UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12b-25
SEC FILE NUMBER
000837759
NOTIFICATION OF LATE FILING
CUSIP NUMBER
561240 102
(Check One): [X] Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form
10-Q [ ] Form N-SAR
For Period Ended: December 31, 1995
[ ] Transition Report on Form 10-K
[ ] 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:
_______________________________________
If the notification relates to a portion of the filing checked
above, identify the item(s) to which the notification relates:
_________________________________________________________________
PART II -- REGISTRATION INFORMATION
Mallon Resources Corporation
(Full Name of Registrant)
_________________________________________________________________
Former Name if Applicable
999 18th Street, Suite 1700
(Address of Principal Executive Office (Street and Number)
Denver, CO 80202
(City, State and Zip Code)
_________________________________________________________________
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).
[X] (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, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR, or
portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject
quarterly report of transition report on Form 10-Q, or portion
thereof will be filed on or before the fifth calendar day
following the prescribed due date; and
[X] (c) The accountant's statement or other exhibit required
by Rule 12b-25(c) has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K,
11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
The Company cannot file its Form 10-K within the prescribed time
period because the Company is considering a change in accounting
for its oil and gas operations from the full cost method to the
successful efforts method.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification
Roy Ross 303 293-2333
(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 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months (or
for such shorter) period that the registrant was required to file
such reports) been filed? If answer is no, identify report(s).
[X] Yes [ ] No
(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? [ ] Yes [X] No
If so, attach an explanation of the anticipated change, both
narratively and quantitively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be made.
________________________________________________________________
Mallon Resources Corporation
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: April 1, 1996 By Roy Ross
Roy K. Ross, Executive Vice President
(Name and Title)
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.
Index to Exhibits
Exhibit 99 - Letter from Accountants
Exhibit 99
April 1, 1996
Mr. Duane C. Knight, Jr., Treasurer
Mallon Resources Corporation
999 18th Street, Suite 1700
Denver, CO 80202
Dear Duane:
You have furnished us with a copy of your "Notification of Late
Filing" on Form 12b-25 dated April 1, 1996.
We are in agreement with the comments under Part III of the Form
with respect to the reasons why we are unable to furnish our
report on the financial statements of Mallon Resources
Corporation on or before the date the Form 10-K of Mallon
Resources Corporation for the year ended December 31, 1995 is
required to be filed.
Yours very truly,
/s/ Price Waterhouse, LLP
Price Waterhouse, LLP
