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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name and Address of Reporting Person:
Felix Ascanio, 4604 Hearthside Drive, Lawrence KS 66049
2. Issuer Name and Ticker or Trading Symbol:
Upland Energy Corporation (UPLC)
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Statement for Month/Year: 08/97
5. If Amendment, Date of Original (Month/Year):
6. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
(X) Director (X) Officer, give title below (X) 10% Owner ( ) Other
Title: President
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
TABLE I
NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security: Common Stock
2. Transaction Date (Month/Day/Year): 08/27/97
3. Transaction Code: Code: S
4. Securities Acquired (A) or Disposed of (D): Amount: (D) 2,500
5. Amount of Securities Beneficially Owned at End of Month: 300,000
6. Ownership Form: Direct (D) or Indirect (I): D
7. Nature of Indirect Beneficial Ownership: N/A
TABLE II
DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED
1. Title of Derivative Security: Options
2. Conversion or Exercise Price of Derivative Security: $2.00
3. Transaction Date (Month/Day/Year): N/A
4. Transaction Code: N/A
5. Number of Derivative Securities Acquired (A) or Disposed of (D): N/A
6. Date Exercisable and Expiration Date (Month/Day/Year): N/A
7. Title and Amount of Underlying Securities: N/A
8. Price of Derivative Security: N/A
9. Number of Derivative Securities Beneficially Owned at End of Month:25,000
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I): D
11. Nature of Indirect Beneficial Ownership: N/A
Explanation of Responses: N/A
Signature of Reporting Person: /S/ Felix Ascanio
Date: 09/04/97
