SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C.  20549


                              FORM 10-QSB

          QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE 
                    SECURITIES EXCHANGE ACT OF 1934


For Quarter Ended December 31, 1995     Commission File No.   0-17538 

                          WESTAMERICA CORPORATION                     
        (Exact name of Registrant as specified in its charter)

            Oklahoma                                 73-1322822       
  (State or other jurisdiction of                 (I.R.S. Employer
 incorporated or organization)                     Identification No.)

                 Highway 75 North, Dewey, Oklahoma   74029            
           (Address of principal executive offices)  (Zip Code)

Registrant's telephone number, including area code:   (918) 534-1700  


     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.

     As of December 31, 1995 the Registrant had outstanding 2,936,490
shares of Common stock, par value $.01 per share, which is the
Registrant's only class of common stock.

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                        WESTAMERICA CORPORATION

                    QUARTERLY REPORT ON FORM 10-QSB

                For the Quarter ended December 31, 1995


                           TABLE OF CONTENTS

                                PART I

                                                                  Page
Item 1.    Consolidated Financial Statements (Unaudited):
           Balance Sheets as of December 31, 1995 . . . . . . . . . 3
           Statement of operations for three months ended
              December 31, 1995 and 1994 (Unaudited). . . . . . . . 4
           Statement of operations for nine months ended
              December 31, 1995 and 1994 (Unaudited). . . . . . . . 5
           Statement of cash flows for nine months ended
              December 31, 1995 and 1994 (Unaudited). . . . . . . . 6
           Notes to Consolidated Financial Statements (Unaudited) . 7

Item 2.    Management's Discussion and Analysis
           of Financial Condition and Results of Operations . . . . 8

Signatures  . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9


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                        WESTAMERICA CORPORATION
                      CONSOLIDATED BALANCE SHEETS
                        (Dollars in Thousands)
                              (Unaudited)

         ASSETS                                           December  31
                                                              1995    

CURRENT ASSETS:
   Cash and cash equivalents                                 $  1,220
   Marketable securities, at market which approximates cost        13
   Accounts receivable:
      Trade                                                       419
      Other                                                       129
   Notes receivable - current                                      13
   Inventories                                                     62 
      TOTAL CURRENT ASSETS                                      1,856 

PROPERTY AND EQUIPMENT:
   Oil and gas properties, successful
     efforts method                                             3,479 
   Transportation, drilling and
     other equipment                                              594
   Land and buildings                                             950 
   Less accumulated depreciation,
     depletion, and amortization                               (3,391)
                                                                1,632 

OTHER ASSETS:
   Goodwill, less accumulated amortization                        387 
   Other assets                                                   346 
                                                             $  4,221 


LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
   Notes payable and current portion
     of long-term debt                                       $      4 
   Accounts payable                                               581 
   Accrued expenses                                               125
   Prepaid drilling/completion contract                           557
      TOTAL CURRENT LIABILITIES                                 1,267 

DEFERRED INCOME                                                    88
LONG-TERM DEBT                                                    391 
NOTES PAYABLE TO STOCKHOLDER                                       94 
STOCKHOLDERS' EQUITY:
   Preferred stock authorized 1,000,000 shares, $.0l par
    value; non voting convertable preferred stock, redeem-
    able and cumulative, outstanding 100,000 shares.  Non-
    voting cumulative non-convertable series B preferred
    stock, outstanding 82,500 shares.                               2
   Common stock, $.01 par value authorized 10,000,000
    shares; issued 2,936,490, outstanding 2,916,782 shares         29
   Additional paid-in capital                                   6,220 
   Deficit                                                     (3,851)
   Treasury stock, at cost, 19,808 shares                         (19)
                                                                2,379 
                                                             $  4,221 

            See notes to consolidated financial statements
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                        WESTAMERICA CORPORATION
                       STATEMENTS OF OPERATIONS
                        (Dollars in Thousands)
                              (Unaudited)


                                                 Three Months Ended
                                                    December 31,      
                                                1995             1994 


REVENUES:
   Commission income                         $     834        $   512
   Oil and gas sales                                40             54
   Oil field service income                        472             19
   Interest and other                              107             22 
                                                 1,453            607


COSTS AND EXPENSES:
   Brokerage commissions and clearing brokers
    charges                                        513            276 
   Brokerage operating expenses                    279            251 
   Oil and gas operations                          406             71 
   Selling, general and administrative              93             54 
   Depreciation, depletion and
    amortization                                    19             23 
   Interest                                         19             11 

                                                 1,329            686 


NET INCOME (LOSS)                            $     124        $   (79)

Per Share:

   Net Income (Loss)                         $     .04        $  (.02)

AVERAGE SHARES OUTSTANDING                   2,936,490       2,936,940









            See notes to consolidated financial statements.

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                        WESTAMERICA CORPORATION
                       STATEMENTS OF OPERATIONS
                        (Dollars in Thousands)
                              (Unaudited)


                                                 Nine Months Ended
                                                    December 31,      
                                                1995             1994 


REVENUES:
   Commission income                         $   1,998        $ 1,553
   Oil and gas sales                               136            154
   Oil field service income                        618             57
   Interest and other                              249            104 
                                                 3,001          1,868


COSTS AND EXPENSES:
   Brokerage commissions and clearing brokers
    charges                                      1,279            835 
   Brokerage operating expenses                    780            769 
   Oil and gas operations                          566            204 
   Selling, general and administrative             230            175 
   Depreciation, depletion and
    amortization                                    62            105 
   Interest                                         42             30 

                                                 2,959          2,118 



NET INCOME (LOSS)                            $      42        $  (250)

Per Share:

   Net Income (Loss)                         $     .01        $  (.08)

AVERAGE SHARES OUTSTANDING                   2,936,490       2,936,940









            See notes to consolidated financial statements.

<PAGE>
                        WESTAMERICA CORPORATION
                  NINE MONTHS ENDED DECEMBER 30, 1995
                        STATEMENT OF CASH FLOWS
                        (Dollars in Thousands)
                              (Unaudited)

                                                  Nine Months Ended
                                                       December 31     
                                                    1995         1994  

CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income                                   $     42         $  (250)
   Adjustments to reconcile net loss to net
     cash in operating activities:
      Depreciation, depletion and amortization     76             105
      Gain on sale of assets                     (226)             -0-
      (Increase) Decrease in receivables         (208)           (130)
      (Increase) Decrease in inventory            146              (7)
      (Increase) Decrease in other assets         (65)           (100)
      (Decrease) increase in accounts payable
        and contract drilling advances            430             717 
      Other                                        51             (15)
        Total adjustments                         204             570 
   Net cash provided by (used in) operating
     activities                                   246             320 


CASH FLOWS FROM INVESTING ACTIVITIES:
   Proceeds from sale
    of property and equipment                     266              -0-
   Purchase of property and equipment            (507)           (264)
   Purchase of marketable securities               -0-            (15)
   Collection of notes receivable                  31              -0-

   Net cash provided by investing activities     (210)           (279)


CASH FLOWS FROM FINANCING ACTIVITIES:
   Increase (decrease) borrowing                   (4)             70 
   Proceeds from preferred stock offering         691              87
   Dividends paid                                 (72)            (65)
   Decrease in notes payable to stockholders      ( 5)            ( 4)

   Net cash provided by (used in)
       financing activities                       610              88 


NET INCREASE (DECREASE) IN CASH AND CASH
   EQUIVALENTS                                    646             129 

CASH AND CASH EQUIVALENTS, beginning of year      574             762 


CASH AND CASH EQUIVALENTS, end of period     $  1,220         $   891 







            See noted to consolidated financial statements
<PAGE>
                          WESTAMERICA CORPORATION
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                    NINE MONTHS ENDED DECEMBER 31, 1995
                                (Unaudited)


1. Basis of Presentation.

The financial statements presented herein were prepared in accordance with
the instructions to Form 10-QSB.  Accordingly the statements presented do
not include all the information and note disclosure required by generally
accepted accounting principles.  The statements should be read in
conjunction with the financial statements and notes thereto included in the
Registrant's Form 10-KSB for the year ended March 31, 1995.  The
accompanying financial statements have not been audited by independent
accountants but, in the opinion of management, contain all adjustments, all
of which were of a normal recurring nature, necessary to summarize fairly
the Registrant's financial position and results of operations.  The results
of operations for the nine months ended December 31, 1995 may not be
indicative of the results that may be expected for the year ending March
31, 1996.
















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

This discussion should be read in conjunction with the financial statements
of WestAmerica Corporation and the notes related thereto included under
Item 1 of this report.

MD&A CAPITAL RESOURCES & LIQUIDITY

Consolidated current assets increased $853,000 to $1,856,000 at December
31, 1995, compared with $1,003,000 at September 30, 1995.  Current
liabilities increased from $929,000 at September 30, 1995 to $1,267,000 at
December 31, 1995.  The current ratio was 1.46:1 at December 31, 1995
compared to 1.08:1 at September 30, 1995.  The increase in liquidity
resulted primarily from cash received from an offering of non convertible
Series B Preferred Stock and from well recompletion contracts entered into
during the three months ended December 31, 1995.  Net proceeds from the
preferred offering during the three months ended December 31, 1995 totaled
$691,000.  The Registrant has sufficient liquidity to provide for
foreseeable business needs.

RESULTS OF OPERATIONS

Revenues for the three months ended December 31, 1995 were $1,453,000
compared to $607,000 for the three month period ended December 31, 1995. 
Commission income increased $322,000 due to an increased number of
investment representatives being employed by the company's subsidiary,
WestAmerica Investment Group, Inc. and a generally favorable market
environment for securities.  Oil and gas activities contributed $512,000
compared to $73,000 for the three months ended December 31, 1994.  The
$439,000 increase in revenue from oil and gas activities was primarily due
to recognizing the completion of a $760,000 drilling contract entered into
with Oklahoma Resources General Partnership on December 31, 1994.  Costs
and expenses were $1,329,000 for the three month period ended December 31,
1995 compared to $686,000 for the three month period ended December 31,
1994.  Brokerage commissions and clearing broker charges increased $237,000
from $276,000 in the period ended December 31, 1994 to $513,000 in the
period ended December 31, 1995.  This increase was due primarily to the
increase in commission income for the period ended September 30, 1995 which
caused broker commissions to increase as well as to a change in business
mix whereby transactional business increased relative to financial planning
and insurance type business.  The increase in transaction business caused
clearing brokers charges to increase disproportionately to the increase in
commission income.  Costs associated with oil and gas activities increased
$335,000 from $71,000 in the period ended December 31, 1994, to $406,000 in
the period ended December 31, 1995 primarily as a result of costs
associated with completing drilling and completion contracts.  The
Registrant's primary sources of revenue during the period December 31, 1995
were; commission and investment management fee income 57%, oil and gas
operations 35% and other income 7%.  Net income from operations increased
from a loss of $79,000 for the three months ended December 31, 1994 to
income of $124,000 for the three months ended December 31, 1995.  This
change to profitability was primarily the result of completing drilling and
recompletion contracts and the Registrants financial services subsidiary
earning $48,000 during the three month period ended December 31, 1995
compared to posting a loss of $11,000 during the three month period ended
December 31, 1994.

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                                SIGNATURES


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


                                                ECC ENERGY CORPORATION


Date:  February 14, 1996                By:   /s/ Edward R. Foraker   
                                           Edward R. Foraker
                                           President and Director,
                                           Principle Executive Officer,
                                           Principle Financial Officer, and
                                           Principle Accounting Officer

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