TRANSATLANTIC PETROLEUM LTD. (TSE:TNP) Files An 8-K Changes in Registrant’s Certifying AccountantItem 4.01 Changes in Registrant’s Certifying Accountant
On June 12, 2018, PMB Helin Donovan, LLP (“PMB Helin”) notified TransAtlantic Petroleum Ltd. (the “Company”) that, because of reasons unrelated to the Company, PMB Helin has decided that it will no longer provide audit services to public companies, including the Company, and will no longer seek re-appointment as the Company’s independent registered public accounting firm for the year ending December 31, 2018.Accordingly, PMB Helin resigned as the Company’s auditor effective June 12, 2018.
As a result of this notification, proposal number 2 regarding the appointment of PMB Helin as the Company’s independent registered public accounting firm for the year ending December 31, 2018 contained in the Company’s definitive proxy statement, filed with the Securities and Exchange Commission on April 30, 2018 (“Proposal 2”), regarding the Company’s annual general meeting of shareholders to be held on June 19, 2018 (“2018 Annual Meeting”), has become moot.
The Audit Committee of the Company’s Board of Directors (the “Audit Committee”) is currently in the process of selecting a replacement independent registered accounting firm for the year ending December 31, 2018.The Audit Committee expects to appoint a new independent registered accounting firm as soon as practicable following the 2018 Annual Meeting.
The reports of PMB Helin on the Company’s consolidated financial statements for the years ended December31, 2017 and December 31, 2016 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the years ended December 31, 2017 and December 31, 2016 and the subsequent interim period through June 12, 2018, there were (i) no “disagreements” (as that term is defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) between the Company and PMB Helin on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of PMB Helin, would have caused PMB Helin to make reference to the subject matter of the disagreements in their audit reports on the Company’s consolidated financial statements for such years, and (ii) no “reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided PMB Helin with a copy of the disclosures it is making in this Current Report on Form8-K (the “Current Report”). The Company requested that PMB Helin furnish a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with the statements made herein. A copy of PMB Helin’s letter, dated June 13, 2018, is attached as Exhibit 16.1 to this Current Report.
Item 9.01 Financial Statements and Exhibits.
TRANSATLANTIC PETROLEUM LTD. ExhibitEX-16.1 2 tat-ex161_6.htm EX-16.1 tat-ex161_6.htm Exhibit 16.1 P.O. Box 202260 Austin,…To view the full exhibit click here
About TRANSATLANTIC PETROLEUM LTD. (TSE:TNP)
TransAtlantic Petroleum Ltd. is a holding company. The Company is an international oil and natural gas company engaged in acquisition, exploration, development and production. Its segments include Turkey and Bulgaria. The Company holds interests in approximately 880,000 and 567,000 net acres of developed and undeveloped oil and natural gas properties in Turkey and Bulgaria, respectively. The Company holds interests in over 20 onshore and offshore exploration licenses and approximately 25 onshore production leases covering a total of over 1.4 million gross acres in Turkey. All of its oil production is concentrated in southeastern Turkey, primarily in the Arpatepe, Bahar, Goksu and Selmo oil fields, and its natural gas production is concentrated in the Thrace Basin, which is located in northwestern Turkey near Istanbul. The Company holds interests in an onshore exploration license and an onshore production concession covering a total of approximately 567,110 acres in Bulgaria.
