<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
McMoRan OIL & GAS
- --------------------------------------------------------------------------------
Name of Issuer
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
582445102
- --------------------------------------------------------------------------------
CUSIP Number
BOB GREENWOOD: ROBERTSON, STEPHENS & COMPANY
555 CALIFORNIA STREET, SUITE 2600, SAN FRANCISCO, CA 94104
(415) 781-9700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
JULY 15, 1997
- --------------------------------------------------------------------------------
Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
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>
CUSIP No. 582445102 13D Page 2 of 16 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
The Robertson Stephens Contrarian Fund
Tax I.D. 94-3174915
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /x/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
WC
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
CALIFORNIA
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 1,123,000
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 1,123,000
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,123,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
8.0%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IV
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP No. 582445102 13D Page 3 of 16 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Robertson, Stephens & Company, Incorporated
Tax I.D. 94-3172874 See Exhibit A for a list of Executive Officers
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /x/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
CALIFORNIA
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 1,525,500
(Includes shares held of record by The Robertson
Stephens Contrarian and Orphan Funds of which
Robertson, Stephens & Co. Investment Management,
L.P. is investment manager. Robertson Stephens &
Company, Inc. is General Partner of Robertson,
Stephens & Co. Investment Management, L.P. See
Item 5.)
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 1,525,500
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,525,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.9%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP No. 582445102 13D Page 4 of 16 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Paul Stephens
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /x/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
WC & PF
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
UNITED STATES
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 1,525,500
(Includes shares held of record by The Robertson
Stephens Contrarian and Orphan Funds of which
Robertson, Stephens & Co. Investment Management,
L.P. is investment manager. Robertson Stephens &
Company, Inc. is General Partner of Robertson,
Stephens & Co. Investment Management, L.P. See
Item 5.)
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 1,525,500
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,525,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.9%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP No. 582445102 13D Page 5 of 16 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Sanford Robertson
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /x/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
CALIFORNIA
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 1,525,500
(Includes shares held of record by The Robertson
Stephens Contrarian and Orphan Funds of which
Robertson, Stephens & Co. Investment Management,
L.P. is investment manager. Robertson Stephens &
Company, Inc. is General Partner of Robertson,
Stephens & Co. Investment Management, L.P. See
Item 5.)
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 1,525,500
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,525,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.9%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP No. 582445102 13D Page 6 of 16 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Michael G. McCaffery
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /x/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
CALIFORNIA
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 1,525,500
(Includes shares held of record by The Robertson
Stephens Contrarian and Orphan Funds of which
Robertson, Stephens & Co. Investment Management,
L.P. is investment manager. Robertson Stephens &
Company, Inc. is General Partner of Robertson,
Stephens & Co. Investment Management, L.P. See
Item 5.)
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 1,525,500
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,525,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.9%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP No. 582445102 13D Page 7 of 16 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
G. Randy Hecht
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /x/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
CALIFORNIA
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power
1,525,500 (Includes shares held of record by The
Robertson Stephens Contrarian and Orphan Funds of
which Robertson, Stephens & Co. Investment
Management, L.P. is investment manager. Robertson
Stephens & Company, Inc. is General Partner of
Robertson, Stephens & Co. Investment Management,
L.P. See Item 5.
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 1,525,500
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,525,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.9%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP No. 582445102 13D Page 8 of 16 Pages
--------- --- ----
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
Kenneth R. Fitzsimmons
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group* (b) /x/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Source of Funds*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) / /
- -------------------------------------------------------------------------------
(6) Citizenship or Place of Organization
CALIFORNIA
- -------------------------------------------------------------------------------
Number of Shares (7) Sole Voting
Beneficially Owned Power 0
by Each Reporting --------------------------------------------------
Person With (8) Shared Voting
Power 1,525,500
(Includes shares held of record by The Robertson
Stephens Contrarian and Orphan Funds of which
Robertson, Stephens & Co. Investment Management,
L.P. is investment manager. Robertson Stephens &
Company, Inc. is General Partner of Robertson,
Stephens & Co. Investment Management, L.P. See
Item 5.)
--------------------------------------------------
(9) Sole Dispositive
Power 0
--------------------------------------------------
(10) Shared Dispositive
Power 1,525,500
- -------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,525,000
- -------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
/ /
- -------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
10.9%
- -------------------------------------------------------------------------------
(14) Type of Reporting Person*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 Page 9 of 16
ITEM 1. SECURITY AND ISSUER.
This Schedule 13D is filed with respect to the Common Stock of McMoRan Oil
& Gas (the "Company").
ITEM 2: IDENTITY AND BACKGROUND.
The Schedule 13D is filed on behalf of The Robertson Stephens Contrarian
Fund, Robertson, Stephens & Company, Inc. ("RS&Co., Inc."), and RS&Co., Inc.'s
five shareholders, Messrs. Sanford R. Robertson, Paul H. Stephens, Michael G.
McCaffery, G. Randy Hecht, and Kenneth R. Fitzsimmons. The sale of the
Company's shares giving rise to this 13D were made by The Robertson Stephens
Contrarian Fund and Orphan Fund (the "Funds"). It is being filed due to a
mathematical error in the calculation of the ownership percentage held by the
Funds.
This Schedule 13D relates to the direct beneficial ownership in the shares
of the Company by the Fund, and the indirect beneficial ownership in the shares
of the Company held by the Funds. Messrs. Robertson, Stephens, McCaffery, Hecht
and Fitzsimmons disclaim any beneficial ownership with respect to shares of the
Company that RS&Co., Inc. may be deemed to be beneficially own, are included in
this Schedule 13D for protective disclosure purposes only, and shall not be
deemed by their inclusion in this Schedule 13D to have made any admission that
any such person has any beneficial interest in such shares.
Set forth below is the following information with respect to the persons
signing this Schedule 13D: name; place of organization; address of principal
business and office; principal business; information concerning criminal
convictions during the past five years; and information concerning civil or
administrative proceedings during the past five years with respect to any state
or federal securities laws.
I. (a) The Robertson Stephens Contrarian Fund, A Massachusetts Business
Trust. The Registered Investment Manager of The Robertson Stephens
Contrarian Fund is: Robertson, Stephens & Company Investment
Management, L.P. The General Partner of Robertson, Stephens & Co.
Investment Management, L.P. is Robertson, Stephens & Company,
Incorporated.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Business Trust, Registered Investment Company.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
II. (a) The Robertson Stephens Partners Fund, A Massachusetts Business Trust.
The Registered Investment Manager of The Robertson Stephens Partners
Fund is: Robertson, Stephens & Company Investment Management, L.P.
The General Partner of Robertson, Stephens & Company Investment
Management, L.P. is Robertson, Stephens & Company, Incorporated.
<PAGE>
CUSIP 582445102 Page 10 of 16
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Business Trust, Registered Investment Company.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
III. (a) Robertson, Stephens & Company, Incorporated, is a California
Corporation. Robertson, Stephens & Company, Incorporated is the
General Partner of Robertson, Stephens & Company, Investment
Management, L.P.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Corporation, Investment Banking.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
IV. (a) Paul H. Stephens.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Paul H. Stephens is Managing Director and Chief Investment Officer,
and a shareholder, of Robertson, Stephens & Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
V. (a) Sanford R. Robertson.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Sanford R. Robertson is the Chairman of and a shareholder of
Robertson, Stephens & Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VI. (a) Michael G. McCaffery.
<PAGE>
CUSIP 582445102 Page 11 of 16
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Michael G. McCaffery is the President and Chief Executive Officer, and
a shareholder, of Robertson, Stephens & Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VII. (a) G. Randy Hecht.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) G. Randy Hecht is the Executive Vice President, Chief Operating
Officer, and shareholder of Robertson, Stephens & Company,
Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VIII.(a) Kenneth R. Fitzsimmons.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Kenneth R. Fitzsimmons is the Managing Director, Director of Capital
Markets, and shareholder of Robertson, Stephens & Company,
Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
The securities with respect to which this Schedule 13D is filed were
purchased by the Funds using working capital contributed by their respective
partners.
ITEM 4: PURPOSE OF TRANSACTION:
The securities with respect to which this Schedule 13D is filed were
purchased by the Funds in the ordinary course of investment and not with the
intention nor effect of changing or influencing control of the Issuer. The
reporting persons may sell all or part or acquire additional securities of the
Issuer depending on market conditions and other economic factors.
<PAGE>
CUSIP 582445102 Page 12 of 16
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER.
(a) (b) The aggregate number and percentage of the class of securities
identified pursuant to Item 1 of this Schedule 13D that are beneficially owned
by the persons listed in Item 2 are as follows:
No. of Shares
Name of Beneficially Percentage of
Beneficial Owner Owned Class(1)
---------------------------------------------------------------------------
The Robertson Stephens Contrarian Fund 1,123,000 (2) 8.0%
Robertson, Stephens & Company, Incorporated 1,525,000 (4) 10.9%
Paul H. Stephens 1,525,000 (5,6) 10.9%
Sanford R. Robertson 1,525,000 (6) 10.9%
Michael G. McCaffery 1,525,000 (6) 10.9%
G. Randy Hecht 1,525,000 (6) 10.9%
Kenneth R. Fitzsimmons 1,525,000 (6) 10.9%
(1) All percentages in this table are based, pursuant to Rule 13D-1(e) of the
Securities Exchange Act of 1934, as amended, on 14,036,519 shares of Common
Stock of the Issuer outstanding as of March 31, 1997.
(2) The Robertson Stephens Contrarian Fund, is a Registered Investment Company.
Robertson, Stephens & Co. Investment Management, L.P. is the Registered
Investment Manager for the Contrarian Fund. RS&Co., Inc. is the General
Partner of Robertson, Stephens & Co. Investment Management, L.P.
(4) Robertson, Stephens & Company, Inc., a California Corporation, as General
Partner of the Contrarian Fund's Investment Adviser, Robertson Stephens
Investment Management L.P. , Inc., is deemed to have shared dispositive
power over 1,525,500 shares of the Company.
(5) Paul H. Stephens is the Chief Investment Officer of RS&Co., Inc. and as
such may be deemed to have shared voting power over 1,525,500 shares of the
Company held by the Funds.
(6) Disclaims beneficial ownership.
<PAGE>
CUSIP 582445102 Page 13 of 16
(c) The following is a list of transactions by the filing parties in the
last 60 days.
ENTITY DATE SHARES PRICE TRANSACTION
- ---------------- -------------- -------- ------- --------------
Orphan Fund June 6, 1997 10,000 3.38 Open Mkt. Sell
Orphan Fund June 10, 1997 49,000 3.25 Open Mkt. Sell
Contrarian Fund July 2, 1997 5,000 3.56 Open Mkt. Sell
Contrarian Fund July 8, 1997 15,000 3.51 Open Mkt. Sell
Contrarian Fund July 9, 1997 7,500 3.50 Open Mkt. Sell
Contrarian Fund July 10, 1997 49,920 3.50 Open Mkt. Sell
Contrarian Fund July 16, 1997 40,500 3.50 Open Mkt. Sell
Contrarian Fund July 18, 1997 30,000 3.47 Open Mkt. Sell
Contrarian Fund July 21, 1997 6,500 3.47 Open Mkt. Sell
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Please refer to Item 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following exhibits are filed herewith:
Exhibit A - Agreement of Joint Filing
<PAGE>
CUSIP 582445102 Page 14 of 16
ITEM 8. SIGNATURE PAGE.
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: July 23, 1997
THE ROBERTSON STEPHENS CONTRARIAN FUND, A MASSACHUSETTS BUSINESS TRUST.
By Robertson, Stephens & Company, Incorporated
By: PAUL H. STEPHENS*
------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, INCORPORATED
By: PAUL H. STEPHENS*
------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
PAUL H. STEPHENS*
------------------
Paul H. Stephens
SANFORD R. ROBERTSON*
----------------------
Sanford R. Robertson
MICHAEL G. MCCAFFERY*
----------------------
Michael G. McCaffery
G. RANDY HECHT*
-----------------
G. Randy Hecht
KENNETH R. FITZSIMMONS*
------------------------
Kenneth R. Fitzsimmons
*By:
------------------------------
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
<PAGE>
CUSIP 582445102 Page 15 of 16
EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant to Rule
13d-1(f)(1) of the Act of the Statement dated May 2,1994 containing the
information required by Schedule 13D, for the Common Stock of McMoRan Oil & Gas
held by The Robertson Stephens Contrarian Fund and Robertson, Stephens &
Company, Incorporated.
Dated: July 23, 1997
THE ROBERTSON STEPHENS CONTRARIAN FUND, A MASSACHUSETTS BUSINESS TRUST.
By Robertson, Stephens & Company, Incorporated
By: PAUL H. STEPHENS*
------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS PARTNERS FUND, A MASSACHUSETTS BUSINESS TRUST.
By Robertson, Stephens & Company, Incorporated
By: PAUL H. STEPHENS*
------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, INCORPORATED
By: PAUL H. STEPHENS*
------------------
Paul H. Stephens
Managing Director and Chief Investment Officer
PAUL H. STEPHENS*
-----------------
Paul H. Stephens
SANFORD R. ROBERTSON*
----------------------
Sanford R. Robertson
MICHAEL G. MCCAFFERY*
---------------------
Michael G. McCaffery
G. RANDY HECHT*
----------------
G. Randy Hecht
<PAGE>
CUSIP 582445102 Page 16 of 16
KENNETH R. FITZSIMMONS*
-------------------------
Kenneth R. Fitzsimmons
*By
----------------------------
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
