SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

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                         Date of Report: April 21, 1999

                                  ISRAMCO, INC.
             (Exact name of registrant as specified in its charter)

          Delaware                      0-12500                13-3145265
(State or Other Jurisdiction        Commission File           IRS Employer
      of Incorporation)                 Number)             Identification No.)

               1770 St. James Place, Houston, Texas 7705 Suite 607
                    (Address of Principal Executive Offices)

                                  713-621-3882
              (Registrant's Telephone Number, including Area Code)

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                    INFORMATION TO BE INCLUDED IN THE REPORT

ITEM 5. OTHER EVENTS

     The  Company's  Class A Warrants  and Class B Warrants  have  expired as of
April 16, 1999.





                                    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.


Date: April 21, 1999                       ISRAMCO, INC.

                                            By: /s/ Haim Tsuff

                                            Haim Tsuff
                                            Chairman of the Board