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      Washington, D.C. 20549                      ------------------------------
                                                         SEC FILE NUMBER
            FORM 12b-25                                     001-04668
    NOTIFICATION OF LATE FILING                   ------------------------------
                                                           CUSIP NUMBER
                                                                NA
                                                  ------------------------------

(Check one): |X| Form 10-K    |_| Form 20-F    |_| Form 11-K    |_| Form 10-Q
             |_| Form N-SAR |_| Form N-CSR


             For Period
             Ended:     December 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:  __________________________________________________



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  Read Instruction (on back page) Before Preparing Form. Please Print or Type.
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

Coastal Caribbean Oils & Minerals, Ltd.
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Full Name of Registrant


 N/A
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Former Name if Applicable


Clarendon House, Church Street
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Address of Principal Executive Office (Street and Number)


Hamilton, Bermuda  HM11
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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 reason  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, Form N-SAR or Form N-CSR, or
      |        portion  thereof,  will  be  filed  on or  before  the  fifteenth
|X|   |        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
      |   (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, 11-K, 10-Q,
N-SAR,  N-CSR, or the transition  report or portion thereof,  could not be filed
within the prescribed time period.

     The company's  records were not in such order as to allow the completion of
the  company's  Form 10-K for the year ended  December 31, 2003 by the March 30,
2004 deadline.  However,  work is progressing and the document will be completed
and filed on or before the fifteenth  calendar day following the due date, or by
April 14, 2004.

(Attach extra Sheets if Needed)

SEC 1344 (07-       Persons who are to respond to the  collection of information
03)                 contained  in this form are not  required to respond  unless
                    the form displays a currently valid OMB control number.

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PART IV-- OTHER INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification

          Phillip W. Ware              (850)                      653-9165
     ---------------------------- ----------------------------------------------
              (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 report(s) been filed? If 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?
                                                                   |_|Yes |X| No

     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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                     Coastal Caribbean Oils & Minerals, Ltd.
--------------------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.

Date                March 24, 2004                    By   /s/ Phillip W. Ware
       ----------------------------------------       --------------------------
                                                      Name:  Phillip W. Ware
                                                      Title:   President

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly  authorized  representative.  The name and title of the person
signing  the form  shall  be typed or  printed  beneath  the  signature.  If the
statement is signed on behalf of the registrant by an authorized  representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.

                                   ATTENTION
________________________________________________________________________________
Intentional  misstatements  or omissions  of fact  constitute  Federal  Criminal
                        Violations (See 18 U.S.C. 1001).
________________________________________________________________________________

                              GENERAL INSTRUCTIONS

1.   This form is  required by Rule  12b-25 (17 CFR  240.12b-25)  of the General
     Rules and Regulations under the Securities Exchange Act of 1934.





2.   One signed  original and four conformed  copies of this form and amendments
     thereto  must be  completed  and filed  with the  Securities  and  Exchange
     Commission,  Washington,  D.C.  20549,  in accordance  with Rule 0-3 of the
     General Rules and Regulations  under the Act. The information  contained in
     or filed  with  the form  will be made a matter  of  public  record  in the
     Commission files.

3.   A manually  signed copy of the form and  amendments  thereto shall be filed
     with each national  securities exchange on which any class of securities of
     the registrant is registered.

4.   Amendments to the notifications  must also be filed on Form 12b-25 but need
     not restate information that has been correctly  furnished.  The form shall
     be clearly identified as an amended notification.

5.   Electronic Filers:  This form shall not be used by electronic filers unable
     to timely  file a report  solely  due to  electronic  difficulties.  Filers
     unable  to  submit  reports  within  the  time  period  prescribed  due  to
     difficulties  in  electronic  filing  should comply with either Rule 201 or
     Rule 202 of Regulation  S-T  (ss.232.201  or ss.232.202 of this chapter) or
     apply for an adjustment in filing date pursuant to Rule 13(b) of Regulation
     S-T (ss.232.13(b) of this chapter).

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