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 March 13, 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 5.   Other Events
          ------------  

     Extension of Warrants. The Board of Directors approved the extension of the
Expiration  Date of its Class A Warrants  from April 16,  1998 to April 16, 1999
and the Expiration Date of its Class B Warrants from April 16, 1998 to April 16,
1999.  Attached  hereto as Exhibit A and  incorporated  herein by reference is a
copy of the Tenth Amendment to the April 15, 1993 Warrant  Agreement between the
Company and the Warrant Agent.

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

     Exhibit A - Tenth Amendment to Warrant Agreement.




                                   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)


   March 13, 1998                            By: /s/  HAIM TSUFF
   --------------                                -------------------------------
      (date)                                          Haim Tsuff
                                                      Chairman of the Board


                                      - 2 -
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{"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": "98568360"}, "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 March 13, 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 5.   Other Events
          ------------  

     Extension of Warrants. The Board of Directors approved the extension of the
Expiration  Date of its Class A Warrants  from April 16,  1998 to April 16, 1999
and the Expiration Date of its Class B Warrants from April 16, 1998 to April 16,
1999.  Attached  hereto as Exhibit A and  incorporated  herein by reference is a
copy of the Tenth Amendment to the April 15, 1993 Warrant  Agreement between the
Company and the Warrant Agent.

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

     Exhibit A - Tenth Amendment to Warrant Agreement.

                                   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)

   March 13, 1998                            By: /s/  HAIM TSUFF
   --------------                                -------------------------------
      (date)                                          Haim Tsuff
                                                      Chairman of the Board

                                      - 2 -