-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CArPDqR9klgaNh24EAIPWnKpXbai6CPHqdXfMzJx+h2aYnTJkZFiicfaNGIPDLeD
 MiFH1T5zmIzXfHwuw9SHZA==

<SEC-DOCUMENT>0001188112-04-001025.txt : 20040701
<SEC-HEADER>0001188112-04-001025.hdr.sgml : 20040701
<ACCEPTANCE-DATETIME>20040701170145
ACCESSION NUMBER:		0001188112-04-001025
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040602
FILED AS OF DATE:		20040701

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISRAMCO INC
		CENTRAL INDEX KEY:			0000719209
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				133145265
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1770 ST JAMES PL
		STREET 2:		STE 607
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056
		BUSINESS PHONE:		7136213882

	MAIL ADDRESS:	
		STREET 1:		1770 ST JAMES PLACE
		STREET 2:		SUITE 607
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77056

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Naptha Holding, LTD
		CENTRAL INDEX KEY:			0001294555
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-12500
		FILM NUMBER:		04895869

	BUSINESS ADDRESS:	
		STREET 1:		8 GRANIT ST
		STREET 2:		P O BOX 10188
		CITY:			PETACH-TIKVA
		STATE:			L3
		ZIP:			49002
		BUSINESS PHONE:		972-3-922-9225

	MAIL ADDRESS:	
		STREET 1:		8 GRANIT ST
		STREET 2:		P O BOX 10188
		CITY:			PETACH-TIKVA
		STATE:			L3
		ZIP:			49002
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>t3108_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-06-02</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000719209</issuerCik>
        <issuerName>ISRAMCO INC</issuerName>
        <issuerTradingSymbol>ISRL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001294555</rptOwnerCik>
            <rptOwnerName>Naptha Holding, LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>8 GRANIT ST</rptOwnerStreet1>
            <rptOwnerStreet2>P O BOX 10188</rptOwnerStreet2>
            <rptOwnerCity>PETACH-TIKVA</rptOwnerCity>
            <rptOwnerState>L3</rptOwnerState>
            <rptOwnerZipCode>49222</rptOwnerZipCode>
            <rptOwnerStateDescription>ISRAEL</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-06-02</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>6.20</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1315222</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Following the reported transaction, the reporting party holds approximately 49.85% of the issued and outstanding common stock
 of the Issuer.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Yossi Levy</signatureName>
        <signatureDate>2004-06-30</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----