Bellatrix Exploration Ltd. (BXE): Billionaire Howard Marks’ Oaktree Capital Management Takes 8.8% Stake

Page 2 of 23 – SEC Filing

CUSIP No. 078314101

SCHEDULE 13G

Page 2 of 20

1	NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Oaktree Value Opportunities Fund, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP	(a)  o (b)  o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER 18,750,000 (1)
	6	SHARED VOTING POWER None
	7	SOLE DISPOSITIVE POWER 18,750,000 (1)
	8	SHARED DISPOSITIVE POWER None

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,750,000 (1)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.8% (2)
12	TYPE OF REPORTING PERSON PN

 

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(1)	In its capacity as the direct owner of 18,750,000 Common Shares of the Issuer.

(2)	All calculations of percentage ownership are based on a total of 212,511,486 Common Shares outstanding as of June 30, 2016, as disclosed in the Issuer’s Form 6-K filed with the Securities and Exchange Commission on August 10, 2016 (the “Form 6-K”).