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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _____)
Snyder Oil Corporation
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
833482102
(CUSIP Number)
December 31, 1998
(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 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).
Page 1 of 5 Pages
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CUSIP No. 833482102
1. NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Oak Tree Partners, L.P.
GEM Convertible Securities Partners, L.P.
GBU Inc.
Gerald B. Unterman
GEM Capital Management, Inc.
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2. 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. CITIZENSHIP OR PLACE OF ORGANIZATION
Oak Tree Partners, L.P. - Delaware
GEM Convertible Securities Partners, L.P. - New York
GBU Inc. - New York
Gerald B. Unterman - U.S. Citizen
GEM Capital Management, Inc. - New York
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5. SOLE VOTING POWER
NUMBER OF 315,327 shares beneficially owned by
SHARES GEM Capital Management, Inc. No
BENEFICIALLY other Reporting Person beneficially
OWNED BY owns any shares
EACH
REPORTING
PERSON
WITH
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6. SHARED VOTING POWER
-0-
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7. SOLE DISPOSITIVE POWER
315,327
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8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
315,327
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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)
.95%
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12. TYPE OF REPORTING PERSON *
IA (GBU Inc. and GEM Capital Management, Inc.)
PN (Oak Tree Partners, L.P. and GEM Convertible Securities
Partners, L.P.)
IN (Gerald B. Unterman)
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* SEE INSTRUCTIONS BEFORE FILLING OUT
Page 2 of 5 Pages
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Item 1(a). Name of Issuer
Snyder Oil Corporation, a Delaware corporation.
Item 1(b). Address of Issuer's Principal Executive Offices
777 Main Street
Suite 2500
Fort Worth, Texas 76102
Item 2(a). Name of Persons Filing
Oak Tree Partners, L.P.
GEM Convertible Securities Partners, L.P.
GBU Inc.
GEM Capital Management, Inc.
Gerald B. Unterman
Item 2(b). Address of Principal Business Office
70 East 55th Street - 12th Floor
New York, NY 10022
Item 2(c). Citizenship
Oak Tree Partners, L.P. - Delaware
GEM Convertible Securities Partners, L.P. - New York
GBU Inc. - New York
Gerald B. Unterman - U.S. Citizen
GEM Capital Management, Inc. - New York
Item 2(d). Title of Class of Securities
Common Stock, $0.0l par value
Item 2(e). CUSIP Number
833482102
Item 3. This Statement is filed pursuant to
Rule 13d-1(c)
Item 4. Ownership as of December 31, 1998
The information contained in Items 5-11 on the cover pages is
incorporated hereby by reference.
Item 5. Ownership of Five Percent or Less of a Class
This Statement is being filed to report the fact that as of
December 31, 1998 the Reporting Persons have ceased to be the
beneficial owner of more than five percent (5%) of the Common
Stock of Snyder Oil Corporation.
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person
Not Applicable
Item 7. Identification and Classification of Certain Subsidiaries
Not Applicable
Item 8. Identification and Classification of Members of a Group
Not Applicable
Item 9. Notice of Dissolution of a Group
Not Applicable
Page 3 of 5 Pages
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Item 10. Certification
By signing below the undersigned certify that, to the best of their
knowledge and belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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.
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and accurate.
SIGNATURE:
Date: January 22, 1999
OAK TREE PARTNERS, L.P.
By: GBU INC., General Partner
By: /s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
President
GEM CONVERTIBLE SECURITIES PARTNERS,
L.P.
By: GBU INC., General Partner
By: /s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
President
/s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
GBU INC.
By: /s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
President
GEM CAPITAL MANAGEMENT, INC.
By: /s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
President
Page 4 of 5 Pages
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EXHIBIT "A"
The undersigned hereby agree that for the purposes of complying with
Regulation 13D promulgated under the Securities Exchange Act of 1934, as
amended, relating to the reporting of beneficial ownership, from time to time,
of the Common Stock of Snyder Oil Corporation, by each of the undersigned, only
one statement on Schedule 13G (or one Amendment, as the case may be, in the
event an amendment to the Schedule 13G is required to be filed), will be filed
on behalf of each of the undersigned.
Dated: January 22, 1999
OAK TREE PARTNERS, L.P.
By: GBU INC., General Partner
By: /s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
President
GEM CONVERTIBLE SECURITIES PARTNERS,
L.P.
By: GBU INC., General Partner
By: /s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
President
/s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
GBU INC.
By: /s/ Gerald B. Unterman
----------------------
Gerald B. Unterman
President
GEM CAPITAL MANAGEMENT, INC.
By: /s/Gerald B. Unterman
----------------------
Gerald B. Unterman
President
Page 5 of 5 Pages
