Form 6-K PENN WEST PETROLEUM LTD. For: Mar 25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2015
Commission File Number 1-32895
Penn West Petroleum Ltd.
(Translation of registrants name into English)
Suite 200, 207 9th Avenue SW
Calgary, Alberta T2P 1K3
Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ¨ Form 40-F x
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) ¨
DOCUMENTS INCLUDED AS PART OF THIS FORM 6-K
See the Exhibit Index hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on March 25, 2015.
PENN WEST PETROLEUM LTD. | ||
By: | /s/ Mark Hawkins | |
Name: | Mark Hawkins | |
Title: | Corporate Secretary and Senior Counsel |
2
EXHIBIT INDEX
Exhibit |
Description | |
99.1 | Notice, dated March 13, 2015 | |
99.2 | Letter from former auditor, dated March 13, 2015 | |
99.3 | Letter from successor auditor, dated March 18, 2015 |
Exhibit 99.1
CHANGE OF AUDITOR NOTICE
PENN WEST PETROLEUM LTD.
(Penn West)
TO: | KPMG LLP (KPMG) | |
AND TO: | ERNST & YOUNG LLP (E&Y) |
Penn West hereby gives notice, pursuant to section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102), as follows:
1. | Following the completion of an auditor review process which included a request for proposals from various audit firms, the Audit Committee of Penn Wests Board of Directors (the Board) unanimously recommended to the Board that Penn West rotate auditors from KPMG to E&Y, upon the expiry of KPMGs current term of office. On March 11, 2015, the Board unanimously approved the rotation of auditors from KPMG to E&Y for Penn Wests fiscal year ending December 31, 2015. Accordingly, KPMG will not be proposed for reappointment by shareholders at Penn Wests shareholders meeting (the AGM) to be held on May 13, 2015, but will continue to act as Penn Wests independent auditor until the expiry of its term of office at the close of the AGM. |
2. | KPMGs audit reports on Penn Wests annual consolidated financial statements for the two financial years preceding the date of this Notice, being the fiscal years ended December 31, 2014 and December 31, 2013, did not express a modified opinion. |
3. | There have been no reportable events as defined in NI 51-102 involving Penn West and KPMG in connection with the audits of Penn Wests two most recently completed financial years or in connection with any subsequent period up to and including March 11, 2015. |
DATED this 13th day of March, 2015. | ||
PENN WEST PETROLEUM LTD. | ||
Per: | /s/ David A. Dyck | |
David A. Dyck | ||
Senior Vice-President and Chief Financial Officer |
Exhibit 99.2
KPMG LLP | Telephone (403) 691-8000 | |||
205-5th Avenue SW | Fax (403) 691-8008 | |||
Suite 3100, Bow Valley Square 2 | www.kpmg.ca | |||
Calgary AB | ||||
T2P 4B9 |
To the securities regulatory authorities in each of the provinces of Canada
Dear Sirs or Mesdames:
Re: Notice of Change of Auditors of Penn West Petroleum Ltd.
We have read the Change of Auditor Notice of Penn West Petroleum Ltd. dated March 13, 2015 and are in agreement with the statements contained in such Notice.
Yours very truly, |
/s/ KPMG LLP |
Chartered Accountants |
Calgary, Canada |
March 13, 2015 |
KPMG LLP is a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity.
KPMG Canada provides services to KPMG LLP.
KPMG Confidential
Exhibit 99.3
Ernst & Young LLP Ernst & Young Tower 1000, 440 2nd Avenue SW Calgary AB T2P 5E9 |
Tel: +1 403 290 4100 Fax: +1 403 290 4165 ey.com |
British Columbia Securities Commission | March 18, 2015 | |
Alberta Securities Commission | ||
Financial and Consumer Affairs Authority, Saskatchewan | ||
Manitoba Securities Commission | ||
Ontario Securities Commission | ||
Autorité des marchés financiers, Québec | ||
Financial and Consumer Services Commission, New Brunswick | ||
Nova Scotia Securities Commission | ||
Office of the Superintendent of Securities, Prince Edward Island | ||
Office of the Superintendent of Securities, Service Newfoundland and Labrador | ||
Superintendent of Securities, Department of Justice, Northwest Territories | ||
Superintendent of Securities, Community Services, Yukon Territory | ||
Nunavut Securities Office, Department of Justice, Government of Nunavut |
Pennwest Petroleum Limited - Change of Auditor Notice dated March 13, 2015
Dear Sirs/Mesdames
Pursuant to National Instrument 51-102 (Part 4.11), we have read the above-noted Change of Auditor Notice and confirm our agreement with the information contained in the Notice pertaining to our firm.
Yours sincerely, |
/s/ Ernst & Young LLP |
Ernst & Young LLP |
Chartered Accountants |
Calgary, Canada |
March 18, 2015 |
c: The Board of Directors, Penn West Petroleum Ltd.
A member firm of Ernst & Young Global Limited
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