PENN WEST PETROLEUM LTD. T.PWT

Energy Oil & Gas E&P

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015, at a ratio of 69% oil/31% gas."

TSX:PWT - Post by User

PENN WEST PETROLEUM LTD.

<< Previous

Bullboard Posts

Next >>

Post by whoLuLuon Jun 29, 2017 6:00am

158 Views

Post# 26417769

very enlightening Fish ..

Curran and Grab took steps to hide the reclassification from Penn West’s Board of Directors. On January 4, 2013, during a discussion among senior accounting personnel concerning slides to be prepared for a meeting of Penn West’s Board, Takeyasu asked for a slide to be

Case 1:17-cv-04866 Document 2 Filed 06/28/17 Page 25 of 81

prepared highlighting 2012’s final opex/boe. After Grab expressed concern about showing a breakdown that would show the $40 million in reclassifications from operating expenses to capital expenditures, Curran instructed, “Agree—just bury it in Operated Opex.”

<< Previous

Bullboard Posts

Next >>

Mullen Group: Navigates market challenges towards success