Prospect Energy NT 10-K 6-30-2006
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
Commission
File Number 333-114552
(Check
One):
x
Form
10-K o
Form
20-F o
Form
11-K o
Form
10-Q o
Form
N-SAR o
Form
N-CSR
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For
Period Ended:
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June
30, 2006
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o
Transition Report on Form 10-K
o
Transition Report on Form 20-F
o
Transition Report on Form 11-K
o
Transition Report on Form 10-Q
o
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
Prospect
Energy Corporation
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Full
Name of Registrant:
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Prospect
Street Energy Corporation
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Former
Name if Applicable:
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10
East 40th Street, 44th Floor, New York, New York 10016
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Address
of Principal Executive Office (Street
and Number):
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New
York, New York 10016
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City,
State and Zip Code:
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PART
II
RULE
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
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1.
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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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2.
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The
subject annual report, semi-annual report, transition report on Form
10-K,
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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|
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3.
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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
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR,
N-CSR or the transition report portion thereof, could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
Due
in
part to the substantial increase in the number of the Registrant’s portfolio
investments as compared to last year, and the need to complete all testing
of
processes, systems and controls required or deemed appropriate under Section
404A of the Sarbanes-Oxley Act, an outsourced service provider to the Registrant
has requested and received from the Registrant an extension of time to complete
its preparatory work, and, as a consequence, the Registrant is filing this
extension on Form 12b-25 for up to 15 calendar days, or until September 28,
2006, to complete and file its audited financial statements and Annual Report
on
Form 10-K for the fiscal year ended June 30, 2006.
PART
IV
OTHER
INFORMATION
(1)
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Name
and telephone number of person to contact in regard to this
notification
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John
F. Barry III
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(212)
448 - 0702
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(Name)
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(Area
Code) (Telephone Number)
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(2)
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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).
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x
Yes o
No
(3)
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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 o
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.
The
Registrant anticipates significant changes to its 2006 results compared to
its
results for 2005. This is primarily because the Registrant was not fully
invested during its fiscal year 2005 and had only six portfolio companies at
its
2005 fiscal year end. During the Registrant’s 2006 fiscal year, it became
substantially invested and increased the number of portfolio companies to
fifteen at its 2006 fiscal year end. The Registrant cannot provide further
narrative information or estimates until the preparation of its 2006 audited
financial statements is or nears final completion.
PROSPECT
ENERGY CORPORATION
(Name
of Registrant as Specified in Charter)
has
caused this notification to be signed on its behalf by the undersigned thereunto
duly authorized.
Date:
September 8, 2006
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By:
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/s/
M. Grier Eliasek
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Name:
M. Grier Eliasek
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Title:
President and Chief Operating
Officer
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