UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                                                SEC FILE NUMBER
                                   Form 12b-25                      0-7261

                           NOTIFICATION OF LATE FILING            CUSIP NUMBER
                                                                 159420  20  7

(Check One): |_|Form 10-K |_|Form 20-F |_|Form 11-K |X|Form 10-Q |_|Form N-SAR

                      For Period Ended: September 30, 2001
                                        ------------------
                       [ ] 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 Commission has
                   verified any information contained herein.


lf 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.
- --------------------------------------------------------------------------------
Full Name of Registrant


Former Name if Applicable

16945 Northchase Drive, Suite 1620
- --------------------------------------------------------------------------------
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)

                                  See attached

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  |_| No


(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.

                                  See attached



                            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, 2001                       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).




                         ATTACHMENT PAGE TO FORM 12b-25
                            CHAPARRAL RESOURCES, INC.


PART III - NARRATIVE

     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, 2001, in order for the
Registrant's Quarterly Report on Form 10-Q to be filed within the prescribed
time period.

PART IV - OTHER INFORMATION

(3)  Registrant expects to report a net loss between $1,400,000 and $1,600,000
     for the three months ended September 30, 2001, and reported a net loss of
     $23,114,000 for the three months ended September 30, 2000. The decrease in
     the loss was primarily due to the September 2000 conversion of $20,846,000
     in 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 decreased from the prior year due to increased equity income from
     investment based upon revenues generated from the sale of hydrocarbons from
     the Karakuduk Field.