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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
CASTLE ENERGY CORPORATION
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
148449309
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(CUSIP Number)
January 1, 1999
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
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(1) Names of Reporting Persons. I.R.S.
Identification Nos. of above persons (entities only).
Arthur A. Watson, Jr.
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(2) Check the Appropriate Box if a Member of a Group (a) / /
(b) / /
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(3) SEC Use Only
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(4) Citizenship or Place of Organization
U.S.
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Number of Shares (5) Sole Voting Power 121,600
Beneficially
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power 19,500
Person With:
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(7) Sole Dispositive Power 121,600
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(8) Shared Dispositive Power 32,700
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(9) Aggregate Amount Beneficially Owned by Each Reporting Person
154,300
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(10) Check if the Aggregate Amount in Row (11) Excludes Certain Shares / /
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(11) Percent of Class Represented by Amount in Row (9)
5.2
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(12) Type of Reporting Person (See Instructions)
IN
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SCHEDULE 13G
ITEM 1(a). CASTLE ENERGY CORPORATION
ITEM 1(b). One Radnor Corporate Center
100 Matsonford Road Suite 250
Radnor, PA 19087
ITEM 2(a). Arthur A. Watson, Jr.
ITEM 2(b). 2787 Burning Daylight Farm
Free Union, Virginia 22940
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ITEM 2(c). U.S.
ITEM 2(d). Common Stock
ITEM 2(e). 148449309
ITEM 3. Not Applicable
ITEM 4(a). Incorporated by reference to item (9) on the attached cover
page(s).
ITEM 4(b). Incorporated by reference to item (11) on the attached cover
page(s).
ITEM 4(c). (i). Incorporated by reference to item (5) on the attached cover
page(s).
(ii). Incorporated by reference to item (6) on the attached cover
page(s).
(iii). Incorporated by reference to item (7) on the attached cover
page(s).
(iv). Incorporated by reference to item (8) on the attached cover
page(s).
ITEM 5. Not Applicable
ITEM 6. There are people other than the reporting person who are known to
have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, such
securities. However no such interest relates to more than five
percent of the class.
ITEM 7. Not Applicable
ITEM 8. Not Applicable
ITEM 9. Not Applicable
ITEM 10. Not Applicable
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 4, 1999
By: /s/ Arthur A. Watson, Jr.
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Arthur A. Watson, Jr.
