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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, BNiacWHLntATk8GK8fb2va1bOjmRrrE/tIZx0kTTsYepVsGDyrW1FfJ8GvKRONE6 ZKyZSH8In/GAyJ007mRD7w== 0001301218-06-000006.txt : 20060228 0001301218-06-000006.hdr.sgml : 20060228 20060228170352 ACCESSION NUMBER: 0001301218-06-000006 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060228 DATE AS OF CHANGE: 20060228 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-80906 FILM NUMBER: 06651900 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: Fred P. Heller, Trustee for the Heller 2002 Trust CENTRAL INDEX KEY: 0001301218 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2310 PLEASURE DR. CITY: RENO STATE: NV ZIP: 89509 BUSINESS PHONE: 415-433-4696 MAIL ADDRESS: STREET 1: 2310 PLEASURE DR. CITY: RENO STATE: NV ZIP: 89509 SC 13D/A 1 fhellerschedule13d4.htm Converted by EDGARwiz

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

Amendment No. 4 to

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)

February 24, 2006

(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 section 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. Fred P. Heller, Trustee Heller 2002 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 1,069,358 (a)
		8.	Shared Voting Power 0
		9.	Sole Dispositive Power 1,069,358 (a)
		10.	Shared Dispositive Power 0
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,069,358 (a)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
13.	Percent of Class Represented by Amount in Row (11) 22.11% based upon total number of shares reported to be outstanding and 414,920 exercisable warrants.
14.	Type of Reporting Person IN
(a) Includes 189,920 shares of common stock issuable upon exercise of warrants at $5.00 per share and 225,000 shares of common stock issuable upon exercise of warrants at $4.25 per share.

Item 1. Name of Issuer.

This Schedule 13D relates to the common stock, $0.001 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. The Company has 4.8 million shares of common stock outstanding as of November 15, 2005.

Item 2. Identity and Background.

This Statement is filed on behalf of Fred P. Heller, Trustee Heller 2002 Trust (the “Reporting Person”).

(a)

Fred P. Heller, Trustee Heller 2002 Trust

(b)

2310 Pleasure Drive, Reno Nevada 89509

(c)

Retired

(d)

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

(e)

During the last five years, Mr. Heller 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.

Item 4. Purpose of Transaction.

Personal investment

Item 5. Interest in Securities of the Issuer.

(a)

Aggregate number of shares beneficially owned: 1,069,358 (22.11%)

(b)

Mr. Heller has sole voting and dispositive power over his 1,069,358 shares.

(c)

Transactions effected during the past sixty days:


DATE	SHARES PURCHASED	AVERAGE PRICE PER SHARE	PURCHASE TOTAL
January 26, 2006	26,858	$ 9.53	256,023
January 27, 2006	53,200	$11.06	588,153
January 30, 2006	4,000	$11.37	45,460
January 31, 2006	2,500	$11.40	28,504
February 1, 2006	1,500	$11.18	16,775
February 3, 2006	6,500	$10.64	69,160
February 7, 2006	24,500	$10.53	257,985
February 21, 2006	27,350	$ 9.41	257,336
February 22, 2006	1,860	$ 9.52	17,707
February 24, 2006	35,000	$ 9.50	332,500
TOTAL	183,268		$ 1,869,603

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: February 28, 2006

/s/ Fred P. Heller

Fred P. Heller,

Trustee Heller 2002 Trust

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