sctovtza
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT
NO. 3
to
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
EASTERN AMERICAN NATURAL GAS TRUST
(Name of Subject Company (Issuer))
ENSOURCE
ENERGY INCOME FUND LP
ENSOURCE ENERGY PARTNERS, LP
(Names of Filing Person (Offeror))
Units of Beneficial Interest
(Title of Class of Securities)
912833KA7
(CUSIP Number of Class of Securities)
Scott W. Smith
President
Ensource Energy Company LLC
general partner of Ensource Energy Partners, LP
general partner of Ensource Energy Income Fund LP
7500 San Felipe, Suite 440
Houston, Texas 77063
Telephone: (713) 659-1794
(Name, address and telephone number of person authorized to receive notices and
communications on behalf of filing person)
Copy to:
G. Michael OLeary
Andrews Kurth LLP
600 Travis, Suite 4200
Houston, Texas 77002
(713) 220-4200
Calculation of Filing Fee
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Transaction Valuation* |
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Amount of Filing Fee** |
$169,743,000
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$18,162.50 |
*Pursuant to Rules 0-11(d) and 0-11(a)(4) under the Securities Exchange Act of 1934, and
solely for the purposes of calculating the registration fee, the market value of the securities to
be received was calculated as the product of (i) 5,900,000 depositary units of Eastern American
Natural Gas Trust (the sum of (x) 5,880,100 depositary units outstanding and (y) 19,900 trust units
that can theoretically be reconstituted as depositary units under the Eastern American Natural Gas
Trust depositary arrangement, each as of September 30, 2005 (as reported in Eastern American
Natural Gas Trusts Quarterly Report on Form 10-Q for the quarter ended September 30, 2005) and
(ii) the average of the high and low prices of Eastern American Natural Gas Trust reported in the
NYSE consolidated reporting system on November 21, 2005 ($28.77).
**$107.00 per million dollars of transaction value. The entire amount of the filing fee has
been offset by the amount of the filing fee previously paid by Ensource Energy Income Fund LP as
described below.
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Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify
the filing with which the offsetting fee was previously paid. Identify the previous filing by
registration statement number, or the Form or Schedule and the date of its filing. |
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Amount Previously Paid: $22,445.42
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Filing Party: Ensource Energy Income Fund LP |
Form or Registration No.: Form S-4 (File No:333-126068)
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Date
Filed: September 15, 2005*** |
*** Of the total amount previously paid, $22,424.53 was paid in connection with the
filing of the Registration Statement on Form S-4 (File No. 333-126068) (the Registration
Statement) filed June 23, 2005, and $21.29 was paid in connection with the filing of Amendment No. 1
to the Registration Statement filed on September 15, 2005.
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes to designate any transactions to which the statement relates:
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þ third party tender offer subject to Rule 14d-1. |
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o issuer tender offer subject to Rules 13e-4. |
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o going-private transaction subject to Rule 13e-3. |
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o amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender
offer. o
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NOTE: THIS
AMENDMENT NO. 3 TO SCHEDULE TO AMENDS AND RESTATES IN ITS ENTIRETY THE ORIGINAL
SCHEDULE TO FILED ON NOVEMBER 28, 2005, THE AMENDMENT
NO. 1 TO SCHEDULE TO FILED ON DECEMBER 14, 2005 AND THE AMENDMENT NO. 2 TO SCHEDULE TO FILED ON
DECEMBER 27, 2005. THE ONLY CHANGES
BETWEEN THIS AMENDMENT NO. 3 AND THE
AMENDMENT NO. 2 TO SCHEDULE TO
IS TO ADD A NEW EXHIBIT (a)(1)(M).
THIS TENDER OFFER STATEMENT ON SCHEDULE TO (THIS SCHEDULE TO) RELATES TO THE OFFER (THE OFFER)
BY ENSOURCE ENERGY INCOME FUND LP, A DELAWARE LIMITED PARTNERSHIP (THE PARTNERSHIP), TO EXCHANGE
EACH ISSUED AND OUTSTANDING DEPOSITARY UNIT (DEPOSITARY UNIT) OF EASTERN AMERICAN NATURAL GAS
TRUST, A DELAWARE STATUTORY TRUST (NGT), FOR CONSIDERATION CONSISTING OF ONE OF COMMON UNIT
REPRESENTING A LIMITED PARTNERSHIP INTEREST OF THE PARTNERSHIP (COMMON UNIT) AND A PRO RATA SHARE
OF A SPECIAL CASH DISTRIBUTION OF $5.9 MILLION FOR DEPOSITARY UNITS ACCEPTED BY THE PARTNERSHIP FOR
EXCHANGE, ON THE TERMS AND SUBJECT TO THE CONDITIONS DESCRIBED IN THE PROSPECTUS FILED AS EXHIBIT
(A)(4) HERETO.
THE PARTNERSHIP HAS FILED A REGISTRATION STATEMENT WITH THE SECURITIES AND EXCHANGE COMMISSION ON
FORM S-4 (FILE NO. 333-126068) RELATING TO THE COMMON UNITS TO BE ISSUED TO HOLDERS OF DEPOSITARY
UNITS IN THE OFFER (THE REGISTRATION STATEMENT). THE TERMS AND CONDITIONS OF THE OFFER ARE SET
FORTH IN THE PROSPECTUS THAT IS A PART OF THE REGISTRATION STATEMENT (THE PROSPECTUS) AND THE
RELATED LETTER OF TRANSMITTAL, WHICH ARE EXHIBITS (A)(4) AND (A)(1)(A), RESPECTIVELY, HERETO.
ALL OF THE INFORMATION IN THE PROSPECTUS AND THE RELATED LETTER OF TRANSMITTAL, AND ANY PROSPECTUS
SUPPLEMENT OR OTHER SUPPLEMENT THERETO RELATED TO THE OFFER HEREAFTER FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION BY THE PARTNERSHIP IS HEREBY INCORPORATED BY REFERENCE IN ANSWER TO ITEMS 2
THROUGH 11 OF THIS SCHEDULE TO.
Item 1. Summary Term Sheet.
Information required by Item 1001 of Regulation M-A is contained in the Prospectus, which meets the
requirements of § 421(d) of the Securities Act of 1933.
Item 2. Subject Company Information.
(a) As described in the Prospectus, the subject company is NGT. The information set forth in the
Prospectus under the section titled NGT Properties is incorporated herein by reference. The
address of NGTs principal executive offices is that of JPMorgan Chase Bank, its trustee, which is
700 Lavaca, 2nd Floor, Austin, TX 78701. The trustees telephone number is (800) 852-1422.
(b) According to NGTs Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, there
were 5,880,100 Depositary Units outstanding as of June 30, 2005.
(c) The information set forth in the Prospectus under the section titled NGT Market Price and
Distribution Matters is incorporated herein by reference.
Item 3. Identity and Background of Filing Person.
(a), (b) and (c)
The
Partnership and Ensource Energy Partners, LP, a Delaware limited
partnership and its general partner (the General Partner)
are the filing persons. The address of the principal executive office of the
Partnership, the General Partner, and certain of their affiliates is 7500 San Felipe, Suite 440,
Houston, Texas 77063. The information set forth in the Prospectus under the sections titled
Partnership Business and Properties and Management is incorporated herein by reference. None
of the Partnership, General Partner nor, to the best of the knowledge of the Partnership and the
General Partner, has any of their respective directors, executive officers or other affiliates been
convicted in a criminal proceeding (except traffic violations or similar misdemeanors) during the
past 5 years, or been a party to any judicial or administrative proceeding during the past 5 years
(except for matters that were dismissed without sanction or settlement) that resulted in a
judgment, decree or final order enjoining that person from future violations
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of, or prohibiting activities subject to, federal or state securities laws, or a finding of any
federal or state securities laws.
Item 4. Terms of the Transaction.
(a) The information set forth in the Prospectus under sections titled Questions and Answers About
the Exchange Offer and Second-step Merger, Summary, The Offer, The Second-Step Merger and
Post-Merger Exchange Process, Comparison of Depositary Unitholders and Common Unitholders
Rights and Description of Our Partnership Agreement is incorporated herein by reference.
Item 5. Past Contacts, Transactions, Negotiations and Agreements.
(a) Neither the Partnership, the General Partner, Ensource Energy Company LLC, a Delaware limited
liability company and general partner of the General Partner (Ensource), nor, to the best of the
Partnerships knowledge, any of their respective directors, executive officers or other affiliates
has had any transaction with NGT or any of its executive officers, directors or affiliates that
would require disclosure under Item 1005(a) of Regulation M-A.
(b) The Partnership and the General Partner have not had any negotiations or transactions during
the past two years with NGT concerning any of the matters set forth in Item 1005(b) of Regulation
M-A, except that in connection with the exchange offer and second-step merger, the Partnership and
the General Partner have contacted NGTs trustee and notified it of the exchange offer and
second-step merger. The trustee indicated that it would neither recommend nor oppose such
transactions. However, such discussions were on a preliminary basis and have not resulted in the
trustees endorsement, opposition or opinion regarding the transactions contemplated in the
registration statement.
In its Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, the trustee stated that
it is aware that the Partnership has filed with the SEC a registration statement in which the
Partnership describes a proposed transaction pursuant to which [the Partnership] would attempt to
acquire control of, and ultimately the entire interest in, [NGT]. NGT further stated that it has
retained a financial adviser to assist [NGT] with an evaluation of any such exchange offer. NGT
did not state whether it recommends that holders of depositary units accept or reject the exchange
offer or whether it remains neutral with respect to the exchange offer, but did state that if the
Partnership proceeds with the exchange offer, it is aware that applicable SEC rules will require
that NGT advise holders of its depositary units whether NGT so recommends acceptance or rejection
of, or remains neutral with respect to, the exchange offer.
The Partnership and the General Partner have since met with the trustee, its financial advisor and
legal counsel to explain the terms of the Offer and answering the questions of the financial
advisor.
NGTs trust agreement requires the consent of the trustee before the second-step merger can be
effected, thus the Partnership intends to obtain the trustees support for the transactions
contemplated in the Registration Statement. The information set forth in the Prospectus under the
sections titled Background and Reasons for and Alternatives to the Exchange Offer and Second-Step
Merger and The Offer Relationships with NGT is incorporated herein by reference.
Item 6. Purposes of the Transaction and Plans or Proposals.
(a) and (c)
The information set forth in the Prospectus under the sections titled The Offer Purpose of the
Offer; Dissenters Rights, The Second Step Merger and Post-Merger Exchange Process Plans for
NGT and the Depositary, The Offer Effect of the Exchange Offer on the Market for Depositary
Units; NYSE Listing; Registration Under the Exchange Act; Margin
Regulations, Our Cash Distribution Policy and Restrictions
on Distributions and Comparison of
Depositary Unitholders Rights and Common Unitholders Rights are incorporated herein by
reference.
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Item 7. Source and Amount of Funds or Other Consideration.
(a), (b) and (d)
The information set forth in the Prospectus under the section titled The Offer Source and
Amount of Funds and The Offer Conditions of the Offer is incorporated herein by reference.
To the best of the Partnerships and the General Partners knowledge, there are no borrowed funds
that would require disclosure under Item 1007(d) of Regulation M-A.
Item 8. Interest in Securities of the Subject Company.
(a) and (b)
The information set forth in the Prospectus under the section titled The Offer Relationships
with NGT is incorporated herein by reference. On January 15, 2004, Mr. Scott W. Smith
individually acquired 50 depositary units at a price per depositary unit of $26.72. This
transaction was effected through a broker.
Item 9. Persons/Assets, Retained, Employed, Compensated or Used.
(a) The information set forth in the Prospectus under the section titled The Offer Fees and
Expenses is incorporated herein by reference.
Item 10. Financial Statements.
(a) and (b)
Each of the Partnership, the General Partner and Ensource are newly-formed entities with no
operating history. They were formed for the purpose of effecting the transactions and business
plan described in the Prospectus. The information set forth in the financial statements and notes thereto annexed to the Prospectus is incorporated herein by
reference.
Item 11. Additional Information.
(a)(1) Except to the extent already disclosed in this Schedule TO or as described in the
Prospectus, neither the Partnership, the General Partner nor, to the best of their knowledge, any
of the General Partners directors, executive officers or other affiliates, is a party to any
present or proposed material agreement, arrangement, understanding or relationship with NGT or any
of its executive officers, directors or affiliates that would require disclosure under Item
1011(a)(1) of Regulation M-A.
(a)(2),(3) and (4) The information set forth in the Prospectus under the sections titled The Offer
Effect of the Exchange Offer on the Market for Depositary Units; NYSE Listing; Registration
Under the Exchange Act; Margin Regulations and The Offer Certain Legal Matters; Regulatory
Approvals is incorporated herein by reference.
(a)(5) To the best of the Partnerships and the General Partners knowledge, there are not any
material legal proceedings relating to the Offer.
(b) The information set forth in the Prospectus, to the extent not already incorporated in this
Schedule TO, is incorporated herein by reference.
Item 12. Exhibits.
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(a)(1)(A)
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Form of Letter of Transmittal
(incorporated by reference to Exhibit 99.1 to Amendment No. 3 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed on November 4, 2005) |
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(a)(1)(B)
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Form of Form W-9 and Guidelines for Certification of Taxpayer Identification
Number on Substitute Form W-9 (incorporated by reference to
Exhibit 99.5 to Amendment No. 1 of the Partnerships
Registration Statement on Form S-4 (SEC File No. 126068), filed on
September 15, 2005) |
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(a)(1)(C)
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Form of Notice of Guaranteed
Delivery (incorporated by reference to Exhibit 99.4 to Amendment No. 3 of the Partnerships Registration Statement on Form S-4 (SEC
File No. 126068), filed on November 4, 2005) |
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(a)(1)(D)
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Form of Letter to Brokers and
Banking Institutions (incorporated by reference to Exhibit 99.3 to
Amendment No. 3 of the Partnerships Registration Statement on
Form S-4 (SEC File No. 126068), filed on November 4, 2005) |
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(a)(1)(E)
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Form of Letter to Clients
(incorporated by reference to Exhibit 99.2 to Amendment No. 3 to the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed on November 4, 2005) |
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(a)(1)(F)
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Form of FIRPTA Certificate
(incorporated by reference to Exhibit 99.6 to Amendment No. 1 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed September 15, 2005) |
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(a)(1)(G)
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Form of Notice of Direct
Registration
(incorporated by reference to Exhibit 99.13 to Amendment No. 3 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed on November 4, 2005) |
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(a)(1)(H)
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Form of letter to NGT Unitholders
(incorporated by reference to Exhibit 99.14 to Amendment
No. 4 of the
Partnerships Registration Statement on Form S-4 (SEC File
No. 126068), filed on November 14,2005) |
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(a)(1)(I)
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Form of press release dated November 29, 2005 relating to exchange offer
(incorporated by reference to Exhibit 99.1 to the Partnerships Current Report on Form 8-K, filed
November 29, 2005) |
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(a)(1)(J)
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Form of press release dated
December 14, 2005 relating to exchange offer + |
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(a)(1)(K)
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Form of letter to NGT Unitholders
dated December 27, 2005 + |
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(a)(1)(L)
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Form of presentation to brokers dated December 27, 2005 relating to the exchange
offer + |
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(a)(1)(M)
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Form of press release dated
January 4, 2006 relating to the exchange offer (filed herewith) |
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(a)(4)
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Prospectus (incorporated by
reference to the Partnerships Rule 424(b)(3) filing on November
28, 2005) relating to the
Partnership Common Units to be issued in the Offer
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(d)(A)
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Agreement of Limited Partnership of
the Partnership, which is included as Annex A to Amendment No. 4 to
the Partnerships Registration Statement on Form S-4 (SEC File
No. 126068), filed on November 14, 2005 and incorporated herein by
reference |
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(d)(B)
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Form of Agreement and Plan of
Merger by and between the Partnership and NGT (incorporated by
reference to Exhibit 10.5 to Amendment No. 2 of the Partnerships
Registration Statement on Form S-4 (SEC File No. 126068), filed on
October 17, 2005) |
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(d)(C)
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Form of Agreement and Plan of
Merger by and between Merger Sub, a subsidiary of the Partnership,
and NGT
(incorporated by reference to Exhibit 10.7 to Amendment No. 2 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed October 17, 2005) |
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(h)(A)
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Form of 5.1 Opinion of Andrews
Kurth LLP (incorporated by reference to Exhibit 5.1 to Amendment No.
2 of the Partnerships Registration Statement on Form S-4 (SEC
File No. 126068), filed on October 17, 2005) |
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(h)(B)
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Form of 8.1 Opinion of Andrews
Kurth LLP (incorporated by reference to Exhibit 8.1 to Amendment No. 2
of the Partnerships Registration Statement on Form S-4 (SEC
File No. 126068), filed on October 17, 2005) |
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Previously filed.
Item 13. Information Required by Schedule 13E-3.
Not applicable.
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set
forth in this Schedule TO is true, complete and correct.
Ensource Energy Income Fund LP
By: Ensource Energy Partners, LP, its sole general partner
By: Ensource Energy Company LLC, it sole general partner
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By: |
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/s/ Scott W. Smith |
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Scott W. Smith |
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President |
Date:
January 4, 2006
Ensource Energy Partners, LP
By: Ensource
Energy Company LLC, its sole general partner
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By: |
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/s/ Scott W. Smith |
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Scott W. Smith |
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President |
Date:
January 4, 2006
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INDEX TO EXHIBITS
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Exhibit No. |
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Description |
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(a)(1)(A)
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Form of Letter of Transmittal
(incorporated by reference to Exhibit 99.1 to Amendment No. 3 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed on November 4, 2005) |
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(a)(1)(B)
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Form of Form W-9 and Guidelines for Certification of Taxpayer Identification
Number on Substitute Form W-9 (incorporated by reference to
Exhibit 99.5 to Amendment No. 1 of the Partnerships
Registration Statement on Form S-4 (SEC File No. 126068), filed on
September 15, 2005) |
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(a)(1)(C)
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Form of Notice of Guaranteed
Delivery (incorporated by reference to Exhibit 99.4 to Amendment No. 3 of the Partnerships Registration Statement on Form S-4 (SEC
File No. 126068), filed on November 4, 2005) |
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(a)(1)(D)
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Form of Letter to Brokers and
Banking Institutions (incorporated by reference to Exhibit 99.3 to
Amendment No. 3 of the Partnerships Registration Statement on
Form S-4 (SEC File No. 126068), filed on November 4, 2005) |
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(a)(1)(E)
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Form of Letter to Clients
(incorporated by reference to Exhibit 99.2 to Amendment No. 3 to the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed on November 4, 2005) |
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(a)(1)(F)
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Form of FIRPTA Certificate
(incorporated by reference to Exhibit 99.6 to Amendment No. 1 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed September 15, 2005) |
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(a)(1)(G)
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Form of Notice of Direct
Registration
(incorporated by reference to Exhibit 99.13 to Amendment No. 3 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed on November 4, 2005) |
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(a)(1)(H)
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Form of letter to NGT Unitholders
(incorporated by reference to Exhibit 99.14 to Amendment
No. 4 of the
Partnerships Registration Statement on Form S-4 (SEC File
No. 126068), filed on November 14,2005) |
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(a)(1)(I)
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Form of press release dated November 29, 2005 relating to exchange offer
(incorporated by reference to Exhibit 99.1 to the Partnerships Current Report on Form 8-K, filed
November 29, 2005) |
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(a)(1)(J)
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Form of press release dated
December 14, 2005 relating to exchange offer + |
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(a)(1)(K)
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Form of letter to NGT Unitholders
dated December 27, 2005 + |
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(a)(1)(L)
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Form of presentation to brokers
dated December 27, 2005 relating to the exchange
offer + |
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(a)(1)(M)
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Form of press release dated
January 4, 2006 relating to the exchange offer (filed herewith) |
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(a)(4)
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Prospectus (incorporated by
reference to the Partnerships Rule 424(b)(3) filing on November
28, 2005) relating to the
Partnership Common Units to be issued in the Offer
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(d)(A)
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Agreement of Limited Partnership of
the Partnership, which is included as Annex A to Amendment No. 4 to
the Partnerships Registration Statement on Form S-4 (SEC File
No. 126068), filed on November 14, 2005 and incorporated herein by
reference |
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(d)(B)
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Form of Agreement and Plan of
Merger by and between the Partnership and NGT (incorporated by
reference to Exhibit 10.5 to Amendment No. 2 of the Partnerships
Registration Statement on Form S-4 (SEC File No. 126068), filed on
October 17, 2005) |
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(d)(C)
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Form of Agreement and Plan of
Merger by and between Merger Sub, a subsidiary of the Partnership,
and NGT
(incorporated by reference to Exhibit 10.7 to Amendment No. 2 of the
Partnerships Registration Statement on Form S-4 (SEC File No.
126068), filed October 17, 2005) |
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(h)(A)
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Form of 5.1 Opinion of Andrews
Kurth LLP (incorporated by reference to Exhibit 5.1 to Amendment No.
2 of the Partnerships Registration Statement on Form S-4 (SEC
File No. 126068), filed on October 17, 2005) |
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(h)(B)
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Form of 8.1 Opinion of Andrews
Kurth LLP (incorporated by reference to Exhibit 8.1 to Amendment No. 2
of the Partnerships Registration Statement on Form S-4 (SEC
File No. 126068), filed on October 17, 2005) |
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+
Previously filed.
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