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) May 18, 1995
_________________
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)
110 Rue Jean Lafitte
Lafayette, Louisiana 70508
(Address of Principal Executive Offices)
318-237-0325
(Registrant's Telephone Number, Including Area Code)
Item 5. Other Events.
On May 18, 1995, XCL Ltd. (the "Company") sold all of its
undivided 7/9ths interest in and to 11,600 gross acres,
comprising the Phoenix Lake Tract in southwestern Louisiana, for
$2,337,104, less expenses of $37,011, with the Company retaining
75 percent of its mineral interest. The purchase price was
comprised of net cash of $1,769,632 and a $530,461 reduction in
obligations owed by the Company to the purchaser.
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.
May 25, 1995 /s/ David A. Melman
______________ By:_______________________________
Date David A. Melman
Executive Vice President
