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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-8898
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NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-QSB
[ ] Form N-SAR
For Period Ended: June 30, 1996
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[ ] Transition Report Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
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.
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 I. REGISTRANT INFORMATION
Full name of registrant Midcoast Energy Resources, Inc.
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Former name if applicable
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Address of principal executive office (Street and number)
1100 Louisiana, Suite 2950
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City, State and Zip Code Houston, Texas 77002
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PART II. RULE 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 appropriate box.)
[ ] (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, 20-F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the 15th 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 Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
Midcoast Energy Resources, Inc. ("Midcoast") filed Amendment No. 4 to
Form SB-2 (Registration No. 333-4643) ("Registration Statement") on August 8,
1996. The Registration Statement was declared effective by the U.S. Securities
and Exchange Commission on August 9, 1996 and Midcoast has since been in
the process of closing the equity offering. As a result, Midcoast was not
able to prepare the Form 10-QSB in the required time period with all necessary
disclosures. Midcoast anticipates that it will be able to file the Form 10-QSB
within five calendar days of the prescribed due date.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Richard Robert (713) 650-8900
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(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?
[ 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.
It is anticipated that Midcoast's results of operations for the six
months ended June 30, 1996 will reflect significant improvement over the
corresponding 1995 period. Midcoast estimates its net income to common
shareholders will be approximately $500,000 for th six months ended June 30,
1996 as compared to $27,000 for the six months ended June 30, 1995. The
significant increase is principally attributable to the results of operations
of Magnolia Pipeline Corporation, a wholly owned subsidiary, which was acquired
by Midcoast in August 1995.
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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 14, 1996 By: /s/ RICHARD ROBERT
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Name: Richard Robert
Title: Treasurer
Principal Financial Officer
Principal Accounting Officer
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