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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
(Check One): 000-23185
CUSIP NUMBER
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[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and Form 10-QSB
[ ] Form N-SAR
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For Period Ended: June 30, 2000
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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:
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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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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PART 1--REGISTRANT INFORMATION
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Full Name of Registrant: Petroglyph Energy, Inc.
Former Name if Available:
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Address of Principal Executive Office (Street and Number): 1302 North Grand Street
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City, State and Zip Code: Hutchinson, Kansas 67501
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PART II--RULES 12b-25(B) AND (C)
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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;
[X]
(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.
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PART III--NARRATIVE
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion thereof
could not be filed within the prescribed period:
Petroglyph Energy, Inc. (the "Company") is not able to file its Form 10-Q within
the prescribed period. On June 20, 2000 the Company entered into an Agreement
and Plan of Merger with III Exploration Company, an Idaho corporation ("III
Exploration"), pursuant to which, subject to stockholder approval, a
wholly-owned subsidiary of III Exploration would be merged with and into the
Company. Subsequently, Intermountain Industries, Inc., the parent company of III
Exploration, purchased at par the Company's indebtedness under its credit
agreement with The Chase Manhattan Bank. The acquisition of this indebtedness
had a significant impact on the Company's discussion of its financial condition
and liquidity. The Company was not able to file its Form 10-Q within the
prescribed period as a result of the updated discussion the Company felt was
necessary for a complete understanding of its financial condition and liquidity.
(Attach Extra Sheets if Needed)
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PART IV--OTHER INFORMATION
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(1) Name and telephone number of person to contact in regard to this
notification
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S. Kennard Smith (316) 665-8500
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(Name) (Area Code) (Telephone Number)
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(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 the answer is no,
identify report(s).
[ ] Yes [X] No
Registrant's Form 10-K for the year ended December 31, 1999
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(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?
[X] Yes [ ] 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.
Net loss available to common shareholders for the six month period
ended June 30, 2000 was ($2,225,000) compared to a net loss of ($196,000) for
the same period in 1999. Primary factors contributing to the increase in the
losses were increased interest expense, increased operating expense and merger
expense.
PETROGLYPH ENERGY, 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 August 15, 2000 By: /s/ S. KENNARD SMITH
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S. Kennard Smith, Vice President
and Chief Financial Officer
