UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 1-12322
(Check one:)
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: December 31, 1997
[ ] 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
Saba Petroleum Company
Full name of Registrant
Bordeaux Petroleum Company
Former Name if applicable
3201 Airpark Drive Suite 201
Address of Principal Executive Office (Street and Number)
Santa Maria, California 93455
City, State and Zip Code
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 Rules 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, 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 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.
<PAGE>
PART II--NARRATIVE
State below in reasonable detail the reasons why the Form 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. (ATTACH EXTRA SHEETS IF NEEDED)
See Exhibit 1
PART IV--OTHER INFORMATION
<TABLE>
(1)Name and telephone number of person to contact in regard to this notification
<S> <C> <C>
Walton C. Vance 805 347-8700
(Name) (Area code) (Telephone number)
</TABLE>
(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) .
[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 of 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.
Saba Petroleum Company
(Name of Registrant as specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date August 15, 1997 By Walton C. Vance
(Walton C. Vance, Vice President)
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.
ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001)
<PAGE>
Form 12b-25
December 31, 1997
Commission File No. 1-12322
PART III. REASONS FOR DELAY IN FILING FORM 10-K WITHIN PRESCRIBED TIME PERIOD
The Company's Form 10-K has not been filed with the Commission within the
prescribed time period (by mARCH 31, 1998) for the following reasons which were
outside the Company's control and which could not have been avoided without
unreasonable expense:
A significant portion of the Company's operations are reported by foreign
subsidiaries. Obtaining the necessary information from the properties' operators
and reporting entities which the Company needs in order to complete its
consolidated financial reporting has been delayed due to several factors,
including distance, language translation, and personnel turnover at the
operator's foreign offices.
