SECURITIES & 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): October 24, 2007


                             LITTLEFIELD CORPORATION
                             -----------------------
             (exact name of registrant as specified in its charter)


          Delaware                     0-24805                  74-2723809
-----------------------------       -------------        -----------------------
(State or other jurisdiction         (Commission              (I.R.S. Employer
     of incorporation)               File Number)         Identification Number)


    2501 North Lamar Blvd., Austin, Texas                           78705
   ----------------------------------------                       ----------
   (Address of principal executive offices)                       (Zip Code)


       Registrant's telephone number, including area code: (512) 476-5141

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


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:

[_]  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-2(b))

[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

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Item 2.02. - Results of Operations and Financial Condition
----------------------------------------------------------

The following information is furnished pursuant to Item 2.02, "Results of
Operations and Financial Condition."

On October 24, 2007, Littlefield Corporation issued a news release titled
"Littlefield Corporation Announces Q3 2007 Results; Fourteenth Consecutive
Quarter of Revenue Growth" A copy of that press release is attached as exhibit
99.1 to this report.


Item 9.01. Financial Statements and Exhibits
--------------------------------------------

     (c)  Exhibits.

          Exhibit  No.
          ------------
             99.1         News Release dated October 24, 2007.




                                   SIGNATURES

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

Dated: October 24, 2007

                                            Littlefield Corporation

                                            By: /s/ Richard S. Chilinski
                                                --------------------------------
                                                Name:  Richard S. Chilinski
                                                Title: Chief Financial Officer