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 registrant’s 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 West’s Board of Directors (the “Board”) unanimously recommended to the Board that Penn West rotate auditors from KPMG to E&Y, upon the expiry of KPMG’s current term of office. On March 11, 2015, the Board unanimously approved the rotation of auditors from KPMG to E&Y for Penn West’s fiscal year ending December 31, 2015. Accordingly, KPMG will not be proposed for reappointment by shareholders at Penn West’s shareholders’ meeting (the “AGM”) to be held on May 13, 2015, but will continue to act as Penn West’s independent auditor until the expiry of its term of office at the close of the AGM.

 

  2. KPMG’s audit reports on Penn West’s 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 West’s 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

 

LOGO
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

 

LOGO

 

 

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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