SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 12b-25

                           Notification of Late Filing

                                               Commission file Number 0-24682
(Check one)

|X| Form 10-K and Form 10-KSB | | Form 11-K 
| | Form 20-F   | | Form 10-Q and Form 10-QSB   | | Form N-SAR

      For the period ended June 30, 1997

| | 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 ____________

Nothing  in this  form  shall be  construed  to imply  that the  Commission  has
verified any information contained herein.

      If the  notification  related to a portion of the  filing  checked  above,
identify the item(s) to which notification relates: ____________________________


                                    PART I
                             REGISTRANT INFORMATION

Full name of registrant:     Worldwide Petromoly, Inc.

Former name if applicable:   Ogden, McDonald & Company

Address of principal
executive office:            1300 Post Oak Boulevard,  Suite 1985

City, State and Zip Code:    Houston, Texas 77056






                                     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 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
of Forms 10-K,  10-KSB,  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 Forms 10-K, 10-KSB, 11-K,
20-F, 10-Q, 10-QSB,  N-SAR or the transition report portion thereof could not be
filed within the prescribed time period. (Attach extra sheets if needed.)


      The  Registrant's  annual  report on Form 10-KSB could not be filed within
the  prescribed  time period  because the  financial  statements  required to be
prepared by the  Registrant's  independent  auditor were not  completed and made
available  to the  Registrant  in time for the  annual  report  to be filed in a
timely manner.












                                   PART IV

                              OTHER INFORMATION

      (1) Name and  telephone  number  of person  to  contact  in regard to this
notification:

         Lance Rosmarin                (713)        892-5823
         --------------             ------------------------------  
            (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  Section 30  of the Investment  Company ACT
of 1940  during the  preceding  12 months or fir 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 cannot be made.

Exhibits
- --------
1.1   Letter from Independent Accountant


                            Worldwide Petromoly, Inc.
                  -------------------------------------------- 
                  (Name of Registrant as Specified in Charter)

      Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.



Date  09/27/97                       By \s\ Lance Rosmarin
     ---------------------           --------------------------------- 
                                            Lance Rosmarin
                                            Chief Financial Officer