UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons 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).
CUSIP No. |
893522 20 1 |
1 | NAMES OF REPORTING PERSONS Dalea Partners, LP |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Oklahoma | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 109,235,039 Common Shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
109,235,039 Common Shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
109,235,039 Common Shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
35.8% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
CUSIP No. |
893522 20 1 |
1 | NAMES OF REPORTING PERSONS Dalea Management, LLC |
||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Oklahoma | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 109,235,039 Common Shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
109,235,039 Common Shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
109,235,039 Common Shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
35.8% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
CUSIP No. |
893522 20 1 |
1 | NAMES OF REPORTING PERSONS Riata TransAtlantic LLC |
||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Oklahoma | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 1,150,028 Common Shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
1,150,028 Common Shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,150,028 Common Shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
0.4% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
CUSIP No. |
893522 20 1 |
1 | NAMES OF REPORTING PERSONS Longfellow Energy, LP |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Texas | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 49,583,333 Common Shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
49,583,333 Common Shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
49,583,333 Common Shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
16.2% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
CUSIP No. |
893522 20 1 |
1 | NAMES OF REPORTING PERSONS Deut 8, LLC |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
Texas | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 0 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 49,583,333 Common Shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 0 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
49,583,333 Common Shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
49,583,333 Common Shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
16.2% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
CO |
CUSIP No. |
893522 20 1 |
1 | NAMES OF REPORTING PERSONS N. Malone Mitchell, 3rd |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) |
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(a) þ | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC and OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
United States | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 87,802 Common Shares | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 159,968,400 Common Shares | ||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 87,802 Common Shares | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
159,968,400 Common Shares | |||||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
160,056,202 Common Shares | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
52.4% | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IN |
Item 1. | Security and Issuer. |
Item 2. | Identity and Background |
Item 3. | Source and Amount of Funds or Other Consideration |
Item 4. | Purpose of the Transaction. |
Item 5. | Interest in Securities of the Issuer. |
(a) | Amount beneficially owned: |
(i) | Dalea Partners beneficially owns the aggregate number and percentage of
the Issuers common shares as stated in Rows 11 and 13 of the Dalea Partners cover
page of this Seventh Amendment. |
||
(ii) | Dalea Management beneficially owns the aggregate number and percentage
of the Issuers common shares as stated in Rows 11 and 13 of the Dalea Management
cover page of this Seventh Amendment. |
||
(iii) | Riata TransAtlantic beneficially owns the aggregate number and
percentage of the Issuers common shares as stated in Rows 11 and 13 of the Riata
TransAtlantic cover page of this Seventh Amendment. |
||
(iv) | Longfellow beneficially owns the aggregate number and percentage of the
Issuers common shares as stated in Rows 11 and 13 of the Longfellow cover page of
this Seventh Amendment. Of the amount beneficially owned by Longfellow, 10,000,000
common shares represent the Longfellow Warrants which are exercisable for three
years and, upon exercise, will entitle the holder to purchase one common share of
the Issuer for each warrant at an exercise price of Cdn. $3.00 per share. A full
description of the Longfellow Warrants is contained in the Sixth Amendment to the
Schedule 13D filed on December 3, 2009. |
||
(v) | Deut 8 beneficially owns the aggregate number and percentage of the
Issuers common shares as stated in Rows 11 and 13 of the Deut 8 cover page of this
Seventh Amendment. Of the amount beneficially owned by Deut 8, 10,000,000 common
shares represent the Longfellow Warrants which are exercisable for three years and,
upon exercise, will entitle the holder to purchase one common share of the Issuer
for each warrant at an exercise price of Cdn. $3.00 per share. A full description
of the Longfellow Warrants is contained in the Sixth Amendment to the Schedule 13D
filed on December 3, 2009. |
||
(vi) | Mitchell beneficially owns the aggregate number and percentage of the
Issuers common shares as stated in Rows 11 and 13 of the Mitchell cover page of
this Seventh Amendment. Of the amount beneficially owned by Mitchell, 10,000,000
common shares represent the Longfellow Warrants which are exercisable for three
years and, upon exercise, will entitle the holder to purchase one common share of
the Issuer for each warrant at an exercise price of Cdn. $3.00 per share. A full
description of the Longfellow Warrants
is contained in the Sixth Amendment to the Schedule 13D filed on December 3,
2009. |
(b) | Power to Vote/ Power to Dispose: |
(i) | Dalea Partners shares the power to vote and the power to dispose the
amount of the Issuers common shares listed in Rows 8 and 10 of the Dalea Partners
cover page of this Seventh Amendment. |
||
(ii) | Dalea Management shares the power to vote and the power to dispose the
amount of the Issuers common shares listed in Rows 8 and 10 of the Dalea
Management cover page of this Seventh Amendment. |
||
(iii) | Riata TransAtlantic shares the power to vote and the power to dispose
the amount of the Issuers common shares listed in Rows 8 and 10 of the Riata
TransAtlantic cover page of this Seventh Amendment. |
||
(iv) | Longfellow shares the power to vote and the power to dispose the amount
of the Issuers common shares listed in Rows 8 and 10 of the Longfellow cover page
of this Seventh Amendment. |
||
(v) | Deut 8 shares the power to vote and the power to dispose the amount of
the Issuers common shares listed in Rows 8 and 10 of the Deut 8 cover page of this
Seventh Amendment. |
||
(vi) | Mitchell possesses the sole power to vote and the sole power to dispose
the amount of the Issuers common shares listed in Rows 7 and 9 of the Mitchell
cover page of this Seventh Amendment. Mitchell shares the power to vote and the
power to dispose the amount of the Issuers common shares listed in Rows 8 and 10
of the Mitchell cover page of this Seventh Amendment. |
(c) | On September 1, 2010, Dalea Partners acquired the Warrants in connection with the
borrowings of the Issuer under the Credit Agreement. In addition, on September 2, 2010,
Mitchell exercised options to acquire the Second Option Shares. |
||
(d) | Not applicable. |
||
(e) | Not applicable. |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Item 7. | Material to be Filed as Exhibits. |
Date: September 10, 2010 | DALEA PARTNERS, LP |
|||
By: | Dalea Management, LLC its general partner |
|||
By: | /s/ N. Malone Mitchell, 3rd | |||
Name: | N. Malone Mitchell, 3rd | |||
Title: | Manager | |||
DALEA MANAGEMENT, LLC |
||||
By: | /s/ N. Malone Mitchell, 3rd | |||
Name: | N. Malone Mitchell, 3rd | |||
Title: | Manager | |||
RIATA TRANSATLANTIC LLC |
||||
By: | /s/ N. Malone Mitchell, 3rd | |||
Name: | N. Malone Mitchell, 3rd | |||
Title: | Manager | |||
LONGFELLOW ENERGY, LP |
||||
By: | Deut 8, LLC its general partner |
|||
By: | /s/ N. Malone Mitchell, 3rd | |||
Name: | N. Malone Mitchell, 3rd | |||
Title: | Manager | |||
DEUT 8, LLC |
||||
By: | /s/ N. Malone Mitchell, 3rd | |||
Name: | N. Malone Mitchell, 3rd | |||
Title: | Manager | |||
/s/ N. Malone Mitchell, 3rd | ||||
N. MALONE MITCHELL, 3rd |