OMB
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OMB
Number: 3235-0058
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April 30, 2009
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SEC
FILE NUMBER
000-7246
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CUSIP
NUMBER
716578109
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(Check
one):
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[ ]
Form 10-K [ ]
Form 20-F [ ] Form 11-K [X]
Form 10-Q [ ]
Form 10-D [ ] Form N-SAR [ ]
Form N-CSR
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For
Period Ended: March 31,
2007
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[ ]
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Transition
Report on Form 10-K
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[ ]
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Transition
Report on Form 20-F
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[ ]
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Transition
Report on Form 11-K
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[ ]
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Transition
Report on Form 10-Q
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[ ]
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Transition
Report on Form N-SAR
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For
the Transition Period
Ended:
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Read
Instruction (on back page) Before Preparing Form. Please Print or
Type
Nothing
in this form shall be construed to imply that the Commission has
verified
any information contained
herein.
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(a)
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The
reason described in reasonable detail in Part III of this form could
not
be eliminated without unreasonable effort or expense
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(b)
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The
subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-SAR or
Form N-CSR, 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 subject
distribution report on Form 10-D, or portion thereof, will be
filed on or before the fifth calendar day following the prescribed
due
date; and
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(c)
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The
accountant’s statement or other exhibit required by Rule 12b-25(c)
has been attached if
applicable.
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(1)
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Name
and telephone number of person to contact in regard to this
notification
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Richard
W. McCullough
Chief
Financial Officer and Treasurer
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304
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808-6249
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
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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). Yes No
X
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As
indicated above, the Company has not filed its Annual Report on
Form 10-K
for the fiscal year ended December 31, 2006.
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(3)
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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
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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.
As
previously reported, during the quarter ended March 31, 2007, the
Company
completed several oil and gas property acquisitions. In January
2007, the Company acquired producing properties and undeveloped
drilling
locations and acreage in the Wattenberg Field area of the DJ Basin,
Colorado, undeveloped leaseholds in Erath County, Texas, and purchased
the
remaining working interests in 44 Company-sponsored partnerships
with
wells located primarily in the Appalachian Basin and
Michigan. In February 2007, the Company acquired 28 producing
wells and associated undeveloped acreage located in the Wattenberg
Field
in Colorado. These acquisitions are expected to significantly
impact the Company's reported results of operations for the quarterly
period ended March 31, 2007, as compared to its corresponding period
in
2006. Until the Company completes its financial statements for
the quarterly period ended March 31, 2007, the Company is unable
to
provide a reasonable estimate of its results of operations or any
significant changes thereto.
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Date: May
10, 2007
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By
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/s/
Richard W. McCullough
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Richard
W. McCullough,
Chief
Financial Officer
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ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations
(See 18 U.S.C. 1001).
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1.
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This
form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General
Rules and Regulations under the Securities Exchange Act of
1934.
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2.
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One
signed original and four conformed copies of this form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of
the General Rules and Regulations under the Act. The information
contained
in or filed with the form will be made a matter of public record
in the
Commission files.
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3.
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A
manually signed copy of the form and amendments thereto shall be
filed
with each national securities exchange on which any class of securities
of
the registrant is registered.
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4.
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Amendments
to the notifications must also be filed on Form 12b-25 but need not
restate information that has been correctly furnished. The form shall
be
clearly identified as an amended notification.
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5.
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Electronic
Filers: This form shall not be used by electronic filers unable to
timely file a report solely due to electronic difficulties. Filers
unable
to submit reports within the time period prescribed due to difficulties
in
electronic filing should comply with either Rule 201 or Rule 202
of Regulation S-T (§232.201 or §232.202 of this chapter) or apply for
an adjustment in filing date pursuant to Rule 13(b) of Regulation S-T
(§232.13(b) of this chapter).
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