U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
0-20915
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SEC FILE NUMBER
NOTIFICATION OF LATE FILING
37246F 102
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CUSIP NUMBER
FORM 10-QSB
For period ended March 31, 1998
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
Part I--Registrant Information
Full name of Registrant: Geo Petroleum, Inc.
501 Deep Valley Drive, Suite 300, Rolling Hills Estates, CA 90274
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Address of principal executive office
Part II--Rules 12b-25 (b) and (c)
Not applicable, except that the subject quarterly report on Form 10-QSB
will be filed on or before the fifteenth calendar day following the
prescribed due date.
Part III--Narrative
State below in reasonable detail the reasons why Form 10-QSB could not be filed
within the prescribed period:
The Company's auditors, Ernst & Young LLP, have not completed their
full 1997 audit of the Company's books. The main source of the delay
is: the complex calculation of non-cash charges against earnings
related to the Company's proposed 1998 merger with a related party,
Capitan Resources, Inc; and the calculation of non-cash charges against
earnings related to a lawsuit the Company won against a negligent
contractor. Said charges would have a material effect on the Company's
1997 and 1998 financial statements. The Company cannot complete its
10QSB without the 1997 balance sheet, earnings comparisons, and notes
to financial statements. Ernst & Young LLP expects to have its audit
completed shortly, and the Company will file its 10QSB at that time, in
any event no later than May 31, 1998.
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
<PAGE>
Gerald T. Raydon, 310-265-0721
(2) Have all other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months or for such
shorter period that the registrant was required to file such reports been filed?
Yes
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report?
No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively.
Geo Petroleum, Inc.
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Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date 5/14/98
By GERALD T. RAYDON
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Gerald T. Raydon, Chairman and CEO
