United States
Securities and Exchange Commission
Form 12b-25
SEC File No.: 001-15511
CUSIP No.: 693677106
NOTIFICATION OF LATE FILING
(Check One): [X] Form 10-K and Form 10-KSB; [ ] Form 20-F;
[ ] Form 11-K; [ ] Form 10-Q and Form 10-QSB; [ ] Form N-SAR
For Period Ended: August 31, 2003
_ Transition report on Form 10-K
_ Transition Report on Form 20-F
_ Transition Report on Form 11-K
_ Transition Report on Form 10-Q
_ Transition Report on Form N-SAR
For the Transition Period Ended: ___________________________
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
PYR Energy Corporation
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Full Name of Registrant
Mar Ventures Inc.
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Former Name if Applicable
1675 Broadway, Suite 2450
Denver, CO 80202
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Address of Principal Executive Office (Street and Number)
City, State and Zip Code
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)
(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, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or portion thereof, will be
[X] 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 5th calendar day after 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
State below in reasonable detail the reasons why Forms 10-K, 20-F, 10-Q, N-SAR,
or the transition report or portion thereof, could not be filed within the
prescribed time period.
Because the Registrant recently hired a new chief financial officer, the
Registrant requires additional time to close year-end books to submit for audit
review and, therefore, the Registrant's Annual Report on Form 10-K regarding the
fiscal year ended August 31, 2003 could not be timely filed without unreasonable
effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
D. Scott Singdahlsen (303) 825-3748
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(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 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(s) been filed? If answer is no,
identity 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 (except for a smaller amount of impairment expense).
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.
The Registrant's net loss for the fiscal year 2003 was approximately
$3,900,000, an approximate $9,200,000 decrease from the Registrant's net loss in
fiscal 2002, which was approximately $13,100,000. The primary reason for the
decrease in net loss was a decrease in impairment and abandonment of oil and gas
properties, which was approximately $11,700,000 in fiscal 2002, and
approximately $2,100,000 in fiscal 2003.
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PYR ENERGY CORPORATION
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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: November 26, 2003 By: /s/ D. Scott Singdahlsen
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D. Scott Singdahlsen
Chief Executive Officer