UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
[X] FORM 10-K [ ] FORM 20-F [ ] FORM 11-K [ ] FORM 10-Q
For Period Ended: December 31, 1994 . . . . . SEC FILE NUMBER 000-09419
CUSIP NUMBER 739272 20 1
[X] 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 PERIOD ENDED: SEPTEMBER 30, 1999
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: Entire Form 10-K
Part I - Registrant Information
FULL NAME OF REGISTRANT POWER EXPLORATION, INC.
FORMER NAME IF APPLICABLE N/A
Address of Principal Executive Office:
5416 Birchman Avenue
Fort Worth, Texas 76107
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)
(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 From 10-K, Form 2-F, 11- F, or From 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
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(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-K, 11-K, 20-F,
10-Q or N-SAR or portion thereof could not be filed within the prescribed time
period.
During the fourth quarter of 1999, the Company was involved in
extensive and time consuming negotiations for the acquisition of
approximately 32 sets of oil leases, representing mineral rights to
approximately two hundred forty (240) producing oil wells, as well as
approximately 39 injection wells, in the Corsicana Shallow Field,
Navarro County, Texas. As a result of the demands on Management's time
during the negotiations and finalization of the contracts for
acquisition of these oil properties, the Company did not have
sufficient available personnel to prepare a timely filing.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this
notification.
JOE BILL BENNETT PRESIDENT (817) 377-4464
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(Name) (Title) (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 12 months or for
such shorter period that the registrant was required to file
such report(s) been filed? If the answer if 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
narrative and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be
made Corporate offices and management changes.
N/A
POWER EXPLORATION, INC.
-----------------------
(Name of Registrant as specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
DATE: DECEMBER 28, 1999 BY: /S/ JOE BILL BENNETT, PRESIDENT
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Name: Joe Bill Bennett
Title: President
