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