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

FORM 12b-25
NOTIFICATION OF LATE FILING

Commission File Number   001-10179


x Form 10-K       ¨ Form 20-F     ¨ Form 11-K      o Form 10-Q   ¨ Form 10-D   ¨ Form N-SAR     ¨ Form N-CSR

For Period Ended: March 31, 2011

¨ 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 I – REGISTRANT INFORMATION

Glen Rose Petroleum Corporation                                
Full Name of Registrant

Suite 515, 22762 Westheimer Parkway                         
Address of principal executive office

Katy, Texas 77450                                                           
City, State and Zip Code                                                                

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, 20-F, 11-K or Form 10-Q, or portion thereof will be filed on or before the 15 th 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, 10-KSB, 11-K, 20-F, 10-Q, 10-QSB, N-SAR or the transition report portion thereof could not be filed within the prescribed time period.

Glen Rose Petroleum Corporation is filing this Form 12b-25 with respect to its Annual Report on Form 10-K for the year ended March 31, 2011 (the “2010 Form 10-K”), because  the company is in the process of evaluating certain complex financing transactions and obtaining required valuations to allow it to complete the evaluation.  Accordingly, the Company is not able to file its 2010 Form 10-K in a timely manner without unreasonable effort or expense. 

PART IV – OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification
 
Theodore Williams 
      (832)
          437-0329
        (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).                                 T 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?        T 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 is in the process of evaluating certain complex financing transactions from the prior and current annual period and until the valuations are obtained and its evaluation of those transactions completed it is unable to provide a reasonable estimate of the anticipated change to the results from operations. Though the anticipated change is due entirely to non-cash accounting items it is reasonably likely to be significant.
 
 
Glen Rose Petroleum 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: June 29, 2011
By: /s/ Theodore Williams
 
Theodore Williams
 
Chief Financial Officer
 
 
 
 
 
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