U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
Eagle Research Corporation
2. Date of Event Requiring Statement (Month/Day/Year)
March 23, 1998
3. IRS or Social Security Number of Reporting Person
4. Issuer Name and Ticker or Trading Symbol
MARCUM NATURAL GAS SERVICE, INC. (MGAS)
5. Relationship of Reporting Person to Issuer (check all applicable)
( ) Director
( ) Officer (give title below)
(x ) 10% Owner
( ) Other (specify below)
6. If Amendment Date of Original (Month/Year)
7. Individual or Joint/Group Filing (Check Applicable Line)
(x ) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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TABLE I - Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of Securities 3. Ownership Form 4. Nature of Indirect
Beneficially Owned Direct (D) or Beneficial Ownership
Indirect (I)
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<S> <C> <C> <C>
Common Stock 1,758,242(1) D
/TABLE
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<TABLE>
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TABLE II - Derivative Securities Beneficially Owned (e.g. puts, calls,
warrants, options, convertible securities)
1. Title of 2. Date Exercisable & 3. Title & Amount 4. Conversion or 5. Ownership Form 6. Nature of
Derivative Expiration Date of Securities Exercise Price of Derivative Indirect
Security Date |Expiration Underlying Deriv- of Derivative Security: Direct Beneficial
Exer- | Date ative Securities Security (I) or Direct (D) Ownership
cisable| Title |Amt. or #
|of Shares
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<S> <C> <C> <C> <C> <C> <C> <C>
Convertible Common
Note (1) (1) (1) Stock 843,956 n/a D
</TABLE>
Explanation of Responses:
(1) 1,758,242 shares of Common Stock were deemed received by Reporting Person
on March 23, 1998 under an Asset Purchase Agreement. Reporting Person has the
right to acquire an additional 843,956 shares of Common Stock pursuant to a
Convertible Note which conversion option is exercisable on the date of closing
under the Asset Purchase Agreement (approximately 4/22/98). Such shares are
beneficially owned by Eagle under Rule 13d-3 because Eagle has the right to
acquire such shares within 60 days after March 23,1998.
Signature of Reporting Person
EAGLE RESEARCH CORPORATION
By: /s/ Andrew Watson
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Date: April 1, 1998
