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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000025743-02-000006.txt : 20020923
<SEC-HEADER>0000025743-02-000006.hdr.sgml : 20020923
<ACCEPTANCE-DATETIME>20020923171520
ACCESSION NUMBER:		0000025743-02-000006
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20011231
FILED AS OF DATE:		20020923

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CROFF ENTERPRISES INC
		CENTRAL INDEX KEY:			0000025743
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870233535
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16731
		FILM NUMBER:		02770324

	BUSINESS ADDRESS:	
		STREET 1:		621 17TH ST
		STREET 2:		SUITE 830
		CITY:			DENVER
		STATE:			CO
		ZIP:			80293
		BUSINESS PHONE:		3033831555

	MAIL ADDRESS:	
		STREET 1:		621 17TH STREET, SUITE 830
		STREET 2:		SUITE 830
		CITY:			DENVER
		STATE:			CO
		ZIP:			80293

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROFF OIL CO
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CROFF ENTERPRISES INC
		CENTRAL INDEX KEY:			0000025743
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		RELATIONSHIP:				DIRECTOR
		IRS NUMBER:				870233535
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		621 17TH ST
		STREET 2:		SUITE 830
		CITY:			DENVER
		STATE:			CO
		ZIP:			80293
		BUSINESS PHONE:		3033831555

	MAIL ADDRESS:	
		STREET 1:		621 17TH STREET, SUITE 830
		STREET 2:		SUITE 830
		CITY:			DENVER
		STATE:			CO
		ZIP:			80293

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CROFF OIL CO
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rf4-dm1201.txt
<DESCRIPTION>RICHARD MANDEL, DIRECTOR
<TEXT>




                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[_]  Check box if no longer  subject of Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

________________________________________________________________________________
1.   Name and Address of Reporting Person*

Mandel 				   Richard
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)
3333 E. Florida Avenue #94
- --------------------------------------------------------------------------------
                                    (Street)

Denver                            Colorado              80210
- --------------------------------------------------------------------------------
   (City)                           (State)              (Zip)


________________________________________________________________________________
2.   Issuer Name and Ticker or Trading Symbol


Croff Enterprises, Inc.
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)


N/A
________________________________________________________________________________
4.   Statement for Month/Year

December 2001
________________________________________________________________________________
5.   If Amendment, Date of Original (Month/Year)

N/A
================================================================================
6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [X]  Director                             [_]  10% Owner
     [_]  Officer (give title below)           [_]  Other (specify below)
________________________________________________________________________________
7.   Individual or Joint/Group Filing (Check applicable line)

     [X]  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
________________________________________________________________________________


================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                          6.
                                                        4.                              5.             Owner-
                                                        Securities Acquired (A) or      Amount of      ship
                                      3.                Disposed of (D)                 Securities     Form:     7.
                                      Transaction       (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                     2.               Code              ------------------------------- Owned at End   (D) or    Indirect
1.                   Transaction      (Instr. 8)                 (A)                    of Month       Indirect  Beneficial
Title of Security    Date             ------------      Amount   or      Price          (Instr. 3     (I)       Ownership
(Instr. 3)           (mm/dd/yy)       Code   V                   (D)                    and 4)        (Instr.4) (Instr. 4)
- ---------------------------------------------------------------------------------------------------------------------------------
<S>                   <C>             <C>    <C>        <C>      <C>      <C>           <C>           <C>         <C>


Common Stock          12/15/01          N               10,000 (1)    A        $1.00       10,100         D           N/A
- -----------------------------------------------------------------------------------------------------------------------------------
							(1) Exercise of Director's warrants listed on next page.
- -----------------------------------------------------------------------------------------------------------------------------------

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===================================================================================================================================
</TABLE>
*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

                            (Print or Type Responses)
                                                                          (Over)
(Form 4-07/99)



FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Code     of(D)         (Month/Day/Year)          Amount    ative    at End    In-      ficial
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------          or        Secur-   of        direct   Owner-
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-          Number    ity      Month     (I)      ship
Security            Secur-   Day/     ------   ------------  Exer-    tion             of        (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)    (D)   cisable  Date     Title   Shares    5)        4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>  <C>  <C>     <C>   <C>      <C>      <C>      <C>        <C>      <C>     <C>      <C>
Directors
Stock Warrant*   $1.00/share  12/15/01  N      10,000   N/A  1/1/95  12/31/01  Common stock 10,000 $1.00/share 0      D         N/A
- ------------------------------------------------------------------------------------------------------------------------------------
     *Director warrants to acquire common stock expiring 12/31/01
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>

Explanation of Responses:


/s/  Richard Mandel	                                   09/20/02
- ---------------------------------------------            -----------------------
    Richard Mandel	                                      Date


**     Intentional misstatements or omissions of facts constitute Federal
       Criminal Violations.

       See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.



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