SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K


                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934



                        Date of Report December 17, 1997
                                       -----------------



                          ASPEN EXPLORATION CORPORATION
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)



    Delaware                         0-9494                      84-0811316
----------------                  -----------                -------------------
(State or other                   (Commission                (I.R.S. Employer
 jurisdiction of                  File Number)               Identification No.)
 Incorporation)






                 2050 S. Oneida St., Suite 208, Denver, CO 80224
                 -----------------------------------------------




                   Registrant's telephone number 303-639-9860
                                                 ------------




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





<PAGE>



Item 1. Changes in Control of Registrant
----------------------------------------

     None.

Item 2. Acquisition or Disposition of Assets
--------------------------------------------

     None.

Item 3. Bankruptcy or Receivership
----------------------------------

     None.

Item 4. Changes in Accountants
------------------------------

     Holben,  Boak,  Cooper  & Co.,  formerly  independent  accountants  for the
Registrant,  resigned  as  auditor  on  December  3,  1997  due to  the  pending
dissolution of the accounting firm.

     No  audits  have  been  completed  for the last  two  fiscal  years  due to
inadequate cash flow; however, no disagreements exist with any former accountant
on any  matter  of  accounting  principles  or  practices,  financial  statement
disclosure, or auditing scope of procedure,  which disagreements if not resolved
to the  satisfaction  of the former  accountant,  would have  caused him to make
reference  in  connection   with  his  report  to  the  subject  matter  of  the
disagreement(s) had audits been performed.

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

     None.

Item 6. Resignation of Directors
--------------------------------

     None.

Item 7. Financial Statements Pro Forma Financial & Exhibits
-----------------------------------------------------------

     Not applicable.




<PAGE>



Item 8. Exhibits
----------------

     One,  Exhibit "A",  Holben,  Boak,  Cooper & Co. letter to  Securities  and
Exchange Commission dated December 17, 1997.


                                    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 hereunto duly authorized.



                                        ASPEN EXPLORATION CORPORATION




Date:  December 17, 1997                By: /s/  R. V. Bailey
                                           -------------------------------------
                                           R. V. Bailey, President
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 3431}]
{"company-data": {"conformed-name": "ASPEN EXPLORATION CORP", "cik": "0000319458", "assigned-sic": "6795", "irs-number": "840811316", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-09494", "film-number": "97739604"}, "business-address": {"street1": "2050 S. ONEIDA STREET", "street2": "SUITE 208", "city": "DENVER", "state": "CO", "zip": "80224", "phone": "303-639-9860"}, "mail-address": {"street1": "7925 E HARVARD AVENUE", "street2": "SUITE A", "city": "DENVER", "state": "CO", "zip": "80231"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934

                        Date of Report December 17, 1997
                                       -----------------

                          ASPEN EXPLORATION CORPORATION
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)

    Delaware                         0-9494                      84-0811316
----------------                  -----------                -------------------
(State or other                   (Commission                (I.R.S. Employer
 jurisdiction of                  File Number)               Identification No.)
 Incorporation)

                 2050 S. Oneida St., Suite 208, Denver, CO 80224
                 -----------------------------------------------

                   Registrant's telephone number 303-639-9860
                                                 ------------

                                       N/A
          ------------------------------------------------------------
         (Former name or former address, if changed since last report.)
Item 1. Changes in Control of Registrant
----------------------------------------

     None.

Item 2. Acquisition or Disposition of Assets
--------------------------------------------

     None.

Item 3. Bankruptcy or Receivership
----------------------------------

     None.

Item 4. Changes in Accountants
------------------------------

     Holben,  Boak,  Cooper  & Co.,  formerly  independent  accountants  for the
Registrant,  resigned  as  auditor  on  December  3,  1997  due to  the  pending
dissolution of the accounting firm.

     No  audits  have  been  completed  for the last  two  fiscal  years  due to
inadequate cash flow; however, no disagreements exist with any former accountant
on any  matter  of  accounting  principles  or  practices,  financial  statement
disclosure, or auditing scope of procedure,  which disagreements if not resolved
to the  satisfaction  of the former  accountant,  would have  caused him to make
reference  in  connection   with  his  report  to  the  subject  matter  of  the
disagreement(s) had audits been performed.

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

     None.

Item 6. Resignation of Directors
--------------------------------

     None.

Item 7. Financial Statements Pro Forma Financial & Exhibits
-----------------------------------------------------------

     Not applicable.
Item 8. Exhibits
----------------

     One,  Exhibit "A",  Holben,  Boak,  Cooper & Co. letter to  Securities  and
Exchange Commission dated December 17, 1997.

                                    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 hereunto duly authorized.

                                        ASPEN EXPLORATION CORPORATION

Date:  December 17, 1997                By: /s/  R. V. Bailey
                                           -------------------------------------
                                           R. V. Bailey, President