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UNITED STATES -----------------------------
SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, D.C. 20549 -----------------------------
OMB NUMBER: 3235-0058
FORM 12b-25 Expires: June 30, 1994
Estimated average burden
NOTIFICATION OF LATE FILING hours per response.......2.50
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SEC FILE NUMBER
(Check One): Form 10-K Form 20-F 0-18309
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CUSIP NUMBER
Form 11-K X Form 10-Q Form N-SAR 568240-20-4
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For Period Ended: June 30, 1995
[ ] 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 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.
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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
MARINE DRILLING COMPANIES, INC.
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
ONE SUGAR CREEK CENTER BLVD., SUITE 600, SUGAR LAND, TEXAS 77478-3556
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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
X report on 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; 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.
PART III -- NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 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 NEEDED)
SEE ATTACHMENT (ATTACH EXTRA SHEETS IF NEEDED)
SEC 1344 (11-91)
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Joan R. Smith, Vice President/Controller (713) 243-3000
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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 reports)
been filed? If answer is no, identify report(s). [X] Yes [ ] No
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(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.
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Marine Drilling Companies, 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 August 14, 1995 By /s/ Joan R. Smith
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Joan R. Smith, Vice President/Controller
INSTRUCTION: The form may be signed by an executive officer of the registrant
or by any other duly authorized representive. 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).
__________________________________________________________________________
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.
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ATTACHMENT TO SEC
FORM 12b-25
NOTIFICATION OF LATE FILING OF FORM 10-Q
FOR THE QUARTER ENDED 06/30/95
Registrant: Marine Drilling Companies, Inc.
File No. 0-18309
Cusip No. 568240-20-4
PART III - NARRATIVE
The Company requires more time to complete Item 2. "Management's
Discussion and Analysis of Financial Condition and Results of Operations" due
to possible changes in the Company's 1995 capital expenditure program.
PART IV - OTHER INFORMATION - ITEM (3)
The Company's net income (loss) applicable to common shareholders for the
quarter ended June 30, 1995 was $(1,757,000) compared to a net income for the
same period in 1994 of $1,104,000. The decrease in net income in 1995 was
primarily a result of the following factors -- (i) a decrease in utilization
from 75% during the 1994 period to 62% during 1995 and (ii) a 13% decrease in
average day rates from $19,212 to $16,621.
