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
