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): April 12, 2000



                      FORTUNE NATURAL RESOURCES CORPORATION
                     ---------------------------------------
             (Exact name of Registrant as specified in its charter)



      Delaware                      1-12334                      95-4114732
      --------                      -------                      ----------
(State or other                (Commission File                (IRS Employer
 jurisdiction of                    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

         April 12, 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:

         Espiritu Santo Bay - Calhoun County, Texas - Transition Zone:

         210-#6 - Grass  Island Deep  Prospect:  Drilling on the 210-#6 well was
finished  in late  December  and casing was  subsequently  run to total depth of
approximately  12,000'.  Fortune and its  farmout  partners  have been  awaiting
testing of the well.  McMoRan Oil and Gas,  the farmee and operator of the well,
has advised the partners that it will not  participate in the test of this first
well but will  return  all  rights in the well to the  partners  so as to permit
prompt testing of the well by them.  Petro-Guard Company,  Inc. will operate the
testing and production of the well. The participating  partners will pay for all
future operations on the well,  including additional  facilities,  if necessary,
and will receive all future revenues from the well, if any.

         As  a  result  of  McMoRan's  decision,  Fortune  will  immediately  be
reconveyed its original 7.4% working  interest in the 210-#6 well.  McMoRan will
retain its  approximate  49% working  interest in the  3,200-acre  farmout  area
(except for the 210-#6 well). All participants  have agreed to share information
from this test with  McMoRan,  since it has the right to  participate  in future
wells on the balance of this acreage.

         Fortune has also been advised that permitting activities have commenced
for additional well  locations,  including a 16,000' test that the partners hope
to spud later this year. These well locations have been generated from Fortune's
and its partners' proprietary 3-D seismic survey of the bay.

         La Rosa - Refugio County, Texas - Onshore:

         LRU#46 Well:  This well was drilled and  completed  as a new  discovery
with  multiple pay zones.  The lowest zone in the well at approx.  6,160 ft. was
perforated and flowed  approximately 2 million cubic feet of natural gas per day
on  a  20/64"  choke.  The  well  is  currently  being  produced  at a  rate  of
approximately  1 million  cubic  feet per day.  Fortune  has an  18.75%  working
interest in the well.

         La Rosa C-6 Well:  The La Rosa C-6 well was spud on March 29,  2000 and
logged on April 5, 2000 as new discovery. The working interest owners elected to
complete  the well and  completion  activities  are underway in order to put the
well on production.  Fortune owns an 18.75% working interest in the well and its
share of the drilling cost was approximately $21,000.

         La Rosa C-7 Well: The next exploration well at La Rosa is the C-7 well.
The C-7 is  anticipated  to spud in  approximately  two weeks.  Fortune  owns an
18.75%  working  interest  in this  well and  expects  the  drilling  cost to be
approximately $20,000.


                                       2
<PAGE>



         Cadiz Area - Bee and Live Oak Counties, Texas - Onshore

         Brooks #1 Well:  Fortune and its  partners  farmed out a portion of the
working  interest in the Brooks #1 exploratory  well to Prime Energy  Management
Corporation at the end of March.  Fortune  farmed-out  three-quarters of its 15%
working  interest  in the  drilling  expense  and  received  a cash  payment  of
approximately  $10,000.  At  casing  point,  Fortune  will have an  election  to
participate in the completion.  If it elects to do so, Fortune will receive back
2.8125%  working  interest  at that time,  in addition  to the  remaining  3.75%
working interest it did not farmout. If the well is completed and Fortune elects
to participate,  Fortune will have a 6.5625%  working  interest in the well. The
well  is  scheduled  to spud  within  the  next  forty-five  days to a depth  of
approximately  10,000  feet to test a 3-D  seismic  anomaly  generated  from 3-D
seismic  licensed by Fortune.  The farmout also provides Prime with an option to
drill a second well on adjacent acreage on the same terms as the first well.

Louisiana Onshore Activity:

         Estherwood  Prospect  - Acadia  Parish,  Louisiana:  During  the fourth
quarter of 1999,  Fortune  participated in a re-completion  project  designed to
test a  previously  un-produced  sand lens in a  formerly  prolific  field,  now
abandoned. The re-completion was unsuccessful.  Fortune's share of the well cost
was approximately $57,000.

Mississippi Onshore Activity:

         Bacon Field Area - Chickasaw County, Mississippi:

         Brand  25-5  #1  Well:  The  previously  announced  Brand  24-5 #1 well
discovery,  drilled  late last  year,  was  fracture  stimulated  and  placed on
production  at  approximately  half a million cubic feet per day of natural gas.
Fortune has a 10% working interest in the discovery.

         Ivy #24-11 Well: The Ivy #24-11 was drilled in March 2000 and completed
as a new discovery.  Fortune owns a 10% working  interest in the well, which was
fracture  stimulated  this week. The operator  anticipates  the well should make
approximately  half a million cubic feet of natural gas per day, after flow back
of frac  fluids,  consistent  with the first two  successful  wells in the field
which Fortune participated in earlier.

         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:  April 12, 2000












                                       5
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{"company-data": {"conformed-name": "FORTUNE NATURAL RESOURCES CORP", "cik": "0000038242", "assigned-sic": "1311", "irs-number": "954114732", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12334", "film-number": "599249"}, "business-address": {"street1": "515 WEST GREENS ROAD", "street2": "SUITE 720", "city": "HOUSTON", "state": "TX", "zip": "77067", "phone": "7138721170"}, "mail-address": {"street1": "515 WEST GREENS ROAD", "street2": "SUITE 720", "city": "HOUSTON", "state": "TX", "zip": "77067"}, "former-company": {"former-conformed-name": "FORTUNE PETROLEUM CORP", "date-changed": "19920703"}}
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): April 12, 2000

                      FORTUNE NATURAL RESOURCES CORPORATION
                     ---------------------------------------
             (Exact name of Registrant as specified in its charter)

      Delaware                      1-12334                      95-4114732
      --------                      -------                      ----------
(State or other                (Commission File                (IRS Employer
 jurisdiction of                    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

         April 12, 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:

         Espiritu Santo Bay - Calhoun County, Texas - Transition Zone:

         210-#6 - Grass  Island Deep  Prospect:  Drilling on the 210-#6 well was
finished  in late  December  and casing was  subsequently  run to total depth of
approximately  12,000'.  Fortune and its  farmout  partners  have been  awaiting
testing of the well.  McMoRan Oil and Gas,  the farmee and operator of the well,
has advised the partners that it will not  participate in the test of this first
well but will  return  all  rights in the well to the  partners  so as to permit
prompt testing of the well by them.  Petro-Guard Company,  Inc. will operate the
testing and production of the well. The participating  partners will pay for all
future operations on the well,  including additional  facilities,  if necessary,
and will receive all future revenues from the well, if any.

         As  a  result  of  McMoRan's  decision,  Fortune  will  immediately  be
reconveyed its original 7.4% working  interest in the 210-#6 well.  McMoRan will
retain its  approximate  49% working  interest in the  3,200-acre  farmout  area
(except for the 210-#6 well). All participants  have agreed to share information
from this test with  McMoRan,  since it has the right to  participate  in future
wells on the balance of this acreage.

         Fortune has also been advised that permitting activities have commenced
for additional well  locations,  including a 16,000' test that the partners hope
to spud later this year. These well locations have been generated from Fortune's
and its partners' proprietary 3-D seismic survey of the bay.

         La Rosa - Refugio County, Texas - Onshore:

         LRU#46 Well:  This well was drilled and  completed  as a new  discovery
with  multiple pay zones.  The lowest zone in the well at approx.  6,160 ft. was
perforated and flowed  approximately 2 million cubic feet of natural gas per day
on  a  20/64"  choke.  The  well  is  currently  being  produced  at a  rate  of
approximately  1 million  cubic  feet per day.  Fortune  has an  18.75%  working
interest in the well.

         La Rosa C-6 Well:  The La Rosa C-6 well was spud on March 29,  2000 and
logged on April 5, 2000 as new discovery. The working interest owners elected to
complete  the well and  completion  activities  are underway in order to put the
well on production.  Fortune owns an 18.75% working interest in the well and its
share of the drilling cost was approximately $21,000.

         La Rosa C-7 Well: The next exploration well at La Rosa is the C-7 well.
The C-7 is  anticipated  to spud in  approximately  two weeks.  Fortune  owns an
18.75%  working  interest  in this  well and  expects  the  drilling  cost to be
approximately $20,000.

                                       2
Cadiz Area - Bee and Live Oak Counties, Texas - Onshore

         Brooks #1 Well:  Fortune and its  partners  farmed out a portion of the
working  interest in the Brooks #1 exploratory  well to Prime Energy  Management
Corporation at the end of March.  Fortune  farmed-out  three-quarters of its 15%
working  interest  in the  drilling  expense  and  received  a cash  payment  of
approximately  $10,000.  At  casing  point,  Fortune  will have an  election  to
participate in the completion.  If it elects to do so, Fortune will receive back
2.8125%  working  interest  at that time,  in addition  to the  remaining  3.75%
working interest it did not farmout. If the well is completed and Fortune elects
to participate,  Fortune will have a 6.5625%  working  interest in the well. The
well  is  scheduled  to spud  within  the  next  forty-five  days to a depth  of
approximately  10,000  feet to test a 3-D  seismic  anomaly  generated  from 3-D
seismic  licensed by Fortune.  The farmout also provides Prime with an option to
drill a second well on adjacent acreage on the same terms as the first well.

Louisiana Onshore Activity:

         Estherwood  Prospect  - Acadia  Parish,  Louisiana:  During  the fourth
quarter of 1999,  Fortune  participated in a re-completion  project  designed to
test a  previously  un-produced  sand lens in a  formerly  prolific  field,  now
abandoned. The re-completion was unsuccessful.  Fortune's share of the well cost
was approximately $57,000.

Mississippi Onshore Activity:

         Bacon Field Area - Chickasaw County, Mississippi:

         Brand  25-5  #1  Well:  The  previously  announced  Brand  24-5 #1 well
discovery,  drilled  late last  year,  was  fracture  stimulated  and  placed on
production  at  approximately  half a million cubic feet per day of natural gas.
Fortune has a 10% working interest in the discovery.

         Ivy #24-11 Well: The Ivy #24-11 was drilled in March 2000 and completed
as a new discovery.  Fortune owns a 10% working  interest in the well, which was
fracture  stimulated  this week. The operator  anticipates  the well should make
approximately  half a million cubic feet of natural gas per day, after flow back
of frac  fluids,  consistent  with the first two  successful  wells in the field
which Fortune participated in earlier.

         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:  April 12, 2000

                                       5