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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): June 1, 1999
CASTLE ENERGY CORPORATION
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(Exact Name of Registrant as Specified in Charter)
DELAWARE
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(State or Other Jurisdiction of Incorporation or Organization)
0-10990 76-0035225
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(Commission File Number) (I.R.S. Employer Identification No.)
One Radnor Corporate Center, Suite 250, 100 Matsonford Road, Radnor, PA 19087
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(Address of Principal Executive Offices) (Zip Code)
(610) 995-9400
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(Registrant's telephone number, including area code)
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(Former Name or Former Address, if Changed Since Last Report)
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Castle Energy Corporation ("Company") submits the following
information:
ITEM 2. Acquisition or Disposition of Assets
On June 1, 1999, the Company consummated the purchase of the oil
and gas properties of AmBrit Energy Corp. ("AmBrit"). The oil and gas properties
include interests in approximately 230 oil and gas wells in Alabama, Louisiana,
Mississippi, Montana, New Mexico, Oklahoma, Texas and Wyoming, as well as
undrilled acreage in several of these states. The effective date of the sale for
purposes of determining the purchase price was January 1, 1999. The Company
expects the adjusted purchase to approximate $20,886,000 after transactions from
January 1, 1999 to May 31, 1999 have been accounted for. A final accounting is
expected not later than September 1, 1999. The Company used corporate cash to
fund the acquisition. Although the Company expects the purchase price to
decrease significantly through interim adjustments and the receipt of net
revenues earned prior to May 31, 1999 there can be no assurances that such will
be the case.
ITEM 7. Financial Statements and Exhibits
Historical financial statements and proforma financial information are
not included in this report. The Company anticipates that this information will
be filed by July 10, 1999.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
CASTLE ENERGY CORPORATION
Date: June 11, 1999 By: /s/ RICHARD E. STAEDTLER
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Richard E. Staedtler
Chief Financial Officer
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