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 15, 2003







                          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 12. Results of Operations and Financial Condition

     (a) On December 11, 2003, Aspen Exploration Corporation issued a news
release, a copy of which is attached hereto as Exhibit 99.1.






                                    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 15, 2003                      By: /s/ Robert A. Cohan
                                                 -------------------------------
                                                      Robert A. Cohan, President
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{"company-data": {"conformed-name": "ASPEN EXPLORATION CORP", "cik": "0000319458", "assigned-sic": "1311", "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": "031055241"}, "business-address": {"street1": "2050 S. ONEIDA STREET", "street2": "SUITE 208", "city": "DENVER", "state": "CO", "zip": "80224", "phone": "303-639-9860"}, "mail-address": {"street1": "2050 S. ONEIDA STREET", "street2": "SUITE 208", "city": "DENVER", "state": "CO", "zip": "80224"}}
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 15, 2003

                          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 12. Results of Operations and Financial Condition

     (a) On December 11, 2003, Aspen Exploration Corporation issued a news
release, a copy of which is attached hereto as Exhibit 99.1.

                                    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 15, 2003                      By: /s/ Robert A. Cohan
                                                 -------------------------------
                                                      Robert A. Cohan, President