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F O R M 3 U.S. Securities and Exchange Commission OMB Approval
Washington, D.C. 20549 OMB Number 235-0204
Expires: September 30, 1998
Estimated ave.burden
hours per response .............___
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INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF
SECURITIES Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934,
Section17(a) of the Public Utility Holding Company
Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
- --------------------------------------------------------------------------------------------------------
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1. Name and Address of Reporting Person 2. Date of Event Requiring 3. IRS or Soc.Sec.No.
Statement (Month/Day/Yr) of Reporting Person
Keenan John A. (Voluntary)
04/30/1997
_____________________________________ _______________________ __________________
(Last) (First) (Middle)
4200 East Skelly Drive,
Suite 1000
_____________________________________ 4. Issuer Name and Ticker or Trading
(Street) Symbol
Alliance Resources PLC (ACREF)
Tulsa OK 74135
_____________________________________ _______________________________________________
(City) (State) (ZIP)
5. Relationship of Reporting Person to Issuer 6. If Amendment, Date of Original
(Check all applicable)
____X___ Director ________ 10% Owner ____________________________________
____X___ Officer ________ Other (Month/Day/Year)
(give title below) (specify below) 7. Individual or Joint/Group Filing
(Check Applicable Line)
Chairman and Managing Director
_____________________________________ _X_ Form filed by one Reporting Person
___ Form filed by more than one Reporting Person
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* If the Form is filed by more than one Reporting
Person, see Instruction 5(b)(v)
- ------------------------------------------------------------------------------------------------------------
Table I - Non-Derivative Securities Beneficially Owned
- ------------------------------------------------------------------------------------------------------------
1. Title of Security 2. Amount of 3. Ownership Form: 4. Nature of Indirect
(Instr. 4) Securities Direct (D) or Beneficial
Beneficially Indirect (I) Ownership
Owned (Instr. 4) (Instr. 5) (Instr. 5)
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
---------------------------- ---------------- ---------------- -----------------
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
(Print or Type Responses)
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FORM 3 (continued)
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- ------------------------------------------------------------------------------------------------------------
Table II - Derivative Securities Beneficially Owned
(e.g. puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------
1. Title of 2. Date Exercisable and 3. Title and Amount of Securities
Derivative Expiration Date Underlying Derivative Security
Security (Month/Day/Year) (Instr. 4)
Date Expiration Amount or Number
Exercisable Date Title of Shares
- -------------------------- ----------- ---------- ---------------- --------------------
Options 12/16/99 12/15/06 Ordinary Shares 150,000
- -------------------------- ----------- ---------- ---------------- --------------------
- -------------------------- ----------- ---------- ---------------- --------------------
- -------------------------- ----------- ---------- ---------------- --------------------
- -------------------------- ----------- ---------- ---------------- --------------------
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4. Conversion or Exercise 5. Ownership Form of 6. Nature of Indirect Beneficial
Price of Derivative Derivative Security: Ownership
Security Direct (D) or Indirect (I) (Instr. 5)
(Instr. 4) (Instr. 5)
---------------------------- ---------------------------------- ------------------------------
$1.33 (1) D
---------------------------- ---------------------------------- ------------------------------
---------------------------- ---------------------------------- ------------------------------
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---------------------------- ---------------------------------- ------------------------------
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Explanation of Responses:
(1) The exercise price of the Options, though exercisable in U.K. sterling, is
listed above in U.S. dollars, based upon the monetary conversion rate of $1.66
per pound of U.K. sterling on November 9, 1998.
/s/ John A. Keenan 12/16/98
--------------------------------- -----------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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