UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)     December 2, 2005

                           CHAPARRAL RESOURCES, INC.
              ----------------------------------------------------
             (Exact name of registrant as specified in its charter)




      DELAWARE                        0-7261                     84-0630863
 ------------------------------     ----------                -----------------
(State or other jurisdiction of    (Commission               (IRS Employer
    incorporation)                 File Number)              Identification No.)

                2 Gannett Drive, Suite 418 White Plains, New York   10604
                     --------------------------------------       --------
                    (Address of principal executive offices)     (Zip Code)



Registrant's telephone number, including area code (866) 559-3822
                                                  ----------------


         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 FR240.13e-c))




Item 5.01 Change In Control of Registrant

Effective December 5, 2005, the amalgamation of Nelson Resources Limited
("Nelson") with and into Caspian Resources Investments Ltd. ("Caspian"), a
wholly-owned subsidiary of Lukoil Overseas Holding Ltd. ("Lukoil Overseas") was
completed. As a result of the merger, Nelson has ceased to exist. Caspian, as
the surviving company became the owner of all the rights and property of Nelson
including beneficial ownership of 62.98% of the outstanding shares of the
Company. Accordingly, OAO Lukoil through its ownership of Lukoil Overseas and
Caspian is the new majority shareholder of the Company.

Item 5.02 Change In Directors of Registrant

Effective December 2, 2005, Mr. R. Frederick Hodder, Mr. Nicholas P. Greene and
Mr. Simon Gill, who had been employees of Nelson resigned from the Board of
Directors of the Company. Mr. Hodder also resigned as Chairman of the Board and
Mr. Gill as Chief Executive Officer and have not been replaced. Messrs. Hodder,
Greene and Gill have been replaced on the Board by Mr. Dmitry Timoshenko, Mr.
Oktay Movsumov, and Mr. Boris Zilbermints, who are employees of the LUKOIL
group.



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                            CHAPARRAL RESOURCES, INC.



Date:  December 8, 2005                     By:  /s/  Alan D. Berlin
                                               --------------------------------
                                                      Alan D. Berlin
                                                      Director and Secretary