UNITED STATES               OMB APPROVAL
                                                           ---------------------
                       SECURITIES AND EXCHANGE COMMISSION   OMB NUMBER 3235-0058
                             WASHINGTON, D.C. 20549        Expires: May 31, 1997
                                                        Estimated average burden
                                   Form 12b-25          Hours per resonse...2.50
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                           NOTIFICATION OF LATE FILING      SEC FILE NUMBER
                                                                 0-7261
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                                                             CUSIP NUMBER
                                                            159420  20  7
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(Check One): |_|Form 10-K |_|Form 20-F |_|Form 11-K |X|Form 10-Q |_|Form N-SAR

              For Period Ended:    September 30, 2000
                                --------------------------
              [      ] Transition Report on Form 10-K
              [      ] Transition Report on Form 20-F
              [      ] Transition Report on Form 11-K
              [      ] Transition Report on Form 10-Q
              [      ] Transition Report on Form N-SAR

For the Transition Period Ended: _______________________________________________

Read Instructions (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commissions has
verified any information contained herein.


If the notification relates to a portion of the filing checked above, identify
the item (s) to which the notification relates:

PART I - REGISTRANT INFORMATION

Chaparral Resources, Inc.
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Full Name of Registrant


Former Name if Applicable

16945 Northchase Drive, Suite 1620
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Address of Principal Executive Office (Street and Number)

Houston, TX 77060
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City, State and Zip Code

PART II - Rules 12b-25(b) AND (c)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

     (a)  The reasons described in reasonable detail in Part III of this form
          could not be eliminated without unreasonable effort or expense;

  X  (b)  The subject annual report, semi-annual report, transition report on
          Form 10-K, Form 20-F, l l-K, or Form N-SAR, or portion thereof, will
          be filed on or before the fifteenth calendar day following the
          prescribed due date; or the subject quarterly report of transition
          report on Form 10-Q, or portion thereof will be filed on or before the
          fifth calendar day following the prescribed due date; and

     (c)  The accountant's statement or other exhibit required by Rule 12b-25(c)
          has been attached if applicable.



PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-K, l l-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period, (Attach Extra Sheets if Needed)

     Registrant owns an interest in oil and gas properties in a foreign country
through a subsidiary, which has a 50% interest in a foreign entity that owns the
interest in the oil and gas properties. The Registrant has been advised that
delays have been encountered in completing the financial information for such
entities. Therefore, the Registrant is unable to obtain the required financial
information for the quarter ended September 30, 2000, in order for the
Registrant's Quarterly Report on Form 10-Q to be filed within the prescribed
time period.

PART IV - OTHER INFORMATION

(l)  Name and telephone number of person to contact in regard to this
     notification

     Michael B. Young                       281             877-7100
     --------------------------------------------------------------------
          (Name)                         (Area Code)    (Telephone Number)

(2)  Have all other periodic reports required under Section 13 or l5(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter period that the
     registrant was required to file such report(s) been filed? If answer is no,
     identify report(s). |X| Yes a |_| No

Part III, Items 10-13 on the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 1999.

(3)  If it is anticipated that any significant change in results of operations
     from the corresponding period for the last fiscal year will be reflected by
     the earnings statement to be included in the subject report or portion
     thereof? |X| Yes |_| No

If so, attach an explanation of the  anticipated  change,  both  narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.

(3)  Registrant will report a net loss between $23,100,000 and $23,300,000 for
     the three months ended September 30, 2000, and reported a net loss of
     $639,000 for the three months ended September 30, 1999. The increase in the
     loss was primarily due to the September 2000 conversion of $20,846,000
     aggregate principal amount of the Company's 8% Non-Negotiable Convertible
     Promissory Notes ("Notes"), plus accrued interest, into 11,690,259 shares
     of the Company's common stock at an exercise price of $1.86 per share.
     Applying EITF 98-5, Accounting for Convertible Securities with Beneficial
     Conversion Features or Contingently Adjustable Conversion Ratios, the
     Company recorded additional debt discount upon conversion of the Notes
     equal to the face value of the Notes, less original discount, or
     $20,340,000. The additional discount was expensed immediately upon
     discharge of the underlying indebtedness. Otherwise, the Company's overall
     loss increased from the prior year due to increased operational activity in
     the Karakuduk Field, increased financing costs related to the Company's
     loan with Shell Capital, and application of EITF 99-10, Percentage Used to
     Determine the Amount of Equity Method Losses, which requires the
     recognition of 100% of the equity losses from the Registrant's foreign
     equity investee.




                            Chaparral Resources, Inc.
                   ------------------------------------------
                  (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date     November 15, 2000           By    /s/  Michael B. Young
                                           -------------------------------------
                                                 Treasurer & Controller

INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.


                                    ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal
Violations (See 18 U. S. C. 1001).