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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

(Check One):

[   ] Form 10-K

[   ] Form 20-F

[   ] Form 11-K

[   ] Form 10-Q

[   ] Form N-SAR

[X] Form 10-KSB

[X] Form 10-QSB

For Period Ended: March 31, 2000

SEC File Number 1-15541

[   ] Transition Report on Form 10-K

CUSIP Number 148562 10 2

[   ] 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:

PART I - REGISTRANT INFORMATION

CASTLEGUARD ENERGY, INC.

(Full Name of Registrant)

4625 Greenville Avenue, Suite 203, Dallas, TX
(Address of principal executive offices)

Dallas, Texas
(City and State)

75206
(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.)

[X]

(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 quarterly report on Form 10-QSB 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 the Form 10-QSB could not be filed within the prescribed time period.

The Registrant's Quarterly Report on Form 10-QSB requires the filling of reviewed financial

statements. Despite Registrant's diligent efforts said financial statements have been delayed.

(1)

Name and telephone number of person to contact in regard to this notification:

John Hawitt

214

361-1755

(Name)

(Area Code)

(Telephone Number)

(2)

Company Act of 1940 during the

preceding 12 months been filed?

[X] Yes

[   ] No

If answer is no, identify reports.

(3)

in the subject report or portion

preceding 12 months been filed?

[   ] Yes

[X] No

estimate of the results cannot be made.

CASTLEGUARD ENERGY, INC.

(Name of Registrant as specified in Charter)

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

CASTLEGUARD ENERGY, INC.

By: /s/ Bob G.Honea                                         

Bob G. Honea

President