UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING
CUSIP NUMBER
(Check One): Form 10-K Form 20-F Form 11-K x Form 10-Q Form N-SAR
For Period ended: MARCH 31, 1999
[] 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 Instruction (on back page) 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
FORELAND CORPORATION
Full Name of Registrant
N/A
Former Name if Applicable
143 UNION BOULEVARD, SUITE 210
Address of Principal Executive Office (Street and Number)
LAKEWOOD, COLORADO 80228
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, transition report on
x Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the prescribed
due date; of 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 Form 10-K and Form 10-KSB, Form
20-F 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
The Registrant recently implemented a number of cost cutting measures that
have reduced the personnel available to prepare the result, which resulted in
unexpected delays.
PART IV - OTHER INFORMATION
(1)Name and telephone number of person to contact in regard to this
notification
James R. Kruse 801 531-7090
---------------- ----------- ----------------
(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 reports) been filed? If answer is no, identify report(s).
o Yes xNo
The Registrant has not filed the information required in Part 3 of the
annual report on form 10-K for the year ended December 31, 1998. The
information was not included in the original filing in anticipation of
including it in a proxy statement for the 1999 annual meeting of the
shareholders of the Registrant.
(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 oNo
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.
FORELAND CORPORATION
------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date May 17, 1999 By /s/ N. Thomas Steele, President
Three Months Ended
March 31,
1999 1998
Revenues(1) $ $412,811
4,888,31
1
Net Loss $(1,373, $(1,017,
563) 501)
Net Loss per Common Share $ (0.15) $ (0.12)
Weighted Average Number
of Common Shares 9,697,90 8,520,90
Outstanding 0 0
(1) Effective August 1998, the Registrant acquired certain refining and
transportation assets. Operations for the three months ended March 31, 1999,
include activities of this new operating segment while operations for the
three months ended March 31, 1998, do not.
