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U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
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FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
[ X ] Form 10-K [ ] Form 20-F [ ] Form 11-K
[ ] Form 10-Q [ ] Form N-SAR [ ] Form 10-KSB
[ ] Form 10-QSB
For Period Ended: December 31, 1999 SEC File Number: 1-1525
[ ] Transition Report on Form 10-K CUSIP Number: 376537106
[ ] 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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PART I - REGISTRANT INFORMATION
GLADSTONE ENERGY, INC.
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(Full Name of Registrant)
3800 Oak Lawn Avenue, Suite 590
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(Address of Principal Executive Office)
Dallas, Texas 75219
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(City and State) (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.)
(a) The reasons described in reasonable detail in Part III
of this form could not be eliminated without
unreasonable effort or expense;
[ X ] (b) The subject quarterly report on Form 10-K will be filed
on or before the fifteenth 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 the Form 10-K
could not be filed within the prescribed time period.
SEE ATTACHMENT III
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PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification:
Kathie Murphy 214 528.9710
(Name) (Area Code) (Telephone Number)
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(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 been filed? [ X ] Yes [ ] No
If answer is no, identify reports.
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(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? [ X ] Yes [ ] 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.
SEE ATTACHMENT IV(3)
<PAGE>
GLADSTONE ENERGY, 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: March 31, 2000
By: /s/ SHEILA IRONS
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Name: Sheila Irons
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Title: Vice President
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ATTENTION
Intentional misstatements or omissions constitute Federal
Criminal Violations (see 18 U.S.C. 1001).
<PAGE>
ATTACHMENT III
TO
NOTIFICATION OF LATE FILING
OF FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 1999
Registrant requires additional time to file its Annual Report
on Form 10-K for the fiscal year ended December 31, 1999 so that
it can file a complete and accurate document.
<PAGE>
ATTACHMENT IV(3)
TO
NOTIFICATION OF LATE FILING
OF FORM 10-K
FOR FISCAL YEAR ENDED DECEMBER 31, 1999
For the year ended December 31, 1999, the Registrant recorded
a net loss of approximately $204,000, compared to a net loss of
approximately $486,000 for the year ended December 31, 1998.
