- ------------------- --------------------------
FORM 12B-25 OMB APPROVAL
- ------------------- --------------------------
OMB Number: 3235-0058
Expires: October 31, 1988
--------------------------
--------------------------
SEC FILE NUMBER
0-10990
--------------------------
--------------------------
CUSIP NUMBER
--------------------------
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
For Period Ended: June 30, 2002
-----------------------------------
- -------------------------------------------------------------------------------
Read Instruction (on back page) 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
CASTLE ENERGY CORPORATION
- --------------------------------------------------------------------------------
Full Name of Registrant
- -------------------------------------------------------------------------------
Former Name if Applicable
One Radnor Corporate Center
100 Matsonford Road, Suite 250
- ---------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)
Radnor, PA 19087
- ---------------------------------------------------------------------------
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)
(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/portion thereof will be filed on or before
the fifteenth calendar day following the prescribed due date; or
the subject quarterly report/portion thereof will be filed on or
before the fifth calendar day following the prescribed due date; and
(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 Forms 10-K, 11-K,
20-F or 10-Q, or portion thereof, could not be filed within the prescribed
time period.
Filing of Form 10-Q could not be completed within the prescribed time because:
a. Key management was inextricably involved in negotiating legal matters
during the financial statement clearance period.
b. More time than usual was required to resolve several non-recurring
accounting issues related to the Delta transaction.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard
to this notification
Richard E. Staedtler 610 995-9400
- ----------------------- ------------ ------------------
(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) 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? [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.
In fiscal 2001, the Company earned net income of
$3,038,000 for nine months ended June 30, 2001. The
Company cannot predict results of operations for the
nine months ended June 30, 2002 until it resolves the
accounting issues related to the Delta sale.
Castle Energy 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 August 6, 2002 By Richard E. Staedtler
-------------- ---------------------------------
Chief Financial Officer
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).
GENERAL INSTRUCTIONS
1. This Form is required by Rule 12b-25 (17 CFR 240.12b-25) of the General Rules
and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this Form and amendments
thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the
General Rules and Regulations under the Act. The information contained in
or filed with the Form will be made a matter of public record in the
Commission files.
3. A manually signed copy of the form and amendments thereto shall be filed with
each national securities exchange on which any class of securities of the
registrant is registered.
4. Amendments to the notifications must also be filed on Form 12b-25 but need
not restate information that has been correctly furnished. The Form shall be
clearly identified as an amended notification.