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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000950129-06-009355.txt : 20070112
<SEC-HEADER>0000950129-06-009355.hdr.sgml : 20070112
<ACCEPTANCE-DATETIME>20061103103928
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950129-06-009355
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20061103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NACG Holdings Inc.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		ZONE 3, ACHESON INDUSTRIAL AREA
		STREET 2:		2-53016 HIGHWAY 60
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 5A7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTH AMERICAN ENERGY PARTNERS INC.
		DATE OF NAME CHANGE:	20061129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NACG Holdings Inc.
		DATE OF NAME CHANGE:	20060707
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">November&nbsp;3, 2006
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U>By Fax</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">United States Securities and Exchange Commission<BR>
100 F Street, N.W.<BR>
Washington, D.C. 20549

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Attention: Donna Levy
</DIV>


<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Re:</TD>
    <TD>&nbsp;</TD>
    <TD>NACG Holdings Inc.<br>
Form&nbsp;F-1<br>
File No.&nbsp;333-135943</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ladies and Gentlemen:
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On behalf of the above-referenced Registrant, attached hereto are hand marked pages of the
&#147;Principal and Selling Shareholders&#148; sections from Amendment No.&nbsp;4 to the above-referenced
Registration Statement on Form F-1 (&#147;Amendment No.&nbsp;4&#148;). The hand marks indicate the number of
shares the Registrant expects each listed shareholder will beneficially own after giving effect to the Reorganization and
how many shares the Registrant expects each selling shareholder will sell in the offering. The Registrant is providing
this information supplementally to the staff (the &#147;Staff&#148;) of the Division of Corporation Finance
of the Securities and Exchange Commission for its review in connection with the filing of Amendment
No.&nbsp;4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If any member of the Staff has any questions regarding the foregoing, or desires further
information or clarification in connection therewith, please contact the undersigned at
713-221-1456 or Gary W. Orloff at 713-221-1306.
</DIV>


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    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"> Very truly yours,<BR>
<BR>
<BR>
Bracewell &#038; Giuliani LLP<BR>
<BR>
<BR>
/s/&nbsp;&nbsp;Troy L. Harder<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD colspan="5">&nbsp;</TD>
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">TLH/pd<BR>
Enclosure

</DIV>

<DIV align="left" style="margin-top: 12pt">
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</TR>
<TR valign="top">
    <TD nowrap align="left">cc:</TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Vincent J. Gallant<br>
NACG Holdings Inc.</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 12pt">
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    <TD width="3%"></TD>
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    <TD>&nbsp;</TD>
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</DIV>

<DIV align="left" style="margin-top: 12pt">
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    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"></TD>
    <TD>&nbsp;</TD>
    <TD>Mr.&nbsp;Kris F. Heinzelman<br>
Cravath, Swaine &#038; Moore LLP</TD>
</TR>
</TABLE>
</DIV>





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