UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q/A
(Amendment No. 1)

 

 

x

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

 

For the quarterly period ended March 31, 2005

 

 

o

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 

 

For the transition period from ________________ to _________________

 

 

Commission file number 1-4668

 

COASTAL CARIBBEAN OILS & MINERALS, LTD.
 

(Exact name of registrant as specified in its charter)

BERMUDA

 

NONE
 

 

  

(State or other jurisdiction of
incorporation or organization)

 

(I.R.S. Employer
Identification No.)

 

 

 

Clarendon House, Church Street, Hamilton, Bermuda

 

HM 11
 

(Address of principal executive offices)

 

(Zip Code)

 

 

 

(850) 653-9165
 

(Registrant’s telephone number, including area code)

 

 

 
 

(Former name, former address and former fiscal year, if changed since last report)

          Indicate by check mark whether the registrant (l) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of l934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   x  Yes   o  No

          Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).  o  Yes   x  No

          The number of shares outstanding of the issuer’s single class of common stock as of June 30, 2005 was 46,211,604.

1

COASTAL CARIBBEAN OILS & MINERALS, LTD.

FORM 10-Q/A

Explanatory Note:

          Coastal Caribbean Oils and Minerals, Ltd. (the “Company”) is hereby amending its previously filed Quarterly Report on Form 10-Q for the quarter ended March 31, 2005 (the “Original Report”).  This Amendment No. 1 is being filed solely to amend the language in Item 4. Controls and Procedures to conform to the requirements of Item 307 of Regulation S-K.  Conforming changes have also been made to Exhibits 31.1 and 31.2 included in the Original Report.  Exhibits 32.1 and 32.2 are being currently dated but are otherwise unchanged from those filed in the Original Report.  No other changes to the Original Report have been made.  This Amendment No. 1 does not reflect events occurring after the filing of the Original Report or modify or update disclosures therein in any way other than as described above.

ITEM 4     Controls and Procedures

          We, Phillip W. Ware, the principal executive officer and Kenneth M. Cornell, the principal financial officer, have evaluated the Company’s disclosure controls and procedures (as defined in Rules 13a-14(c) and 15d-14(c) adopted under the Securities Act of 1934) as of the end of the period covered by this report and have concluded:

     1.     That the Company’s disclosure controls and procedures are effective and adequately designed to ensure that material information relating to the Company, including its consolidated subsidiary, is timely made known to such officers by others within the Company and its subsidiary, particularly during the period in which this Quarterly report is being prepared; and

     2.     That there were no significant changes in the Company’s internal controls or in other factors that could materially affect or are reasonably likely to materially affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

COASTAL CARIBBEAN OILS & MINERALS, LTD.
FORM 10-Q/A
PART II - OTHER INFORMATION

March 31, 2005

ITEM 6-          Exhibits

 

 

 

 

31.1

Certification pursuant to Rule 13a-14 by Phillip W. Ware

 

 

 

 

31.2

Certification pursuant to Rule 13a-14 by Kenneth M. Cornell

 

 

 

 

32.1

Certification pursuant to Section 906 by Phillip W. Ware

 

 

 

 

32.2

Certification pursuant to Section 906 by Kenneth M. Cornell

3

COASTAL CARIBBEAN OILS & MINERALS, LTD.

FORM 10-Q/A

March 31, 2005

SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

 

 

 

COASTAL CARIBBEAN OILS & MINERALS, LTD.

 

  

 

Registrant

 

 

 

 

Date:  July 25, 2005

 

By:

/s/ Phillip W. Ware

 

 

 

  

 

 

 

 

Phillip W. Ware

 

 

 

Chief Executive Officer,

 

 

 

President and Treasurer

 

 

 

 

 

 

By:

/s/ Kenneth M. Cornell

 

 

 

  

 

 

 

 

Kenneth M. Cornell

 

 

 

Chief Financial Officer

 

 

 

and Principal Financial Officer

4