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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number 0-22576
(Check one)
[ ] Form 10-K and Form 10-KSB [ ] Form 11-K
[ ] Form 20-F [X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For period ending June 30, 2001
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[ ] 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
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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:
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PART I
REGISTRANT INFORMATION
Full name of registrant Coho Energy, Inc.
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Former name if applicable
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Address of principal executive office (Street and number) 14785 Preston
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Road, Suite 860
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City, state and zip code Dallas, Texas 75254
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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 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;
(b) The subject annual report, semiannual report, transition report
on Form 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
[X] 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
We were missing information necessary to complete our Form 10-Q for the
quarter ended June 30, 2001 within the prescribed time period. This missing
information should be available to complete our filing with the next five days.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Gary L. Pittman 972-774-8300
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(Name) (Area Code) (Telephone Number)
(2) Have all other period reports required under Section 13 or 15(d)
or 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
For the three months ended June 30, 2001, we anticipate reporting a net
loss of $2.5 million as compared with a net loss of $2.3 million for the same
three-month period in 2000. The net loss for the three-month period in 2001
includes operating income of $6.0 million less net interest expense of $9.4
million plus a decrease in reorganization costs of $950,000. The net loss for
the three-month period in 2000 includes operating income of $11.4 million less
net interest expense of $13.1 million and reorganization costs of $682,000. The
decrease in operating income between periods is primarily attributable to:
o a $3.3 million decrease in operating revenues due to a decrease in the
price received for our crude oil production and crude oil hedging
losses and
o a $1.3 million loss on derivatives recognized in the second quarter of
2001 related to the ineffectiveness of our crude oil and natural gas
hedging arrangements.
The major component of the decrease in the interest expense between periods is
the decrease in the loss on the standby loan embedded derivative from
approximately $4.0 million in the second quarter of 2000 to $640,000 in the
second quarter of 2001.
Coho Energy, Inc.
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(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date 8/15/01 By /s/ Gary L. Pittman
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Gary L. Pittman