CLX ENERGY INC
NT 10-K, 1997-12-30
CRUDE PETROLEUM & NATURAL GAS
Previous: TRIDAN CORP, NSAR-A, 1997-12-30
Next: DYNAMICWEB ENTERPRISES INC, NT 10-K, 1997-12-30




FORM 12b-25
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549


                      NOTIFICATION OF LATE FILING

Attachment A:                (Check One):

     [X] Form 10-K or Form 10-KSB     [ ] Form 20-F     [ ] Form 11-K  
     [ ] Form 10-Q of Form 10-SQB     [ ] Form N-SAR

       For Period Ended:   September 30, 1997
                        ------------------------

- -------------------------------------------------------------------------------
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     CLX ENERGY, INC.

Former Name if Applicable
- -------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)

                            1776 Lincoln Street, Suite 806
- -------------------------------------------------------------------------------
City, State and Zip Code

                            Denver, CO  80203
- -------------------------------------------------------------------------------
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/portion thereof will be filed on or before 
         the fifteenth calendar day following the prescribed due date; or the
         subject quarterly report/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.
- -------------------------------------------------------------------------------
Part III - Narrative
- -------------------------------------------------------------------------------

     State below in reasonable detail the reasons why the From 10-K, 11-K, 
     20-F, 10-Q or N-SAR or portion thereof, could not be filed within the
     prescribed time period.

     The Registrant is attempting to quantify the amount of a liability it may
     be responsible for as discussed further under Part IV - Other Information 
     (3).

<PAGE>

- -------------------------------------------------------------------------------
Part IV - Other Information
- -------------------------------------------------------------------------------

(1)  Name and telephone number of person to contact in regard to this 
     notification


     E. J. Henderson                    303        894-0763
     -------------------------       ---------    ------------------------
         (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) during preceding 12 months (or for 
     such shorter period that the registrant was required 
     to file such reports) 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 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 can not be made.


     In October 1997 the Registrant was notified that the Federal Energy
     Regulatory Commission (FERC) issued an order which stated that ad valorem
     tax levied by the State of Kansas could not be considered as an add on to
     the maximum lawful price of gas sold under the NGPA of 1978.  The 
     Registrant was also notified that, as successor in interest to a 
     predecessor company, it was responsible for refunding amounts paid to the
     predecessor company during 1984 and 1985.


     The Registrant is working with legal counsel to determine what amount the
     Registrant may be responsible for, since a substantial portion of the 
     amounts the predecessor company received were amounts received as agent 
     for other interest owners.

 
<PAGE>

     The loss of the Registrant for the year ended September 30, 1997 
     approximates $71,500 without considering the amount of expense associated
     with the refund discussed in the preceding paragraph.  It is anticipated
     that recording the additional expense associated with the refund will
     substantially increase the loss for the year ended September 30, 1997.
     The loss for the year ended September 30, 1996 was $11,619.

- -------------------------------------------------------------------------------

     CLX ENERGY, INC.
     -------------------------------------------------------------
               (NAME OF REGISTRANT AS SPECIFIED IN CHARTER)




     has caused this notification to be signed on its behalf by the undersigned
     thereunto duly authorized.

                                                  By /s/ E. J. Henderson
     Dated:  December 29, 1997                       E. J. Henderson
                                                     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.




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission