COLORADO WYOMING RESERVE CO
NT 10-K, 2000-09-28
CRUDE PETROLEUM & NATURAL GAS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25
                                                         SEC File Number 0-09482

                                                          CUSIP Number 628652109

                           NOTIFICATION OF LATE FILING

                                  (Check one):

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

                         For Period Ended: June 30, 2000

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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:      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 Deveopments, 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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<PAGE>


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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

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

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

            The Company was unable to prepare its financial statements timely as
it had not completed negotiations with the company performing its accounting
services regarding payment for services previously rendered and to be rendered
and as the Company was also finalizing a loan and other material agreements.

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

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.)
                  Laura B. Gill           (303)      892-7333


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<PAGE>


            (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?

                    [ ]  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.

                     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:  September 28, 2000                   /s/ KIM M. FUERST
                                          --------------------------------------
                                          Name:  Kim M. Fuerst
                                          Title: Chief Executive Officer

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.




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