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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000788965-97-000005.txt : 19970724
<SEC-HEADER>0000788965-97-000005.hdr.sgml : 19970724
ACCESSION NUMBER:		0000788965-97-000005
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19970721
ITEM INFORMATION:		Other events
FILED AS OF DATE:		19970723
SROS:			NASD

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HALLADOR PETROLEUM CO
		CENTRAL INDEX KEY:			0000788965
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				841014610
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14731
		FILM NUMBER:		97643960

	BUSINESS ADDRESS:	
		STREET 1:		1660 LINCOLN ST STE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264
		BUSINESS PHONE:		3038395505

	MAIL ADDRESS:	
		STREET 1:		1660 LINCOLN STREET
		STREET 2:		SUITE 2700
		CITY:			DENVER
		STATE:			CO
		ZIP:			80264

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK OIL & GAS CO /CO/
		DATE OF NAME CHANGE:	19900102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KIMBARK INC
		DATE OF NAME CHANGE:	19860624
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>FORM 8-K FOR YORKTOWN ENERGY INVESTMENT
<TEXT>

                              UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                                FORM 8-K

Pursuant to Section 13, or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): July 22, 1997
                                                 (July 21, 1997)


                       HALLADOR PETROLEUM COMPANY                   
        (Exact name of registrant as specified in its charter)


 
        COLORADO                       0-14731            84-1014610 
(State or other jurisdiction of      (Commission        (IRS Employer
incorporation or organization)       File Number)     Identification No.)


          1660 Lincoln St., Suite 2700, Denver, Colorado 80264       
                (Address of principal executive offices)  



      303-839-5504                                   FAX 303-832-3013  
                       (Issuer's telephone number)



                                    N/A                                    
     (Former name or former address, if changed since last report)


                       This report contains 3 pages. 

                                 Page 1 

<PAGE>

ITEM 5.  OTHER EVENTS (SEE PRESS RELEASE BELOW)




FOR IMMEDIATE RELEASE                                 NEWS RELEASE


                                                                           
                                      CONTACT:  VICTOR P. STABIO, PRESIDENT
                                                (303) 839-5504


         YORKTOWN ENERGY PARTNERS II INVESTS $5 MILLION IN HALLADOR


        July 18, 1997, Denver, Colorado. --  Hallador Petroleum Company
announced today Yorktown Energy Partners II and affiliates invested
$5,000,000 in Hallador Petroleum, LLP, a newly formed limited liability
partnership for which the Company will be the general partner and have a 70%
interest in return for contributing its net assets and Yorktown will be the
limited partners and have a 30% interest in return for its cash investment.

        The Company's current board of directors will comprise the executive
committee of the partnership.

        Mr. Stabio, CEO, stated, "The additional cash will allow the Company
to expand in its focus areas of California, the Williston Basin of Montana
and North Dakota and the Big Horn Basin of Wyoming."

        Mr. Stabio also announced that on July 7th, Roderick V. Smith joined
the Company as Vice-President.  Mr. Smith, an attorney and landman, has over
20 years experience in the oil and gas business, primarily in the Rocky
Mountain region.

        The Company, headquartered in Denver, is publicly traded on the OTC
Bulletin Board (HPCO) and its public filings are available on the internet
via the SEC's website at www.sec.gov.



                                Page 2
<PAGE>


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant had duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                               SIGNATURE


                                   HALLADOR PETROLEUM COMPANY



Date:  July 22, 1997               By: /s/ VICTOR P. STABIO
                                       Chief Executive Officer and
                                       Chief Financial Officer

                                       Signing on behalf of the 
                                       registrant and as principal 
                                       financial and accounting officer.














                                                              Page 3












</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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