleum, Inc.
Item 4: PURPOSE OF TRANSACTION
The securities of the Company acquired by Mr. Carone were acquired for
purposes of investment.
Item 5: INTEREST IN SECURITIES OF THE ISSUER
a. As of the date of the filing of this Schedule, Mr. Carone had the right
to acquire, directly or indirectly, 932,805 Common Shares of the Company, which
number includes 480,000 shares underlying the options which remain unexercised
and an indirect interest in 407,805 shares of the Company's Common Stock
underlying Convertible Debentures owned by Five Star Petroleum, Inc. These
holdings represent 13.65% of the issued and outstanding Common Shares of the
Company.
b. Mr. Carone has the power to vote all of the shares held directly by him.
<PAGE>
SCHEDULE 13D
CUSIP No. 91182F 10 5 PAGE 4 OF 4 PAGES
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c. N/A
d. N/A
e. N/A
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
N/A
Item 7: MATERIAL TO BE FILED AS EXHIBITS
N/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in the Statement to Schedule 13-D is
true, correct and complete.
/S/ DEMETRIE D. CARONE Date: 9-3-96
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Demetrie D. Carone
