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 Reported Events February 9, 1998



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

                                    Delaware
                             -----------------------
                            (State of Incorporation)

           1770 St.James Place, Houston, Texas 77056   Suite 607
           -----------------------------------------------------------
                    (Address of principal executive offices)

                                  713-621-3882
                                ----------------
                               (Telephone number)

             0-12500                                   13-3145265
        ------------------                         -------------------
        Commission File No.                        IRS Employer ID No.


                                

<PAGE>



Item 4. Changes in Registrant's Certifying Accountant
        ---------------------------------------------

     The Audit  Committee  of the  Company  recommended  to the  Board  that the
Company  terminate  the firm Richard A. Eisner & Company,  LLP as its  principal
auditors for the year ending 1997 and recommended Hein + Associates,  LLP as its
principal  auditors.  Effective  as of  February  9, 1998 the firm of Richard A.
Eisner & Company, LLP was terminated and the firm of Hein + Associates,  LLP was
appointed as the Company's principal auditors.

     There exists no  disagreements  between the Company and Richard A. Eisner &
Company,  LLP on any matter of accounting  principles  or  practices,  financial
statement disclosure, or audit scope or procedure.



Item 7. Exhibits 
        --------

     Exhibit A - Letter of Richard A. Eisner & Company, LLP.


 

                                   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.

                                    Isramco, Inc.
                                    (registrant)


   February 9, 1998                By: /s/  HAIM TSUFF
   ----------------                     ----------------------------------------
      (date)                                 Haim Tsuff
                                             Chairman of the Board

                                       -2-
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2841}]
{"company-data": {"conformed-name": "ISRAMCO INC", "cik": "0000719209", "assigned-sic": "1311", "irs-number": "133145265", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12500", "film-number": "98532747"}, "business-address": {"street1": "1770 ST JAMES PL", "street2": "STE 607", "city": "HOUSTON", "state": "TX", "zip": "77056", "phone": "7136213882"}, "mail-address": {"street1": "1770 ST JAMES PLACE", "street2": "SUITE 607", "city": "HOUSTON", "state": "TX", "zip": "77056"}}
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 Reported Events February 9, 1998

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

                                    Delaware
                             -----------------------
                            (State of Incorporation)

           1770 St.James Place, Houston, Texas 77056   Suite 607
           -----------------------------------------------------------
                    (Address of principal executive offices)

                                  713-621-3882
                                ----------------
                               (Telephone number)

             0-12500                                   13-3145265
        ------------------                         -------------------
        Commission File No.                        IRS Employer ID No.
Item 4. Changes in Registrant's Certifying Accountant
        ---------------------------------------------

     The Audit  Committee  of the  Company  recommended  to the  Board  that the
Company  terminate  the firm Richard A. Eisner & Company,  LLP as its  principal
auditors for the year ending 1997 and recommended Hein + Associates,  LLP as its
principal  auditors.  Effective  as of  February  9, 1998 the firm of Richard A.
Eisner & Company, LLP was terminated and the firm of Hein + Associates,  LLP was
appointed as the Company's principal auditors.

     There exists no  disagreements  between the Company and Richard A. Eisner &
Company,  LLP on any matter of accounting  principles  or  practices,  financial
statement disclosure, or audit scope or procedure.

Item 7. Exhibits 
        --------

     Exhibit A - Letter of Richard A. Eisner & Company, LLP.

 

                                   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.

                                    Isramco, Inc.
                                    (registrant)

   February 9, 1998                By: /s/  HAIM TSUFF
   ----------------                     ----------------------------------------
      (date)                                 Haim Tsuff
                                             Chairman of the Board

                                       -2-