-----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, Cbx8V6F5s+gdggD4ufw6bk8V9ssOruRKKGmvsrQm9etIQiAFtTII7Jotq2mJBo/x 8jmbh+1r9MqbZ8Hcxaobkw== 0000899140-08-000585.txt : 20080214 0000899140-08-000585.hdr.sgml : 20080214 20080214165117 ACCESSION NUMBER: 0000899140-08-000585 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080214 DATE AS OF CHANGE: 20080214 GROUP MEMBERS: PAUL TOURADJI GROUP MEMBERS: TOURADJI GLOBAL RESOURCES MASTER FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CANO PETROLEUM, INC CENTRAL INDEX KEY: 0001253710 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 980401645 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79317 FILM NUMBER: 08618139 BUSINESS ADDRESS: STREET 1: BURNETT PLAZA, 801 CHERRY STREET STREET 2: UNIT 25, SUITE 3200 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 817-698-0900 MAIL ADDRESS: STREET 1: BURNETT PLAZA, 801 CHERRY STREET STREET 2: UNIT 25, SUITE 3200 CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: HURON VENTURES INC DATE OF NAME CHANGE: 20030711 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TOURADJI CAPITAL MANAGEMENT, LP CENTRAL INDEX KEY: 0001336657 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 101 PARK AVENUE STREET 2: 47TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 BUSINESS PHONE: 212-984-8899 MAIL ADDRESS: STREET 1: 101 PARK AVENUE STREET 2: 47TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10178 SC 13G/A 1 c021308b.txt SECOND AMENDMENT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Amendment No. 2) Under the Securities Exchange Act of 1934* Cano Petroleum, Inc. -------------------- (Name of Issuer) Common Stock, $0.0001 par value ------------------------------- (Title of Class of Securities) 137801106 --------- (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 is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *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 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. 137801106 13G Page 2 of 7 Pages - ----------------------------- ---------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Touradji Capital Management, LP - ---------- --------------------------------------------------------------------- 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 ----- ---------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 707,823 BY EACH REPORTING ----- ---------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 707,823 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 707,823 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.9% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* PN - ---------- --------------------------------------------------------------------- -2- - ----------------------------- ---------------------- CUSIP No. 137801106 13G Page 3 of 7 Pages - ----------------------------- ---------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Touradji Global Resources Master Fund, 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 ----- ---------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 291,983 BY EACH REPORTING ----- ---------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 291,983 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 291,983 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.8% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- -3- - ----------------------------- ---------------------- CUSIP No. 137801106 13G Page 4 of 7 Pages - ----------------------------- ---------------------- - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Paul Touradji - ---------- --------------------------------------------------------------------- 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 ----- ---------------------------------------------------- 6 SHARED VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED 707,823 BY EACH REPORTING ----- ---------------------------------------------------- PERSON WITH 7 SOLE DISPOSITIVE POWER 0 ----- ---------------------------------------------------- 8 SHARED DISPOSITIVE POWER 707,823 - ---------- --------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 707,823 - ---------- --------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - ---------- --------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.9% - ---------- --------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - ---------- --------------------------------------------------------------------- -4- This Amendment No. 2 ("Amendment No. 2") amends the Schedule 13G filed on September 11, 2006 (the "Original 13G") by Touradji Capital Management, LP ("TCM") as amended by that certain Amendment No. 1 thereto filed on September 28, 2006 (as so amended, the "Schedule 13G"). This Amendment No. 2 is being filed in connection with the annual requirement to report changes in beneficial ownership not otherwise reported Further, this Amendment No. 2 reports beneficial ownership of less than 5% of the total outstanding Common Stock of the Company by all Reporting Persons. Capitalized terms used but not defined herein have the meaning ascribed thereto in the Schedule 13G. Item 4 Ownership: --------- Item (4) of the Original 13G is hereby amended by the deletion of the text thereof in its entirety and its replacement with the following: A. Touradji Capital Management, LP ------------------------------- (a) Amount beneficially owned: 707,823 shares of Common Stock. (b) Percent of Class: 1.9%. This percentage of stock beneficially owned is calculated based on a total of 37,517,565 shares of Common Stock outstanding as of February 6, 2008, as reported on the Issuer's Form 10-QSB for the quarterly period ended December 31, 2007. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 707,823 (iii)Sole power to dispose of or direct the disposition: -0- (iv) Shared power to dispose of or direct the disposition of: 707,823 B. Touradji Global Resources Master Fund, Ltd. ------------------------------------------- (a) Amount beneficially owned: 291,983 shares of Common Stock. (b) Percent of Class: 0.8%. This percentage of stock beneficially owned is calculated based on a total of 37,517,565 shares of Common Stock outstanding as of February 6, 2008, as reported on the Issuer's Form 10-QSB for the quarterly period ended December 31, 2007. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 291,983 (iii)Sole power to dispose of or direct the disposition: -0- (iv) Shared power to dispose of or direct the disposition of: 291,983 -5- C. Paul Touradji ------------- (a) Amount beneficially owned: 707,823 shares of Common Stock. (b) Percent of Class: 1.9%. This percentage of stock beneficially owned is calculated based on a total of 37,517,565 shares of Common Stock outstanding as of February 6, 2008, as reported on the Issuer's Form 10-QSB for the quarterly period ended December 31, 2007. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 707,823 (iii)Sole power to dispose of or direct the disposition: -0- (iv) Shared power to dispose of or direct the disposition of: 707,823 Item 5 Ownership of Five Percent or Less of a Class: -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ X ] 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. [THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK] -6- SIGNATURE --------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 14, 2008 TOURADJI CAPITAL MANAGEMENT, LP By: Touradji Capital GP, LLC, its general partner By: /s/ Paul Touradji --------------------------------------------- Name: Paul Touradji Title: Managing Member TOURADJI GLOBAL RESOURCES MASTER FUND, LTD. By: /s/ Paul Touradji --------------------------------------------- Name: Paul Touradji Title: Director PAUL TOURADJI /s/ Paul Touradji ------------------------------------------------- Paul Touradji [SIGNATURE PAGE TO AMENDMENT NO. 2 TO SCHEDULE 13G WITH RESPECT TO CANO PETROLEUM, INC.] -7- -----END PRIVACY-ENHANCED MESSAGE-----