Amendment No.1 to Schedule 13G

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

 

 

 

BETA OIL & GAS, INC.


(Name of Issuer)

 

 

Class One Common Stock, par value $0.001 per share


(Title of Class of Securities)

 

 

08659A 10 4


                                (CUSIP Number)                                

 

 


(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)

 

¨ Rule 13d-1(c)

 

x 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).


 

CUSIP No.  08659A 10 4

 

13G

 

Page 2 of 5

 


  1.


 

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

            Lisa L. Antry and Steve A. Antry

   

  2.

 

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)   ¨

(b)   ¨

   

  3.


 

SEC Use Only

 

   

  4.


 

Citizenship or Place of Organization

 

            United States

   

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  5.    Sole Voting Power

 

                1,256,000


  6.    Shared Voting Power

 

                -0-


  7.    Sole Dispositive Power

 

                1,256,000


  8.    Shared Dispositive Power

 

                -0-


  9.


 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

            1,256,000

   

10.


 

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

   

11.


 

Percent of Class Represented by Amount in Row (9)

 

            10.0%

   

12.


 

Type of Reporting Person (See Instructions)

 

            IN

   

 

Last Update: 11/05/2002


 

CUSIP No.  08659A 10 4

 

13G

 

Page 3 of 5

 

Item 1.

 

  (a)   Name of Issuer:    Beta Oil & Gas, Inc.

 

  (b)   Address of Issuer’s Principal Executive Offices:

 

Two Warren Place

6120 South Yale Avenue, Suite 813

Tulsa, Oklahoma 74136

 

Item 2.

 

  (a)   Name of Persons Filing:    Lisa L. Antry and Steve A. Antry

 

  (b)   Address of Principal Business Office, or if None, Residence:

 

Two Warren Place

6120 South Yale Avenue, Suite 813

Tulsa, Oklahoma 74136

 

  (c)   Citizenship:    United States

 

  (d)   Title of Class of Securities:    Class One Common Stock, par value $.001

 

  (e)   CUSIP Number:    08659A 10 4

 

Item 3.    If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

a.

 

¨

 

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

b.

 

¨

 

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

c.

 

¨

 

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

d.

 

¨

 

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

e.

 

¨

 

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

f.

 

¨

 

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

g.

 

¨

 

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

h.

 

¨

 

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

i.

 

¨

 

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

j.

 

¨

 

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4.    Ownership.

 

Incorporated by reference to items (5) through (9) and (11) of the cover page pertaining to each Reporting Person.

 

Item 5.    Ownership of Five Percent or Less of a Class.

 

Not Applicable


 

CUSIP No.  08659A 10 4

 

13G

 

Page 4 of 5

 

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 on By the Parent Holding Company.

 

Not Applicable

 

Item 8.    Identification and Classification of Members of the Group.

 

Not Applicable

 

Item 9.    Notice of Dissolution of the Group.

 

Not Applicable

 

Item 10.    Certification.

 

Not Applicable

 

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:  February 13, 2003

     

/s/  Lisa L. Antry


       

Lisa L. Antry

       

/s/  Steve A. Antry


       

Steve A. Antry


 

CUSIP No.  08659A 10 4

 

13G

 

Page 5 of 5

 

EXHIBIT “A”

 

JOINT FILING AGREEMENT

 

This Joint Filing Agreement (this “Agreement”) dated as of the 13th day of February, 2003, is by and between the undersigned parties.

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the common stock of Beta Oil & Gas, Inc., a Nevada corporation, and further agree that this Agreement be included as an exhibit to such joint filing (including amendments thereto).

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

 

       

/s/  Lisa L. Antry


       

Lisa L. Antry

       

/s/  Steve A. Antry


       

Steve A. Antry