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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
TOREADOR ROYALTY CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.15625 PER SHARE
(Title of Class of Securities)
891041105
(CUSIP Number)
JANICE V. SHARRY, ESQ.
HAYNES AND BOONE, LLP
901 MAIN STREET, SUITE 3100
DALLAS, TEXAS 75202
(214) 651-5562
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
MAY 22, 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: [ ]
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SCHEDULE 13D
CUSIP NO. 891041105
<TABLE>
<S> <C>
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lee Global Energy Fund, L.P.
75-2569264
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A) [ ]
(B) [ ]
(3) SEC USE ONLY
(4) SOURCE OF FUNDS
WC
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
(7) SOLE VOTING POWER
NUMBER OF 508,000
SHARES
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 0
EACH
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON WITH 508,000
(10) SHARED DISPOSITIVE POWER
0
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
508,000
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
(14) TYPE OF REPORTING PERSON
PN
</TABLE>
SEE INSTRUCTIONS BEFORE FILLING OUT!
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Item 1. Security and Issuer.
This Statement on Schedule 13D (this "Statement") relates to the
shares of Common Stock, $0.15625 par value per share (the "Shares"), of
Toreador Royalty Corporation (the "Issuer"). The address of the principal
executive offices of the Issuer is 530 Preston Commons West, 8117 Preston Road,
Dallas, Texas 75225.
Item 2. Identity and Background.
This Statement is being filed on behalf of Lee Global Energy Fund,
L.P., a Texas limited partnership (the "Fund"). The principal business of the
Fund is investing. The general partner of the Fund is Gralee Partners, L.P., a
Texas limited partnership (the "Gralee Partners"). The principal business of
the Gralee Partners is serving as the general partner of the Fund. The general
partner of Gralee Partners is Gralee Capital Corp. (the "General Partner"),
whose principal business is serving as the general partner of Gralee Partners.
The executive officers and directors of the General Partner are as follows: G.
Thomas Graves III, President, John H. Rauscher, director, and William I. Lee,
Chairman and director (collectively, the "General Partner Officers"). The
address of the principal business and offices of the Fund, Gralee Partners and
the General Partner is 6688 North Central Expressway, Suite 1150, Dallas, Texas
75206. William I. Lee is the controlling stockholder of the General Partner.
Each of the General Partner Officers is a U.S. citizen. G. Thomas
Graves III is principally employed as President by Wilco Properties, Inc., a
company engaged in the business of oil and gas exploration, whose principal
address is 6688 North Central Expressway, Suite 1150, Dallas, Texas 75206.
William I. Lee is principally employed as Chairman by Wilco Properties, Inc.
whose principal address is set forth above. John H. Rauscher is an investor
and his address is Preston Royal Village, Suite 202, Dallas, Texas 75230.
During the past five years, none of the foregoing persons has been
convicted in a criminal proceeding or been a party to a civil proceeding, in
either case of the type specified in Items 2(d) or 2(e) of Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
The total amount of funds required by the Fund for the purchase of
the Securities was approximately $1,303,300 and was obtained from working
capital.
Item 4. Purpose of Transaction.
The Fund acquired the Shares in the ordinary course of business for
investment purposes. Consistent with its investment purpose, the Fund may
engage in communications with one or more of the Company's stockholders and/or
one or more of the Company's officers or members of the Company's Board of
Directors regarding the Company, including, without limitation, its operations.
The Fund does not currently have any plans or proposals which relate to or
would result in any of the actions or transactions specified in clauses (a)
through (j) of Item 4 of Schedule 13D. However, the Fund may at any time and
from time to time (i) acquire or dispose of the Shares, (ii) review or
reconsider its position, (iii) change its purpose and/or (iv) formulate plans
or proposals specified in clauses (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a) - (b) At May 30, 1997, the Fund beneficially owned 508,000
Shares, (which is approximately 9.9% of the shares of Common Stock outstanding
on March 31, 1997, based on information reported in the Company's Quarterly
Report on Form 10-Q for the quarter ended March 31, 1997 filed with the
Securities and Exchange Commission). The Fund has sole voting and dispositive
power with respect to the Shares.
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(c) In the past sixty days, the only transactions in the Shares by
the Fund were (i) the purchase of 504,000 Shares on May 22, 1997 for a purchase
price per share of $2.5626, (ii) the purchase of 2,000 Shares on May 27, 1997
for a purchase price per share of $2.9375, and (iii) the purchase of 2,000
Shares on May 28, 1997 for a purchase price of $2.9375. All of the
transactions were effected through registered broker dealers on the open
market.
(d) The Fund does not know any other person who has the right to
receive or the power to direct the receipt of dividends from or the proceeds
from the sale of any Shares beneficially owned by the Fund.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
None.
Item 7. Material to be Filed as Exhibits.
None.
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
LEE GLOBAL ENERGY FUND, L.P.
By: Gralee Partners, L.P., its general partner
By: Gralee Capital Corp., its general partner
By: /s/ G. Thomas Graves III
-----------------------------------------
Name: G. Thomas Graves III
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Title: President
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May 30, 1997
