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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Commission File Number: 1-8038
[X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ] Form N-SAR
For Period Ended: JUNE 30, 1997
[ ] 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: ______________________________________
_______________________________________________________________________________
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:
ITEMS 10, 11, 12 AND 13
_______________________________________________________________________________
_______________________________________________________________________________
_______________________________________________________________________________
PART I
REGISTRANT INFORMATION
Full Name of Registrant: KEY ENERGY GROUP INC.
Former Name if Applicable:
TWO TOWER CENTER
_______________________________________________________________________________
Address of Principal Executive Office (Street and Number)
EAST BRUNSWICK, NEW JERSEY 08816
_______________________________________________________________________________
City, State and Zip Code
_______________________________________________________________________________
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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 annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K or Form N-SAR or 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
State below in reasonable detail the reasons why Form 10-K and Form 10=KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period.
ALL OF THE REQUIRED INFORMATION NECESSARY TO COMPLETE ITEMS 10, 11, 12 AND
13 BY JUNE 30, 1997 WAS NOT AVAILABLE, AND THEREFORE THE INFORMATION REQUIRED BY
ITEMS 10, 11, 12 AND 13 WILL BE FILED WITHIN THE FIFTEEN DAY EXTENSION PERIOD.
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PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
JACK D. LOFTIS, JR.
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(Name)
(908) 247-4822
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(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 the 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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KEY ENERGY GROUP, INC.
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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: October 29, 1997 By: /s/ FRANCIS D. JOHN
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Francis D. John, President
