U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

         NOTIFICATION OF LATE FILING                       SEC FILE NUMBER
                                                               0-12214
               (Check One):
                                                            CUSIP NUMBER
                                                              23437P109
[ ]      Form 10-K and Form 10-KSB
[ ]      Form 20-F
[ ]      Form 11-K
[X]      Form 10-Q and Form 10-QSB
[ ]      Form N-SAR

         For Period Ended:  June 30, 1999
         [ ]      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

         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

         Full Name of Registrant:  Daleco Resources Corporation

         Former Name if Applicable:_____________________________________________

         Address of Principal Executive Officer (Street and Number):
         983 Old Eagle School Road, Suite 615, Wayne, Pennsylvania 19087

                        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;



[X]    (b) The subject annual report, semi-annual report, transition report on
     Form 10-K, Form 20-F, 11-K or Form N-SAR, 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

[ ]    (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 and Form
10-KSB, 20-F, 11-K, 10-Q, or filing made by a money market fund pursuant to Rule
30b3-1 and Form 10-QSB, N-SAR, or the transition report or portion thereof could
not be filed within the prescribed period.

          The registrant could not file its report on form 10-QSB due to absence
of its chief financial oficer and the non-availability of its accounting firm.
The registrant believes that it will be able to file its form 10-QSB within the
prescribed period.

                           Part IV--Other Information

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

             Gary J. Novinskie                  (610) 293-9400

          (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 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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         Daleco Resources  Corporation has caused this notification to be signed
on its behalf by the undersigned thereunto duly authorized.




Date: August 13, 1999                               By: /s/ Gary J. Novinskie
                                                    ----------------------------
                                                    Gary J. Novinskie, President












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