UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                  SCHEDULE 13G
                                (Amendment No. 3)

                   Under the Securities Exchange Act of 1934*

                          Storm Cat Energy Corporation
                          ----------------------------
                                (Name of Issuer)

                           Common Stock, no par value
                           --------------------------
                         (Title of Class of Securities)

                                    862168101
                                    ---------
                                 (CUSIP Number)


                                December 31, 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. 862168101                       13G               Page 2 of 7 Pages
------------------------------                              --------------------
---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Touradji Capital Management, LP
---------- ---------------------------------------------------------------------
        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 SHARES
BENEFICIALLY OWNED          4,139,463
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH              7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            4,139,463
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           4,139,463
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           5.1%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IA, PN
---------- ---------------------------------------------------------------------

                                      -2-





------------------------------                              --------------------
CUSIP No. 862168101                       13G               Page 3 of 7 Pages
------------------------------                              --------------------
---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Touradji Global Resources Master Fund, Ltd.
---------- ---------------------------------------------------------------------
        2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                     (a) [ ]
                                                                     (b) |X|
---------- ---------------------------------------------------------------------
        3  SEC USE ONLY
---------- ---------------------------------------------------------------------
        4  CITIZENSHIP OR PLACE OF ORGANIZATION

           Cayman Islands
--------------------- ----- ----------------------------------------------------
                         5  SOLE VOTING POWER

                            0
                      ----- ----------------------------------------------------
                         6  SHARED VOTING POWER
NUMBER OF SHARES
BENEFICIALLY OWNED          2,840,252
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH              7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            2,840,252
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           2,840,252
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           3.5%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           CO
---------- ---------------------------------------------------------------------

                                      -3-






------------------------------                              --------------------
CUSIP No. 862168101                       13G               Page 4 of 7 Pages
------------------------------                              --------------------
---------- ---------------------------------------------------------------------
        1  NAME OF REPORTING PERSON
           I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Paul Touradji
---------- ---------------------------------------------------------------------
        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 SHARES
BENEFICIALLY OWNED          4,139,463
BY EACH REPORTING     ----- ----------------------------------------------------
PERSON WITH              7  SOLE DISPOSITIVE POWER

                            0
                      ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            4,139,463
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           4,139,463
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

           [ ]
---------- ---------------------------------------------------------------------
       11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           5.1%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN
---------- ---------------------------------------------------------------------

                                      -4-




This Amendment No. 3 to the Schedule 13G ("Amendment No. 3") is being filed with
respect to the Common Stock of Storm Cat Energy Corporation, a company organized
under the laws of British Columbia, Canada (the "Company"), to amend the
Schedule 13G filed on January 31, 2006, as amended by that certain Amendment No.
1 thereto filed on April 7, 2006, and as amended by that certain Amendment No. 2
thereto filed on February 14, 2007 (as so amended, the "Schedule 13G"). This
Amendment No. 3 is being filed in connection with the annual requirement to
report changes in beneficial ownership not otherwise reported. Further, this
Amendment No. 3 reports beneficial ownership of less than 5% of the total
outstanding Common Stock of the Company by Touradji Global Resources Master
Fund, Ltd. ("Global Resources"). Capitalized terms used but not defined herein
have the meaning ascribed thereto in the Schedule 13G.

Item 4    Ownership:
          ---------

Item 4 of the Schedule 13G is hereby amended by the deletion of the entirety of
the text thereof and its replacement with the following:

The beneficial ownership of Common Stock by the Reporting Persons, as of the
date hereof, is as follows:

     A. Touradji Capital Management, LP
        -------------------------------

     (a) Amount beneficially owned: 4,139,463 shares of Common Stock as of
     December 31, 2007.

     (b) Percent of Class: 5.1%. The percentages used herein and in the rest of
     this Schedule 13G are calculated based upon a total of 81,078,570
     outstanding shares of Common Stock as of November 8, 2007, as reported on
     the Issuer's Report on Form 10-QSB for the quarterly period ended September
     30, 2007.

     (c)(i) Sole power to vote or direct the vote: -0-
        (ii) Shared power to vote or direct the vote: 4,139,463
        (iii)Sole power to dispose of or direct the disposition: -0-
        (iv) Shared power to dispose of or direct the disposition of: 4,139,463

     B. Touradji Global Resources Master Fund, Ltd.
        -------------------------------------------

     (a) Amount beneficially owned: 2,840,252 shares of Common Stock as of
     December 31, 2007.

     (b) Percent of Class: 3.5%.

     (c)(i) Sole power to vote or direct the vote: -0-
        (ii) Shared power to vote or direct the vote: 2,840,252
        (iii)Sole power to dispose of or direct the disposition: -0-
        (iv) Shared power to dispose of or direct the disposition of: 2,840,252

                                      -5-


     C. Paul Touradji
        -------------

     (a) Amount beneficially owned: 4,139,463 shares of Common Stock as of
     December 31, 2007.

     (b) Percent of Class: 5.1%.

     (c)(i) Sole power to vote or direct the vote: -0-
        (ii) Shared power to vote or direct the vote: 4,139,463
        (iii)Sole power to dispose of or direct the disposition: -0-
        (iv) Shared power to dispose of or direct the disposition of: 4,139,463

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: [ X ]

          Global Resources no longer holds Common Stock in excess of 5%.
          However, Touradji Capital Management, LP and Mr. Paul Touradji
          continue to hold in excess of 5%. Since Global Resources is no longer
          deemed a Reporting Person for this issuer, if the Reporting Persons
          are deemed to be a group, the group should now be deemed to include
          solely Touradji Capital Management, LP and Mr. Paul Touradji.

Item 10   Certification:
          -------------

          Each of the Reporting Persons hereby makes the following
          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.


              [THE REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]


                                      -6-




                                    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:  February 14, 2008


                            TOURADJI CAPITAL MANAGEMENT, LP
                            By: Touradji Capital GP, LLC, its general partner

                            By: Paul Touradji, Managing Member

                            By: /s/ Thomas S. Dwan
                                ------------------------------------------------
                                Name:   Thomas S. Dwan
                                Title:  Attorney-in-fact



                            TOURADJI GLOBAL RESOURCES MASTER FUND, LTD.

                            By: Paul Touradji, Director

                            By: /s/ Thomas S. Dwan
                                ------------------------------------------------
                                Name:   Thomas S. Dwan
                                Title:  Attorney-in-fact



                            PAUL TOURADJI

                            By: /s/ Thomas S. Dwan
                                ------------------------------------------------
                                Name:   Thomas S. Dwan
                                Title:  Attorney-in-fact



               [SIGNATURE PAGE TO AMENDMENT NO. 3 TO SCHEDULE 13G
                                 WITH RESPECT TO
                          STORM CAT ENERGY CORPORATION]



                                      -7-