UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

                                                                                                                                        

                                               

(Check one):	¨ 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: September 30, 2009                                                 ¨ 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 Instruction (on back page) 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 Item(s) to which the notification relates:

 

 

PART I — REGISTRANT INFORMATION

 

Teton Energy Corporation

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Full Name of Registrant

 

 

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Former Name if Applicable

 

600 17th Street, Suite 1600 North

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Address of Principal Executive Office (Street and Number)

 

Denver, CO 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. (Check box if appropriate)

 

þ		(a)		The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
o		(b)		The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 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 subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
o		(c)		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 why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

(Attach extra Sheets if Needed)

 

On November 8, 2009,Teton Energy Corporation (the “Company”) and each of its subsidiaries filed voluntary petitions for relief (collectively, the “Bankruptcy Filing”) under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.  Because of the extraordinary and critical demands that the Bankruptcy Filing and related matters, including efforts to prepare a proposed plan of reorganization, have placed on the time and attention of the Company’s senior management and staff, the Company was unable to complete all work necessary to file the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2009 by the filing deadline of November 16, 2009 without unreasonable effort or expense.

 

 

PART IV — OTHER INFORMATION

 

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

 

Jonathan Bloomfield		(303)		565-4600
(Name)		(Area Code)		(Telephone Number)

 

(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 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 x 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.

The Company anticipates a significant change in its results of operations due to the Company divesting all of its non-operated assets during the first half of the year, a precipitous decline in oil and gas commodity prices and severely limited capital program due to a lack of liquidity.  As a result of the Company’s management and staff preparing and negotiating the proposed plan of reorganization, the Company has not dedicated the time and attention required to complete all necessary work to file the Quarterly Report on Form 10-Q for the period ending September 30, 2009 by November 16, 2009, therefore the Company is unable to provide a more detailed estimate of the results at this time.

 

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Teton Energy Corporation

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(Name of Registrant as Specified in Charter)

 

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

 

Date  November 12, 2009	By:	/s/ Jonathan Bloomfield
	Name:	Jonathan Bloomfield
	Title:	Executive Vice President and CFO

                                                                                                                                                                        

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

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