content: SECURITIES AND EXCHANGE COMMISSION
                        Washington, DC  20549
  
  
  
                              FORM 8-K
  
  
                       Current Report Pursuant
                    to Section 13 or 15(d) of the
                   Securities Exchange Act of 1934
  
  
  Date of report (Date of earliest event reported)      December 2, 1999
  
             __________________________________________
  
  
                              XCL LTD.
       (Exact Name of Registrant as Specified in Its Charter)
  
  
                              Delaware
           (State or other Jurisdiction of Incorporation)
  
  
       1-10669                                   51-0305643
  (Commission File Number)                    (I.R.S. Employer
                                            Identification Number)
  
  
                     Petroleum Tower,  Suite 400
                   3639 Ambassador Caffery Parkway
                     Lafayette, Louisiana 70503
              (Address of Principal Executive Offices)
  
  
                            318-989-0449
        (Registrant's Telephone Number, Including Area Code)
  
  
  
  
  Item 5.     Other Events.
  
       On  December  2,  1999, the Company issued a  press  release
  announcing  that  the  American Stock Exchange  ("AMEX")  Listing
  Qualifications Group has decided,  subject to the Company's right
  to  appeal  to  an  Exchange committee, to delist  the  Company's
  Common  Stock  from  the  AMEX  because  the  Company  no  longer
  satisfies all listing guidelines.  The Company has exercised  its
  right  to appeal and requested a hearing.   The Company's  Common
  Stock  will  continue  to  trade on the  AMEX,  pending  a  final
  decision.  Should the AMEX listing end, the Company will take the
  steps required to qualify its shares for trading in the over-the-
  counter market.
  
  
  
                             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.
  
  
                                          XCL LTD.
  
       December 3, 1999                     /s/ Lisha C. Falk
  _________________________         By:_______________________________
               Date                 Name:     Lisha C. Falk
                                    Title:   Corporate Secretary
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2306}]
metadata_filer: {"company-data": {"conformed-name": "XCL LTD", "cik": "0000720676", "assigned-sic": "1311", "irs-number": "510305643", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10669", "film-number": "99768580"}, "business-address": {"street1": "PETROLEUM TOWER, SUITE 400", "street2": "3639 AMBASSADOR CAFFERY PARKWAY", "city": "LAFAYETTE", "state": "LA", "zip": "70503", "phone": "3189890449"}, "mail-address": {"street1": "PETROLEUM TOWER, SUITE 400", "street2": "3639 AMBASSADOR CAFFERY PARKWAY", "city": "LAFAYETTE", "state": "LA", "zip": "70503"}, "former-company": [{"former-conformed-name": "EXPLORATION CO OF LOUISIANA INC", "date-changed": "19920703"}, {"former-conformed-name": "EXPLORATION COMPANY OF LOUISIANA INC", "date-changed": "19920128"}]}
text: SECURITIES AND EXCHANGE COMMISSION
                        Washington, DC  20549
  
                              FORM 8-K
  
                       Current Report Pursuant
                    to Section 13 or 15(d) of the
                   Securities Exchange Act of 1934
  
  Date of report (Date of earliest event reported)      December 2, 1999
  
             __________________________________________
  
                              XCL LTD.
       (Exact Name of Registrant as Specified in Its Charter)
  
                              Delaware
           (State or other Jurisdiction of Incorporation)
  
       1-10669                                   51-0305643
  (Commission File Number)                    (I.R.S. Employer
                                            Identification Number)
  
                     Petroleum Tower,  Suite 400
                   3639 Ambassador Caffery Parkway
                     Lafayette, Louisiana 70503
              (Address of Principal Executive Offices)
  
                            318-989-0449
        (Registrant's Telephone Number, Including Area Code)
  
  Item 5.     Other Events.
  
       On  December  2,  1999, the Company issued a  press  release
  announcing  that  the  American Stock Exchange  ("AMEX")  Listing
  Qualifications Group has decided,  subject to the Company's right
  to  appeal  to  an  Exchange committee, to delist  the  Company's
  Common  Stock  from  the  AMEX  because  the  Company  no  longer
  satisfies all listing guidelines.  The Company has exercised  its
  right  to appeal and requested a hearing.   The Company's  Common
  Stock  will  continue  to  trade on the  AMEX,  pending  a  final
  decision.  Should the AMEX listing end, the Company will take the
  steps required to qualify its shares for trading in the over-the-
  counter market.
  
                             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.
  
                                          XCL LTD.
  
       December 3, 1999                     /s/ Lisha C. Falk
  _________________________         By:_______________________________
               Date                 Name:     Lisha C. Falk
                                    Title:   Corporate Secretary