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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number : 0-22349
(Check One)
( ) Form 10-KSB ( ) Form N-SAR
(X) Form 10-QSB ( ) Form 11-K
( ) Form 20-F
For Period Ended: March 31, 1999
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( ) 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:____________________________
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 Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
Pan Western Energy Corporation
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Full Name of Registrant
_____________________________________________________________
Former Name if Applicable
1850 S. Boulder Avenue, Suite 300
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Address of Principal Executive Office (Street and Number)
Tulsa, Oklahoma 74119
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City, State and Zip Code
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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 III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition report
(X) on Form 10-K (X) Form 20-F, 11-K, of 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 of 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 Forms 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 is waiting on outside accountants to complete their audit of
the Company's books and records as of December 31, 1998. It is anticipated that
the Company will receive the final audit report by May 15, 1999. The Company
will file its annual report on Form-10KSB immediately following receipt of the
audit report.
It is currently anticipated the Registrant will file Form-10QSB on or
before the fifth calendar day following the prescribed due date.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Vincent R. Kemendo
(918) 582-4957
(2) Have all other periodic 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 answer is
no, identify report(s). ( ) Yes (X) No
Annual Report on Form 10-KSB for the year ended December 31,
1998.
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(3) Is it anticipated that any significant changes 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. (X) Yes ( ) No
Due to significantly lower oil and gas prices received by the
registrant for its production during the three months ended March 31, 1999 as
compared to three months ended March 31, 1998, the registrant currently expects
the financial statements for the three ended March 31, 1999 to reflect a
significantly larger net loss than that which was reflected in the financial
statements for comparable periods in 1998.
PAN WESTERN ENERGY CORPORATION
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has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date MAY 11, 1999
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By /s/ SID L. ANDERSON
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Sid L. Anderson, President and Director
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