Lubar December 2006 Schedule 13G-A
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
SCHEDULE 13G
(Rule
13d-102)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d)
AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2
(Amendment
No. 2)*
|
Hallador
Petroleum Company
|
|
(Name
of Issuer)
|
|
Common
Stock, par value $0.01
|
|
(Title
of Class of Securities)
|
|
December 31,
2006
|
|
Date
of Event Which Requires Filing of this
Statement
|
Check
the
appropriate box to designate the rule pursuant to which this Schedule is
filed:
________________
*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. 406092205
1) Name
of
Reporting Person Lubar
Equity Fund,
LLC
I.R.S. Identification No. of Above Person (Entities Only)
37-1501575
2)
Check
the
Appropriate Box if a Member of a Group (See
Instructions)
(a)
o
3) SEC
Use
Only
4)
Citizenship
or Place of Organization Wisconsin
Number
of
Shares
5) Sole
Voting Power 686,566
Beneficially
Owned
By
Each
Reporting
6) Shared
Voting Power 0
Person
With
7) Sole
Dispositive Power 686,566
8) Shared
Dispositive Power 0
9)
Aggregate
Amount Beneficially Owned by Each Reporting
Person 686,566
10)
Check
Box
if the Aggregate Amount in Row (9) Exclude
Certain
Shares (See
Instructions)
o
11) Percent
of Class Represented by Amount in Row 9 5.6%
12) Type
of
Reporting Person (See
Instructions) PN
Item
1(a) Name of Issuer
Hallador
Petroleum Company
Item
1(b) Address of Issuer's Principal Executive Offices.
1660
Lincoln Street, Suite 2700
Denver,
CO 80264
Item
2(a) Name of Person Filing.
Lubar
Equity Fund, LLC (formerly known as Aspen Private Fund, LLC)
Item
2(b) Address of Principal Business Office or, if None, Residence.
700
N.
Water Street, Suite 1200
Milwaukee,
WI 53202
Item
2(c) Citizenship.
Wisconsin
Item
2(d) Title of Class of Securities.
Common
Stock, par value $0.01
Item
2(e) CUSIP Number.
406092205
Item
3. Filing Status if Filed Pursuant to Rule 13d-1(b) or 13d-2(b).
Not
applicable.
Item
4. Ownership.
(a)
Amount
Beneficially Owned:
686,566
(b)
Percent
of Class:
5.6% (based on 12,168,135 shares of Common Stock outstanding as of
November 20, 2006, as disclosed by Hallador Petroleum Company in its Form
10-QSB filed with the Securities and Exchange Commission on November 20,
2006)
(c)
Number
of Shares as to Which Such Person Has:
(i) Sole
Power to Vote or to Direct the Vote:
686,566
(ii) Shared
Power to Vote or to Direct the Vote:
0
(iii)
Sole
Power to Dispose or Direct the Disposition of:
686,566
(iv) Shared
Power to Dispose or Direct the Disposition of:
0
Item
5. Ownership of Five Percent or Less of a Class.
Not
applicable.
Item
6. Ownership of More Than Five Percent on Behalf of Another
Person.
Lubar
Equity Fund, LLC is managed by Lubar & Co., Incorporated whose Chairman and
President are Sheldon B. Lubar and David J. Lubar, respectively. No other person
other than the Chairman and President of Lubar & Co., Incorporated has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities.
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 I certify that, to the best of my 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.
SIGNATURE
After
reasonable inquiry and to the best of its knowledge and belief, the undersigned
certifies that the information set forth in this statement is true, complete
and
correct.
LUBAR
EQUITY FUND, LLC
By
Lubar
& Co., Incorporated, Manager
By
/s/ David J.
Lubar
Name:
David J. Lubar
Title:
President
Date:
January 18, 2007
5