NT 10-Q 1 0001.txt U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING COMMISSION FILE NUMBER 0-15905 (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 [ ] 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: _________________________________________ Read Attached Instruction Sheet 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. If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates: PART 1. REGISTRANT INFORMATION -------------------------------------------------------------------------------- Full Name of Registrant: BLUE DOLPHIN ENERGY COMPANY Former Name if Applicable: NOT APPLICABLE Address of Principal Executive Office (Street and Number): 801 TRAVIS, SUITE 2100 City, State and Zip Code HOUSTON, TEXAS 77002 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) (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, 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 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 why Form 10-K, and Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report portion thereof could not be filed within the prescribed period. Th Registrant is currently responding to comments on its periodic reports from the Division of Corporation Finance at the Securities and Exchange Commission. Certain of these comments will effect the disclosure in the Registrant's Form 10-Q for the quarter ended June 30, 2000 (the "Form 10-Q"). The Registrant is in the process of assembling the requisite information (i) to respond to the staff's comments, and (ii) necessary to prepare and timely file the Form 10-Q. Furthermore, the Registrant's implementation of the requirements associated with the new audit committee rules has also contributed to its inability to prepare, and timely file, the Form 10-Q. For the foregoing reasons the Registrant could not timely file the Form 10-Q without unreasonable effort and expense. PART IV. OTHER INFORMATION (1) Name and telephone number of person to contact in regard to this notification. G. BRIAN LLOYD (713) 227-7660 [NAME] [AREA CODE] [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? [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. BLUE DOLPHIN ENERY COMPANY (Name of Registrant as Specified in Charter) Has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 14, 2000 By: /s/ G. BRIAN LLOYD The Company reported net income for the six months ended June 30, 2000, of $203,534, compared to net income of $517,887 reported for the six months ended June 30, 1999. The decrease is primarily due to the gain on sale of a one-sixth interest in the Blue Dolphin Pipeline system of $2,068,986 that took place during the first quarter of 1999. For the quarter ended June 30, 2000 the Company reported net income of $149,698 compared to a net loss of $406,946 for the quarter ended June 30, 1999. The increase is due to higher pipeline transportation revenues and oil and gas sales in the current quarter.