Eco-Stim Energy Solutions (ESESQ) Form 4 Change in insider ownership

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bienville Argentina Opportunities Master Fund, LP

(Last) (First) (Middle)

C/O WALKERS CORP LTD, CAYMAN CORP CENTRE

27 HOSPITAL ROAD, GEORGE TOWN

(Street)

GRAND CAYMAN E9KY1-9008

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Eco-Stim Energy Solutions, Inc. [ ESES ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/03/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/03/2017		J(1)		1,507,696	D	(1)	1,471,838(2)(3)(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Bienville Argentina Opportunities Master Fund, LP

(Last) (First) (Middle)

C/O WALKERS CORP LTD, CAYMAN CORP CENTRE

27 HOSPITAL ROAD, GEORGE TOWN

(Street)

GRAND CAYMAN E9KY1-9008

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Bienville Capital Management, LLC

(Last) (First) (Middle)

521 5TH AVENUE

35TH FLOOR

(Street)

NEW YORK NY 10175

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

BAOF GP, LLC

(Last) (First) (Middle)

C/O WALKERS CORP LTD, CAYMAN CORP CENTRE

27 HOSPITAL ROAD, GEORGE TOWN

(Street)

GRAND CAYMAN E9KY1-9008

(City) (State) (Zip)

Explanation of Responses:

1. These shares were transferred by the Reporting Person as part of an in-kind distribution of assets by the Reporting Person to certain of its investors who elected to roll over all or a portion of their investment in the Reporting Person to another investment fund via an in-kind contribution of securities to the other investment fund. Accordingly, there was no change in beneficial ownership of any investors with respect to the shares of the Issuer as a result of the transfer.

2. All of the reported shares are owned directly by Bienville Argentina Opportunities Master Fund, LP ("Argentina Fund") whose general partner is BAOF GP, LLC (General Partner).

3. Bienville Capital Management, LLC ("Investment Manager") serves as the investment manager of Argentina Fund. The General Partner and Investment Manager could be deemed to be indirect beneficial owners of the above listed Common Stock of the Issuer ("the reported shares"). William Herbert Stimpson II and Michael Cullen Thompson, Jr (collectively, "Managers") are the managers and direct or indirect controlling members of the General Partner and the Investment Manager. Additionally, Donald Stoltz III ("Portfolio Manager") serves as the portfolio manager of the Investment Manager responsible for matters related to the Issuer. As such, the Managers and Portfolio Manager could be deemed to share such indirect beneficial ownership of the reported shares with the General Partner and the Investment Manager, Argentina Fund.

4. The address of William H Stimpson, II is 35 Old Norwalk Road, New Canaan, CT 06840. The address of M. Cullen Thompson Jr. is 124 31st Street Manhattan Beach, CA 90266. The address of Donald Stoltz III is 12 Vanderbilt Drive Livingston, NJ 07039. The General Partner, the Investment Manager, the Managers, and the Portfolio Manager disclaim beneficial ownership except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission of beneficial ownership of these securities for Section 16 or for any other purposes.

	/s/ Donald Stoltz, III on behalf of Bienville Argentina Opportunities Master Fund, LP, by BAOF GP, LLC, its General Partner, by Donald Stoltz, III, Chief Operating Officer	04/17/2017
	/s/ William H. Stimpson, II, Managing Member, on behalf of Bienville Capital Management, LLC	04/17/2017
	/s/ Donald Stoltz III , authorized person, on behalf of BAOF GP, LLC	04/17/2017
	** Signature of Reporting Person	Date
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