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."

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PENN WEST PETROLEUM LTD. > ASC DISAGREES WITH SEC INVESTIGATION

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Comment by Khersonon Jul 05, 2017 6:37am

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Post# 26434117

RE:RE:RE:ASC DISAGREES WITH SEC INVESTIGATION

TheBiggestWin wrote:
Given the dollars and multiple years involved, It was likely fraud and not mistakes. Their auditor is to blame as is the asleep at the switch Board of Directors.

Yes, where were the auditors when this fraud was occuring? And yes, this was fraud!
Kherson

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