SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

                                                       SEC File Number 000-09482
                                                          CUSIP Number 628652109

                           NOTIFICATION OF LATE FILING

                                  (Check one):

[X] Form 10-KSB  [ ] Form 11-K  [ ] Form 20-F   [ ] Form 10-QSB  [ ] Form N-SAR

                       For Period Ended: September 30, 2001


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: N/A

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PART I - Registrant Information
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Full Name of Registrant:  COLORADO WYOMING RESERVE COMPANY
                          Former Name if Applicable: Mystique Developments, Inc.


Address of Principal Executive Office (Street and Number):

        751 Horizon Court, Suite 205


City, State and Zip Code:

        Grand Junction, CO  81506





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PART II - Rules 12b-25(b) and (c)
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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)

[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 or semiannual report/portion thereof will
           be filed on or before the fifteenth calendar day following the
           prescribed due date; or the subject quarterly report/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.

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PART III - Narrative
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State in reasonable detail the reasons why the Form 10-KSB, 11-K, 20-F, 10-QSB
or N-SAR or portion thereof could not be filed within the prescribed time
period.

Company could not timely complete financial statements.


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PART IV - Other Information
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     (1)  Name and telephone number of person to contact in regard to this
          notification.

          (Name)                 (Area Code)           (Telephone No.)
          J. Samuel Butler          (303)                  296-1908



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     (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 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 cannot be made.*

            COLORADO WYOMING RESERVE 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: November 15, 2001             By:   /s/ J. SAMUEL BUTLER
                                                 ------------------------------
                                              Name: J. Samuel Butler
                                              Title: Director


          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.


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