Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
May 15 2018 - 3:48PM
Edgar (US Regulatory)
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
COMMISSION FILE NUMBER: 000-53488
NOTIFICATION OF LATE FILING
Check One:
o
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Form 10-K
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o
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Form 20-F
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o
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Form 11-K
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x
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Form 10-Q
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o
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Form 10-D
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o
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Form N-SAR
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o
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Form N-CSR
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For
Period Ended: March 31, 2018
o
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Transition Report on Form 10-K
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o
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Transition Report on Form 20-F
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o
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Transition Report on Form 11-K
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o
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Transition Report on Form 10-Q
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o
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Transition Report on Form N-SAR
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For
the Transition Period Ended: N/A
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
PART I. REGISTRANT
INFORMATION.
The registrant is Pledge Petroleum Corp.
(the “Company”). The address of the Company’s principal executive office is 1701 Commerce, 2
nd
Floor,
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 Company seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check appropriate box.)
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 report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR 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 subject distribution report on Form 10-D, or portion thereof, will be filed on or before the
fifth calendar day following the prescribed due date; and
o
(c) The
accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III. NARRATIVE
The Company is unable
to file its Quarterly Report on Form 10-Q for its fiscal quarter ended March 31, 2018 by the prescribed date without unreasonable
effort or expense because the Company was unable to compile certain information required in order to permit the Company to file
a timely and accurate report on the Company’s financial condition. The Company believes that the Quarterly Report will be
completed within the five day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934.
PART IV. OTHER
INFORMATION
(1) Name
and telephone number of person to contact in regard to this notification:
John Zotos (832) 328-0169
(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 Company was required to file such report(s)
been filed? If the answer is no, identify report(s).
x
Yes
o
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 to be included in the subject report or portion thereof?
o
Yes
x
No
The Company is unable
to file, without unreasonable effort and expense, its Quarter Report on Form 10-Q for the three and six months ended March 31,
2018 because the Company is still compiling information to complete the quarterly review of the financial statements for that period
and the Company is unable to give an estimate at this time.
Pledge Petroleum Corp. has caused this
notification to be signed on its behalf by the undersigned thereunto duly authorized.
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PLEDGE PETROLEUM CORP.
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Dated: May 15, 2018
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By:
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/s/
John Zotos
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John Zotos
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Interim Chief Executive Officer
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