SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
Notification of Late Filing
Commission File Number: 0-26402
(Check one)
| | Form 10-K and Form 10-KSB | | Form 11-K | | Form 20-F
|X| Form 10-Q and Form 10-QSB | | Form N-SAR
For the period ended September 30, 1998
| | Transition Report on Form 10-K and Form 10-KSB
| | Transition Report on Form 20-F
| | Transition Report on Form 11-K
| | Transition Report on Form 10-Q and Form 10-QSB
| | Transition Report on Form N-SAR
For the transition period ended ____________
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 notification relates:_____________________________
PART I
REGISTRANT INFORMATION
Full name of registrant: The American Energy Group, Ltd.
Former name if applicable:
Address of principal
executive office: PO BOX 489
City, State and Zip Code: Simonton, Texas 77476
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PART II
RULE 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 appropriate box.)
|X| (a) The reasons described in 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
of Forms 10-K, 10- KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be
filed on or before the 15th calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form 10-Q, 10-QSB, 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.
PART III
NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be
filed within the prescribed time period. (Attach extra sheets if needed.)
The Registrant's quarterly report on Form 10-Q could not be filed within
the prescribed time period because the Company has been delayed in the
completion of it's annual report on Form 10-K due to circumstances beyond its
control. The information to be contained in the annual report on Form 10-K needs
to be completed before the Form 10-Q can be filed.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
BRADLEY J. SIMMONS (281) 346-2652
(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.
EXPLANATION FOR FORM 12B-25 PART IV ITEM (3):
Revenue from the sale of oil during the first quarter ended September 30,
1998 declined by approximately $120,000 compared to the same quarter in the
fiscal year ended June 30, 1998. This is in part due to the drop in global oil
prices. The Company's average price per barrel of oil declined by approximately
$6.90 per barrel during the quarter ended September 30, 1998 compared to the
same quarter in fiscal 1998. During the quarter ended September 30, 1998, a
majority of the Company's domestic oil wells were shut in for field repairs and
maintenance. Net income during the quarter ended September 30, 1998 declined by
approximately $130,000 compared to the same quarter in fiscal 1998 for the above
reasons.
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The American Energy Group, Ltd.
(Name of Registrant as Specified in Charter
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date November 17, 1998 By /s/ BRADLEY J. SIMMONS
Bradley J. Simmons
Chairman of the Board, President,
and Chief Accounting Officer
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