U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FOR FORM 10-KSB
For Period Ended Commission File No. 0-9261
June 30, 2002 CUSIP No. 492545 10 8
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 a filing above, identify the Item(s)
to which the notification relates:
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PART I - REGISTRANT INFORMATION
KESTREL ENERGY, INC.
(Full Name of Registrant)
999 18th Street, Suite 2490
Denver, Colorado 80202
(Address of Principal Executive Office)
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;
(b) The subject annual report, semi-annual report, transition
report on Form 10-KSB, Form 20-F, 11-K or Form N-SAR, or
portions 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; 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-KSB, 20-F, 11- K,
10-QSB, N-SAR, or the transition report or portion thereof, could not be filed
within the prescribed time period.
Effective August 22, 2002, the Company engaged Wheeler Wasoff P.C. as its
principal accountants. This new engagement delayed the completion of the
Company's most recent year end financial statements and other information
required for the Form 10-KSB. In addition, the Company's reserve reports
were not completed by the Company's third party petroleum engineering firm
in time to be utilized in the financial statements and other information.
Accordingly, the Company cannot file the subject report within the
prescribed time period without incurring unreasonable effort or expense.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Barry D. Lasker (303) 295-0344
(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 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 [ ] 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.
While the Company has not finalized its calculations of year end
revenues or the amount of the net loss for the year, it is relatively
certain that, based on preliminary data as to production and sales and
the prevailing prices for natural gas and crude oil during the
Company's fourth quarter, the substantial downturn in revenues and
resulting higher loss, compared to fiscal 2001, seen in the first
three quarters of the year will continue into the fourth quarter and
the year end results of fiscal 2002.
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Kestrel Energy, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: October 1, 2002 By: /s/ BARRY D. LASKER
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Barry D. Lasker, President