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


                                  SCHEDULE 13G
                                (Amendment No. 2)

                   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, 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:

            [ ]    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 8 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
NUMBER OF             ----- ----------------------------------------------------
SHARES                   6  SHARED VOTING POWER
BENEFICIALLY
OWNED                       6,311,130
BY                    ----- ----------------------------------------------------
EACH                     7  SOLE DISPOSITIVE POWER
REPORTING
PERSON                      0
WITH                  ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            6,311,130
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           6,311,130
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

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

           7.7%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

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


                                      -2-





-------------------                                            -----------------
CUSIP No. 862168101                    13G                     Page 3 of 8 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
NUMBER OF             ----- ----------------------------------------------------
SHARES                   6  SHARED VOTING POWER
BENEFICIALLY
OWNED                       5,215,994
BY                    ----- ----------------------------------------------------
EACH                     7  SOLE DISPOSITIVE POWER
REPORTING
PERSON                      0
WITH                  ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            5,215,994
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           5,215,994
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

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

           6.4%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

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


                                      -3-





-------------------                                            -----------------
CUSIP No. 862168101                    13G                     Page 4 of 8 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
NUMBER OF             ----- ----------------------------------------------------
SHARES                   6  SHARED VOTING POWER
BENEFICIALLY
OWNED                       6,311,130
BY                    ----- ----------------------------------------------------
EACH                     7  SOLE DISPOSITIVE POWER
REPORTING
PERSON                      0
WITH                  ----- ----------------------------------------------------
                         8  SHARED DISPOSITIVE POWER

                            6,311,130
---------- ---------------------------------------------------------------------
        9  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           6,311,130
---------- ---------------------------------------------------------------------
       10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

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

           7.7%
---------- ---------------------------------------------------------------------
       12  TYPE OF REPORTING PERSON*

           IN
---------- ---------------------------------------------------------------------
                      *SEE INSTRUCTION BEFORE FILLING OUT


                                      -4-





This Amendment No. 2 to the Schedule 13G (this "Amendment No. 2") 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 (as so amended, the "Schedule 13G"). This
Amendment No. 2 is being filed in connection with the annual requirement to
report changes in beneficial ownership not otherwise reported. 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: 6,311,130 shares of Common
                    Stock as of December 31, 2006, consisting of the sum of (i)
                    4,915,782 shares of Common Stock held directly by the Funds;
                    and (ii) 1,395,348 shares of Common Stock that would be
                    received on exercise of warrants held by the Funds to
                    purchase shares of Common Stock ("Warrants").

                    (b) Percent of Class: 7.7%. The percentages used herein and
                    in the rest of this Schedule 13G are calculated based upon a
                    total of 81,825,168 outstanding shares of Common Stock
                    consisting of the sum of (i) 80,429,820 shares of Common
                    Stock outstanding as of October 31, 2006, as reported on the
                    Issuer's Report on Form 10-Q for the quarterly period ended
                    September 30, 2006; and (ii) 1,395,348 shares of Common
                    Stock that would be received on exercise of Warrants.

                    (c) (i)    Sole power to vote or direct the vote: -0-
                        (ii)   Shared power to vote or direct the vote:
                               6,311,130
                        (iii)  Sole power to dispose of or direct the
                               disposition: -0-
                        (iv)   Shared power to dispose of or direct the
                               disposition of: 6,311,130

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

                    (a) Amount beneficially owned: 5,215,994 shares of Common
                    Stock as of December 31, 2006, consisting of the sum of (i)
                    4,026,460 shares of Common Stock and (ii) 1,189,534 shares
                    of Common Stock that would be received on exercise of
                    warrants held by Global Resources to purchase shares of
                    Common Stock.


                                      -5-





                    (b) Percent of Class: 6.4%.

                    (c) (i)    Sole power to vote or direct the vote: -0-
                        (ii)   Shared power to vote or direct the vote:
                               5,215,994
                        (iii)  Sole power to dispose of or direct the
                               disposition: -0-
                        (iv)   Shared power to dispose of or direct the
                               disposition of: 5,215,994

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

                    (a) Amount beneficially owned: 6,311,130 shares of Common
                    Stock as of December 31, 2006, consisting of the sum of (i)
                    4,915,782 shares of Common Stock held directly by the Funds;
                    and (ii) 1,395,348 shares of Common Stock that would be
                    received on exercise of Warrants.

                    (b) Percent of Class: 7.7%.

                    (c) (i)    Sole power to vote or direct the vote: -0-
                        (ii)   Shared power to vote or direct the vote:
                               6,311,130
                        (iii)  Sole power to dispose of or direct the
                               disposition: -0-
                        (iv)   Shared power to dispose of or direct the
                               disposition of: 6,311,130

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: [ ]

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, 2007


                              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. 2 TO SCHEDULE 13G
                                 WITH RESPECT TO
                          STORM CAT ENERGY CORPORATION]


                                      -7-





                                  EXHIBIT INDEX
                                  -------------

Exhibit 99.1:  Joint Filing Agreement, dated February 14, 2007, by and among
               Touradji Capital Management, LP, Touradji Global Resources Master
               Fund, Ltd. and Mr. Paul Touradji.


                                      -8-