SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 of 15(d) of the

                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 11, 2000



                      FORTUNE NATURAL RESOURCES CORPORATION

             (Exact name of Registrant as specified in its charter)



   Delaware                        1-12334                     95-4114732
   --------                        -------                     ----------
(State or other                  (Commission                 (IRS Employer
 jurisdiction of                 File Number)                Identification No.)
 incorporation)


               515 W. Greens Road, Suite 720, Houston, Texas 77067
        -----------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (281) 872-1170
       Registrant's telecopier number, including area code: (281) 872-1213



                                       N/A
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)





<PAGE>


ITEM 5.  OTHER EVENTS

         July 11, 2000 - HOUSTON,  TEXAS - FORTUNE NATURAL RESOURCES CORPORATION
(NASDAQ OTC BB SYMBOL: FPXA) today provided this exploration program update:

TEXAS GULF COAST AND STATE WATERS ACTIVITY:

     CADIZ PROSPECT - BEE COUNTY, TEXAS - ONSHORE:

         BROOKS #1 WELL:  Final  logging  results  of the  Brooks #1 well at the
Cadiz 3-D Seismic Prospect indicate that the well encountered  approximately 175
feet of net pay in four potentially productive zones. The log analysis shows 63'
of net pay in the Lower Luling, 60' of net pay in the Lower Slick, 8' of net pay
in a Wilcox  stringer  sand and 44' of net pay in the  Upper  Luling.  The Upper
Slick  sand  may also be  productive  but has not  been  counted  in the net pay
calculation.

         The well has  first  been  perforated  in the top 10 feet of the  Lower
Luling sand and is now flowing two mmcf of gas and 8 barrels of  condensate  per
day, on a 10/64" choke, into the sales line. Because of the better-than-expected
results,  the partners are  considering  perforating a portion of the additional
53' of  the  Lower  Luling  net  pay  interval  to  increase  production.  These
additional  perforations  are in lieu of performing a fracture  stimulation that
the partners  thought would be necessary on this sand. The other potential zones
will  remain  behind pipe and be  perforated  later after lower zones have first
been produced fully.

         Fortune  owns  a  6.5625%  working  interest  in  the  producing  well.
Production  commenced  on June 24,  2000.  The well was drilled on a 3-D seismic
anomaly  generated from 3-D seismic  licensed by Fortune and farmed-out to Prime
Energy  Corporation  (NASDAQ:  PNRG).  Prime has exercised its option to drill a
well on a prospect in an adjacent  faultblock  which was also generated from the
3-D seismic and expects to begin operations within sixty days.

     LA ROSA - REFUGIO COUNTY, TEXAS - ONSHORE:

         LA ROSA #C-7 WELL  (NEW  DISCOVERY):  The La Rosa #C-7 well was spud on
June 18, 2000 and logged on June 26, 2000 as a new  discovery.  Preliminary  log
evaluation indicates that the well has five Miocene pay sands and one additional
potential pay sand. The well has been completed and is to be tested by mid-July.
Fortune owns an 18.75%  working  interest in the well; its share of the drilling
cost and completion was approximately $33,000.

         SPAULDING #11: In response to historically high oil and gas prices, the
partners  in the La Rosa field have begun a  re-completion  program to  increase
production.  The Spaulding #11 well, the first  operation in this  re-completion
program,  was brought on production on June 22, 2000,  with an initial flow rate
of 1 million cubic feet per day.  Fortune owns a 37.5%  working  interest in the
well and spent approximately $8,000 to fund its share of the re-completion.

                                       2

<PAGE>

         B.D. ROOKE #54: The second well in the La Rosa re-completion  program,
the B.D. Rooke #54, was successfully  re-completed on June 27, 2000, and is
awaiting pipeline  repair to be placed on production.  Fortune's  interest in
the well is 37.5%; its share of the re-completion cost was approximately $8,000.

         SPAULDING #12: The third well in the La Rosa re-completion program, the
Spaulding #12, was  successfully  re-completed  on July 3, 2000, with an initial
flow rate of 400,000  cubic  feet per day.  Fortune's  interest  in this well is
20.69%; its share of the re-completion cost was approximately $4,000.

MISSISSIPPI ONSHORE ACTIVITY:

     BACON FIELD AREA - CHICKASAW COUNTY

         ANDERSON #13-10:  The next well in a series of wells in the Bacon Field
Area in which  Fortune has  participated  is the  Anderson  #13-10.  The well is
anticipated to spud on July 19, 2000.  Fortune has a 10% working interest in the
well. Over the last year and a half,  Fortune has  participated in four wells in
the area, of which 75% were successfully completed.

         FORTUNE  NATURAL  RESOURCES  CORPORATION is an independent  oil and gas
exploration and production company with its principal properties located onshore
and  offshore  Louisiana  and Texas.  Certain  statements  in this news  release
regarding  future  expectations  and plans may be regarded  as "forward  looking
statements"  within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities  Exchange Act of 1934. They are subject to various
risks,  such as  operating  hazards,  drilling  risks,  and other  uncertainties
inherent in the business of exploring for,  developing and producing oil and gas
which may be beyond the Company's control. For a discussion of the contingencies
and uncertainties  affecting future events and forward-looking  statements,  see
Fortune's most recent Annual Report on Form  10-KSB/A,  as well as other filings
with the Securities and Exchange Commission.  There can be no assurance that the
Company will be successful in meeting its expectations.

                                   **********
                                                  Company Contact: Angela McLane
                                                                  (281) 872-1170



                                       3



<PAGE>



ITEM 7.       FINANCIAL STATEMENTS AND EXHIBITS

         None.









                                       4










<PAGE>


                                    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 thereunto duly authorized.

                                         FORTUNE NATURAL RESOURCES CORPORATION

                                         By: /s/ Dean W. Drulias
                                             ----------------------------------
                                             Dean W. Drulias
                                             Executive Vice President
                                             and General Counsel


Date:  July 11, 2000


                                        5
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SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 of 15(d) of the

                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported): July 11, 2000

                      FORTUNE NATURAL RESOURCES CORPORATION

             (Exact name of Registrant as specified in its charter)

   Delaware                        1-12334                     95-4114732
   --------                        -------                     ----------
(State or other                  (Commission                 (IRS Employer
 jurisdiction of                 File Number)                Identification No.)
 incorporation)

               515 W. Greens Road, Suite 720, Houston, Texas 77067
        -----------------------------------------------------------------
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (281) 872-1170
       Registrant's telecopier number, including area code: (281) 872-1213

                                       N/A
          ------------------------------------------------------------
          (Former name or former address, if changed since last report)
ITEM 5.  OTHER EVENTS

         July 11, 2000 - HOUSTON,  TEXAS - FORTUNE NATURAL RESOURCES CORPORATION
(NASDAQ OTC BB SYMBOL: FPXA) today provided this exploration program update:

TEXAS GULF COAST AND STATE WATERS ACTIVITY:

     CADIZ PROSPECT - BEE COUNTY, TEXAS - ONSHORE:

         BROOKS #1 WELL:  Final  logging  results  of the  Brooks #1 well at the
Cadiz 3-D Seismic Prospect indicate that the well encountered  approximately 175
feet of net pay in four potentially productive zones. The log analysis shows 63'
of net pay in the Lower Luling, 60' of net pay in the Lower Slick, 8' of net pay
in a Wilcox  stringer  sand and 44' of net pay in the  Upper  Luling.  The Upper
Slick  sand  may also be  productive  but has not  been  counted  in the net pay
calculation.

         The well has  first  been  perforated  in the top 10 feet of the  Lower
Luling sand and is now flowing two mmcf of gas and 8 barrels of  condensate  per
day, on a 10/64" choke, into the sales line. Because of the better-than-expected
results,  the partners are  considering  perforating a portion of the additional
53' of  the  Lower  Luling  net  pay  interval  to  increase  production.  These
additional  perforations  are in lieu of performing a fracture  stimulation that
the partners  thought would be necessary on this sand. The other potential zones
will  remain  behind pipe and be  perforated  later after lower zones have first
been produced fully.

         Fortune  owns  a  6.5625%  working  interest  in  the  producing  well.
Production  commenced  on June 24,  2000.  The well was drilled on a 3-D seismic
anomaly  generated from 3-D seismic  licensed by Fortune and farmed-out to Prime
Energy  Corporation  (NASDAQ:  PNRG).  Prime has exercised its option to drill a
well on a prospect in an adjacent  faultblock  which was also generated from the
3-D seismic and expects to begin operations within sixty days.

     LA ROSA - REFUGIO COUNTY, TEXAS - ONSHORE:

         LA ROSA #C-7 WELL  (NEW  DISCOVERY):  The La Rosa #C-7 well was spud on
June 18, 2000 and logged on June 26, 2000 as a new  discovery.  Preliminary  log
evaluation indicates that the well has five Miocene pay sands and one additional
potential pay sand. The well has been completed and is to be tested by mid-July.
Fortune owns an 18.75%  working  interest in the well; its share of the drilling
cost and completion was approximately $33,000.

         SPAULDING #11: In response to historically high oil and gas prices, the
partners  in the La Rosa field have begun a  re-completion  program to  increase
production.  The Spaulding #11 well, the first  operation in this  re-completion
program,  was brought on production on June 22, 2000,  with an initial flow rate
of 1 million cubic feet per day.  Fortune owns a 37.5%  working  interest in the
well and spent approximately $8,000 to fund its share of the re-completion.

                                       2
B.D. ROOKE #54: The second well in the La Rosa re-completion  program,
the B.D. Rooke #54, was successfully  re-completed on June 27, 2000, and is
awaiting pipeline  repair to be placed on production.  Fortune's  interest in
the well is 37.5%; its share of the re-completion cost was approximately $8,000.

         SPAULDING #12: The third well in the La Rosa re-completion program, the
Spaulding #12, was  successfully  re-completed  on July 3, 2000, with an initial
flow rate of 400,000  cubic  feet per day.  Fortune's  interest  in this well is
20.69%; its share of the re-completion cost was approximately $4,000.

MISSISSIPPI ONSHORE ACTIVITY:

     BACON FIELD AREA - CHICKASAW COUNTY

         ANDERSON #13-10:  The next well in a series of wells in the Bacon Field
Area in which  Fortune has  participated  is the  Anderson  #13-10.  The well is
anticipated to spud on July 19, 2000.  Fortune has a 10% working interest in the
well. Over the last year and a half,  Fortune has  participated in four wells in
the area, of which 75% were successfully completed.

         FORTUNE  NATURAL  RESOURCES  CORPORATION is an independent  oil and gas
exploration and production company with its principal properties located onshore
and  offshore  Louisiana  and Texas.  Certain  statements  in this news  release
regarding  future  expectations  and plans may be regarded  as "forward  looking
statements"  within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities  Exchange Act of 1934. They are subject to various
risks,  such as  operating  hazards,  drilling  risks,  and other  uncertainties
inherent in the business of exploring for,  developing and producing oil and gas
which may be beyond the Company's control. For a discussion of the contingencies
and uncertainties  affecting future events and forward-looking  statements,  see
Fortune's most recent Annual Report on Form  10-KSB/A,  as well as other filings
with the Securities and Exchange Commission.  There can be no assurance that the
Company will be successful in meeting its expectations.

                                   **********
                                                  Company Contact: Angela McLane
                                                                  (281) 872-1170

                                       3
ITEM 7.       FINANCIAL STATEMENTS AND EXHIBITS

         None.

                                       4
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 thereunto duly authorized.

                                         FORTUNE NATURAL RESOURCES CORPORATION

                                         By: /s/ Dean W. Drulias
                                             ----------------------------------
                                             Dean W. Drulias
                                             Executive Vice President
                                             and General Counsel

Date:  July 11, 2000

                                        5