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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:
Felix Ascanio, 4604 Hearthside Drive, Lawrence, KS 66049
2. Date of Event Requiring Statement (Month/Date/Year): 06/30/97
3. IRS or Social Security Number of Reporting Person (Voluntary):
4. Issuer Name and Ticker or Trading Symbol:
Upland Energy Corporation (UPLC)
5. Relationship of Reporting Person(s) to Issuer (Check all Applicable)
(X) Director (X) Officer, give title below ( ) 10% Owner ( ) Other
Title: President
6. If Amendment, Date of Original (Month/Day/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
<TABLE>
<CAPTION> TABLE I - Non-Derivative Securities Beneficially Owned
1. Title of Security 2. Amount of 3. Ownership 4. Nature of
Securities Form: Direct Indirect
Beneficially (D) or Beneficial
Owned Indirect (I) Ownership
- -------------------- --------------- --------------- ---------------
<S> <C> <C> <C>
Common Stock 302,500 D N/A
</TABLE>
<TABLE>
<CAPTION> TABLE II - Derivative Securities Beneficially Owned
1. Title of 2. Date Exercisable 3. Title and Amount of 4. Conver- 5.
Ownership 6. Nature
Derivative and Expiration Securities Underlying sion or Form
of Of
Security Date (Month Day Derivative Security Exercise
Derivative Indirect
Year) Price of
Security: Ownership
------------------- ---------------------- Derivative Direct (D)
Date Exer- Expira- Title Amount or Security Or
Indirect
cisable tion Number of (I)
Date Shares
- ----------- ---------- -------- ----------- ---------- ----------
- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
<C>
Options to
Purchase
Common
Stock 12/16/96 12/16/2001 Common 25,000 $2.00
D N/A
Stock
</TABLE>
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Explanation of Responses:
Signature of Reporting Person:
/S/ Felix Ascanio
- ------------------------------------
Felix Ascanio
Date: 8/5/97
