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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 12B-25 SEC FILE NUMBER
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CUSIP NUMBER
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OMB Approval
Omb 3235-0058
Expires 31 Oct 1988
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NOTIFICATION OF LATE FILING
(CHECK ONE):
/ / Form 10-K / / Form 11-K / / Form 20-F /X/ Form 10-Q
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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.
On December 12, 1995, the Company completed the sale of the assets of
its Indian Refinery. On January 16, 1996, the Company sold its
remaining interests in Powerine Oil Company. As a result of these
transactions, additional data and estimates are required. Completion
of this information is hampered by management's involvement in the
transactions and senior management turnover related to the refining
operations. In addition, the Company has still not filed its Form 10-K
for the year ended September 30, 1995 for the same reasons. As a
result, the Company will be unable to file its Form 10-Q by February
14, 1996.
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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)
(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 such
shorter period that the registrant was / / Yes /X/ No
required to file such reports) been
filed? If answer is no, identify
report(s). Form 10-K for year ended
9/30/95 - See Part III
(3) Is it anticipated that any significant
change in results of operations from the
corresponding period for the last fiscal /X/ Yes / / No
year will be reflected by the 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.
The Company had net income of
approximately $14.084 million in the
quarter ended December 31, 1994. For the
quarter ended December 31, 1995, the
Company is unable to project income as a
result of the factors identified in Part
III of this Form 12b-25.
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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 February 14, 1996 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.
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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.
