U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
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NOTIFICATION OF LATE FILING
COMMISSION FILE NUMBER
0-15905
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and
Form 10-QSB [ ] Form N-SAR
For Period Ended: SEPTEMBER 30, 2000
--------------------------------
[ ] 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
BLUE DOLPHIN ENERGY COMPANY
Former Name if Applicable
NOT APPLICABLE
Address of Principal Executive Office (Street and Number)
801 TRAVIS, SUITE 2100
City, State and Zip Code
HOUSTON, TEXAS 77002
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;
|X| (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-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.
<PAGE>
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
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 period.
The Registrant is currently responding to comments on its periodic reports from
the Division of Corporation Finance at the Securities and Exchange Commission.
Certain of these comments will effect the disclosure in the Registrant's Form
10-Q for the quarter ended September 30, 2000 (the "Form 10-Q"). The registrant
is in the process of assembling the requisite information (i) to respond to the
staff's comments, and (ii) necessary to prepare and timely file the Form 10-Q.
For the foregoing reasons the Registrant could not timely file the Form 10-Q
without unreasonable effort and expense.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
G. Brian Lloyd (713) 227-7660
(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 the 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 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.
BLUE DOLPHIN ENERGY 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 15, 2000 By /s/ G. Brian Lloyd
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.
ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS (SEE 18 U.S.C. 1001).
The Company reported a net loss for the nine months ended September 30, 2000, of
$9,906,052, compared to net income of $80,935 reported for the nine months ended
September 30, 1999. Net loss in the current period included a loss on the
impairment of oil and gas properties and recognition of its abandonment
obligations of $10,654,976.
For the quarter ended September 30, 2000 the Company reported a net loss of
$10,109,585 compared to a net loss of $429,033 for the quarter ended September
30, 1999. Net loss in the current quarter included a loss on the impairment of
oil and gas properties and recognition of its abandonment obligations of
$10,654,976.
