Form 12b-25
[As last amended in Release No. 34-35113,
December 19, 1994, 59 F.R.67742.]
U.S. 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 [X]Form 10-Q [ ]Form N-SAR
For Period Ended: NOVEMBER 30, 1996
[ ] 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:
______________________________________________________________________
Read Attached Instruction Sheet 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.
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If the notification relates to a portion of the filing checked
above, identify the Items(s) to which the notification relates.
______________________________________________________________________
Part I - Registrant Information
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CRESTED CORP.
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Full name of Registrant
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Former Name if Applicable
877 NORTH 8TH WEST
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Address of Principal Executive Office (Street and Number)
RIVERTON, WY 82501
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City, State and Zip Code
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______________________________________________________________________
Part II - Rules 12b-25(b) and (c)
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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 II
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, 11-K or Form N-SAR, or
[X] 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 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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K, 20-F,
11-K, 10-Q, N-SAR or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Registrant's only assistant controller resigned in October
1995 to move to Montana with his spouse and return to the
university. His replacement was hired in November 1995 and has
been in the process of learning the accounting and consolidation
systems of the Registrant. However, because of lack of experience
with the Registrant's systems and as well as computer software
problems during the process of closing the fiscal quarter, the
Registrant has been unable to compile the its financial statements
in a timely manner.
The Registrant's Chief Financial Officer has also had to
devote most of his time recently to an audit of the Registrant's
books and records by the Internal Revenue Service.
The Registrant will file the Form 10-Q Report on or before
January 19, 1996.
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______________________________________________________________________
Part IV - Other Information
______________________________________________________________________
(1) Name and telephone number of person to contact in regard
to this notification.
DANIEL P. SVILAR (307) 856-9271
(2) Have all other period 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 the answer is no, identify
reports(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.
CRESTED CORP.
_______________________________________________________
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: January 12, 1996 By: s/ Daniel P. Svilar
___________________ ____________________________________
Daniel P. Svilar,
Secretary
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