-----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, Br5Olbtacwn/pJnb9u6qaU7NchtmgPFtONjlRfHk5uo3I+jRigLBLzmMcEaqv+d+ VBrb02+JPKrS7MPXzK6+IQ== 0001005477-98-000997.txt : 19980401 0001005477-98-000997.hdr.sgml : 19980401 ACCESSION NUMBER: 0001005477-98-000997 CONFORMED SUBMISSION TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19971231 FILED AS OF DATE: 19980331 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN INTERNATIONAL PETROLEUM CORP /NV/ CENTRAL INDEX KEY: 0000799119 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 133130236 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NT 10-K SEC ACT: SEC FILE NUMBER: 000-14905 FILM NUMBER: 98580612 BUSINESS ADDRESS: STREET 1: 444 MADISON AVE STE 3203 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2129563333 MAIL ADDRESS: STREET 1: 444 MADISON AVE STE 3203 CITY: NEW YORK STATE: NY ZIP: 10022 NT 10-K 1 FORM 12B-25 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 Commission File Number 0-14905 NOTIFICATION OF LATE FILING (Check One): |X| Form 10-K |_| Form 11-K |_| Form 20-F |_| Form 10-Q |_| Form N-SAR For Period Ended: December 31, 1997 [ ] 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: ____________________ 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 AMERICAN INTERNATIONAL PETROLEUM CORPORATION - -------------------------------------------------------------------------------- Full Name of Registrant - -------------------------------------------------------------------------------- Former Name if Applicable 444 Madison Avenue, Suite 3203 - -------------------------------------------------------------------------------- Address of Principal Executive Office (Street and Number) New York, NY 10022 - -------------------------------------------------------------------------------- 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 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, 20-F, 11-K or 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, 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 Form 10-K, 11-K, 20-F, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period. Developments subsequent to the end of the Registrant's fiscal year ended December 31, 1997, have caused the Registrant to incur delays in the completion of its financial statements for such fiscal year and other disclosures required by Form 10-K. Consequently, the Registrant's Independent Auditors are unable to furnish their required opinion on or before March 31, 1998. PART IV OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification Denis J. Fitzpatrick 212 688-3333 --------------------------------------------------------------------------- (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 answer is no, identify report(s). |X| Yes |_| No (3) Is it anticipated that any significant change in results of operation for 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. During the last fiscal year, the Company incurred significant increases in non-cash costs associated with the issuance of debt and unrealized losses on marketable securities which, when coupled with a corresponding decline in revenues during the last fiscal year, is expected to result in a significant increase in the Company's net loss for the year-ended December 31, 1997, as compared to the corresponding period in 1996. AMERICAN INTERNATIONAL PETROLEUM CORPORATION - -------------------------------------------------------------------------------- (Name of Registrant as Specified in Charter) has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized. Date March 30, 1997 By /s/ Denis J. Fitzpatrick -------------- ------------------------ Name: Denis J. Fitzpatrick Title: Chief Financial Officer Instruction: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. 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) EX-99.1 2 ACCOUNTANT'S STATEMENT Hein & Associates, LLP 5075 Westheimer Suite 970 Houston, Texas 77056 March 30, 1997 Mr. Denis Fitzpatrick American International Petroleum Corporation 55 Waugh Drive, Suite 606 Houston, Texas 77007 Dear Mr. Fitzpatrick: You have furnished us with a copy of your "Notification of Late Filing" on Form 12b-25, dated March 30, 1997. We are in agreement with the comments under Part III of the Form 12b-25 with respect to the reasons why we are unable to furnish our report on the consolidated financial statements of American International Petroleum Corporation and its subsidiaries on or before the date the Form 10-K of American International Petroleum Corporation of the year ended December 31, 1997 is required to be filed. Your very truly, /s/ Hein & Associates, LLP -------------------------- Hein & Associates, LLP -----END PRIVACY-ENHANCED MESSAGE-----