SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
SEC File Number 000-09482
CUSIP Number 628652109
NOTIFICATION OF LATE FILING
(Check one):
[ ] Form 10-KSB [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q [ ] Form N-SAR
For Period Ended: March 31, 1998
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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.
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If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates: N/A
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PART I. - Registrant Information
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Full Name of Registrant COLORADO WYOMING RESERVE COMPANY
Former Name if Applicable:
Mystique Developments, Inc.
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Address of Principal Executive Office
(Street and Number)
751 Horizon Court, Suite 205
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City, State and Zip Code
Grand Junction, CO 81506
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PART II. - Rules 12b-25(b) and (c)
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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 or semiannual 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.
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III. - Narrative
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State in reasonable detail the reasons why the Form 10-K, 11-K, 20-F, 10-Q
or N-SAR or portion thereof could not be filed within the prescribed time
period.
The Company's financial information for the quarter ended March 31, 1998
was delayed due to the Company's relocation from California to Colorado.
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IV. - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification.
(Name) (Area Code) (Telephone No.)
Patricia M. Mitchell (303) 892-7321
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(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 reports been
filed? If answer 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.*
COLORADO WYOMING RESERVE COMPANY
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 15, 1998 By: /s/ Kim M. Fuerst
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Name: Kim M. Fuerst
Title: 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.
During the third quarter of fiscal 1998, a $41,000 impairment expense was
recognized. There was no impairment expense recognized during the third
quarter of fiscal 1997. Year to date revenues in fiscal 1998 total $27,000,
compared to $54,000 in the same period of fiscal 1997. General and
administrative expense is $404,000 for the nine months ended 3/31/98,
compared to $173,000 for the nine months ended 3/31/97. Equity issued as
compensation increased from $345,000 last year to $782,000 in the current
year.
