ATP Oil & Gas 8-K 2008
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF EARLIEST EVENT REPORTED: April 7, 2008
ATP OIL & GAS CORPORATION
(Exact name of registrant as specified in its charter)
Commission file number: 000-32261
4600 Post Oak Place, Suite 200
Houston, Texas 77027
(Address of principal executive offices)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Item 4.01 - Changes in Registrants Certifying Accountant
The Audit Committee of the Board of Directors of ATP Oil & Gas Corporation (ATP) annually considers and appoints ATPs independent accountants. The Company solicited competitive bids from independent accountants to audit the Companys financial statements for the year ended December 31, 2008. On April 7, 2008, as a result of the competitive bid process, the Audit Committee appointed PricewaterhouseCoopers LLP to serve as ATPs independent auditors for the fiscal year ending December 31, 2008. The appointment of PricewaterhouseCoopers LLP will be submitted for ratification by ATPs shareholders at the 2008 Annual Meeting. Concurrently on April 7, 2008, the Audit Committee dismissed Deloitte & Touche LLP (Deloitte) as ATPs independent auditors upon the conclusion of services related to the fiscal year ending December 31, 2007. Deloitte has served as ATPs independent accountants since 2004.
Deloittes audit reports on ATPs consolidated financial statements as of and for the years ended December 31, 2006 and 2007 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles, except for their report on the audit of the Companys internal control over financial reporting, which because of the effects of a material weakness in the Companys internal control over financial reporting, stated the Company did not maintain an effective internal control over financial reporting as of December 31, 2007.
During ATPs two most recent fiscal years and through April 7, 2008, there was no disagreement with Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to Deloittes satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its report on ATPs consolidated financial statements for such years; there were no reportable events, as listed in Item 304(a)(1)(v) of Regulation S-K of the rules and regulations of the Securities and Exchange Commission; and ATP did not consult PricewaterhouseCoopers LLP with respect to the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on ATPs consolidated financial statements.
ATP has provided Deloitte with a copy of the foregoing disclosures. Attached as Exhibit 16.1 to this Form 8-K is a copy of Deloittes letter dated April 10, 2008.
Item 9.01 - Financial Statements, Pro Forma Financial Information and Exhibits
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 and thereunto duly authorized.