TAURUS PETROLEUM INC
10-Q/A, 1995-09-28
CRUDE PETROLEUM & NATURAL GAS
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	FORM 10-Q/A



	SECURITIES AND EXCHANGE COMMISSION

	Washington, DC 20549
	QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
	OF THE SECURITIES EXCHANGE ACT OF 1934


(x) 	Quarterly report pursuant to Section 13 or 15(d) of the Securities
    	Exchange Act of 1934

	OR

( )   	Transition report pursuant to Section 13 or 15(d) of the Securities
      	Exchange Act of 1934



For Quarter Ended June 30, 1995                 Commission File Number 0-8835 


                TAURUS PETROLEUM, INC.            
(Exact name of registrant as specified in its charter)

            COLORADO                                                 84-0736215 
(State or other jurisdiction of                                  IRS Employer
incorporation or organization)                                Identification No.


10100 Reunion Place, Suite 630, San Antonio, TX.                        78216   
  (Address of Principal Executive offices)                            (Zip Code)

                       (210) 525-1599                       
(Registrant's telephone number, including area code)

Indicate by check whether the Registrant (1) has filed all reports required to 
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during 
the preceding 12 months (or for such shorter period that the registrant was 
required to file such reports), and (2) has been subject to such filing 
requirements for the past 90 days.  
Yes [X]        No [ ]  

As of August 10, 1995, 59,954,042 shares of the registrant's Common Stock were 
outstanding.

<PAGE>

                                SIGNATURES

     Pursuant to the requirements of Section 13 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.

TAURUS PETROLEUM, INC.


Date: September 28, 1995        By:  /s/ 	Thomas P. McDonnell            
                                    	Thomas P. McDonnell, President
                                    	and Treasurer and duly authorized 
	signatory on behalf of the Registrant


<PAGE>


                               INDEX TO EXHIBITS

(2)	Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession.

	Not applicable.

(4) 	Instruments Defining the Rights of Security Holders.

  	The form of Common Stock share certificate (Exhibit 4 to September 30, 1984, 
Annual Report on Form 10-K and Articles V, VI, VII and XIV of the Amended 
Articles of the Form 10-K for the Fiscal year ended September 30, 1986) is 
incorporated herein by reference.

(11)	Statement Regarding Computation of Per Share Earnings.  Not applicable.

(15)	Letter Regarding Unaudited Interim Financial Information.  Not applicable.

(16)	Letter Regarding Change in Certifying Accountant.  Not Applicable.

(18)	Letter Regarding Change in Accounting Principles.  Not applicable.

(19)	Previously Unfilled Documents.  Not applicable.

(20)	Report Furnished to Security Holders.  Not applicable.

(23)	Published Report Regarding Matters Submitted to Vote of Security Holders.  

	Not applicable.

(24)	Consent of Experts and Counsel.  Not applicable.

(25)	Power of Attorney.  Not applicable.

(27)  Financial Data Schedule

(28)	Additional Exhibits.  Not applicable.


<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                           3,507
<SECURITIES>                                         0
<RECEIVABLES>                                   62,911
<ALLOWANCES>                                    13,792
<INVENTORY>                                          0
<CURRENT-ASSETS>                                18,575
<PP&E>                                       2,199,326
<DEPRECIATION>                               1,885,881
<TOTAL-ASSETS>                                 384,646
<CURRENT-LIABILITIES>                          181,004
<BONDS>                                        101,454
<COMMON>                                        60,307
                                0
                                          0
<OTHER-SE>                                      41,881
<TOTAL-LIABILITY-AND-EQUITY>                   384,646
<SALES>                                        117,210
<TOTAL-REVENUES>                               124,356
<CGS>                                           98,836
<TOTAL-COSTS>                                  140,267
<OTHER-EXPENSES>                               121,888
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               8,135
<INCOME-PRETAX>                               (97,656)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (137,799)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (97,656)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0
        

</TABLE>


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