U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SEC File Number
FORM 12B-25 0-6814
CUSIP Number
NOTIFICATION OF LATE FILING 911805 10 9
(Check One):
(Check One) [X] Form 10-K and Form 10-KSB [ ]Form 20-F [ ] Form 11-K [ ]Form 10-Q and 10-QSB
[ ] Form N-SAR [ ] Form N_CSR
For Period Ended: December 31, 2004
[ ] 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:
Read Attached Instruction Sheet 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 Items(s) to which the notification relates:
Part I - Registrant Information
Full name of Registrant: U.S. Energy Corp.
Former Name if Applicable: N/A
Address of Principal Executive Office (Street and Number):
877 N. 8th W.
City, State and Zip Code: Riverton, Wyoming 82501
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)
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(a) |
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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(b) |
The subject annual report, semi-annual report, transition report on Form 10-K, Form |
| X |
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20-F, 11-K, 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 |
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(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 Form 10-K, 20-F, 11-K, 10-Q, N-SAR or the transition report or portion thereof, could not be filed within the prescribed time period.
Due to extraordinary demands on the registrant’s staff due to pending negotiations for disposition of a subsidiary company (Rocky Mountain Gas, Inc.), as reported on Form 8-K filed February 28, 2005, the registrant’s financial statements for the year ended December 31, 2004 have not been completed. The Form 10-K, including the financial statements with audit report, will be filed by the close of business on Friday, April 15, 2005.
Due to the significance of the full year financial statements on the disclosures in the Form 10-K, the registrant does not believe that any portion of the Form 10-K should be filed without the audited financial statements.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to this notification.
Stephen E. Rounds, Attorney, 303.377.6997.
(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 reports(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.
U.S. Energy Corp.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: March 31, 2005 By: /s/Robert Scott Lorimer, CFO
Robert Scott Lorimer, CFO