NT 10-K 1 v109300_nt10k.htm

United States
Securities and Exchange Commission

Form 12b-25
SEC File No. 000-30095
CUSIP No. 95083L 103

NOTIFICATION OF LATE FILING

(Check One): xForm 10-K and Form 10-KSB; o Form 20-F; o Form 11-K; o Form 10-Q and Form 10-QSB; o Form N-SAR

For Period Ended: December 31, 2007

o Transition report on Form 10-K
o Transition Report on Form 20-F
o Transition Report on Form 11-K
o Transition Report on Form 10-Q
o Transition Report on Form N-SAR
For the Transition Period Ended: ___________________________

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

Wescorp Energy Inc.
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Full Name of Registrant

N/A
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Former Name if Applicable

Suite 770, 435 - 4th Avenue South West, Calgary, Alberta T2P 3A8

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Address of Principal Executive Office (Street and Number)
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)

 
 
X
 
 
(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-KSB, Form 20-F, Form 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 5th calendar day after 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 Forms 10-K, 20-F, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Because of recent activities and complications encountered by the Company in coordinating the schedules of the various parties who contribute to the filing of the Company’s Annual Report on Form 10-KSB regarding the fiscal year ended December 31, 2007 (the “Form 10-KSB”), the Company was late in finalizing its documentation and, therefore, the Form 10-KSB could not be timely filed without unreasonable effort or expense.

PART IV - OTHER INFORMATION

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

Douglas Biles 403.206.3990
(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(s) been filed? If answer is no, identity report(s)

x Yes   o 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   o 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.

The Company expects to report a decrease in revenue of approximately $43,000 from $3,184,000 for the period ended December 31, 2006 to $3,141,000 for the period ended December 31, 2007. In addition, the Company expects to report a net loss of approximately $14,073,000 for the period ended December 31, 2007, compared to a net loss of approximately $4,372,000 for the period ended December 31, 2006. The increase of the net loss is primarily due to the Company’s purchase of the Navigator technology from Strategic Decision Sciences USA Inc. and its purchase of certain water technologies from FEP Services Inc. during fiscal year 2007.


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WESCORP ENERGY, 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 1, 2008 By:   /s/ Douglas Biles
 
Douglas Biles, Chief Executive Officer and Director