MOUNTAINS WEST EXPLORATION INC
NT 10-K, 1998-03-31
CRUDE PETROLEUM & NATURAL GAS
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                                  FORM 12b-25

                                   [ 0-9500 ]
                                SEC FILE NUMBER

                               [ 06204516 10 0 ]
                                  CUSIP NUMBER

                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

(Check One)   [ X ] Form 10-K  [   ] Form 20-F  [   ] Form 11-F  [   ] Form 10-Q
              [   ] Form N-SAR

For Period Ended: June 30, 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 ________________________________________________
________________________________________________________________________________

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:
________________________________________________________________________________

Part I  Registrant Information

Full Name of Registrant  MOUNTAINS WEST EXPLORATION, INC.

Former Name if Applicable   N/A         

616 Central, S.E., Suite 223            
Address of Principal Executive Office (Street and Number) 

Albuquerque, New Mexico 87102
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 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;
     (b) The subject annual report,  semi-annual report on From 10-K, Form 10-F,
11-K or 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
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
     (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 Form 10-K,  11-K,  20-F or
10-Q or portion  thereof could not be filed within the  prescribed  time period.
(Attach Extra Sheets if Needed)

     Because of the changes that  occurred in the  ownership of the various
     properties  in Papua  New  Guinea  in  which  the  Registrant  owns an
     interest, there was a delay in acquiring a final reserve report on the
     properties. It is believed that the Registrant's Annual Report on Form
     10-KSB will be completed and filed within 5 days following the date of
     this Notification.

Part IV  Other Information
(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
notification.

     Robert A. Doak, Jr.                 505-243-4949       
          (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 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  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 can not be made.

                        MOUNTAINS WEST 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:  March 30, 1998   By Robert A. Doak, Jr.
                        ------------------------------
                        Robert A. Doak, Jr., 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 representatives 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).




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