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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25 SEC FILE NUMBER
0-10990
NOTIFICATION OF LATE FILING CUSIP NUMBER
(CHECK ONE)
/ X / Form 10-K / / Form 11-K / / Form 20-F / / Form 10-Q
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For Period Ended September 30, 1995
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.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:________________________
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Part I - Registrant Information
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Full Name of Registrant Castle Energy Corporation
Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
One Radnor Corporate Center
100 Matsonford Road, Suite 250
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City, State and Zip Code
Radnor, PA 19087
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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 III
of this form could not be eliminated without
unreasonable effort or expense;
|X| (b) The subject annual report/portion thereof will be
filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly
report/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 the Form
10-K, 11-K, 20-F or 10-Q, or portion thereof, could not be
filed within the prescribed time period.
During the fourth quarter of fiscal 1995, management continued
its efforts to dispose of the Company's refining assets. On
September 29, 1995, Powerine Oil Company sold substantially
all of its assets to Kenyen Projects Ltd. On December 12,
1995, the Registrant completed the sale of the assets of the
Indian Refinery. As a result of these transactions, additional
data and estimates are required related to accrued closing
costs. Completion of these estimates has been hampered by
management's involvement in the transactions and senior
management turnover related to the refining operations. As a
result, the Company will be unable to file its Form 10-K by
December 29, 1995.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Richard E. Staedtler 610 995-9400
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(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) during the preceding 12 months (or for |X| Yes | | No
such shorter period that the registrant was required
to file such reports) been filed? If answer is no,
identify report(s).
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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 |X| Yes | | No
earnings statements to be included in the subject
report or portion thereof?
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 can not be made.
As a result of the Company's decision to exit the refining business, the
refining segment will be reported as discontinued operations. Net income
for the fiscal year ended September 30, 1995 will be reduced to
approximately $10 million (unaudited) from $38.9 million for the fiscal
year ended September 30, 1994. This decrease is primarily attributable
to costs associated with the refining segment.
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Castle Energy Corporation
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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 December 28, 1995 BY /s/ Richard E. Staedtler
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Chief Financial Officer
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).
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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.
