-----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, Al0vO81w8nhgcogku7D6NBeG104BmkJtOTUABlP3IPIRMJ2myv0SLJndZksyHFIc lsB6p35nQmIuugHsFnd4og== 0001035674-97-000009.txt : 19970505 0001035674-97-000009.hdr.sgml : 19970505 ACCESSION NUMBER: 0001035674-97-000009 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970502 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HARCOR ENERGY INC CENTRAL INDEX KEY: 0000315272 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 330234380 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-32045 FILM NUMBER: 97594526 BUSINESS ADDRESS: STREET 1: FIVE POST OAK PARK STREET 2: STE 2220 CITY: HOUSTON STATE: TX ZIP: 77027-3413 BUSINESS PHONE: 7139611804 FORMER COMPANY: FORMER CONFORMED NAME: PANGEA PETROLEUM CO DATE OF NAME CHANGE: 19880120 FORMER COMPANY: FORMER CONFORMED NAME: POLLOCK PETROLEUM INC DATE OF NAME CHANGE: 19840807 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAULSON & CO INC CENTRAL INDEX KEY: 0001035674 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 277 PARK AVE 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10172 BUSINESS PHONE: 2123505151 MAIL ADDRESS: STREET 2: 277 PARK AVE 26TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10172 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* HarCor Energy, Inc. (Name of Issuer) Common Stock, $.10 Par Value (Title of Class of Securities) 411628209 (CUSIP Number) Daniel N. Sang, Esq. Paulson & Co. Inc. 277 Park Avenue, 26th Floor New York, New York 10172, Tel: (212) 350-5151 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) May 1, 1997 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box . Check the following box if a fee is being paid with the statement . (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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 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). (Continued on the Following Pages) Page 1 of 7 Pages SCHEDULE 13D CUSIP No. 411628209 Page 2 of 7 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PAULSON INTERNATIONAL LTD. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER 7 SOLE VOTING POWER OF 0 SHARES 8 SHARED VOTING POWER 1,013,400 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,013,400 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,013,400 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.68% 14 TYPE OF REPORTING PERSON* CO *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1_7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 411628209 Page 3 of 7 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PAULSON PARTNERS L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER 7 SOLE VOTING POWER OF 0 SHARES 8 SHARED VOTING POWER 387,100 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 387,100 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 387,100 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.55% 14 TYPE OF REPORTING PERSON* PN *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1_7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP No. 411628209 Page 4 of 7 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PAULSON & CO. INC. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) X (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS* OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER 7 SOLE VOTING POWER OF 0 SHARES 8 SHARED VOTING POWER 1,486,300 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 1,486,300 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,486,300 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.80% 14 TYPE OF REPORTING PERSON* CO *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1_7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D This Amendment No.1 amends and supplements the following Items of the reporting persons' Statement on Schedule 13D ("The Schedule") with regard to the Common Stock of Harcor Energy, Inc. This Amendment No.1 is being filed to report a net increase from 8.44% to 9.80% in the beneficial ownership of the Common Stock of the Issuer since the filing of the Schedule and not previously reported. ITEM 3. Source and Amount of Funds or Other Consideration Shares of Common Stock beneficially owned were acquired by PIL for aggregate consideration of $2,201,044 using funds in margin accounts maintained with Bear Stearns Securities Corp. Shares of Common Stock beneficially owned were sold by PPLP for an aggregate consideration of $679,987. Additional shares of Common Stock beneficially owned by PCI were sold for aggregate consideration of $178,962. ITEM 5. Interest in Securities of the Issuer (a) PIL, PPLP and PCI own the following shares of Common Stock as of May 1, 1997: Holder # of shares Percent of the class of Common Stock Paulson International Ltd. 1,013,400 6.68% Paulson Partners L.P. 387,000 2.55% Paulson & Co. Inc. 1,486,300* 9.80% * Includes 85,500 shares of Common Stock held by private discretionary accounts as to which PCI has investment discretion. Also includes shares owned by each of PPLP and PIL as to which PCI has investment discretion. PCI expressly disclaims equitable ownership of pecuniary interest in such shares owned by each of PPLP and PIL. (b) Each of PPLP and PIL has the shared power with PCI to vote or direct the vote of, and to dispose or direct the disposition of, the Common Stock beneficially owned by PPLP and PIL, respectively. Information regarding each of PPLP, PIL and PCI for the purposes of subpragraph (b) of this Item 5 is set forth in Item 2 of the Schedule and expressly incorporated by refernce herein. PCI has the power to vote or direct the vote of, and to dispose or direct the disposition of the Common Stock beneficially owned by it. (c) The following transactions were effected by PPLP, PIL and PCI: Paulson Partners L.P. Paulson International Ltd. Paulson & Co. Inc.* Shares Shares Shares Date Bought Average Date Bought Average Date Bought Average (Sold) (Sold) (Sold) 4/3/97 6,800 $6.06 4/3/97 16,600 $6.06 4/3/97 1,600 $6.06 4/3/97 13,700 $6.00 4/3/97 33,300 $6.00 4/3/97 3,000 $6.00 4/25/97 2,700 $5.88 4/24/97 10,000 $5.75 4/25/97 600 $5.88 4/28/97 5,400 $5.88 4/25/97 6,700 $5.88 4/28/97 1,400 $5.88 5/1/97 (148,000) $5.75 4/28/97 13,200 $5.88 5/1/97 (38,000) $5.75 4/30/97 11,600 $5.88 5/1/97 100,000 $5.88 5/1/97 186,000 $5.75 *Discretionary Accounts Only All reported transactions were effected on NASDAQ in New York. (d) No person other than PPLP has 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 PPLP. No person other than PCI has 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 PCI. No person other than PIL has 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 PIL. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned each certifies that the information set forth in this statement is true, complete, and correct. Dated: May 1, 1997 PAULSON PARTNERS L.P. By: Paulson & Co. Inc. General Partner By: John A. Paulson President PAULSON INTERNATIONAL LTD. By: Paulson & Co. Inc., as Investment Manager By: John A. Paulson President PAULSON & CO. INC. By: John A. Paulson President -----END PRIVACY-ENHANCED MESSAGE-----