U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
333-31375
[x] Form 10-K and Form 10-KSB [ ] Form 11-K [ ] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: DECEMBER 31, 1999
[ ] 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
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
FULL NAME OF REGISTRANT:
Forman Petroleum Corporation
ADDRESS OF PRINCIPAL EXECUTIVE OFFICE (STREET AND NUMBER):
650 Poydras Street, Suite 2200, New Orleans, Louisiana 70130-6101
City, State and Zip Code
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PART II - RULES 12B-25(B) AND
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)
[x] (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
STATE BELOW IN REASONABLE DETAIL THE REASONS WHY THE FORM 10-K AND FORM 10-
KSB, 20-F, 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.
The Company emerged from bankruptcy proceedings under Chapter 11 of
the United States Bankruptcy Code on December 29, 1999. The Company is
accounting for the Chapter 11 restructuring by using the principles of
fresh start accounting required by AICPA Statement of Position 90-7,
"Financial Reporting by Entities in Reorganization Under the Bankruptcy
Code." As a result of the foregoing, the auditors have only recently
completed their audit procedures on the Company. Because of the delay in
completing these audit procedures, the Company does not have sufficient
time to meet filing requirements for Form 10-K and to complete the
consolidated financial/accounting requirements by the due date. The
Company will file its Form 10-K within the period prescribed by Rule 12b-
25(b).
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
MARVIN J. GAY (504) 586-8888
(Name) (Area Code) (Telephone Number)
(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).
[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.
<PAGE>
FORMAN PETROLEUM CORPORATION
(NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: MARCH 30, 2000 By: /S/ Marvin J. Gay
