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: July 23, 1997



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

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

             575 Madison Avenue, New York, New York 10022 Suite 1006
             -------------------------------------------------------
                    (Address of principal executive offices)

                                  212-605-0417
                                ----------------
                               (Telephone number)

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


                                   
<PAGE>



Item 5.  Other Events
         -------------


     A. On July 15, 1997, Yuval Ran has resigned as President of the Company.
                  
     B. On July 23, 1997,  the Company  elected  Daniel Avner to the position of
President.  Mr. Avner  presently  holds the position of Secretary of the Company
and is a member  of the  Board of  Directors.  Mr.  Avner  holds a BA  Degree in
Accounting  and  Economics  from the  University  of Tel Aviv and a  Masters  of
Business Administration from Duke University and since 1992 has been the General
Manager of E.D.R.  GMBH Co., a company which engages in investment,  development
and management of residential property in Germany.

     C. On July 23,  1997,  Avihu  Ginzburg,  Ph.D.,  a resident of Israel,  was
elected a director of the Company.  Dr. Ginzburg is currently Emeritus Professor
in Geophysics and Planetary Science at Tel Aviv University;  Visiting  Professor
in  Exploration/Geophysics,  Curtin University Perth,  Western  Australia;  and,
Research Fellow Geological Sciences University College, London. From 1992 - 1995
Dr.  Ginzburg held the position of Chairman of Geophysics and Planetary  Science
at Tel Aviv University.

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

     None.

                                      - 2 -
                                   
<PAGE>


                                   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)


   July 23, 1997                             By:  /s/  HAIM TSUFF
   -------------                                  ------------------------------
      (date)                                      Haim Tsuff
                                                  Chairman of the Board


                                      - 3 -
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3337}]
{"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": "97648407"}, "business-address": {"street1": "575 MADISON AVENUE", "street2": "SUITE 1006", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2126050417"}}
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: July 23, 1997

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

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

             575 Madison Avenue, New York, New York 10022 Suite 1006
             -------------------------------------------------------
                    (Address of principal executive offices)

                                  212-605-0417
                                ----------------
                               (Telephone number)

                 0-12500                                13-3145265
            -------------------                     -------------------
            Commission File No.                     IRS Employer ID No.
Item 5.  Other Events
         -------------

     A. On July 15, 1997, Yuval Ran has resigned as President of the Company.
                  
     B. On July 23, 1997,  the Company  elected  Daniel Avner to the position of
President.  Mr. Avner  presently  holds the position of Secretary of the Company
and is a member  of the  Board of  Directors.  Mr.  Avner  holds a BA  Degree in
Accounting  and  Economics  from the  University  of Tel Aviv and a  Masters  of
Business Administration from Duke University and since 1992 has been the General
Manager of E.D.R.  GMBH Co., a company which engages in investment,  development
and management of residential property in Germany.

     C. On July 23,  1997,  Avihu  Ginzburg,  Ph.D.,  a resident of Israel,  was
elected a director of the Company.  Dr. Ginzburg is currently Emeritus Professor
in Geophysics and Planetary Science at Tel Aviv University;  Visiting  Professor
in  Exploration/Geophysics,  Curtin University Perth,  Western  Australia;  and,
Research Fellow Geological Sciences University College, London. From 1992 - 1995
Dr.  Ginzburg held the position of Chairman of Geophysics and Planetary  Science
at Tel Aviv University.

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

     None.

                                      - 2 -
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)

   July 23, 1997                             By:  /s/  HAIM TSUFF
   -------------                                  ------------------------------
      (date)                                      Haim Tsuff
                                                  Chairman of the Board

                                      - 3 -