-----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, QPGoUFo0AgAE+Kb+dFjzuetmGSvpZSdD5F383Ap6BkOZGy4ntS521mg3X4BDGKSb X922TDvROdW8oMl1IQtuFw== /in/edgar/work/20001103/0000910643-00-000138/0000910643-00-000138.txt : 20001106 0000910643-00-000138.hdr.sgml : 20001106 ACCESSION NUMBER: 0000910643-00-000138 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001103 GROUP MEMBERS: DIVERSIFIED STRATEGIES FUND, L.P. GROUP MEMBERS: JNC OPPORTUNITY FUND LTD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEVX ENERGY INC CENTRAL INDEX KEY: 0000943548 STANDARD INDUSTRIAL CLASSIFICATION: [1000 ] IRS NUMBER: 752615565 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-50339 FILM NUMBER: 753026 BUSINESS ADDRESS: STREET 1: 13760 NOEL ROAD STREET 2: SUITE 1030 CITY: DALLAS STATE: TX ZIP: 75240-7336 BUSINESS PHONE: 9722339906 MAIL ADDRESS: STREET 1: 13760 NOEL ROAD STREET 2: SUITE 1030 CITY: DALLAS STATE: TX ZIP: 75240-7336 FORMER COMPANY: FORMER CONFORMED NAME: QUEEN SAND RESOURCES INC DATE OF NAME CHANGE: 19960809 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JNC OPPORTUNITY FUND LTD CENTRAL INDEX KEY: 0001057300 STANDARD INDUSTRIAL CLASSIFICATION: [ ] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O OLYMPIA CAPITAL CAYMAN LTD STREET 2: 20 REID ST HAMILTON HM11 CITY: BERMUDA 19102 MAIL ADDRESS: STREET 1: C/O OLYMPIA CAPITAL CAYMAN LTD STREET 2: 20 REID ST HAMILTON HM11 CITY: BERMUDA 19102 SC 13G 1 0001.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 3)* DevX Energy, Inc. (Formerly Queen Sand Resources, Inc.) - ----------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.234 par value per share - ----------------------------------------------------------------------------- (Title of Class of Securities) 25189P 20 3 ----------- (CUSIP Number) October 31, 2000 - ----------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [x] Rule 13d-1(c) [ ] Rule 13d-1(d) *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 the disclosures provided in a prior cover page. The information required in 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). Page 1 of 7 SCHEDULE 13G CUSIP No. 25189P 20 3 Page 2 of 7 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) JNC Opportunity Fund Ltd. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Item 6) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF Not Applicable SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY Not Applicable ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING Not Applicable ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH Not Applicable _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Not Applicable _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Not Applicable _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON (See Instructions) CO _____________________________________________________________________________ * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G CUSIP No. 25189P 20 3 Page 3 of 7 _____________________________________________________________________________ 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only) Diversified Strategies Fund, L.P. _____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (See Item 6) (b) [ ] _____________________________________________________________________________ 3 SEC USE ONLY _____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois _____________________________________________________________________________ 5 SOLE VOTING POWER NUMBER OF Not Applicable SHARES ______________________________________________________________ BENEFICIALLY 6 SHARED VOTING POWER OWNED BY Not Applicable ______________________________________________________________ EACH 7 SOLE DISPOSITIVE POWER REPORTING Not Applicable ______________________________________________________________ PERSON 8 SHARED DISPOSITIVE POWER WITH Not Applicable _____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON Not Applicable _____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* Not Applicable [ ] _____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) Not Applicable _____________________________________________________________________________ 12 TYPE OF REPORTING PERSON* PN _____________________________________________________________________________ * SEE INSTRUCTIONS BEFORE FILLING OUT! Item 1(a). Name of Issuer: DevX Energy, Inc. (formerly Queen Sand Resources, Inc.) (the "Company"). Item 1(b). Address of Issuer's Principal Executive Offices: 13760 Noel Rd. Suite 1030 Dallas, Texas 75240-2336 Item 2(a). Name of Persons Filing: JNC Opportunity Fund Ltd. ("JNC") Diversified Strategies Fund, L.P. ("DSF") Item 2(b). Address of Principal Business Office or, if None, Residence: JNC Opportunity Fund Ltd. c/o Olympia Capital (Cayman) Ltd. Williams House, 20 Reid Street Hamilton HM11, Bermuda. Diversified Strategies Fund, L.P. 108 South Madison Avenue Louisville, Kentucky 40423 Item 2(c). Citizenship: JNC - Cayman Islands. DSF - Illinois Item 2(d). Title of Class of Securities: Common Stock, par value $.234 per share, of the Company ("Common Stock"). Item 2(e). CUSIP Number: 25189P 20 3. Item 3. If this Statement Is Filed Pursuant to Rules 13d-1(b), or 13d- 2(b) or (c), Check Whether the Persons Filing are a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act; (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act; (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act; (d) [ ] Investment company registered under Section 8 of the Investment Company Act; (e) [ ] An investment advisor in accordance with Rule 13- d(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [ ] A church plan that is excluded from the definition of an investment company under Section (c)(14) of the Investment Company Act; (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). Page 4 of 7 If this statement is filed pursuant to Rule 13d-1(c), check this box. [x] Item 4. Ownership. Provide the following information regarding the aggregate number and percentages of securities of the Issuer identified in Item 1. (a) Amount beneficially owned: JNC -Not Applicable DSF -Not Applicable (b) Percent of class: JNC -Not Applicable DSF - Not Applicable (c) Number of shares to which JNC has: (i) Sole power to vote or direct the vote: Not Applicable (ii) Shared power to vote or direct the vote: Not Applicable (iii) Sole power to dispose or to direct the disposition of: Not Applicable (iv) Shared power to dispose of or direct the disposition of: Not Applicable Number of shares to which DSF has: (i) Sole power to vote or direct the vote: Not Applicable (ii) Shared power to vote or direct the vote: Not Applicable (iii) Sole power to dispose or to direct the disposition of: Not Applicable (iv) Shared power to dispose of or direct the disposition of: Not Applicable Page 5 of 7 Item 5. Ownership of Five Percent or Less of a Class: JNC and DSF have ceased to be the owners of more than 5% of the outstanding Common Stock of this issuer. Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported By the Parent Holding Company. JNC - Not applicable. DSF - Not applicable. Item 8. Identification and Classification of Members of the Group. JNC - See Item 2(a). DSF - See Item 2(a). Item 9. Notice of Dissolution of a Group. JNC - Not applicable. DSF - Not applicable. Item 10. Certification. By signing below, the each of undersigned certify that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE 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. Dated: November 3, 2000 JNC Opportunity Fund Ltd. By: Encore Capital Management, L.L.C., its Investment Advisor By: /s/ James Q. Chau --------------------------------- James Q. Chau, Managing Member Page 6 of 7 Diversified Strategies Fund, L.P. By: Encore Capital Management, L.L.C., its Investment Advisor By: /s/ James Q. Chau --------------------------------- James Q. Chau, Managing Member Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----