COASTAL CARIBBEAN OILS & MINERALS LTD
8-K, 1997-03-21
CRUDE PETROLEUM & NATURAL GAS
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                                  United States
                       SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.

                                    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) March 20, 1997


                     Coastal Caribbean Oils & Minerals, Ltd.
             (Exact name of registrant as specified in its charter)


         Bermuda                      1-4668                        NONE
State or other jurisdiction        (Commission                 (IRS Employer
     of incorporation)              File Number)             Identification No.)


Clarendon House, Church Street, Hamilton HM DX, BERMUDA              NONE
         (Address of principal executive offices)                 (Zip Code)


        Registrant's telephone number, including area code (441) 295-1422


         (Former name or former address, if changed since last report.)



<PAGE>


                                                         
                                    FORM 8-K

                     COASTAL CARIBBEAN OILS & MINERALS, LTD.





Item 5.   Other Events

                 On  March  20,  1997,  Mr. C. Dean Reasoner, 79, resigned as a
director of the Company for health related reasons.



<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 thereunto duly authorized.

                                         COASTAL CARIBBEAN OILS & MINERALS, LTD.
                                                       (Registrant)



                                         By /s/ James R. Joyce
                                                James R. Joyce
                                                Treasurer


Date:  March 21, 1997



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