SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* STELLAR FUNDING LTD (Last) (First) (Middle) C/O GUGGENHEIM INVESTMENT MANAGEMENT LLC 135 EAST 57TH STREET, 23RD FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol MISSION RESOURCES CORP [ MSSN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/28/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $1.00 per share ("Common Stock")	07/28/2005		S(1)		1,250,000	D	(1)	0	I(2)(3)	By Guggenheim Capital LLC
Common Stock	07/28/2005		S(1)		5,000,000	D	(1)	0	D(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* STELLAR FUNDING LTD (Last) (First) (Middle) C/O GUGGENHEIM INVESTMENT MANAGEMENT LLC 135 EAST 57TH STREET, 23RD FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GUGGENHEIM INVESTMENT MANAGEMENT LLC (Last) (First) (Middle) C/O GUGGENHEIM CAPITAL LLC 135 E 57TH STREET (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

1. Name and Address of Reporting Person* GUGGENHEIM CAPITAL LLC (Last) (First) (Middle) C/O TODD BOEHLY 135 E. 57TH STREET (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) Group Member

Explanation of Responses:

1. On July 28, 2005, Stellar Funding, Ltd. ("Stellar") and Guggenheim Capital, LLC ("GC") exchanged all of their respective shares of Common Stock for cash and shares of common stock of Petrohawk Energy Corporation ("Petrohawk") with an aggregate value of approximately $8.275 per share, pursuant to a Merger Agreement among the Issuer, Petrohawk, and Petrohawk Acquisition Corporation.

2. Stellar is a private investment vehicle managed by Guggenheim Investment Management, LLC ("GIM"), a wholly owned subsidiary of GC. After giving effect to the transaction that is the subject of this Form 4, Stellar, GC and GIM are not direct or indirect beneficial owners of the Common Stock.

3. Each reporting person disclaims beneficial ownership of such Common Stock except to the extent of its pecuniary interest therein, and the inclusion of such Common Stock in this report shall not be deemed an admission of beneficial ownership of such reported Common Stock for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act"), or for any other purpose, and each reporting person disclaims membership in any group for purposes of Section 13 of the Exchange Act or for any other purpose.

	/s/ Todd L. Boehly, as Managing Director of Guggenheim Investment Managment, LLC, the Collateral Manager of Stellar Funding, Ltd.	07/29/2005
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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