Obsidian Energy Ltd 6-K, filed Aug 23, 2021
Obsidian Energy Ltd. (OBE)
About this 6-K
Obsidian Energy Ltd filed this 6-K on August 23, 2021.
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 August 2021
Commission File Number 1-32895
Obsidian Energy 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 ☒
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 August 23, 2021.
| OBSIDIAN ENERGY LTD. | ||
| By: |
/s/ Stephen E. Loukas | |
| Name: |
Stephen E. Loukas | |
| Title: |
Interim President & CEO | |
2
EXHIBIT INDEX
| Exhibit |
Description | |
| 99.1 | Notice, dated August 23, 2021 | |
| 99.2 | Letter from former auditor, dated August 23, 2021 | |
| 99.3 | Letter from successor auditor, dated August 23, 2021 | |
Exhibit 99.1
OBSIDIAN ENERGY LTD.
(the “Corporation”)
NOTICE OF CHANGE OF AUDITOR
| TO: | Ernst & Young LLP, Chartered Professional Accountants (“EY”) | |
| AND TO: | KPMG LLP, Chartered Professional Accountants (“KPMG”) | |
In accordance with National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”), the Corporation reports as follows:
| 1. | Following the completion of an auditor review process which included a request for proposals from various audit firms, the Corporation’s Audit Committee unanimously recommended to the Corporation’s Board of Directors (the “Board”) that the Corporation change auditors from EY to KPMG. On August 20, 2021, the Board unanimously approved the change of auditors from EY to KPMG effective August 23, 2021. Accordingly: |
| a. | effective August 23, 2021, by mutual agreement, EY resigned as auditor of the Corporation; and |
| b. | effective August 23, 2021, KPMG was appointed as the successor auditor of the Corporation. |
| 2. | EY’s audit reports on the Corporation’s annual consolidated financial statements for the two financial years preceding the date of this Notice, being the fiscal years ended December 31, 2020 and December 31, 2019, did not express a modified opinion. |
| 3. | In the opinion of the Corporation, there have been no “reportable events” as such term is defined in NI 51-102 involving the Corporation and EY in connection with the audits of the Corporation’s two most recently completed financial years or in connection with any subsequent period up to and including August 23, 2021. |
DATED this 23rd day of August, 2021.
OBSIDIAN ENERGY LTD.
| Per: | (signed) “Gordon M. Ritchie” |
Gordon M. Ritchie
Chair
Exhibit 99.2
|
Ernst & Young LLP Calgary City Centre 2200 215 2nd Street SW Calgary AB T2P 1M4 |
Tel: +1 403 290 4100 Fax: +1 403 290 4165 ey.com |
| Alberta Securities Commission | August 23, 2021 | |
| British Columbia Securities Commission | ||
| Financial and Consumer Affairs Authority of Saskatchewan | ||
| The Manitoba Securities Commission | ||
| Ontario Securities Commission | ||
| Financial and Consumer Services Commission, New Brunswick | ||
| Nova Scotia Securities Commission | ||
| Authorité des marches financiers | ||
| 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 |
Obsidian Energy Ltd. – change of auditor notice dated August 23, 2021
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,
Ernst & Young LLP
Chartered Professional Accountants
| c: | The Board of Directors, Obsidian Energy Ltd. |
A member firm of Ernst & Young Global Limited
Exhibit 99.3
KPMG LLP
205 5th Avenue
SW Suite 3100
Calgary AB
T2P 4B9
Telephone (403) 691-8000
Fax (403) 691-8008
www.kpmg.ca
Alberta Securities Commission
British Columbia Securities Commission
The Manitoba Securities Commission
Financial and Consumer Services Commission, New Brunswick
Office of the Superintendent of Securities, Service Newfoundland & Labrador
Office of the Superintendent of Securities, Northwest Territories
Nova Scotia Securities Commission
Office of the Superintendent of Securities, Nunavut
Ontario Securities Commission
The Office of the Superintendent of Securities, Consumer, Corporate and Insurance Services
Division, Prince Edward Island
Autorité des marchés financiers
Financial and Consumer Affairs Authority of Saskatchewan
Office of the Yukon Superintendent of Securities
August 23, 2021
Dear Sir/Madam
Re: Notice of Change of Auditors of Obsidian Energy Ltd.
We have read the Notice of Obsidian Energy Ltd. dated August 23, 2021 and are in agreement with the statements contained in such Notice.
Yours very truly,
Chartered Professional Accountants
Calgary, Canada
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.