UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B 25
SEC FILE NUMBER
33-1381-D
NOTIFICATION OF LATE FILING
CUSIP NUMBER
(Check One): (X) Form 10 K ( ) Form 20 F ( ) Form 11 K ( )
Form 10 Q ( ) Form N SAR
For Period Ended: December 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
EuroGas, Inc.
Full Name of Registrant:
Former Name if Applicable:
942 East 7145 South, Suite 101A
Address of Principal Executive Office (Street and Number):
Midvale, Utah 84047
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)
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[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, semi annual report, transition
report on Form 10 K, Form 20 F, Form 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
[x] (c) The accountant's statement or other exhibit required by Rule
12b 25(c) has been attached if applicable.
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PART III NARRATIVE
State below in reasonable detail the reasons why Forms 10 K, 20 F, 11 K, 10
Q, N SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period. (Attach Extra Sheets if Need)
SEC 1344 (6/94)
EuroGas, Inc. (the "Company") is engaged in the identification,
acquisition and development of rights to explore for and develop natural
resource properties located in Poland, the Ukraine, Slovakia, the Sakha
Republic, Slovenia, Canada, Germany and the United States. Generally, the
Company's efforts to identify, acquire and develop these properties are
conducted through joint efforts undertaken by a subsidiary or other
affiliate of the Company and a local joint venture partner, consortium or
operator.
The Company and its auditors have undertaken extensive efforts to
consolidate and audit the financial statements of the Company. Despite the
Company's and auditors' extensive efforts, the Company has not been able to
gather and review all the financial information from the Company's joint
venture partners, consortiums and operators necessary for the Company's
Annual Report on Form 10-K for the year ended December 31, 1999 (the "Form
10-K"). By way of example, the Company did not receive the financial
information for its substantial Canadian operations until March 29, 2000.
Recognizing that the Form 10-K is required to be filed on or before March
30, 2000, the Company has concluded that the Form 10-K cannot be completed
and filed on a timely basis without unreasonable effort and expense. The
Company plans to file the Form 10-K as soon as reasonably practicable.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
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Brian G. Lloyd (801) 532-7840
(Name) (Area Code) (Telephone Number)
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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 report(s) 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 there?
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. ( ) Yes (X) No
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EuroGas, Inc.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date March 31, 2000 By /S/ Hank Blankenstein
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Hank Blankenstein, Chief Financial 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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ATTENTION
Intentional misstatements or omissions of fact constitute Federal Criminal Violations
(See 18 U.S.C. 1001).
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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b 25 (17 CFR 240.12b 25 ) of the
General Rules and Regulations under the Securities Exchange Act of
1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and
Exchange Commission, Washington, D.C. 20549, in accordance with Rule 0
3 of the General Rules and Regulations under the Act. The information
contained in or filed with the form will be made a matter of public
record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of
securities of the registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b 25 but
need not restate information that has been correctly furnished. The
form shall be clearly identified as an amended notification.
5. Electronic Filers. This form shall not be used by electronic files
unable to timely file a report solely due to electronic difficulties.
Files unable to submit a report within the time period prescribed due
to difficulties in electronic filing should comply with either Rule
201 or Rule 202 of Regulation S T (Section232.201 or Section232.202 of
this chapter) or apply for an adjustment in filing date pursuant to
Rule 13(b) of Regulation S T (Section232.13(b) of this charter).
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HANSEN, BARNETT & MAXWELL
A Professional Corporation
CERTIFIED PUBLIC ACCOUNTANTS
(801) 532-2200
Member of AICPA Division of Firms Fax (801) 532-7944
Member of SECPS 345 East 300 South, Suite 200
Member of Summit International Associates Salt Lake City, Utah 84111-2693
March 30, 2000
Eurogas, Inc.
942 East 7145 South
Suite A-101
Midvale, Utah 84047
We have not yet received supporting documentation from EuroGas, Inc.
relating to certain accounting information. Accordingly, we are
unable to complete our audit by March 30, 2000.
HANSEN, BARNETT & MAXWELL
