UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM-12b-25
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-KSB [ ] Form 20-F [ ] Form 11-K
[X] Form 10-QSB [ ] Form N-SAR
For Period Ended: April 30, 1998
[ ] 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:
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
CASPEN OIL, INC.
- ----------------------------------------------------------
Former Name if Applicable
- ----------------------------------------------------------
Address of Principal Executive Offices (Street and Number)
Irongate 3, Suite 201
777 South Wadsworth Blvd.
Lakewood, CO 80226
- ----------------------------------------------------------
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,
Form 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-QSB, or portion thereof will be filed on or
before the fifth calendar day following the
prescribed due date;
[ ] (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 Form 10-K, 20-F,
11-K 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period. (Attach
Extra Sheets if Needed)
The Registrant is unable to meet the prescribed
deadline.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this notification
Gary N. Davis 303 987-0925
------------------ ------- --------------
(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 report(s)
been filed? If answer is no, identify report(s).
[X] YES [ ] NO
-----------------------------------------------------------
(3) Is it anticipated that any significant change in
results of operation 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
<PAGE>
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.
- ----------------------------------------------------------------
CASPEN OIL, INC.
- ----------------------------------------------------------------
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: June 11, 1998 By: /s/Gary N. Davis
---------------------- ---------------------------
Treasurer
INSTRUCTION: This 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 this form.
ATTENTION
Intentional misstatements or omissions of fact constitute
Federal Criminal Violations (See 18 U.S.C. 1001).
