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UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
  Form 10-K/A
 (AMENDMENT
    No. 1)
  þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
    OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended
    December 31, 2005.   Commission file number: 0-7261
  CHAPARRAL RESOURCES,
    INC.
 (Exact Name of Registrant as
    Specified in Its Charter)
  Delaware(State or other
    jurisdiction of
    incorporation or organization)

84-0630863(I.R.S. Employer
    Identification No.)   2 Gannett Drive, Suite 418
 White Plains, New York 10604
 (Address of Principal Executive
    Offices)
  Registrants telephone number, including area code:
    (866) 559-3822
  Securities registered pursuant to Section 12(g) of the
    Act:
  Common Stock, Par Value $.0001 Per Share
 (Title of Class)
  þ o
  Regulation S-K Form 10-K Form 10-K. o
    o þ
      DOCUMENTS
    INCORPORATED BY REFERENCE:
  Form 8-K




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EXPLANATORY
    NOTE
  Form 10-K Original 10-K), Business Quantitative and Qualitative
    Disclosures about Market Risk Controls and Procedures Certain Relationships and
    Related Transactions Exhibits, Financial
    Statement Schedules, and Reports on
    Form 8-K Original 10-K, Regulation M-A, Original 10-K Original 10-K. Original 10-K Original 10-K.
  SPECIAL
    NOTE REGARDING FORWARD-LOOKING STATEMENTS
  Form 10-K
  Form 10-K




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TABLE OF
    CONTENTS




|                                                                                  |  |      |   | 
|--------------------------------------------------------------------------------- |  | ---- | - | 
|                                                                                  |  | Page
|                                                                                 
|PART I                                                                            |  |      |   | 
|Item 1.
    Business                                                              |  |      | 1 | 
|PART II                                                                           |  |      |   | 
|Item 7A.
    Quantitative and Qualitative Disclosure about Market
    Risk        |  |      | 2 | 
|Item 9A.
    Controls and Procedures                                              |  |      | 2 | 
|PART III                                                                          |  |      |   | 
|Item 13.
    Certain Relationships and Related Transactions                       |  |      | 2 | 
|PART IV                                                                           |  |      |   | 
|Item 15.
    Exhibits, Financial Statement Schedules, and Reports on
    Form 8-K |  |      | 4 | 







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PART I

|        |         
|------- | --------
|Item 1. | Business



Available
    Information




Form 10-K, Form 10-Q, Form 8-K, Form 10-K (866) 559-3822.




1-800-SEC-0330.




Crude Oil
    Sales






















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|         |                                                               
|-------- | --------------------------------------------------------------
|Item 7A. | Quantitative
    and Qualitative Disclosures About Market Risk



Commodity
    Prices for Oil




















|         |                            
|-------- | ---------------------------
|Item 9A. | Controls
    and Procedures



Changes
    in Internal Controls over Financial Reporting








|         |                                                   
|-------- | --------------------------------------------------
|Item 13. | Certain
    Relationships and Related Transactions





2



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mark-up










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PART IV

|         |                                                                         
|-------- | ------------------------------------------------------------------------
|Item 15. | Exhibits,
    Financial Statement Schedules, and Reports on
    Form 8-K



| |     |    |  |                                                                                                                                               
| | --- | -- |  | ----------------------------------------------------------------------------------------------------------------------------------------------
| | *23 | .1 |  | Consent of McDaniel and Associates
    Consultants Limited, dated April 26, 2006.                                                             
| | *23 | .2 |  | Acknowledgement of
    Ernst & Young, dated April 26, 2006.                                                                                   
| | *23 | .3 |  | Consent of Ernst & Young,
    dated June 09, 2006.                                                                                            
| | *31 | .1 |  | CEO Certification Pursuant to
    Item 601(b)(31) of Regulation M-A, as adopted pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.
| | *31 | .2 |  | CFO Certification Pursuant to
    Item 601(b)(31) of Regulation M-A, as adopted pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.









|  |  |                
|- |  | ---------------
|* |  | Filed herewith.

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SIGNATURES


















| |     |                           
| | --- | --------------------------
| | By: | /s/  Boris
    Zilbermints







(Principal Executive Officer)




| |     |                        
| | --- | -----------------------
| | By: | /s/  Charles
    Talbot







(Principal Financial and Accounting Officer)








|                           |  |                                                     |  |               |  | 
|-------------------------- |  | --------------------------------------------------- |  | ------------- |  | 
|Signature                  |  | Name and Title                                      |  | Date         
|                          
|/s/  Alan
    D. Berlin    |  | Alan D. Berlin
    Director and Corporate secretary |  | June 09, 2006
|                           |  |                                                     |  |              
|/s/  Peter
    G. Dilling  |  | Peter G. Dilling
    Director                       |  | June 09, 2006
|                           |  |                                                     |  |              
|/s/  Oktay
    Movsumov    |  | Oktay Movsumov
    Director                         |  | June 09, 2006
|                           |  |                                                     |  |              
|/s/  Dmitry
    Timoshenko |  | Dmitry Timoshenko
    Director                      |  | June 09, 2006
|                           |  |                                                     |  |              
|/s/  Boris
    Zilbermints |  | Boris Zilbermints
    Director                      |  | June 09, 2006



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INDEX TO
    EXHIBITS
  *23
.1

Consent of McDaniel and Associates
    Consultants Limited, dated April 26, 2006.*23
.2

Acknowledgement of
    Ernst & Young, dated April 26, 2006.*23
.3

Consent of Ernst & Young,
    dated June 09, 2006.*31
.1

CEO Certification Pursuant to
    Item 601(b)(31) of Regulation M-A, as adopted pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.*31
.2

CFO Certification Pursuant to
    Item 601(b)(31) of Regulation M-A, as adopted pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.     *
    
    Filed herewith.