U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
FOR FORM 10-QSB
For Period Ended Commission File No. 0-9261
December 31, 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.
In 2001, responsibility for the day to day maintaining of the Company's
accounting records relating to its oil and gas properties was transferred to an
outside accounting service to reduce the burden on the Company's limited staff
and resources. In October 2002, anticipating cost savings from newly acquired
accounting software, the Company reassumed this responsibility. Because of
delays resulting from the transition back to in-house maintenance of these
records, the Company has been unable to complete its internal review and
compilation of the financial information to be included in the Form 10-QSB
without unreasonable effort and 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 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
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.
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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: February 18, 2003 By: /s/Barry D. Lasker
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Barry D. Lasker, President