QUINTESSENCE OIL CO
NT 10-Q, 1998-08-14
CRUDE PETROLEUM & NATURAL GAS
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                                   Form 12b-25
                    [As last amended in Release No. 34-35113,
                        December 19, 1995, 59 F.R.67742.]

                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12B-25

                           NOTIFICATION OF LATE FILING
                                  (Check One):

      [ X ]Form 10-Q [ ]Form 10-K [ ] Form 20-F [ ]Form 11-K [ ]Form N-SAR

      For Period  Ended:  June 30, 1998
      [ ]  Transition Report on Form 10-K
      [ ]  Transition Report on Form 20-F
      [ ]  Transition Report on Form 11-K
      [ ]  Transition Report on Form 10-Q 
      [ ] Transition Report on Form N-SAR 
      For the Transition Period Ended:
- --------------------------------------------------------------------------------
  Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.

     Nothing in this form shall be  construed to imply that the  Commission  has
verified any information contained herein.
- --------------------------------------------------------------------------------
     If the  notification  relates to a portion of the  filing  checked  above,
identify the Items(s) to which the notification relates.

- --------------------------------------------------------------------------------
Part I - Registrant Information
- --------------------------------------------------------------------------------

Full name of Registrant       QUINTESSENCE OIL COMPANY

Former Name if Applicable

Address of Principal Executive Office (Street and Number)

                              4424 SKYLANE AVENUE

City, State and Zip Code      RIVERTON, WY 82501


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- --------------------------------------------------------------------------------
Part II - Rules 12b-25(b) and (c)
- --------------------------------------------------------------------------------

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)
      (a) The reasons  described  in  reasonable  detail in Part II of this form
could not be eliminated without unreasonable effort or expense;
      (b) The subject annual report,  semi-annual  report,  transition report on
Form 10-K,  Form 20- F, 11-K or Form N-SAR,  or portion thereof will be filed on
or before the fifteenth  calendar day following the  prescribed due date; or the
subject  quarterly report or transition  report on Form 10-Q, or portion thereof
will be filed on or before the fifth  calendar day following the  prescribed due
date; and
      (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.

- --------------------------------------------------------------------------------
Part III - Narrative
- --------------------------------------------------------------------------------

State below in reasonable  detail the reasons why Form 10-K,  20-F,  11-K, 10-Q,
N-SAR or the transition report or portion thereof, could not be filed within the
prescribed time period.

     Registrant's  Chairman,  CEO and  President is also the President of a
     non-affiliated   exploration   drilling   company  which  occupied  an
     significant amount of his time and required him to be out of town, due
     to  a  large   seasonal   increase  in  business   performed   by  the
     non-affiliated  company.  The  Registrant  has no other  employees who
     could perform the tasks needed to supply the Registrant's  independent
     accountants  with the  information  needed to  prepare  the  financial
     section of the Form 10-Q.  Registrant  is of the opinion  that none of
     the  Form  10-Q  should  be  filed   without  the  subject   financial
     information. The Form 10-Q will be filed on or before August 18, 1998.



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- --------------------------------------------------------------------------------
Part IV - Other Information
- --------------------------------------------------------------------------------

      (1) Name and  telephone  number  of person  to  contact  in regard to this
notification.

                        NICK BEBOUT     (307) 856-1577

      (2) Have all other period reports required under section 13 or 15(d)of the
Securities  Exchange Act of 1934 or section 30 of the Investment  Company Act of
1940  during  the  preceding  12  months  or for such  shorter  period  that the
registrant was required to file such report(s) been filed?
If the answer is no, identify reports(s).
                                                             [ X ]Yes   [  ]No

      (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 or portion thereof?
                                                             [  ]Yes   [ X ]No

      If so: attach an explanation of the anticipated  change,  both narratively
and  quantitatively,  and, if  appropriate,  state the reasons why a  reasonable
estimate of the results cannot be made.


                           QUINTESSENCE OIL COMPANY
- --------------------------------------------------------------------------------
                 (Name of Registrant as specified in charter)

has caused this  notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date:     August 14, 1998                 By:   /s/   Nick Bebout
       -----------------------------          ----------------------------------
                                               NICK BEBOUT, Chairman, CEO
                                               and President


INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.


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