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 Report (Date of earliest event reported) March 25, 1998
(March 25, 1998)
HONDO OIL & GAS COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-8979 95-1998768
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
10375 Richmond Ave, Ste 900, Houston, Texas 77042
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 954-4600
_____________________________________________________________________
(Former name or former address, if changed since last report)
There are no exhibits to this report.
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Item 5. Other Events
The Registrant issued the following press release on March 25, 1998:
Hondo Oil & Gas Company (AMEX:HOG) reported that the preliminary results
of the current testing of the Opon No. 14 well have been disappointing.
Amoco Colombia, the operator, is continuing to test the well and analyze
the data. Additional information will be forthcoming once Amoco has
completed the testing operations and analysis of results.
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.
HONDO OIL & GAS COMPANY
Date: March 25, 1998 By: /s/ Stanton J. Urquhart
______________________________
Stanton J. Urquhart
Vice President
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