CUSIP No. 27888D101
|
13D
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Page 2 of 14 Pages
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1.
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NAMES OF REPORTING PERSONS
Bienville Argentina Opportunities Master Fund, LP
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3.
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SEC USE ONLY
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4.
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SOURCE OF FUNDS
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
0
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8.
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SHARED VOTING POWER
2397388
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|
9.
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SOLE DISPOSITIVE POWER
0
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10.
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SHARED DISPOSITIVE POWER
2397388
|
11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
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12.
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
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13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
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14.
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TYPE OF REPORTING PERSON
PN
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CUSIP No. 27888D101
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13D
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Page 3 of 14 Pages
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1.
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NAMES OF REPORTING PERSONS
BAOF GP, LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3.
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SEC USE ONLY
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|
4.
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SOURCE OF FUNDS
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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7.
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SOLE VOTING POWER
0
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8.
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SHARED VOTING POWER
2397388
|
|
9.
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SOLE DISPOSITIVE POWER
0
|
|
10.
|
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SHARED DISPOSITIVE POWER
2397388
|
11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
|
|
|
12.
|
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
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14.
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TYPE OF REPORTING PERSON
OO
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CUSIP No. 27888D101
|
13D
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Page 4 of 14 Pages
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1.
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NAMES OF REPORTING PERSONS
Bienville Capital Management, LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3.
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SEC USE ONLY
|
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4.
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SOURCE OF FUNDS
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7.
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|
SOLE VOTING POWER
0
|
8.
|
|
SHARED VOTING POWER
2397388
|
|
9.
|
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SOLE DISPOSITIVE POWER
0
|
|
10.
|
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SHARED DISPOSITIVE POWER
2397388
|
11.
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
|
|
|
12.
|
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
13.
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
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14.
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TYPE OF REPORTING PERSON
IA
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CUSIP No. 27888D101
|
13D
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Page 5 of 14 Pages
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1.
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NAMES OF REPORTING PERSONS
Moonpie Management, LLC
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3.
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SEC USE ONLY
|
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|
4.
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SOURCE OF FUNDS
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
|
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
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|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7.
|
|
SOLE VOTING POWER
0
|
8.
|
|
SHARED VOTING POWER
2397388
|
|
9.
|
|
SOLE DISPOSITIVE POWER
0
|
|
10.
|
|
SHARED DISPOSITIVE POWER
2397388
|
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
|
|
|
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
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|
14.
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TYPE OF REPORTING PERSON
OO
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CUSIP No. 27888D101
|
13D
|
Page 6 of 14 Pages
|
1.
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NAMES OF REPORTING PERSONS
William Herbert Stimpson, II
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3.
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SEC USE ONLY
|
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|
4.
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SOURCE OF FUNDS
WC
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5.
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
|
|
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6.
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7.
|
|
SOLE VOTING POWER
0
|
8.
|
|
SHARED VOTING POWER
2397388
|
|
9.
|
|
SOLE DISPOSITIVE POWER
0
|
|
10.
|
|
SHARED DISPOSITIVE POWER
2397388
|
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
|
|
|
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
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|
14.
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TYPE OF REPORTING PERSON
IN
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CUSIP No. 27888D101
|
13D
|
Page 7 of 14 Pages
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1.
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NAMES OF REPORTING PERSONS
Michael Cullen Thompson, Jr.
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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|
3.
|
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SEC USE ONLY
|
|
|
4.
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SOURCE OF FUNDS
WC
|
|
|
5.
|
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
|
|
|
6.
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7.
|
|
SOLE VOTING POWER
0
|
8.
|
|
SHARED VOTING POWER
2397388
|
|
9.
|
|
SOLE DISPOSITIVE POWER
0
|
|
10.
|
|
SHARED DISPOSITIVE POWER
2397388
|
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
|
|
|
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
|
|
|
14.
|
|
TYPE OF REPORTING PERSON
IN
|
|
|
CUSIP No. 27888D101
|
13D
|
Page 8 of 14 Pages
|
1.
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NAMES OF REPORTING PERSONS
Ralph Fayden Reynolds
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2.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
|
|
|
3.
|
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SEC USE ONLY
|
|
|
4.
|
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SOURCE OF FUNDS
WC
|
|
|
5.
|
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ]
|
|
|
6.
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
|
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7.
|
|
SOLE VOTING POWER
0
|
8.
|
|
SHARED VOTING POWER
2397388
|
|
9.
|
|
SOLE DISPOSITIVE POWER
0
|
|
10.
|
|
SHARED DISPOSITIVE POWER
2397388
|
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
|
|
|
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
|
|
|
14.
|
|
TYPE OF REPORTING PERSON
IN
|
|
|
CUSIP No. 27888D101
|
13D
|
Page 9 of 14 Pages
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1.
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NAMES OF REPORTING PERSONS
Donald Stoltz, III
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2.
|
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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
United States
|
|
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7.
|
|
SOLE VOTING POWER
0
|
8.
|
|
SHARED VOTING POWER
2397388
|
|
9.
|
|
SOLE DISPOSITIVE POWER
0
|
|
10.
|
|
SHARED DISPOSITIVE POWER
2397388
|
11.
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2397388
|
|
|
12.
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|
|
13.
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7%
|
|
|
14.
|
|
TYPE OF REPORTING PERSON
IN
|
|
|
CUSIP No. 27888D101
|
13D
|
Page 10 of 14 Pages
|
1. | Bienville Argentina Opportunities Offshore Fund, LP, a Cayman Islands exempted limited partnership (“Argentina Fund”); |
2. | BAOF GP, LLC, a Delaware limited liability company (the “General Partner”); |
3. | Bienville Capital Management, LLC, a Delaware limited liability company (“Investment Manager”); |
4. | Moonpie Management, LLC, a Delaware limited liability company |
5. | William Herbert Stimpson, II |
6. | Michael Cullen Thompson, Jr. |
7. | Ralph Fayden Reynolds |
8. | Donald Stoltz, III |
(b) | Residence or business address |
1. | The Argentina Fund is registered in the Cayman Islands and the address of its principal office is c/o Ogier Fiduciary Services (Cayman) Limited89 Nexus Way, Camana Bay, Grand Cayman KY1-9007 Cayman Islands. |
2. | BAOF GP, LLC, is a Delaware limited liability company and its principal office is c/o Ogier Fiduciary Services (Cayman) Limited89 Nexus Way, Camana Bay, Grand Cayman KY1-9007 Cayman Islands. |
3. | Bienville Capital Management, LLC, is a Delaware limited liability company and its principal office is located at 405 Lexington Avenue 34th Floor New York, NY 10174. |
4. | Moonpie Management, LLC, is a Delaware limited liability company and its principal office is 104 Delafield Island Rd. Darien, CT 06820. |
5. | The principal residence of William Herbert Stimpson II is 35 Old Norwalk Road New Canaan, CT 06840. |
6. | The principal residence of Michael Cullen Thompson, Jr. is 124 31st Street Manhattan Beach CA, 90266. |
7. | The principal residence of Ralph Fayden Reynolds is 104 Delafield Island Rd. Darien, CT 06820. |
8. | The principal residence of Donald Stoltz, III is 12 Vanderbilt Drive Livingston, NJ 07039. |
(c) | Argentina Fund is principally engaged in the business of investing in other companies. The General Partner is principally engaged in the business of serving as the general partner to certain funds, including Argentina Fund. The Investment Manager is principally engaged in the business of providing investment advisory services and consulting services. Moonpie Management, LLC is principally engaged in the business of investing in other entities. Mr. Stimpson, Mr. Thompson, Mr. Reynolds, and Mr. Stoltz are employed by the Investment Manager. |
CUSIP No. 27888D101
|
13D
|
Page 11 of 14 Pages
|
(d) | During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
(e) | During the last five years, none have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. |
(f) | Mr. Stimpson, Mr. Thompson, Mr. Reynolds, and Mr. Stoltz are citizens of the United States. The jurisdictions for the Argentina Fund, the General Partner, Investment Manager, and Moonpie Management, LLC, are listed above in subsection a. |
(a) | The acquisition by any person of additional securities of the issuer, or the disposition of the securities of the issuer; |
(b) | An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; |
(c) | A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries, except as described above; |
(e) | Any material change in the present capitalization or dividend policy of the issuer; |
(f) | Any other material change in the issuer’s business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940; |
(g) | Changes in the issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; |
(h) | Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
(i) | A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or |
(j) | Any action similar to those enumerated above. |
CUSIP No. 27888D101
|
13D
|
Page 12 of 14 Pages
|
(a) | As of the date of this 13D filing, the Argentina Fund directly owned a total of 2,397,388 shares of common stock. |
(b) | The responses to Items 7-13 of the cover page of this Schedule 13D are incorporated herein. |
(c) | In the past 60 days, the following transactions were effected by the Investment Manager on behalf of the Argentina Fund: (1) On February 22, 2016, 4694 shares of ESES were purchased through Cantor Fitzgerald LP, at a price of $2.1881 per shares; and (2) on February 26, 2016, 40,000 shares of ESES were purchased through FBR Capital Markets & Co., at a price of $2.5 per share. |
(d) | Except as disclosed herein, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock beneficially owned by each of the Reporting Persons. |
(e) | Not applicable. |
CUSIP No. 27888D101
|
13D
|
Page 13 of 14 Pages
|
Bienville Argentina Opportunities Master Fund, LP
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||
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By:
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BAOF GP, LLC, its General Partner
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By:
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/s/ Donald Stoltz III |
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Name:
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Donald Stoltz III
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Title:
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Chief Operating Officer
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Bienville Capital Management, LLC, as Investment Manager of Bienville Argentina Opportunities Master Fund, LP
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||
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By:
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/s/ William H. Stimpson, II |
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Name:
|
William H. Stimpson, II
|
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Title:
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Managing Member
|
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BAOF GP, LLC, as General Partner of Bienville Argentina Opportunities Master Fund, LP
|
||
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By:
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/s/ Donald Stoltz III |
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Name:
|
Donald Stoltz III
|
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Title:
|
Chief Operating Officer
|
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Moonpie Management, LLC, as controlling shareholder of the Investment Manager and General Partner
|
||
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By:
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/s/ Ralph Fayden Reynolds |
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Name:
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Ralph Fayden Reynolds
|
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Title:
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Managing Member
|
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Ralph Fayden Reynolds, as controlling shareholder of Moonpie Management, LLC
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||
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By:
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/s/ Ralph Fayden Reynolds |
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William H. Stimpson, II, as controlling shareholder of the Investment Manager and General Partner
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||
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By:
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/s/ William H. Stimpson, II |
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M. Cullen Thompson, Jr., as controlling shareholder of the Investment Manager and General Partner
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||
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By:
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/s/ M. Cullen Thompson, Jr. |
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Donald Stoltz, III, as Director of the Investment Manager and Board Member of the Issuer | ||
By: |
/s/ Donald Stoltz, III
|
CUSIP No. 27888D101
|
13D
|
Page 14 of 14 Pages
|
By:
|
BAOF GP, LLC, its General Partner
|
|
|
|
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By:
|
/s/ Donald Stoltz III |
|
Name:
|
Donald Stoltz III
|
|
Title:
|
Chief Operating Officer
|
|
|
|
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Bienville Capital Management, LLC, as Investment Manager of Bienville Argentina Opportunities Master Fund, LP
|
||
|
|
|
By:
|
/s/ William H. Stimpson, II |
|
Name:
|
William H. Stimpson, II
|
|
Title:
|
Managing Member
|
|
|
|
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BAOF GP, LLC, as General Partner of Bienville Argentina Opportunities Master Fund, LP
|
||
|
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By:
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/s/ Donald Stoltz III |
|
Name:
|
Donald Stoltz III
|
|
Title:
|
Chief Operating Officer
|
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|
|
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Moonpie Management, LLC, as controlling shareholder of the Investment Manager and General Partner
|
||
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|
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By:
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/s/ Ralph Fayden Reynolds |
|
Name:
|
Ralph Fayden Reynolds
|
|
Title:
|
Managing Member
|
|
|
|
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Ralph Fayden Reynolds, as controlling shareholder of Moonpie Management, LLC
|
||
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By:
|
/s/ Ralph Fayden Reynolds |
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William H. Stimpson, II, as controlling shareholder of the Investment Manager and General Partner
|
||
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By:
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/s/ William H. Stimpson, II |
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M. Cullen Thompson, Jr., as controlling shareholder of the Investment Manager and General Partner
|
||
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By:
|
/s/ M. Cullen Thompson, Jr. |
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Donald Stoltz, III, as Director of the Investment Manager and Board Member of the Issuer
|
||
By: |
/s/ Donald Stoltz, III
|