<PAGE>  1
=============================================================================


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

                                  FORM 10-Q

[X]             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                 For the quarterly period ended June 30, 1997

[ ]             TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934
              For the transition period from        to 
                                              -----    -----

                       Commission File Number:  000-26354

                            LOGAN INTERNATIONAL CORP.
           (Exact name of Registrant as specified in its charter)

                   Washington                               91-1636980
       (State or other jurisdiction of                   (I.R.S. Employer
        incorporation or organization)                   Identification No.)

    #108 - 1201 SW 7th Street, P.O. Box 860, Renton WA      98055-0860
         (Address of principal executive offices)           (Zip Code)

                                (206) 271-3350
              (Registrant's telephone number, including area code)

Indicate by check mark whether the Registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months (or for such shorter period that the 
Registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days.  Yes   X   No 
                                                    -----    -----

Indicate the number of shares outstanding of each of the Registrant's classes 
of common stock, as of the latest practicable date:
<TABLE>
<CAPTION>

              Class                   Outstanding at August 11, 1997
              -----                   ------------------------------
          <S>                         <C>
          Common Stock, $0.01                    10,837,808
              par value
</TABLE>


=============================================================================




<PAGE>  2

FORWARD-LOOKING STATEMENTS

Statements in this report, to the extent that they are not based on 
historical events, constitute forward-looking statements.  Forward-looking 
statements include, without limitation, statements regarding the outlook for 
future operations, forecasts of future costs and expenditures, evaluation of 
market conditions, the outcome of legal proceedings, the adequacy of 
reserves, or other business plans.  Investors are cautioned that forward-
looking statements are subject to an inherent risk that actual results may 
vary materially from those described herein.  Factors that may result in such 
variance, in addition to those accompanying the forward-looking statements, 
include changes in interest rates, prices and other economic conditions; 
actions by competitors; natural phenomena; actions by government and 
regulatory authorities; uncertainties associated with legal proceedings; 
technological development; future decisions by management in response to 
changing conditions; and misjudgments in the course of preparing forward-
looking statements.


                          PART I.  FINANCIAL INFORMATION
                                   ---------------------

ITEM 1.  FINANCIAL STATEMENTS




                             LOGAN INTERNATIONAL CORP.

                         CONSOLIDATED FINANCIAL STATEMENTS

                       FOR THE SIX MONTHS ENDED JUNE 30, 1997


                                     (Unaudited)


















                                       2

<PAGE>  3
                                      LOGAN INTERNATIONAL CORP.
                                     Consolidated Balance Sheets
                                             (Unaudited)
                                        (dollars in thousands)
<TABLE>
<CAPTION>
                                                      June 30, 1997      December 31, 1996
                                                      -------------      -----------------
                                                                              (Restated)
<S>                                                   <C>                <C>
                                           ASSETS
Current Assets
  Cash                                                $         318          $         809
  Cash held in escrow                                           933                  1,254
  Accounts receivable, net                                    3,898                    851
  Investments                                                 6,216                  6,825
  Real estate held for development and resale                 6,109                  6,086
  Net assets of discontinued operations                           -                     71
  Other assets                                                  389                    638
                                                      -------------          -------------
      Total current assets                                   17,863                 16,534

Long-term Assets
  Investments                                                   188                    201
  Property and equipment, at cost                             4,111                  3,544
                                                      -------------          -------------
                                                              4,299                  3,745
                                                      -------------          -------------
                                                      $      22,162          $      20,279
                                                      =============          =============
</TABLE>
<TABLE>
<CAPTION>
                              LIABILITIES AND SHAREHOLDERS' EQUITY
<S>                                                   <C>                <C>
Current Liabilities
  Accounts payable                                    $       1,082         $         790
  Accrued liabilities                                           566                   668
  Due to affiliates                                           3,555                   683
  Debt                                                        1,288                 2,998
  Redeemable preferred stock                                    139                   139
                                                      -------------         -------------
      Total current liabilities                               6,630                 5,278

Long-term Liabilities
  Debt                                                        2,579                   810
  Other                                                       1,166                   955
                                                      -------------         -------------
                                                              3,745                 1,765
                                                      -------------         -------------
      Total liabilities                                      10,375                 7,043

Minority Interest                                               496                   987

Shareholders' Equity
  Preferred shares                                                1                     1
  Common shares                                                 108                   108
  Additional paid-in capital                                 14,673                14,673
  Net unrealized gain on investment valuation                    58                    72
  Retained deficit                                           (3,549)               (2,605)
                                                      -------------         -------------
      Total equity                                           11,291                12,249
                                                      -------------         -------------
                                                      $      22,162         $      20,279
                                                      =============         =============

          The accompanying notes are an integral part of these financial statements.
</TABLE>
                                       3

<PAGE>  4

                                  LOGAN INTERNATIONAL CORP.
                     Consolidated Statements of Operations and Deficit
                                         (Unaudited)
                       (dollars in thousands except per share amounts)
<TABLE>
<CAPTION>
                                                       For the Six      For the Six
                                                       Months Ended     Months Ended
                                                       June 30, 1997    June 30, 1996
                                                       -------------    -------------
<S>                                                    <C>              <C>
Revenues
  Sale of real estate                                  $           -    $       1,255
  Sale of recycled oil products                                  956                -
  Gain on securities                                              33              174
  Other                                                          186                9
                                                       -------------    -------------
                                                               1,175            1,438
Costs and expenses
  Cost of real estate sold and
    related selling costs                                          -              605
  Cost of recycled oil products                                1,057                -
  Selling, general and administrative                            638              244
  Real estate taxes                                               49               54
  Interest                                                       536              173
                                                       -------------    -------------
                                                               2,280            1,076

(Loss) income from operations before minority interest        (1,105)             362
Minority interest                                               (405)               -
                                                       -------------    -------------
(Loss) income from continuing operations                        (700)             362
Loss from discontinued operations, net of minority interest:
  Loss from operations                                          (102)               -
  Gain on sale                                                    30                -
                                                       -------------    -------------
                                                                 (72)               -
                                                       -------------    -------------
(Loss) income before extraordinary item                         (772)             362
                                                       -------------    -------------
Extraordinary item, Gain on debt extinguishment                    -              258
                                                       -------------    -------------

Net (loss) earnings                                             (772)             620
Deficit, beginning of period                                  (2,605)          (2,857)
Dividend paid on preferred shares                               (172)               -
                                                       -------------    -------------
Deficit, end of period                                 $      (3,549)   $      (2,237)
                                                       =============    =============

(Loss) earnings per share:
  Continuing operations                                $       (0.08)   $        0.05
  Discontinued operations                                      (0.01)               -
  Extraordinary item                                               -             0.04
                                                       -------------    -------------
                                                       $       (0.09)   $        0.09
                                                       =============    =============

     The accompanying notes are an integral part of these financial statements.

</TABLE>


                                       4

<PAGE>  5

                                 LOGAN INTERNATIONAL CORP.
                     Consolidated Statements of Operations and Deficit
                                        (Unaudited)
                      (dollars in thousands except per share amounts)
<TABLE>
<CAPTION>
                                                      For the Three     For the Three
                                                      Months Ended      Months Ended
                                                      June 30, 1997     June 30, 1996
                                                      -------------     -------------
<S>                                                   <C>               <C>
Revenues
  Sale of recycled oil products                       $         930      $          -
  (Loss) gain on securities                                    (106)               89
  Other                                                         169                 -
                                                      -------------     -------------
                                                                993                89
Costs and expenses
  Cost of recycled oil products                               1,042                 -
  Selling, general and administrative                           283               132
  Real estate taxes                                              24                14
  Interest                                                      332                68
                                                      -------------     -------------
                                                              1,681               214
                                                      -------------     -------------

Loss from operations before minority interest                  (688)             (125)
Minority interest                                              (214)                -
                                                      -------------     -------------
Loss from continuing operations                                (474)             (125)
Loss from discontinued operations, net of minority interest:
  Loss from operations                                          (48)                -
  Gain on sale                                                   30                 -
                                                      -------------     -------------
                                                                (18)                -
                                                      -------------     -------------
Loss before extraordinary item                                 (492)             (125)
                                                      -------------     -------------
Extraordinary item, Gain on debt extinguishment                   -                 2
                                                      -------------     -------------

Net loss                                                       (492)             (123)
Deficit, beginning of period                                 (2,885)           (2,114)
Dividend paid on preferred shares                              (172)                -
                                                      -------------     -------------
Deficit, end of period                                $      (3,549)    $      (2,237)
                                                      =============     =============

Loss per share:
  Continuing operations                               $       (0.05)    $       (0.02)
  Discontinued operations                                         -                 -
  Extraordinary item                                              -                 -
                                                      -------------     -------------
                                                      $       (0.05)    $       (0.02)
                                                      =============     =============







        The accompanying notes are an integral part of these financial statements.
</TABLE
                                       5
<PAGE>  6

                                      LOGAN INTERNATIONAL CORP.
                                 Consolidated Statements of Cash Flows
                                             (Unaudited)
                                       (dollars in thousands)

</TABLE>
<TABLE>
<CAPTION>
                                                          For the Six       For the Six
                                                          Months Ended      Months Ended
                                                          June 30, 1997     June 30, 1996
                                                          -------------     -------------
<S>                                                       <C>               <C>
Cash flows from continuing operating activities:
  (Loss) gain before extraordinary item                   $        (700)    $         362
  Adjustments to reconcile net (loss) income
    to net cash provided by operating activities:
    Minority interest                                              (405)                -
    Gain on securities                                              (33)             (174)
    Amortization and depreciation                                    97                 2
                                                          -------------     -------------
                                                                 (1,041)              190
  Changes in working capital:
    Cash held in escrow                                             321                 -
    Real estate                                                     (24)              552
    Prepaid and other assets                                        235               (77)
    Accounts receivable                                          (3,040)                -
    Payables                                                      2,824                37
                                                          -------------     -------------
                                                                   (725)              702
  Purchases of trading securities                                (2,667)                -
  Proceeds from sales of trading securities                       3,309                 -
                                                          -------------     -------------
                                                                    (83)              702
Cash flows from continuing financing activities:
  Borrowing                                                       1,953               230
  Payment of debts                                               (1,771)           (1,125)
  Issuance of preferred shares                                        -             6,000
  Payment of dividend on preferred shares                          (172)                -
  Other                                                             (17)                -
                                                          -------------     -------------
                                                                     (7)            5,105
Cash flows from continuing investing activities:
  Purchases of property and equipment                              (331)                -
  Purchases of available-for-sale securities                          -            (6,200)
  Proceeds from sale of available-for-sale securities                 -               313
                                                          -------------     -------------
                                                                   (331)           (5,887)
                                                          -------------     -------------

Net cash used in continuing operations                             (421)              (80)
Net cash used in discontinued operations                            (70)                -
                                                          -------------     -------------

Net decrease in cash                                               (491)              (80)
Cash, beginning of period                                           809               261
                                                          -------------     -------------
Cash, end of period                                       $         318     $         181
                                                          =============     =============







        The accompanying notes are an integral part of these financial statements.

</TABLE>
                                       6




<PAGE>  7
                           LOGAN INTERNATIONAL CORP.
                   Notes to Consolidated Financial Statements
                                June 30, 1997
                                (Unaudited)

Note 1.  Basis of Presentation
         ---------------------

The interim period consolidated financial statements have been prepared by 
the Registrant pursuant to the rules and regulations of the Securities and 
Exchange Commission.  Certain information and footnote disclosures normally 
included in financial statements prepared in accordance with generally 
accepted accounting principles have been condensed or omitted pursuant to 
such rules and regulations.  These interim period statements should be read 
together with the statements and the accompanying notes included in the 
Registrant's latest annual report on Form 10-KSB.  In the opinion of the 
Registrant, the accompanying unaudited interim consolidated financial 
statements contain all adjustments necessary in order to present a fair 
statement of the results for the interim periods presented.

Note 2.  Acquisition
         -----------

In December 1996, the Registrant acquired a 50.3% interest in ICHOR 
Corporation ("Ichor"), which operates in the environmental services business. 
Ichor's results from operations, assets and liabilities have been included in 
the Registrant's financial statements.

Note 3.  Earnings per Share
         ------------------

Earnings per share is computed on the weighted average number of shares 
outstanding during the period.  The weighted average number of shares was 
10,837,808 and 6,601,495 for the six months ended June 30, 1997 and 1996, 
respectively.

Note 4.  Discontinued Operations
         -----------------------

Effective April 30, 1997, Ichor sold substantially all of the assets of its 
environmental remediation services operation for approximately $0.2 million. 
As a result, the Registrant's balance sheet as at December 31, 1996 has been 
restated to record the disposed business as discontinued operations.











                                       7




<PAGE>  8
                     PART I.  FINANCIAL INFORMATION
                              ---------------------

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
         AND RESULTS OF OPERATIONS

The following discussion and analysis of the results of operations and the 
financial condition of Logan International Corp. (the "Corporation") for the 
six months and quarter ended June 30, 1997 should be read in conjunction with 
the consolidated financial statements and related notes included elsewhere 
herein.

In December 1996, the Corporation acquired a 50.3% interest in ICHOR 
Corporation ("Ichor"), which operates in the environmental services business. 
Ichor's results from operations, assets and liabilities have been included in 
the Corporation's financial statements.  In April 1997, Ichor sold 
substantially all of the assets of its environmental remediation services 
business for approximately $0.2 million.  As a result, the Corporation's 
balance sheet as at December 31, 1996 has been restated to record the 
disposed business as discontinued operations.

Results of Operations - Six Months Ended June 30, 1997
------------------------------------------------------

Revenues for the six months ended June 30, 1997 decreased to $1.2 million 
from $1.4 million in the six months ended June 30, 1996, primarily as a 
result of a reduction in the sale of real estate. Revenues from the sale of 
real estate decreased to nil in the current period of 1997 from $1.3 million 
in the comparative period of 1996.  Revenues from the sale of recycled oil 
products were $1.0 million in the current period of 1997, compared to nil in 
the comparative period of 1996, as a result of the inclusion of the results 
of the Corporation's environmental services operations in the current period 
of 1997.

Costs and expenses for the six months ended June 30, 1997 increased to $2.3 
million from $1.1 million in the comparative period of 1996, primarily as a 
result of the inclusion of the results of the Corporation's environmental 
services operations in the current period of 1997.  The cost of recycled oil 
products was $1.1 million in the six months ended June 30, 1997, compared to 
nil in the comparative period of 1996.  Selling, general and administrative 
expenses increased to $0.6 million in the current period of 1997 from $0.2 
million in the comparative period of 1996.  The cost of real estate sold and 
related selling costs were nil in the six months ended June 30, 1997, 
compared to $0.6 million in the six months ended June 30, 1996.

Interest expense in the six months ended June 30, 1997 increased to $0.5 
million from $0.2 million in the six months ended June 30, 1996, primarily as 
a result of interest on the indebtedness of the Corporation's environmental 
services operations.

For the six months ended June 30, 1997, the loss from continuing operations 
was $0.7 million or $0.08 per share, compared to income from continuing 
operations of $0.4 million or $0.05 per share for the six months ended June 
30, 1996.

                                       8
<PAGE>  9

During the current period of 1997, the Corporation recorded an operating loss 
from discontinued operations of $0.1 million and a gain on the sale of the 
Corporation's environmental remediation services assets of $30,000, net of 
minority interest.

The Corporation recognized an extraordinary gain of $0.3 million in the 
period ended June 30, 1996, as a result of the transfer of 10 parcels of land 
to a lender in exchange for the extinguishment of debt. No such gain was 
recognized in the current period of 1997.

The Corporation had a net loss of $0.8 million or $0.09 per share in the 
period ended June 30, 1997, compared to net income of $0.6 million or $0.09 
per share in the period ended June 30, 1996, primarily as a result of the 
decrease in the sale of real estate and the inclusion of the results of the 
Corporation's environmental services operations in the current period of 
1997.

Results of Operations - Three Months Ended June 30, 1997
--------------------------------------------------------

Revenues for the three months ended June 30, 1997 increased to $1.0 million 
from $89,000 for the three months ended June 30, 1996, primarily as a result 
of the inclusion of the results of the Corporation's environmental services 
operations in the current period of 1997.  Revenues from the sale of recycled 
oil products were $0.9 million in the current period of 1997, compared to nil 
in the comparative period of 1996.  The Corporation recorded a loss on 
securities of $0.1 million in the three months ended June 30, 1997, compared 
to a gain on securities of $89,000 in the three months ended June 30, 1996.

Costs and expenses for the three months ended June 30, 1997 increased to $1.7 
million from $0.2 million in the comparative period of 1996, primarily as a 
result of the inclusion of the results of the Corporation's environmental 
services operations in the current quarter of 1997.  The cost of recycled oil 
products was $1.0 million in the three months ended June 30, 1997, compared 
to nil in the comparative period of 1996. Selling, general and administrative 
expenses increased to $0.3 million in the current quarter of 1997 from $0.1 
million in the comparative quarter of 1996.

Interest expense in the three months ended June 30, 1997 increased to $0.3 
million from $68,000 in the same period of 1996, primarily as a result of 
interest on the indebtedness of the Corporation's environmental services 
operations.

For the three months ended June 30, 1997, the loss from continuing operations 
was $0.5 million or $0.05 per share, compared to $0.1 million or $0.02 per 
share for the three months ended June 30, 1996.

The Corporation recorded an operating loss from discontinued operations of 
$48,000 and a gain on the sale of the Corporation's environmental remediation 
services assets of $30,000 in the current quarter of 1997, net of minority 
interest.

The Corporation had a net loss of $0.5 million or $0.05 per share in the 
period ended June 30, 1997, compared to a net loss of $0.1 million or $0.02 
per share in the period ended June 30, 1996,

                                       9

<PAGE>  10
primarily as a result of the inclusion of the results of the Corporation's 
environmental services operations in the current period of 1997.

Liquidity and Capital Resources
-------------------------------

The Corporation had cash of $0.3 million at June 30, 1997, compared to $0.8 
million at December 31, 1996.  At June 30, 1997, the Corporation had $0.9 
million held in escrow in respect of the Corporation's environmental services 
operations, compared to $1.3 million at December 31, 1996.

The Corporation has a $4.0 million line of credit which was not utilized as 
at June 30, 1997.  The line of credit is secured by certain parcels of real 
estate, matures on December 30, 1997 and bears interest at a rate of prime 
plus 4% per annum.  Since the Corporation's principal sources of revenues are 
relatively unpredictable, the Corporation maintains its credit facility to 
cover any cash shortfalls.

During the current period of 1997, Ichor established two new lines of credit, 
one with a subsidiary of the Corporation's parent in the aggregate amount of 
$0.5 million and another with a separate lender in the amount of $0.8 
million, to fund the working capital requirements of its waste oil recycling 
facility located in McCook, Illinois, which was brought on-line in the second 
quarter of 1997.

Continuing operating activities used cash of $83,000 in the six months ended 
June 30, 1997, compared to providing cash of $0.7 million in the comparative 
period of 1996.  An increase in accounts receivable used cash of $3.0 million 
in the current period of 1997, compared to nil in the six months ended June 
30, 1996. An increase in payables provided cash of $2.8 million in the 
current period of 1997, compared to $37,000 in the comparative period of 
1996.  Net sales of trading securities provided cash of $0.6 million in the 
period ended June 30, 1997, compared to nil in the period ended June 30, 
1996.

Continuing financing activities used cash of $7,000 in the six months ended 
June 30, 1997, compared to providing cash of $5.1 million in the comparative 
period of 1996.  Borrowing provided cash of $2.0 million in the current 
period of 1997, compared to $0.2 million in the six months ended June 30, 
1996. The Corporation used $1.8 million to repay debts in the six months 
ended June 30, 1997, compared to $1.1 million in the same period of 1996.  In 
the six months ended June 30, 1996, the Corporation sold $6.0 million of its 
preferred stock.

Continuing investing activities used cash of $0.3 million in the period ended 
June 30, 1997, as a result of the purchase of property and equipment for the 
Corporation's environmental services operations.  Investing activities in the 
six months ended June 30, 1996 consisted of net purchases of available-for-
sale securities of $5.9 million.

At June 30, 1997, the Corporation had $1.6 million in outstanding notes which 
are secured by deeds of trust on a portion of the Corporation's real estate 
assets and are non-recourse to the Corporation.

                                       10
<PAGE>  11
Pursuant to such deeds of trust, the Corporation is obliged to make property
tax and assessment payments on the secured properties on a timely basis.
During the six months ended June 30, 1997, two notes which were previously in
default were refinanced by other lenders.

In the six months ended June 30, 1997, the Corporation paid all outstanding 
principal and interest due to the holder of a $0.6 million note secured by 
56.6 acres of the Corporation's property.  As a result, the legal foreclosure
action relating to the property was settled.  The Corporation initially had 
an option agreement to sell the subject property to Triad Investment
Corporation ("Triad") which the Corporation believed had expired and was the
subject of a court action.  The Corporation and Triad have reached an
agreement which resolved the action.

At June 30, 1997, overdue real estate taxes on the Corporation's properties
amounted to $0.7 million.  In addition, there is approximately $0.5 million
in assessments to local improvement districts ("LIDs") which are overdue.
Certain of the Corporation's properties are subject to overdue LIDs and
property taxes.  Overdue real estate taxes and LIDs accrue interest at
approximately 12% per annum.  Under Washington State law, if real estate
taxes or LIDs remain overdue for three years, the governing jurisdiction can
commence foreclosure proceedings against the property.  The Corporation
anticipates that for the foreseeable future it will permit real estate taxes
to remain overdue, but may pay such taxes and LIDs as are necessary to
prevent foreclosure proceedings from occurring.  No non-judicial or judicial
foreclosure actions have been commenced as a result of the Corporation's
failure to make property tax or assessment payments on a timely basis.

The following table summarizes the repayment schedule of the Corporation's 
debt obligations, LIDs, unpaid property taxes and redeemable preferred stock 
at June 30, 1997:
<TABLE>
<CAPTION>
                  Year Ending        Dollars
                    June 30,      in Thousands
                  -----------     ------------
                 <S>              <C>
                      1998         $     1,427
                      1999               2,206
                      2000                 373
                                   -----------
                                   $     4,006
                                   ===========
</TABLE>
The Corporation has no commitments for capital expenditures in relation to 
its undeveloped real estate, although it may need to provide funds for pre-
development work on certain parcels in order to enhance their marketability 
and sale value.  Based upon appraisals prepared for the Corporation, the 
Corporation believes that the value of its undeveloped real estate assets 
substantially exceeds the amount of indebtedness related thereto.  All of the 
Corporation's real estate assets are undeveloped, which makes the appraisal 
process inherently less certain than with developed properties.

The Corporation continues to seek controlling interests in operating 
businesses as opportunities arise. The Corporation has acquired one such 
interest to date, but may divest itself of such interest.  The Corporation 
anticipates that it may require substantial capital to pursue any such 
opportunities and anticipates that such capital will be provided through the 
sale or exchange of assets, or through debt or equity financing.
                                       11


<PAGE>  12

                         PART II.  OTHER INFORMATION
                                   -----------------

ITEM 1.  LEGAL PROCEEDINGS

Reference is made to the Corporation's annual report on Form 10-KSB for the 
year ended December 31, 1996 for information concerning certain legal 
proceedings.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

The Corporation held its annual meeting of shareholders on June 27, 1997.  At 
the meeting, Roland Waldvogel was elected a Class II director of the 
Corporation for a three year term, as follows:
<TABLE>
<CAPTION>
                                                    Broker
                   Votes For     Votes Withheld     Non-Votes     Abstentions
                   ---------     --------------     ---------     -----------
<S>                <C>           <C>                <C>           <C>
Roland Waldvogel   7,799,486          37,996            -              -
</TABLE>


ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits

Exhibit
Number                     Description
-------                    -----------

  27           Article 5 - Financial Data Schedule for the 2nd Quarter 1997
               Form 10-Q.

(b) Reports on Form 8-K

None.
















                                       12




<PAGE>  13




                                   SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, 
the Registrant caused this report to be signed on its behalf by the 
undersigned, thereunto duly authorized.


Dated:  August 12, 1997                   LOGAN INTERNATIONAL CORP.


                                     By:    /s/ Michael J. Smith
                                          ----------------------------------
                                          Michael J. Smith, President, Chief
                                          Financial Officer and Director



































                                       13




<PAGE>  14



                                EXHIBIT INDEX

Exhibit
Number                      Description
-------                     -----------

  27            Article 5 - Financial Data Schedule for the 2nd Quarter 1997
                Form 10-Q.