-----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, Cx6uDvXkhWmNKdO7pexVicMJR+4OvzGVbAkasDtyuF5lBX8+b/d7UaVcTjamcsZh XtrD9fWjz+j2gr0RxWqXSw== 0000919297-96-000008.txt : 19960402 0000919297-96-000008.hdr.sgml : 19960402 ACCESSION NUMBER: 0000919297-96-000008 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960401 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAN JUAN BASIN ROYALTY TRUST CENTRAL INDEX KEY: 0000319655 STANDARD INDUSTRIAL CLASSIFICATION: OIL ROYALTY TRADERS [6792] IRS NUMBER: 756279898 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08032 FILM NUMBER: 96543014 BUSINESS ADDRESS: STREET 1: BANK ONE TEXAS N A TRUST CITY: FT WORTH STATE: TX ZIP: 76113 BUSINESS PHONE: 8178844630 MAIL ADDRESS: STREET 1: 1600 BANK ONE TOWER STREET 2: 500 THROCKMORTON CITY: FORT WORTH STATE: TX ZIP: 76102-3899 NT 10-K 1 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING Commission File Number 1-8032 (Check One): [x] Form 10-K and Form 10-KSB [ ] Form 11-F [ ] Form 20-F [ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR For Period Ended: December 31, 1995 [ ] 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: N/A 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: The notification relates to the entire Form 10-K. - --------------------------------------------------------------------------- PART I REGISTRANT INFORMATION Full Name of Registrant: SAN JUAN BASIN ROYALTY TRUST 1 Former Name if Applicable: N/A Address of Principal Executive Office (Street and Number) Bank One, Texas, NA Trust Department 500 Throckmorton Street City, State and Zip Code: Fort Worth, Texas 76102 - --------------------------------------------------------------------- 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 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 Form 10-K, 10-QSB, 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 the Form 10-K, 10-KSB, 20-F, 11-K, 10-Q, 10-QSB, or N-SAR, or the transition report or portion thereof could not be filed within the prescribed period. (Attach extra sheets if needed) The delay in filing the Form 10-K was caused by incomplete estimates of Proved Reserves for the San Juan Royalty Trust ("Trust") as of December 31, 1995. These 2 estimates have not been completed because of the unavailability of certain data, such as the current ownership interests, critical to the estimation of the reserves and future net income to the Trust's interests. These data have not been available from the conveyor of the royalty interests nor has the information been available from public sources. Accordingly, such estimates of Proved Reserves cannot be provided without unreasonable effort or expense in order for such information to be utilized in the Form 10-K and Annual Report. - ---------------------------------------------------------------------- PART IV OTHER INFORMATION - --------------------------------------------------------------------- (1) Name and telephone number of person to contact in regard to this notification Robert C. Donohoo (817) 336-9333 ----------------------------------------------------------- (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? [ ] Yes [x] 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 can not be made. 3 SAN JUAN BASIN ROYALTY TRUST - --------------------------------------------------------------------- (Name of Registrant as specified in charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. BANK ONE, TEXAS, NA Trustee of the San Juan Basin Royalty Trust Date: March 29, 1996 By: /s/Lee Ann Anderson -------------------------- Lee Ann Anderson Vice President and Trust Officer (The Trust has no directors or executive officers) - --------------------------------------------------------------------- ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). 4 INDEX TO EXHIBITS Sequentially Exhibit Numbered Number Exhibit Page - -------- ------------------------------------------------- ----------- 1 Letter to San Juan Basin Royalty Trust from Cawley, Gillespie & Associates, Inc. regarding late filing of 1995 Annual Report Form 10-K and Annual Report. 2 Letter to San Juan Basin Royalty Trust from Deloitte & Touche regarding late filing of 1995 Annual Report Form 10-K and Annual Report. 5 EX-1 2 March 28, 1996 San Juan Basin Royalty Trust 500 Throckmorton Street, Suite 704 P. O. Box 2604 Fort Worth, Texas 76113 Attention: Lee Ann Anderson, Assistant Vice President and Trust Officer Re: Late Filing of 1995 Annual Report Form 10-K Gentlemen: Please be advised that the firm of Cawley, Gillespie & Associates, Inc. has been unable to complete its estimates of Proved Reserves for the San Juan Basin Royalty Trust (the "Trust") as of December 31, 1995 for use in connection with the Trust's Security and Exchange Commission Form 10-K for the year ending December 31, 1995 and its Annual Report for the year ended December 31, 1995. These estimates have not been completed because of the unavailability of certain data, such as the current ownership interests, critical to the estimation of the reserves and future net income to the Trust's interests. These data have not been available from the conveyor of the overriding royalty interest nor is the information available from public sources. Accordingly, such estimates of Proved Reserves for the Trust's interests cannot be provided without such information. Cawley, Gillespie & Associates, Inc. acknowledges its understanding that this letter is to be utilized as an exhibit to the Form 12b-25 Notification of Late Filing to be filed with the Securities and Exchange Commission and with the New York Stock Exchange in accordance with Rule 12b-25 of the Securities Exchange Act of 1934. Cawley, Gillespie & Associates, Inc. consents to the use of this letter as an exhibit to such Form 12b-25. Yours very truly, CAWLEY, GILLESPIE & ASSOCIATES, INC. /s/ Aaron Cawley, P.E. ------------------------------------- Aaron Cawley, P.E. Senior Vice-President EX-2 3 EXHIBIT 2 March 29, 1996 Bank One, Texas, NA, Trust Department San Juan Basin Royalty Trust P. O. Box 2604 Fort Worth, Texas 76113 Attention: Lee Ann Anderson, Vice President and Trust Officer Re: Late Filing of 1995 Annual Report and Form 10-K Gentlemen: Please be advised Deloitte & Touche LLP, Independent Auditors for the San Juan Basin Royalty Trust (the "Trust"), has been unable to complete its audit for use in connection with the Trust's Securities and Exchange Commission Form 10-K for the year ended December 31, 1995 and for its Annual Report for the year ended December 31, 1995. Such audit is incomplete due to the fact that the estimates of Proved Reserves of the Trust as of December 31, 1995 have not been received from the firm of Cawley, Gillespie & Associates, Inc., the oil and gas consultants retained by the Trust to prepare such estimates. Accordingly, Deloitte & Touche LLP cannot provide the Independent Auditors' Report or complete its other audit work in connection with the preparation and filing of the Trust's Form 10-K and Annual Report for the year ended December 31, 1995. Substantially all field work for the audit has been completed; therefore, the completion of the estimates of Proved Reserves of the Trust as of December 31, 1995 will thereafter enable us to render our report. Deloitte & Touche LLP acknowledges its understanding that this letter is to be utilized as an exhibit to the Form 12b-25 Notification of Late Filing to be filed with the Securities and Exchange Commission and with the New York Stock Exchange in accordance with Rule 12b-25 of the Securities Exchange Act of 1934. Deloitte & Touche LLP consents to the use of this letter as an exhibit to such Form 12b-25. Very truly yours, /s/ Deloitte & Touche LLP DELOITTE & TOUCHE LLP -----END PRIVACY-ENHANCED MESSAGE-----