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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 12b-25

                                               Commission File Number  0-24493


                           NOTIFICATION OF LATE FILING


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

               For Period Ended:  March 31, 2001

     [_]  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 item(s) to which the notification relates:



                                     PART I
                             REGISTRANT INFORMATION


Full Name of Registrant: CAMBRIDGE ENERGY CORPORATION


Former Name if Applicable _______________________________


Address of Principal Executive Office (Street and Number): 215 S. RIVERSIDE
DRIVE, SUITE 12

City, State and Zip Code:  COCOA, FLORIDA  32922



                                    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/ (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 10-KSB, Form  20-F,  Form 11-K or Form  N-SAR,
              or portion thereof will be filed on or before  the  15th  calendar
              day following the prescribed due date;   or the  subject quarterly
              report  or  transition  report  on  Form 10-Q, 10-QSB, 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 why the Form 10-K, 11-K, 20-F 10-Q, N-SAR
or the  transition  report  portion  thereof  could  not  be  filed  within  the
prescribed time period. (Attach extra sheets if needed.)

     The necessary financial  information from the Company's foreign subsidiary,
Intermega  Energy,  PTE LTD, was not made available in sufficient  time for the
Company's auditors to complete the audit report prior to June 30, 2001.



                                     PART IV
                                OTHER INFORMATION

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

     PERRY D. WEST                                       (321) 636-6165
     ---------------------------------------------------------------------------
                       (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 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.


                          CAMBRIDGE 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: June 26, 2001                  /s/ Perry D. West
                                     --------------------------------------
                                     Perry D. West
                                     Chairman and Chief Executive Officer