UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC File No. 0-19365
CUSIP No.: 228341 30.1
(Check One)
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: March 31, 1999
[ ] 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:
Read Attached Instruction Sheet 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.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Crown Energy Corporation
Former Name if Applicable:
Address of Principal Executive
Office (Street and Number) 215 South State Street, Suite 650
City, State and Zip Code Salt Lake City, Utah 84101
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)
(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 or 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 or 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. [ ]
<PAGE>
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K and Form 10-KSB,
Form 11-K, Form 10-Q and Form 10-QSB, Form N-SAR, or the transition report or
portion thereof, could not be filed within the prescribed period.
The Company was unable to file its Quarterly Report onform 10-Q for
the period ending March 31, 1999 due to continuing delays associated
with the change in the Company's auditors from Pritchett Siler &
Hardy, P.C. to Deloitte & Touche LLP. The Company was unable to
eliminate the delays associated with this matter, as they relate to
the preparation of its Quarterly Report on Form 10-Q, without
unreasonable effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Lorin E. Patterson (801) 532-1500
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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 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). [ ] Yes [X] 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? [X] Yes [ ] No
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 cannot be made.
As a result of the Company's formation of Crown Asphalt Distribution,
L.L.C. and related acquisition of Petro Source Asphalt Company (as described in
the Company's Form 8-K filed with the Commission on or about July 17, 1998), the
Company's revenues increased significantly from the revenures recoreded inthe
same quarterly period of the Company's 1998 fiscal year.
Crown Enery 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
hereunto duly authorized.
Date: May 13, 1999 By:/s/ Richard S. Rawdin
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Richard S. Rawdin, Vice President
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).
