UNITED STATES
                SECURITIES AND EXCHANGE COMMISSION
                     Washington, DC  20549

                           FORM 12b-25


SEC FILE NUMBER
000837759
NOTIFICATION OF LATE FILING
CUSIP NUMBER
561240 102

(Check One):  [ ] Form 10-K  [ ] Form 20-F [ ] Form 11-K [ ] 
Form 10-Q [X] Form N-SAR

For Period Ended:  March 31, 1996

[ ] 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: 
_______________________________________

If the notification relates to a portion of the filing checked 
above, identify the item(s) to which the notification relates:

_________________________________________________________________

PART II -- REGISTRATION INFORMATION
Mallon Resources Corporation
(Full Name of Registrant)

_________________________________________________________________

Former Name if Applicable

999 18th Street, Suite 1700
(Address of Principal Executive Office (Street and Number)

Denver, CO  80202
(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).

[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, 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 of 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 the Form 10-K, 
11-K, 10-Q, N-SAR, or the transition report or portion thereof, 
could not be filed within the prescribed time period.

The Company cannot file its Form 10-Q within the prescribed time 
period because complete information could not be compiled without 
undue effort and expense.

PART IV -- OTHER INFORMATION

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

Roy Ross                303              293-2333
(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 reports) 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 quantitively, and, if appropriate, state the 
reasons why a reasonable estimate of the results cannot be made.

________________________________________________________________

Mallon Resources Corporation
(Name of Registrant as Specified in Charter)

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

Date:  May 15, 1996                 By Roy Ross

                            Roy K. Ross, Executive Vice President
                                    (Name and Title)

INSTRUCTION:  The form may be signed by an executive officer of 
the registrant or by any other duly authorized representative.  
The name and title of the person signing the form shall be typed 
or printed beneath the signature.  If the statement is signed on 
behalf of the registrant by an authorized representative (other 
than an executive officer), evidence of the representative's 
authority to sign on behalf of the registrant shall be filed with 
the form.

Index to Exhibits - None