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-----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, EMnbKKupZAJROBAP9j7Snrio3YL/V1AVuus4d6oSwXeTQQ6QIOxnmCq9EpqsGCf/ U3gPWwvrknL8bktxlkNN7w== 0001175710-05-000149.txt : 20050808 0001175710-05-000149.hdr.sgml : 20050808 20050805181600 ACCESSION NUMBER: 0001175710-05-000149 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050808 DATE AS OF CHANGE: 20050805 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JMG Exploration, Inc. CENTRAL INDEX KEY: 0001299967 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 201373949 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-80906 FILM NUMBER: 051004055 BUSINESS ADDRESS: STREET 1: SUITE 2600, 500 ? 4TH AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 2V6 BUSINESS PHONE: (403) 537-3250 MAIL ADDRESS: STREET 1: SUITE 2600, 500 ? 4TH AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 2V6 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JMG Exploration, Inc. CENTRAL INDEX KEY: 0001299967 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 201373949 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: SUITE 2600, 500 ? 4TH AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 2V6 BUSINESS PHONE: (403) 537-3250 MAIL ADDRESS: STREET 1: SUITE 2600, 500 ? 4TH AVENUE S.W. CITY: CALGARY STATE: A0 ZIP: T2P 2V6 SC 13D 1 khuneschedule13djmg1.htm Converted by EDGARwiz

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

JMG Exploration, Inc.

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

46621A109

(CUSIP Number)

Randall M. Gates

28128 Pacific Coast Highway, Suite 221

Malibu, Ca 90265

(310) 457-9862

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

August 3, 2005

(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 that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]

CUSIP No. 46621A109
1.	Names of Reporting Persons. Jay Kuhne Family Trust
2.	Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ]
3.	SEC Use Only
4.	Source of Funds PF
5.	Check 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 506,250 (a)
		8.	Shared Voting Power 0
		9.	Sole Dispositive Power 506,250 (a)
		10.	Shared Dispositive Power 0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 506,250 (a)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13.	Percent of Class Represented by Amount in Row (11) 11.6% based upon total number of shares reported to be outstanding and 281,250 exercisable warrants.
14.	Type of Reporting Person IN
(7) Includes 225,000 shares of common stock issuable upon exercise of warrants at $4.25 per share and 56,250 shares of common stock issuable upon exercise of warrants at $6.00 per share.

Item 1. Name of Issuer.

This Schedule 13D relates to the common stock, $.001 par value per share (the Common Stock”) of JMG Exploration, Inc., a Nevada corporation (the “Company”). The Company’s principal executive offices are located at Suite 2600, 500 - 4th Avenue S.W., Calgary, Alberta, Canada, T2P 2V6. Following its initial public offering of common stock and warrants on August 3, 2005 the Company has 4.1 million shares of common stock outstanding after giving effect to sales of all shares including sales of 285,000 shares pursuant to the underwriter’s over allotment option.

Item 2. Identity and Background.

This Statement is filed on behalf of Jay Kuhne Family Trust (the “Reporting Person”).

(a)

Jay Kuhne Family Trust

(b)

315 West Hyman, Aspen Colorado, 81611.

(c)

Retired

(d)

During the last five years, Mr. Kuhne has not been convicted in a criminal proceeding.

(e)

During the last five years, Mr. Kuhne has not 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)

United States.

Item 3. Source and Amount of Funds or Other Consideration.

The Reporting Person purchased the Common Stock utilizing personal funds. The aggregate purchase price for the shares of Common Stock purchased by Mr. Kuhne was $900,000.

Item 4. Purpose of Transaction.

Personal investment

Item 5. Interest in Securities of the Issuer.

(a)

Aggregate number of shares beneficially owned: 506,250 (11.6%).

(b)

Mr. Kuhne has sole voting and dispositive power over his 506,250 shares.

(c)

Transactions effected during the past sixty days:

DATE

SHARES PURCHASED

AVERAGE PRICE

PER SHARE

PURCHASE

TOTAL

July 29, 2005 (a)

225,000

$4.00

$ 900,000

TOTAL

225,000

$ 900,000

(a)

Preferred stock converted to common stock on August 3, 2005.

Item 6. Contracts, Arrangements, Understandings or Relationships

None.

Item 7. Material to Be Filed as Exhibits

None.

Signatures

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.

Date: August 3, 2005

/s/ Jay Kuhne

________________________

Jay Kuhne, Trustee for the Jay Kuhne Family Trust

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