LONE WOLF ENERGY INC
NT 10-K, 1998-04-01
BLANK CHECKS
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM 12b-25

NOTIFICATION OF LATE FILING

FORM 10-KSB
For the period ended March 31, 1997


Part I.  Registrant Information

LONE WOLF ENERGY, INC.
(Full Name of Registrant)

K&S Ventures, Inc.
(Former Name of Registrant)

8908 South Yale Avenue, Suite 409
Tulsa, Oklahoma  74137
(Address of Principal Executive Offices)

SEC File No.  0-24684	  IRS Employer ID No. 84-1214336


Part II.  Rules 12b-25 (b) and (c)

The Registrant makes the following representations with respect to filing 
this Form 12b-25:

(a)  The reason(s) causing the inability to file timely could not be 
eliminated by the Registrant without unreasonable effort or expense.

(b)  The subject annual report on Form 10-KSB for the period ended 
December 31, 1997, will be filed no later than the fifteenth calendar day 
following the due date.

(c)  Not Applicable


Part III.  Narrative

The Form 10-KSB for the period ended December 31, 1997 could not be filed 
within the prescribed time period as the Company was unable to obtain, 
without unreasonable effort or expense, certain information related to 
its financial statements and exhibits.



Part IV.  Other Information

(1)  Name and telephone number of person to contact in regard to this 
notification:

Rhonda R. Vincent
Vice President, Secretary and Treasurer
(918) 481-0167

(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?
								[ 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
  
	
SIGNATURES

The Registrant has caused this notification to be signed on its 
behalf by the undersigned thereunto duly authorized.

Date:  March 31, 1998


       LONE WOLF ENERGY, INC.

By:    /s/  Rhonda R. Vincent
       ----------------------------		  
							Rhonda R. Vincent
							Secretary and Treasurer



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