-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GTTB1Nq40Mi6rMpH2cjXrbEuFZK6qzgnCZJqYS9+BZGQ5CSjjIZhZ0HPfQgzmuP2 f+i2pNBkIYI1n6TYlilOBA== 0001193805-08-000633.txt : 20080214 0001193805-08-000633.hdr.sgml : 20080214 20080214161310 ACCESSION NUMBER: 0001193805-08-000633 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 GROUP MEMBERS: DWIGHT ANDERSON GROUP MEMBERS: OSPRAIE (CAYMAN) GP II LTD. GROUP MEMBERS: OSPRAIE GROUP LLC GROUP MEMBERS: OSPRAIE HOLDING I, L.P. GROUP MEMBERS: OSPRAIE MANAGEMENT, INC. GROUP MEMBERS: OSPRAIE SELECT LONG EQUITY PORTFOLIO L.P. GROUP MEMBERS: THE OSPRAIE PORTFOLIO LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COMPTON PETROLEUM CORP CENTRAL INDEX KEY: 0001043572 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-81204 FILM NUMBER: 08615769 BUSINESS ADDRESS: STREET 1: 425-1ST STREET SW STREET 2: SUITE 3300 CITY: CALGARY ALBERTA T2P-3H7 STATE: A0 ZIP: T2P 3L8 MAIL ADDRESS: STREET 1: SUITE 3300 STREET 2: 425-1ST STREET SW CITY: CALGARY ALBERTA CANADA STATE: A0 ZIP: T2P 3L8 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ospraie Management, LLC CENTRAL INDEX KEY: 0001326533 IRS NUMBER: 432079473 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 320 PARK AVENUE STREET 2: 27TH FLORR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 602-5057 MAIL ADDRESS: STREET 1: 320 PARK AVENUE STREET 2: 27TH FLORR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G/A 1 e603215_sc13ga-compton.txt AMENDMENT NO. 1 TO SCHEDULE 13G SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13G* (Rule 13d-102) (Amendment No. 1)* INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) Compton Petroleum Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 204940100 (CUSIP Number) December 31, 2007 (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) (Page 1 of 16 Pages) - ---------- *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 the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes 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. 204940100 13G Page 2 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) The Ospraie Portfolio Ltd. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 9,449,500 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 9,449,500 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,449,500 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.32% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** CO - -------------------------------------------------------------------------------- CUSIP No. 204940100 13G Page 3 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Management, LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 10,949,500 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 10,949,500 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,949,500 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.48% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** OO - -------------------------------------------------------------------------------- CUSIP No. 204940100 13G Page 4 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Holding I, L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 10,949,500 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 10,949,500 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,949,500 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.48% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** PN - -------------------------------------------------------------------------------- CUSIP No. 204940100 13G Page 5 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Management, Inc. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 10,949,500 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 10,949,500 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,949,500 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.48% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** CO - -------------------------------------------------------------------------------- CUSIP No. 204940100 13G Page 6 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Select Long Equity Portfolio L.P. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 1,500,000 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,500,000 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.16% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** CO - -------------------------------------------------------------------------------- CUSIP No. 204940100 13G Page 7 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie (Cayman) GP II Ltd. - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 1,500,000 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,500,000 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.16% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** CO - -------------------------------------------------------------------------------- CUSIP No. 204940100 13G Page 8 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Ospraie Group LLC - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 1,500,000 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 1,500,000 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,500,000 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.16% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** CO - -------------------------------------------------------------------------------- CUSIP No. 204940100 13G Page 9 of 16 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dwight Anderson - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** (a) |_| (b) |X| - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 5. SOLE VOTING POWER 0 ----------------------------------------------------------------- NUMBER OF 6. SHARED VOTING POWER SHARES BENEFICIALLY 10,949,500 OWNED BY ----------------------------------------------------------------- EACH 7. SOLE DISPOSITIVE POWER REPORTING PERSON 0 WITH ----------------------------------------------------------------- 8. SHARED DISPOSITIVE POWER 10,949,500 - -------------------------------------------------------------------------------- 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,949,500 - -------------------------------------------------------------------------------- 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES** |_| - -------------------------------------------------------------------------------- 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.48% - -------------------------------------------------------------------------------- 12. TYPE OF REPORTING PERSON** IN - -------------------------------------------------------------------------------- Page 10 of 16 Item 1(a). Name of Issuer: The name of the issuer is COMPTON PETROLEUM CORPORATION (the "Company") Item 1(b). Address of Issuer's Principal Executive Offices: The Company's principal executive offices are located at: 3300, Fifth Avenue Place East Tower, 425-1st Street SW Calgary, Alberta, Canada T2P 3L8 Item 2(a). Name of Person Filing: This statement is filed by: (i) The Ospraie Portfolio Ltd., a Cayman Islands exempted company ("Portfolio"), with respect to the shares of Common Stock held by it; (ii) Ospraie Management, LLC, a Delaware limited liability company ("Investment Manager"), which serves as investment manager to Portfolio and OSLEP LP (as defined below), with respect to the shares of Common Stock directly owned by Portfolio and OSLEP LP; (iii) Ospraie Holding I, L.P., a Delaware limited partnership ("Ospraie Holding"), which serves as the managing member of Investment Manager, with respect to the shares of Common Stock directly owned by Portfolio and OSLEP LP; (iv) Ospraie Management, Inc., a Delaware corporation ("Ospraie Management"), which serves as the general partner of Ospraie Holding, with respect to the shares of Common Stock directly owned by Portfolio and OSLEP LP; (v) Ospraie Select Long Equity Portfolio L.P., a Cayman Islands limited partnership("OSLEP LP"), with respect to the shares of Common Stock held by it; (vi) Ospraie (Cayman) GP II Ltd., a Cayman Islands exempted Company ("Ospraie GP II"), which serves as the general partner of OSLEP LP, with respect to the shares of Common Stock owned directly by OSLEP LP; (vii) Ospraie Group LLC, a Delaware limited liability Company ("Ospraie Group"), which serves as the 100% sole owner of Ospraie GP II, with respect to the shares of Common Stock owned directly by OSLEP LP; and (viii) Dwight Anderson ("Mr. Anderson"), the president and sole shareholder of Ospraie Management and the manager of Ospraie Group, with respect to the shares of Common Stock directly owned by Portfolio and OSLEP LP. Page 11 of 16 The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. Item 2(b). Address of Principal Business Office or, if None, Residence: The address of the business office of each of the Reporting Persons other than Portfolio, OSLEP LP and Ospraie GP II is 320 Park Avenue, 27th Floor, New York, New York 10022, U.S.A. The address of the office of Portfolio, OSLEP LP and Ospraie GP II is c/o M&C Corporate Services Limited, PO Box 309 GT, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands. Item 2(c). Citizenship: Each of Portfolio and Ospraie GP II is a Cayman Islands exempted company. OLSEP LP is a limited partnership organized under the laws of the Cayman Islands. Each of Investment Manager and Ospraie Group is a limited liability company organized under the laws of the State of Delaware. Ospraie Holding is a limited partnership organized under the laws of the State of Delaware. Ospraie Management is a corporation organized under the laws of the State of Delaware. Mr. Anderson is a United States citizen. Item 2(d). Title of Class of Securities: Common Stock. Item 2(e). CUSIP Number: 204940100 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act, (b) [ ] Bank as defined in Section 3(a)(6) of the Act, (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act, (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) [ ] Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E), (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F), (g) [ ] Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G), (h) [ ] Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) [ ] Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940, (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check the box.[X] Page 12 of 16 Item 4. Ownership. A. The Ospraie Portfolio Ltd. (a) Amount beneficially owned: 9,449,500 shares of Common Stock. The filing of this statement shall not be deemed an admission that Portfolio beneficially owns any shares of Common Stock as determined under Section 13(d) of the Securities Exchange Act of 1934 or the regulations promulgated thereunder. (b) Percent of Class: 7.32%. The percentages used herein are calculated based upon 129,079,361 shares of Common Stock outstanding. (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 0 (ii) shared power to vote or direct the vote: 9,449,500 (iii) sole power to dispose or direct the disposition: 0 (iv) shared power to dispose or direct the disposition: 9,449,500 B. Ospraie Management, LLC (a) Amount beneficially owned: 10,949,500 shares of Common Stock. (b) Percent of class: 8.48% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 10,949,500 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 10,949,500 C. Ospraie Holding I, L.P. (a) Amount beneficially owned: 10,949,500 shares of Common Stock. (b) Percent of class: 8.48% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 10,949,500 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 10,949,500 D. Ospraie Management, Inc. (a) Amount beneficially owned: 10,949,500 shares of Common Stock. (b) Percent of class: 8.48% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 10,949,500 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 10,949,500 Page 13 of 16 E. Ospraie Select Long Equity Portfolio L.P. (a) Amount beneficially owned: 1,500,000 shares of Common Stock. (b) Percent of class: 1.16% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,500,000 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,500,000 F. Ospraie (Cayman) GP II Ltd. (a) Amount beneficially owned: 1,500,000 shares of Common Stock. (b) Percent of class: 1.16% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,500,000 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,500,000 G. Ospraie Group LLC (a) Amount beneficially owned: 1,500,000 shares of Common Stock. (b) Percent of class: 1.16% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 1,500,000 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 1,500,000 H. Dwight Anderson (a) Amount beneficially owned: 10,949,500 shares of Common Stock. (b) Percent of class: 8.48% (c) Number of shares as to which such person has: (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 10,949,500 (iii) Sole power to dispose or direct the disposition: 0 (iv) Shared power to dispose or direct the disposition: 10,949,500 Page 14 of 16 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Investment Manager, in its capacity as the investment manager to Portfolio and OSLEP LP, has the power to direct the investment activities of Portfolio and OSLEP LP, including decisions with respect to the disposition of the proceeds from the sale of shares of Common Stock. Ospraie Holding is the managing member of the Investment Manager and in that capacity directs its operations. Ospraie Management is the general partner of Ospraie Holding and in that capacity directs its operations. Ospraie GP II is the general partner of OSLEP LP and in that capacity directs its operations and holds voting and dispositive power over its shares. Osprae GP II is wholly-owned by Ospraie Group, and in that regard Ospraie Group directs the operations of Ospraie GP II. Mr. Anderson is the president and sole shareholder of Ospraie Management and the manager of Ospraie Group and in that capacity, directs their operations. The shareholders and limited partners of Portfolio and OSLEP LP, respectively, have the right to receive dividends from, or proceeds from the sale of, shares of Common Stock held by Portfolio and OSLEP LP, respectively, in accordance with their ownership interests in Portfolio and OSLEP LP, respectively. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable. Item 8. Identification and Classification of Members of the Group. See Item 2. The Reporting Persons disclaim the existence of a group with one another. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. Each of the Reporting Persons hereby makes the following certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 15 of 16 SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: February 14, 2008 OSPRAIE MANAGEMENT, LLC By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE HOLDING I, L.P. By: Ospraie Management, Inc., its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE MANAGEMENT, INC., By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory THE OSPRAIE PORTFOLIO LTD. By: Ospraie Management, LLC, its Investment Manager By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory Page 16 of 16 OSPRAIE SELECT LONG EQUITY PORTFOLIO L.P. By: Ospraie Management, LLC its Investment Manager By: Ospraie Holding I L.P. its Managing Member By: Ospraie Management, Inc. its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE (CAYMAN) GP II LTD. By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE GROUP LLC By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory DWIGHT ANDERSON By: /s/ Kirk Rule -------------------------- Kirk Rule, Attorney-in-fact EXHIBIT INDEX Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Power of Attorney, dated December 13, 2006, granted by Dwight Anderson in favor of Kirk Rule, Eric Vincent and Michael Fischer (incorporated by reference to Exhibit 99.1 of the Schedule 13G filed by the reporting persons (other than Portfolio) on December 29, 2006 with respect to Nova Biosource Fuels, Inc.). EX-99.1 2 e603215_ex99-1.txt JOINT FILING AGREEMENT Exhibit 99.1 Joint Filing Agreement The undersigned agree that this Schedule 13G, and all amendments thereto and any Schedule 13D required to be filed, relating to the Common Shares of Compton Petroleum Corporation shall be filed jointly by the undersigned. OSPRAIE MANAGEMENT, LLC By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE HOLDING I, L.P. By: Ospraie Management, Inc., its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE MANAGEMENT, INC., By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory THE OSPRAIE PORTFOLIO LTD. By: Ospraie Management, LLC, its Investment Manager By: Ospraie Holding I, L.P., its Managing Member By: Ospraie Management, Inc., its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE SELECT LONG EQUITY PORTFOLIO L.P. By: Ospraie Management, LLC its Investment Manager By: Ospraie Holding I L.P. its Managing Member By: Ospraie Management, Inc. its General Partner By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE (CAYMAN) GP II LTD. By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory OSPRAIE GROUP LLC By: /s/ Kirk Rule -------------------------- Kirk Rule Authorized Signatory DWIGHT ANDERSON By: /s/ Kirk Rule -------------------------- Kirk Rule, Attorney-in-fact -----END PRIVACY-ENHANCED MESSAGE-----