-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BkkRL4SXDkChWKkdoX7k3+HW8kSrf/5TQGX/foUloXFhGOl8xpfG5Tr/5eIQTXBK 8rf6edQCErQnHKXiC5LWdw== /in/edgar/work/20000815/0000821699-00-000007/0000821699-00-000007.txt : 20000922 0000821699-00-000007.hdr.sgml : 20000921 ACCESSION NUMBER: 0000821699-00-000007 CONFORMED SUBMISSION TYPE: NT 10-Q PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000630 FILED AS OF DATE: 20000815 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST ROYALTIES INC CENTRAL INDEX KEY: 0000821699 STANDARD INDUSTRIAL CLASSIFICATION: [1311 ] IRS NUMBER: 751917432 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-Q SEC ACT: SEC FILE NUMBER: 000-23701 FILM NUMBER: 703191 BUSINESS ADDRESS: STREET 1: 407 N BIG SPRING STREET SUITE 300 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 9156869927 MAIL ADDRESS: STREET 1: 407 N BIG SPRING STREET SUITE 300 CITY: MIDLAND STATE: TX ZIP: 79701 NT 10-Q 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING Commission File Number: 000-23701 ---------- (Check one) Form 10-K and Form 10-KSB Form 20-F Form 11-K - --- --- --- X Form 10-Q and Form 10-QSB Form N-SAR - --- --- For Period Ended June 30, 2000 ------------- __ 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 the notification relates: - ------------------------------------------------------------ - ----------- PART I -- REGISTRANT INFORMATION Full Name of Registrant: SOUTHWEST ROYALTIES, INC. ---------------------------------- SOUTHWEST ROYALTIES HOLDINGS, INC. ---------------------------------- Former Name if applicable: --------------------------------- Address of Principal Executive Office (Street and Number): 407 North Big Spring, Suite 300 - -------------------------------- City, State and Zip Code: Midland, Texas 79701 - ---------------------- 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, 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; [x] (b) The subject annual report, semi-annual report, transition report on Forms 10-K, 10-KSB, 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 Forms 10-Q, 10-QSB, 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 Forms 10-K, 10-KSB, 20-F, 11-K, 10-Q, 10-QSB, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed) The Company has not been able to develop the requisite financial data and other narrative information necessary to enable it to have sufficient time to complete the Company's Quarterly Report of Form 10-Q by August 15, 2000, the required filing date, without unreasonable effort and expense. PART IV -- OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Bryan Dixon (915) 686-9927 -------------- ---------------------- - ---------- (Name) (Area code and 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 --- --- (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. The company for the three months and six months ended June 30, 2000 expects to report net income (loss) of approximately $(1.1) million and $10.7 million, respectively. This is in comparison to the same periods in 1999, in which we experienced net losses of approximately $7.7 million and $15.1 million, respectively. The increase in net income is due predominately to the increase in oil and gas prices and extraordinary income of 14.0 million in relation to early extinguish of debt in the first quarter of 2000. SIGNATURES SOUTHWEST ROYALTIES, INC. ------------------------------------------- (Name of Registrant as Specified in Charter) SOUTHWEST ROYALTIES HOLDINGS, INC. ------------------------------------------- (Name of Registrant as Specified in Charter) have caused this notification to be signed on their behalf by the undersigned hereto duly authorized Dated: August 15, 2000 SOUTHWEST ROYALTIES, INC. By: /s/ H.H. Wommack, III ----------------------------- ----- H.H. Wommack, III Chairman, President, and Chief Executive Officer SOUTHWEST ROYALTIES HOLDINGS, INC. By: /s/ H.H. Wommack, III ----------------------------- ----- H.H. Wommack, III Chairman, President, and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----