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
                                                        -----------------------
                           NOTIFICATION OF LATE FILING      SEC FILE NUMBER
                                                                 0-7261
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                                                             CUSIP NUMBER
                                                            159420  20  7
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(Check One): |X|Form 10-K | |Form 20-F | |Form 11-K | |Form 10-Q | |Form N-SAR

              For Period Ended:    December 31, 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 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, ll-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, ll-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)  Is it 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     April 2, 2002                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 obtaining certain information that may affect
the completion of the financial information for such entities. Therefore, the
Registrant is unable to obtain all of the required financial information for the
year ended December 31, 2001, in order for the Registrant's Annual Report on
Form 10-K to be filed within the prescribed time period.

PART IV - OTHER INFORMATION

     (3) Registrant will report a net loss between $15,700,000 and $17,900,000
for the twelve months ended December 31, 2001, and reported a net loss of
$26,803,000 for the twelve months ended December 31, 2000. The decrease in the
loss was primarily due to a non-cash charge of approximately $20.34 million of
interest expense recognized during 2000 upon the conversion of $20.85 million of
the Company's notes into 11,690,259 shares of the Company's common stock at a
conversion price of $1.86 per share. The conversion feature of the notes was a
"beneficial conversion feature" as addressed in EITF 98-5, Accounting for
Convertible Securities with Beneficial Conversion Features or Contingently
Adjustable Conversion Ratios, whereby a portion of the proceeds received from
the notes was allocable to the conversion feature contained therein. Otherwise,
the Company's overall loss increased from the prior year due to increased
financing costs related to the Company's loan with Shell Capital, partially
offset by increases in net income from oil and gas operations in the Karakuduk
Field recognized by the Company's equity investee, Karakudukmunay, JSC ("KKM").