U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b - 25
NOTIFICATION OF LATE FILING
(Check one):
[ ] Form 10-K and Form 10-DSB [ ] Form 20-F [ ] Form 11-K [x]Form 10-Q and Form
10-QSB [ ] Form N-SAR
For Period Ended: February 28, 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:
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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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:.........................
................................................................................
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PART I - Registrant Information
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Full Name of Registrant Norton Drilling Services, Inc.
Former Name if Applicable
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Address of Principle Executive Office (Street and Number)
5211 Brownfield Highway, Suite 230
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City, State and Zip Code Lubbock, Texas 79407
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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)
(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
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.
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Part III - Narrative
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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 time period.
See Attached Statement (Attach Extra Sheets if Needed)
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Part IV - Other Information
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(1)Name and telephone number of person to contact in regard to this
notification
David Ridley 806 785-8400
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(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?
[ ] 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.
Norton Drilling Services, 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 April 14, 1999 By
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S. Howard Norton, III, President & CEO
INSTRUCTION: The form may be signed by an executive office 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.
Part III.
The Registrant is in discussions with a third party in regards to material
items on the financial statements. Due to time and personnel constraints of the
third party, the discussions cannot be held and the transaction consummated
until April 15, 1999, or one day subsequent to the prescribed filing date. The
Registrant will be able to file the Form 10-Q within the fifth calendar day
following the prescribed due date.
