UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
and Exchange Act of 1934
Date
of report (Date of earliest event reported): March 29,
2010
REEF OIL & GAS INCOME
AND DEVELOPMENT FUND III, L.P.
(Exact
name of registrant as specified in its charter)
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Texas
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000-53795
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26-0805120
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1901 N. Central Expressway,
Suite 300, Richardson, Texas 75080
(Address
of principal executive offices)
(972)
437-6792
(Registrant’s
telephone number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Section
8 – Other Events
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Item
8.01
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Other
Events.
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New Chief Accounting
Officer
Reef
Exploration, L.P. ("RELP"), an affiliate of Reef Oil & Gas Partners, L.P.
("Reef"), our managing general partner, named David C. Sibley, 58, Chief
Financial Officer of RELP effective March 29, 2010. As Chief
Financial Officer of RELP, Mr. Sibley is responsible for setting
policies and procedures for all accounting, tax and financial matters, and
directing financial strategies. These matters include structuring the financial
aspects of acquisitions and the formation of partnerships and limited liability
companies to raise capital from investors and acquire and develop oil and
natural gas properties. In this role, Mr. Sibley also directs the activities of
RELP’s Treasurer and controllers in regard to all accounting operations,
including final review of financial reports, budgets, tax returns, tax planning
and audit functions. In this position, Mr. Sibley will serve
as our principal financial officer and our principal accounting
officer. In addition to his position as Chief Financial Officer of
RELP, Mr. Sibley is the General Counsel of RELP, a position he has held since
January 2009.
Mr. Sibley previously served as Chief
Financial Officer of Reef from December 1999 until his appointment to General
Counsel of RELP in January 2009. He also served as Chief Financial
Officer for RELP from January 2006 until his appointment to General Counsel of
RELP in January 2009, and had served in this same position with RELP’s
predecessor entity, OREI, Inc., since 1998. Mr. Sibley was employed as a
Certified Public Accountant with Grant Thornton from 1977 to
1980. From 1980 to 1994, he was involved in the private practice of
law. He received a B.B.A. in accounting from the University of North
Texas in 1973, a law degree (J.D.) from the University of Texas in 1977, and a
Master of Laws-Taxation degree (L.L.M.) from Southern Methodist University in
1984. Mr.
Sibley became a certified public accountant in 1977, but no longer maintains
this license.
RELP also
named L. Mark Price, 47, Controller of RELP effective March 29, 2010. As
Controller of RELP, Mr. Price is responsible for analyzing,
interpreting and controlling RELP’s daily accounting
activities and financial records and advising the Chief Financial
Officer. In addition to his position as Controller of RELP,
Mr. Price serves as Chief Financial Officer of Pure Reef L.P. ("Pure Reef"), an
affiliate of Reef. In his capacity as Chief Financial Officer of Pure
Reef, he is responsible for all financial planning matters of Pure Reef and acts
as an advisor to Michael J. Mauceli, Chief Executive Officer of Reef, and
affiliates controlled by Mr. Mauceli.
Mr. Price
joined RELP in January 2009 as Chief Financial Officer of RELP. He served in that capacity until October 2009 when he
became Chief Financial Officer of Pure Reef. He has over twenty-two
years of experience working in the oil and gas and manufacturing
industries. He previously served as the Chief Financial Officer for
The Terramar Group, Inc., an international oil and gas and manufacturing
company, beginning in 2007. Form 2004 to 2007, he served as the Chief
Accounting Officer for Lancer Corporation, an international manufacturing
company. Additionally, Mr. Price served as the Chief Financial
Officer of Nunn Manufacturing, and for PCLC Asset Management after its
acquisition of Nunn Manufacturing in 1998, from 1996 until 2004. Mr.
Price received his BBA in accounting and finance from Texas Tech University in
1984 and is a licensed certified public accountant in the state of
Texas. In October 2003, Mr. Price filed a personal bankruptcy
petition under Chapter 7 in U.S. Bankruptcy Court, Northern District of
Texas. On September 30, 2004, the court granted a discharge under §727 of the U.S.
Bankruptcy Code.
Additionally,
RELP named David Tierney, 57, Chief Financial Reporting Officer of RELP
effective March 29, 2010. Mr. Tierney will continue to serve as
Treasurer of RELP, but will no longer serve as Chief Accounting Officer – Public
Partnerships of RELP. As Chief Financial Reporting Officer of RELP,
Mr. Tierney is responsible for overseeing the preparation and content of all
financial statements and reports, including the audited annual financial
statements and unaudited quarterly statements, issued by Reef and the
partnerships for which Reef serves as the managing general
partner. As Treasurer, Mr. Tierney is responsible for all cash and
short-term investment management as well as insurance risk management matters
for RELP, Reef and the partnerships for which Reef serves as the managing
general partner.
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Mr.
Tierney has been employed by RELP since January 2006 and was previously with its
predecessor entity, OREI, Inc., since March 2001. Mr. Tierney became
Treasurer of RELP in May 2009, and prior to that, Mr. Tierney served as Chief
Accounting Officer – Public Partnerships of RELP starting in July 2008. From
2001 to 2008, Mr. Tierney was the Controller of the Reef Global Energy Ventures
and Reef Global Energy Ventures II partnerships. Mr. Tierney received
a Bachelor's degree from Davidson College in 1974, a Masters of Business
Administration from Tulane University in 1976, and is a Texas certified public
accountant. Mr. Tierney has worked in public accounting, and has
worked in the oil and gas industry since 1979. From 1992 through 2000
he served as controller/treasurer of an independent oil and gas exploration
company.
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SIGNATURES
Pursuant
to the requirement of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: April
1, 2010
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Reef Oil & Gas Income
and
Development Fund III, L.P.
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By: Reef
Oil & Gas Partners, L.P.
A
Nevada Limited Partnership
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By:
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Reef
Oil & Gas Partners, GP, LLC
Its general partner
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By:
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/s/ Michael J. Mauceli | |
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Michael
J. Mauceli
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Manager
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