SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Earliest Reported Events November 23, 1998
ISRAMCO, INC.
-------------
(Exact name of registrant as specified in charter)
Delaware
--------
(State of Incorporation)
1770 St. James Place, Houston, Texas 7705 Suite 607
----------------------------------------------------
(Address of principal executive offices)
713-621-3882
------------
(Telephone number)
0-12500 13-3145265
------- ----------
Commission File No. IRS Employer ID No.
<PAGE>
Item 4. Changes in Registrant's Certifying Accountant
---------------------------------------------
On November 23, 1998 the firm of Hein + Associates LLP, the Company's
principal auditors resigned. The Audit Committee of the Board of Directors is
presently having discussions with other auditing firms for appointment as the
Company's auditors.
There exists no disagreements between the Company and Hein + Associates LLP
on any matter of accounting principles or practices, financial statement
disclosure, or audit scope or procedure.
Item 5. Other Events
------------
The Company has received a Nasdaq Delisting Notice for its Class A and
Class B Warrants on the Nasdaq SmallCap Market. The reason for delisting of the
Class A and Class B Warrants stated by Nasdaq Listing Qualifications was the
failure of the Company's Warrants to maintain a minimum of two active market
makers. To be eligible for continual listing, all securities must maintain a new
minimum of two active market makers.
The Company does not intend to appeal this decision by Nasdaq.
Item 7. Exhibits
--------
Exhibit A - Letter of Hein + Associates LLP.
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.
Isramco, Inc.
(registrant)
November 24, 1998 By: /s/ Haim Tsuff
- --------------------- ---------------------------------
(date) Haim Tsuff
Chairman of the Board
- 2 -
HEIN + ASSOCIATES LLP
Certified Public Accountants and Consultants
with offices in Denver, Dallas and Los Angeles
- --------------------------------------------------------------------------------
November 23, 1998
Haim Tsuff
Chairman of the Board
Isramco, Inc.
1770 St. James Place, Ste. 607
Houston, Texas 77056
Dear Mr. Tsuff:
This is to confirm that the client-auditor relationship between Isramco, Inc.
(Commission File No. 0-12500) and Hein + Associates LLP has ceased.
Respectfully,
/s/ Hein + Associates LLP
- -------------------------------
Hein + Associates LLP
c: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, D.C. 20549
