U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[X]Form 10-KSB; [ ]Form 20-F; [ ]Form 11-K; [ ]Form 10-QSB; [ ]Form N-SAR
For Period Ended: December 31, 1999
[ ]Transition Report on Form 10-K
[ ]Transition Report on Form 20-F SEC FILE NUMBER
[ ]Transition Report on Form 11-K 0-24259
[ ]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 Item(s) to which the notification relates:
________________________________________________________________________
Part I--Registrant Information
________________________________________________________________________
Full Name of Registrant: Australian-Canadian Oil Royalties Ltd.
Former Name if Applicable:
Address of Principal Executive
Office (Street and Number): 1304 Avenue L
City, State & Zip Code Cisco, Texas 76437
________________________________________________________________________
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)
[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, semiannual report, transition
report on Form 10-KSB, 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-QSB, or portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and
[X](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-KSB, 20-F, 11-K,
10-QSB, N-SAR or the transition report or portion thereof could not be filed
within the prescribed time period. (Attach Extra Sheets if Needed)
Certain information from our Canadian bank accounts was received late and
certain information that the company expected to receive from Australia was
also late. In addition, key Company personnel were in Australian throughout a
large portion of February and March 2000 involved in what turned out to be
extended negations toward obtaining a significant prospect and were
unavailable to answer questions and make audit documentation available. These
items were critical to the accuracy and completeness of the financial
statements which make up the main items of the Form 10-KSB. Due to these
factors our accountants were not able to complete their audit of the financial
statements in time for us to file the Form 10-KSB by the March 30 due date.
Completion of the filing is expected to occur within the fifteen day extension
created through this notification.
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Part IV--Other Information
________________________________________________________________________
(1)Name and telephone number of person to contact in regard to this
notification: Robert Kamon (254) 442-2658
(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.
Australian-Canadian Oil Royalties Ltd.
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 30, 2000 By: /s/ Robert Kamon
Robert Kamon
Secretary
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.
________________________________________________________________________
<PAGE>
Robert Early & Company, P.C.
March 29, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 200549
RE: Australian-Canadian Oil Royalties Ltd.
SEC File # 0-24259
Gentlemen:
This letter is written in response to the requirement of Rule 12b-25(c) under
the Securities Exchange Act of 1934 and in satisfaction of item (c) of Part II
of Form 12b-25.
We are the independent auditors of Australian-Canadian Oil Royalties Ltd. and
have been engaged to audit its financial statements as of and for the year
ended December 31, 1999. The Registrant has stated in Part III of its filing
on From 12b-25 that it is unable to timely file its Annual report on Form
10-KSB for the year ended December 31, 1999 because our firm has not yet
completed an audit of the financial statements of the Registrant for the year
ended December 31, 1999, and are therefore unable to furnish the required
report on such financial statements.
We hereby advise you that we have read the statements made by the Registrant
in part III of its filing on Form 12b-25. Please be advised that we concur
with the statement that we have been delayed in our receipt of the
Registrant's financial statements and supporting documentation and have been
thus delayed in the completion of our audit of those statements.
Very truly yours,
/s/ Robert Early & Company, P.C.
ROBERT EARLY & COMPANY, P.C.
