UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Rio Vista Energy Partners L.P.
(Name of Issuer)
Common Units
(Title of Class of Securities)
767271109
(CUSIP Number)
November 29, 2007
(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 on 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. 767271109 13G Page 2 of 10 Pages
--------------------------------- -------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Standard General L.P.
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF UNITS
BENEFICIALLY OWNED 200,375
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
200,375
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,375
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.25%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 10
|
---------------------------------- -------------------
CUSIP No. 767271109 13G Page 3 of 10 Pages
--------------------------------- -------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Standard General Fund L.P.
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF UNITS
BENEFICIALLY OWNED 200,375
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
200,375
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,375
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.25%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 10
|
---------------------------------- -------------------
CUSIP No. 767271109 13G Page 4 of 10 Pages
--------------------------------- -------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Soohyung Kim
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF UNITS
BENEFICIALLY OWNED 200,375
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
200,375
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,375
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.25%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 10
|
---------------------------------- -------------------
CUSIP No. 767271109 13G Page 5 of 10 Pages
--------------------------------- -------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Nicholas J. Singer
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
----- ----------------------------------------------------
6 SHARED VOTING POWER
NUMBER OF UNITS
BENEFICIALLY OWNED 200,375
BY EACH REPORTING ----- ----------------------------------------------------
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
200,375
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,375
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN UNITS
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.25%
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 10
|
Item 1(a) Name of Issuer:
Rio Vista Energy Partners L.P.
Item 1(b) Address of Issuer's Principal Executive Offices:
1313 Alton Gloor Blvd., Ste J, Brownsville, TX 78526
Items 2(a) Name of Person Filing:
This statement is filed by: (i) Standard General Fund L.P.
("Standard General Fund") with respect to the common units
representing limited partner interests of the Issuer it
directly owns (the "Units"); (ii) Standard General L.P.
("Standard General") with respect to the Units, which it may
be deemed to beneficially own pursuant to its investment
management agreement with Standard General Fund pursuant to
which Standard General has all investment and voting power
with respect to securities held by Standard General Fund;
(iii) Soohyung Kim ("Mr. Kim"), a co-managing member of
Standard General Management LLC, a Delaware limited
liability company ("Standard General Management"), which is
the managing member of Standard General GP LLC, a Delaware
limited liability company, which is in turn the general
partner of Standard General Fund, with respect to the Units;
and (iv) Nicholas J. Singer ("Mr. Singer"), a co-managing
member of Standard General Management, with respect to the
Units.
Mr. Kim and Mr. Singer may be deemed to have indirect
beneficial ownership of the Units based on the foregoing
relationships. In addition, Mr. Kim and Mr. Singer have
controlling interests in Standard General S Corp., a
Delaware corporation, which is the general partner of
Standard General Holdings, L.P., a Delaware limited
partnership. Standard General Holdings, L.P. is the general
partner of Standard General.
Standard General, Standard General Fund, Mr. Kim and Mr.
Singer have entered into a Joint Filing Agreement, a copy of
which is filed with this Schedule 13G as Exhibit 99.1,
pursuant to which they have agreed to file this Schedule 13G
jointly in accordance with the provisions of Rule 13d-1(k)
of the Securities Exchange Act of 1934, as amended.
Item 2(b) Address of Principal Business Office:
The address of the principal business office of Standard
General, Standard General Fund, Mr. Kim and Mr. Singer is
650 Madison Avenue, 26th Floor, New York, NY 10022.
Page 6 of 10
Item 2(c) Citizenship:
Standard General and Standard General Fund are Delaware
limited partnerships. Mr. Kim and Mr. Singer are United
States citizens.
Item 2(d) Title of Class of Securities:
Common Units
Item 2(e) CUSIP Number:
767271109
Item 3 Not Applicable
Item 4 Ownership:
The percentages used herein are based upon 2,429,206 Units
issued and outstanding as of November 29, 2007, calculated
as the sum of (i) 1,935,656 Units issued and outstanding as
of November 9, 2007 according to the Issuer's Form 10-Q
filed with the Securities and Exchange Commission on
November 19, 2007, (ii) 137,994 Units issued by the Issuer
on November 19, 2007 according to the Issuer's Form 8-K
filed with the Securities and Exchange Commission on
November 26, 2007, and (iii) 355,556 Units issued by the
Issuer on December 3, 2007 according to the Issuer's Form
8-K filed with the Securities and Exchange Commission on
December 4, 2007.
As of the close of business on December 6, 2007:
1. Standard General L.P.
(a) Amount beneficially owned: 200,375
(b) Percent of class: 8.25%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 200,375
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
200,375
2. Standard General Fund L.P.
(a) Amount beneficially owned: 200,375
(b) Percent of class: 8.25%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 200,375
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
200,375
Page 7 of 10
3. Soohyung Kim
(a) Amount beneficially owned: 200,375
(b) Percent of class: 8.25%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 200,375
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
200,375
4. Nicholas J. Singer
(a) Amount beneficially owned: 200,375
(b) Percent of class: 8.25%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 200,375
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
200,375
Standard General, Mr. Kim and Mr. Singer do not directly own
any of the Units. By reason of the provisions of Rule 13d-3
of the Securities Exchange Act of 1934, each of Standard
General, Mr. Kim and Mr. Singer may be deemed to own
beneficially 200,375 Units (constituting approximately 8.25%
of the Units outstanding). Each of Standard General, Mr. Kim
and Mr. Singer disclaim direct beneficial ownership of any
of the securities covered by this statement.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following. [ ]
Item 6 Ownership of More than Five Percent on Behalf of Another
Person:
Other than as set forth herein, no other person has the
right to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of, in excess of
5% of the total outstanding Units.
Page 8 of 10
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 Group:
Not Applicable
Item 10 Certification:
By signing below the signatory certifies that, to the best of his 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 that purpose or
effect.
Page 9 of 10
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: December 7, 2007
STANDARD GENERAL L.P.
By: /s/ Scott Cohen
----------------------------
Name: Scott Cohen
Title: Attorney-in-Fact
|
STANDARD GENERAL FUND L.P.
By: /s/ Scott Cohen
----------------------------
Name: Scott Cohen
Title: Attorney-in-Fact
|
SOOHYUNG KIM
By: /s/ Scott Cohen
----------------------------
Name: Scott Cohen
Title: Attorney-in-Fact
|
NICHOLAS J. SINGER
By: /s/ Scott Cohen
----------------------------
Name: Scott Cohen
Title: Attorney-in-Fact
|
EXHIBIT INDEX
Exhibit 99.1: Joint Filing Agreement, dated December 7, 2007, by and between
Standard General L.P., Standard General Fund L.P., Soohyung Kim
and Nicholas J. Singer.
Exhibit 99.2: Power of Attorney granted by Standard General L.P. in favor of
Scott Cohen, dated August 14, 2007.
Exhibit 99.3: Power of Attorney granted by Standard General Fund L.P. in favor
of Scott Cohen, dated December 4, 2007.
Exhibit 99.4: Power of Attorney granted by Soohyung Kim in favor of Scott
Cohen, dated August 14, 2007.
Exhibit 99.5: Power of Attorney granted by Nicholas J. Singer in favor of
Scott Cohen, dated December 4, 2007.
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