SEC FILE NUMBER
                                                             000 - 30285

                          UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                      Washington, D.C. 20549

                           FORM 12b-25

                   NOTIFICATION OF LATE FILING

[ ] Form 10-K    [ ] Form 20-F     [ ] Form 11-K   [X] Form 10-Q
[ ] Form 10-D    [ ] Form N-SAR    [ ] Form N-CSR


For period ended: March 31, 2006

[ ] 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:   N/A

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Nothing in this form shall be construed to imply that the commission has
verified any information contained herein.
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                 PART I - REGISTRANT INFORMATION

Lions Petroleum Inc.
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Full name of registrant

600 17th Street, Suite 2800 South
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Address of principal executive office

Denver, Colorado 80202
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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.

[X]   (a)   The reasons described in reasonable detail in Part III of this
            form could not be eliminated without unreasonable effort or
            expense;
      (b)   The subject annual report, semi-annual report, transition report
            on Form 10-K, Form 20-F, 11-K or Form N-SAR or Form N-CSR, 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
      (c)   The accountant's statement or other exhibit required by Rule
            12b-25(c) has been attached, if applicable.





                      PART III  - NARRATIVE

Data and other information regarding certain material operations of the
company, as well as its financial statements for the quarterly period ended
March 31, 2006 are not currently available and could not be made available to
our independent accountants for review without unreasonable effort and
expense.

                   PART IV - OTHER INFORMATION

(1)   Name and telephone number of person to contact in regard to this
      notification:

      Gordon L. Wiltse     (720) 359-1604
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(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 the 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


Lions Petroleum Inc. has caused this notification to be signed on its behalf
by the undersigned hereunto duly authorized.


                                   /s/ Gordon L. Wiltse
Date: May 12, 2006             By:________________________________
                                   Gordon L. Wiltse
                                   Chief Financial Officer, Secretary
                                   and Director