1. Name and Address of Reporting Person
Licata Mark C.
- ---------------------------------------
(Last) (First) (Middle)
1221 McKinney, Suite 1800
- ---------------------------------------
(Street)
Houston, Texas 77010
- ---------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement
07/31/97
3. IRS or Social Security Number of Reporting Person (Voluntary)
(blank)
4. Issuer Name and Ticker or Trading Symbol
Panaco, Inc. (PANA)
5. Relationship of Reporting Person(s) to Issuer
Director & Officer
Title: Vice President & General Counsel
6. If Amendment, Date of Original
(blank)
7. Individual or Joint/Group Filing
Form filed by One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security Amount of Securities Ownership Form
Direct (D) or
Indirect (I)
Common Stock 1,606,146 D
Table II
(blank)
Dated: August 7, 1997
\s\Mark C. Licata
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Mark C. Licata
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