SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* BONANZA CAPITAL LTD (Last) (First) (Middle) 300 CRESCENT COURT SUITE 250 (Street) DALLAS TX 75201 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/27/2006	3. Issuer Name and Ticker or Trading Symbol CrossPoint Energy CO [ CXPE ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,981,226	D(1)
Common Stock	1,981,226	I	Footnote(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Note	11/27/2006(3)	06/30/2009	Common Stock	1,416,666	$1.75	D(1)
Convertible Note	11/27/2006(3)	06/30/2009	Common Stock	1,416,666	$1.75	I	Footnote(2)
Warrants	11/27/2006(4)	06/30/2011	Common Stock	708,333	$1.95	D(1)
Warrants	11/27/2006(4)	06/30/2011	Common Stock	708,333	$1.95	I	Footnote(2)

1. Name and Address of Reporting Person* BONANZA CAPITAL LTD (Last) (First) (Middle) 300 CRESCENT COURT SUITE 250 (Street) DALLAS TX 75201 (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* BONANZA MASTER FUND LTD (Last) (First) (Middle) C/O J.D. CLARK & CO. 2425 LINCOLN AVENUE (Street) OGDEN UT 84401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. These securities are owned by Bonanza Master Fund, Ltd. (the "Master Fund"), which is a reporting person.

2. These securities may be deemed to be beneficially owned by Bonanza Capital, Ltd. by virtue of its role as the investment manager of the Master Fund. Bonanza Capital, Ltd. disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

3. The Reporting Persons may not convert the note into Common Stock, if after giving effect to the conversion, the Reporting Persons would beneficially own more than 9.99% of the outstanding Common Stock of the Issuer.

4. The Reporting Persons may not exercise the Warrants if, after giving effect to the exercise, the Reporting Persons would beneficially own more than 9.99% of the outstanding Common Stock of the Issuer.

	Bonanza Capital, Ltd., By: /s/ Bernay Box	03/08/2007
	Bonanza Master Fund, Ltd., By: /s/ Bernay Box	03/08/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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