UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
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OMB APPROVAL
OMB Number: 3235-0058
Expires: October 31, 1988
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SEC FILE NUMBER
0-10990
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CUSIP NUMBER
148449309
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NOTIFICATION OF LATE FILING
(Check One): [_] Form 10-K [_] Form 11-K [_] Form 20-F [X] Form 10-Q
For Period Ended: March 31, 2003
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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.
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If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:__________________________________
________________________________________________________________________________
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Part I - Registrant Information
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Full Name of Registrant
Castle Energy Corporation
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
One Radnor Corporate Center
100 Matsonford Road, Suite 250
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City, State and Zip Code
Radnor, PA 19087
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Part II - Rules 12b-25(b) and (c)
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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) It was not possible to reconvene all the personnel necessary to
| review several issues that arose during the 10-Q review process.
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| (b) Key management personnel were inextricably involved in legal
[X] | matters during the review period.
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| (c) The accountant's statement or other exhibit required by Rule
| 12b-25(c) has been attached if applicable.
|
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Part III - Narrative
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State below in reasonable detail why the Form 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) It was not possible to convene all personnel necessary to review an
issue that arose during the 10-Q review process.
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Richard E. Staedtler 610 995-9400
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(NAME) (AREA CODE) (TELEPHONE NUMBER)
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(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 the answer is no, identify report(s).
[X] Yes [_] No
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(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 can not be made.
In fiscal 2002, the Company incurred a net loss of $747,000 for the six
months ended March 31, 2002. The Company expects a net loss of $411,000 for
the six months ended March 31, 2003 but it is possible that such estimate
may change before filing.
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Castle Energy 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
thereunto duly authorized.
DATE May 14, 2003 BY RICHARD E. STAEDTLER
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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.
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Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U.S.C. 1001).
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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.