-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TqHnoGhah+BEFi1vyRhXouLrPQpMBOdxZuXk2ZgH0+boFuUx4A5FgXXbhqwB2Hio ZzHVb1TOuT1OVgDR0bumGQ== 0001102624-04-000137.txt : 20040927 0001102624-04-000137.hdr.sgml : 20040927 20040927124911 ACCESSION NUMBER: 0001102624-04-000137 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040927 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040927 DATE AS OF CHANGE: 20040927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROSPECT ENERGY CORP CENTRAL INDEX KEY: 0001287032 IRS NUMBER: 432048643 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 814-00659 FILM NUMBER: 041046592 BUSINESS ADDRESS: STREET 1: 10 EAST 40TH STREET 44TH FL CITY: NEW YORK STATE: NY ZIP: 10016 BUSINESS PHONE: 212-448-0702 MAIL ADDRESS: STREET 1: 10 EAST 40TH STREET 44TH FL CITY: NEW YORK STATE: NY ZIP: 10016 FORMER COMPANY: FORMER CONFORMED NAME: PROSPECT STREET ENERGY CORP DATE OF NAME CHANGE: 20040414 8-K 1 prospectenergy8k.htm PROSPECT ENERGY 8K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934.

Date of Report: September 27, 2004
(Date of earliest event reported)

Prospect Energy Corporation
(Exact name of registrant as specified in its charter)
NY
(State or other jurisdiction of incorporation) 		  333-114552
(Commission File Number) 		  43-2048643
(IRS Employer Indentification Number)
  10 East 40th Street
(Address of principal executive offices) 		10016
(Zip Code) 		 

Registrant's telephone number, including area code: 212 448-0702 x. 11

Item 8.01. Other Events

Announcement of a new investment

Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1       Press Release of Prospect Energy Corporation dated September 27, 2004

SIGNATURE

      Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: September 27, 2004
 PROSPECT ENERGY CORPORATION

By:  /s/ John Barry                    
     John Barry
     CEO

 EX-99.1 CHARTER 2 prospectenergycorpo.htm PROSPECT ENERGY PRESS RELEASE

Prospect Energy Corporation Finances Acquisition of East Texas Gas Processing Business

NEW YORK, NY -- 09/27/2004 -- Prospect Energy Corporation (NASDAQ: PSEC) announced today that it has provided financing of approximately $30,000,000 for the acquisition of Gas Solutions, Ltd. in White Oak, Texas. Gas Solutions is one of the largest gas gathering and processing businesses in East Texas.

Gas Solutions operates a major gas gathering system in the East Texas field in Gregg, Upshur, and Rusk Counties. The system gathers both casinghead gas from the East Texas oil field as well as gas well gas from the Travis Peak and Cotton Valley gas formations. Gas Solutions also operates two gas processing facilities in Longview and Chapel Hill. Gas Solutions provides compression, processing, and other services to oil and gas producers in the region. The processing plants produce several natural gas liquids, including ethane, propane, isobutene, n-butane, and natural gasoline.

"We are pleased to provide financing for this acquisition of an attractive cash-flowing energy business," said John F. Barry, Chairman and Chief Executive Officer of Prospect Energy.

"We are broadly focused on upstream, midstream, and downstream/power transactions in the energy industry, and this financing comprises an important midstream transaction for our portfolio," said M. Grier Eliasek, President and Chief Operating Officer of Prospect Energy.

About Prospect Energy Corporation

Prospect Energy Corporation is a financial services company that lends to and invests in energy related businesses and assets. Prospect Energy's investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. 

Please send investment proposals to:
Prospect Energy Corporation
John Barry (jbarry@prospectstreet.com)
Grier Eliasek (grier@prospectstreet.com)
212 448-0702
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