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 Earliest Event Reported: April 30, 2001

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

            Colorado                     000-24682             84-1125214
(State or other jurisdiction       (Commission File Number)   (IRS Employer
of incorporation or organization)                            Identification No.)

                       1300 Post Oak Boulevard, Suite 1985
                              Houston, Texas 77056
          (Address of principal executive offices, including zip code)

                                 (713) 892-5823
              (Registrant's telephone number, including area code)



Item  5.     Other  Events.

     On  April 30, 2001, we amended the Agreement and Plan of Merger dated March
26, 2001 (the "Original Merger Agreement") by and among ourselves, Petro Merger,
Inc.,  a  Georgia  corporation  (our  wholly owned subsidiary) ("Petro Merger"),
Gilbert  Gertner,  our  Chairman of the Board, Small Town Radio, Inc., a Georgia
corporation  ("STR"),  and  certain individual Shareholders of STR (the "Amended
Merger Agreement").  The Amended Merger Agreement provides for a closing date of
May 31, 2001.   In all other respects, the Amended Merger Agreement has the same
terms  as  the  Original  Merger  Agreement.

STR  is  a  recently  formed company based in Atlanta, Georgia, which intends to
acquire, integrate and operate a number of radio stations, primarily in smaller,
non-rated  markets  in the Southeast. Non-rated markets are markets in which the
audience  size  is  not  measured  by  a  national  rating  service.

     The  Amended  Merger  Agreement  was  approved  by  the Board of Directors,
subject  to  certain  conditions  of closing which are identical to those in the
Original Merger Agreement and include the receipt of not less than $4,000,000 in
cash  at  closing,  which  we  will  use  after the closing to undertake our new
business plan, a fairness opinion being received by the Board of Directors as to
the  fairness  to  our  shareholders  from  a financial point of view, and other
standard  closing conditions for an acquisition of this size and nature.  If the
transactions  contemplated  by  the  Amended  Merger  Agreement  have not become
effective  and  the  closing  has not occurred by May 31, 2001, then the Amended
Merger  Agreement  and  all related ancillary agreements shall terminate, unless
extended  by  the  parties.  The Amended Merger Agreement was the result of good
faith  arms-length  negotiations among the parties.  Although the parties intend
to  continue in good faith to complete the merger, certain of the conditions are
outside  of  the parties' control, and no assurance can be given that all of the
conditions  to the closing of the Amended Merger Agreement will be met or waived
or  that  the  merger  will  actually  close.

Item  7.     Financial  Statements  and  Exhibits

(a)          Financial  Statements:

                  None.

(b)          Exhibits:

                   2.2     Amended  Agreement  and  Plan  of  Merger

                   99.1     Press  Release



                                   SIGNATURES


     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.

                                             WORLDWIDE  PETROMOLY,  INC.

                                             ___________________________________
Date:  May  3,  2001                         By:  /s/  Lance  Rosmarin
                                             Lance  Rosmarin,  President