Notification That Annual Report Will Be Submitted Late (nt 10-k)
April 01 2019 - 8:02AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
(Check
One):
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☒ Form
10-K
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☐ Form
20-F
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☐ Form
11-K
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☐ Form
10-Q
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☐ Form
10-D
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☐ Form
N-SAR
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☐ Form
N-CSR
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For Period Ended: December
31, 2018
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☐ Transition
Report on Form 10-K
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☐ Transition
Report on Form 20-F
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☐ Transition
Report on Form 11-K
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☐ Transition
Report on Form 10-Q
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☐ Transition
Report on Form N-SAR
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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:
PART
I -- REGISTRANT INFORMATION
Petrolia
Energy Corporation
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Full Name of Registrant
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Former Name if Applicable
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710
N. Post Oak Rd., Ste. 512
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Address of Principal
Executive Office (Street and Number)
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Houston,
Texas 77024
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City, State and Zip Code
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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.)
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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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☒
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(b)
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The subject annual
report, semi-annual report, transition report on Form 10-K, 20-F, 11-K, 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 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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PART
III -- NARRATIVE
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report portion thereof,
could not be filed within the prescribed time period.
The
Registrant is still working to prepare and finalize its Quarterly Report on Form 10-Q for the period ended September
30, 2018 and as such, has not been able to timely complete its financial statements for the year ended December 31, 2018, for
audit by its independent auditors, and/or to complete its Annual Report on Form 10-K for the year ended December 31, 2018, within
the prescribed time period. The Quarterly Report on Form 10-Q for the period ended September 30, 2018 could not be timely filed
due to certain accounting adjustments associated with certain material acquisition and disposition transactions, as previously
reported, which occurred during the quarter.
The
Registrant does not anticipate being able to file the Annual Report on Form 10-K on or before the fifteenth calendar day following
the prescribed due date; however, the Registrant is working to finalize and file its Quarterly Report on Form 10-Q for
the period ended September 30, 2018, as soon as possible, and will turn its attention to the Annual Report on Form 10-K as
soon as such Quarterly Report is filed.
PART
IV -- OTHER INFORMATION
(1)
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Name and telephone number
of person to contact in regard to this notification
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Zel
C. Khan
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832
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941-0011
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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 the answer is no, identify report(s).
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Yes ☐ No ☒
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As
discussed above in Part III, the Registrant has not filed its Quarterly Report on Form 10-Q for the quarter ended September
30, 2018.
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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?
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Yes ☐ 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.
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Petrolia
Energy Corporation
(Name
of Registrant as Specified in Charter)
Has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: April 1,
2019
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By:
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/s/
Zel C. Khan
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Zel C. Khan
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CEO
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