python xlrd unsupported format, or corrupt file.

My code:

import xlrd
wb = xlrd.open_workbook("Z:\\Data\\Locates\\3.8 locates.xls")
sh = wb.sheet_by_index(0)
print sh.cell(0,0).value

The error:

Traceback (most recent call last):
File "Z:\Wilson\tradedStockStatus.py", line 18, in <module>
wb = xlrd.open_workbook("Z:\\Data\\Locates\\3.8 locates.xls")
File "C:\Python27\lib\site-packages\xlrd\__init__.py", line 429, in open_workbook
biff_version = bk.getbof(XL_WORKBOOK_GLOBALS)
File "C:\Python27\lib\site-packages\xlrd\__init__.py", line 1545, in getbof
bof_error('Expected BOF record; found %r' % self.mem[savpos:savpos+8])
File "C:\Python27\lib\site-packages\xlrd\__init__.py", line 1539, in bof_error
raise XLRDError('Unsupported format, or corrupt file: ' + msg)
xlrd.biffh.XLRDError: Unsupported format, or corrupt file: Expected BOF record;
found '<table r'"

The file doesn't seem to be corrupted or of a different format. Anything to help find the source of the issue would be great.