-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UBysS9X+EQS3yrAm3XL+5qZBgchwuLBeQRTY9yBSwFNCQVcyE5Cd5AEB7RIZV/+B QLfSvUNYT2bSRG4EsnRKGw== 0001090002-05-000302.txt : 20060804 0001090002-05-000302.hdr.sgml : 20060804 20051028153114 ACCESSION NUMBER: 0001090002-05-000302 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20051028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPCO ENERGY INC CENTRAL INDEX KEY: 0000354767 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 840846529 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 5555 SAN FELIPE STREET 2: SUITE 725 CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 713-622-5550 MAIL ADDRESS: STREET 1: 5555 SAN FELIPE STREET 2: SUITE 725 CITY: HOUSTON STATE: TX ZIP: 77056 FORMER COMPANY: FORMER CONFORMED NAME: ALFA RESOURCES INC DATE OF NAME CHANGE: 19920703 CORRESP 1 filename1.htm Response to SEC Comment Letter dated October 20, 2005

October 27, 2005

                                                                                 


Jill Davis

Branch Chief

United States Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, D.C.  20549-7010


Re:  Capco Energy, Inc.

        Item 4.01 Form 8-K

        Filed October 13, 2005

        File No. 0-10157

       

 

Dear Ms. Davis:


In response to your letter dated October 20, 2005, regarding the referenced filing, we enclose copies of Form 8-K/A and exhibit 16.1, both of which are marked to show changes made in response to your comments.  


In preparation of its filings under the Securities Act of 1934, the Company acknowledges that:


·

the Company is responsible for the adequacy and accuracy of the disclosures in the filings;

·

staff comments or changes to disclosures in response to staff comments do not foreclose the Commission from taking any action with respect to the filings; and

·

the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.


Please advise if there are additional comments for our consideration.  We will withhold filing the amended report until such time that we receive your response.  

    

Very truly yours,


/s/ Walton C. Vance


Walton C. Vance

Controller  









UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

FORM 8-K/A

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 7, 2005


_________________________________________________________________________________

Capco Energy, Inc.

_________________________________________________________________________________

(Exact name of registrant specified in charter)


Colorado

0-10157

84-0846529

(State of
Incorporation)

(Commission File
Number)

(IRS Employer
Identification No.)




5555 San Felipe, Suite 725

Houston, Texas  77056

(Address of principal executive offices)  (Zip Code)

(713) 622-5550
(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)


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 (see General Instruction A.2. below):


[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))









Item 4.01    Changes in Registrant’s Certifying Accountant


(a)

Dismissal of Independent Registered Public Accounting Firm



On October 7, 2005, Stonefield Josephson, Inc. were terminated as the independent accountants for Capco Energy, Inc. (the “Registrant”).  

  


Stonefield Josephson, Inc.’s report on the Registrant’s financial statements for the year ended   December 31, 2004, contained no adverse opinion or disclaimer of opinion nor was it qualified as to audit scope or accounting principles. Stonefield Josephson Inc.’s report on the Registrant’s financial statements for the year ended December 31, 2003, included an explanatory paragraph expressing substantial doubt about the Registrant’s ability to continue as a going concern.  


The Registrant’s Audit Committee made the decision to terminate its prior accountants to utilize the services of a firm local to its primary business activities.


In connection with the prior audits for the years ended December 31, 2004 and 2003, and during the interim period from January 1, 2005, to October 7, 2005, there have been no disagreements with Stonefield Josephson, Inc. on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure.


The Registrant has requested that Stonefield Josephson, Inc. review this disclosure and that firm has been given an opportunity to furnish the Registrant with a letter addressed to the Commission containing any new information, clarification of the Registrant’s expression of its views, or the respect in which it does not agree with the statements made by the Registrant herein.  Such letter is filed as an exhibit to this Report.


(b)

Engagement of New Independent Registered Public Accounting Firm


On October 10, 2005, the Registrant engaged Malone & Bailey, PC as its independent accountants.


The Registrant did not consult with Malone & Bailey, PC with regard to any matter concerning the application of accounting principles to any specific transactions, either completed or proposed, or the type of audit opinion that might be rendered with respect to the Registrant’s financial statements.



Item 9.01    Financial Statements and Exhibits


       (a)

 Financial Statements – not applicable


       (b)

 Proforma Financial Information – not applicable


       (c)

 Exhibits


  Exhibit 16.1    Letter from Stonefield Josephson, Inc.




2






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, hereunto duly authorized.



CAPCO ENERGY, INC.



Dated: October 28, 2005

By:/s/ Ilyas Chaudhary

Ilyas Chaudhary

Chief Executive Officer



3





Exhibit  16.1



October 26, 2005



Office of the Chief Accountant

Securities and Exchange Commission

450 Fifth Street, NW

Washington, D.C.  20549




Re:  Capco Energy, Inc.  (File no. 0-10157)



We have read Capco Energy Inc.’s statements included under Item 4.01 (a) in the attached Form 8-K/A dated October 7, 2005, in connection with the termination of our services as the independent registered public accounting firm for the Company, and are in agreement with the statements contained therein.


Yours very truly,


/s/ Stonefield Josephson, Inc.



Stonefield Josephson, Inc.

Irvine, California



Encl. Proposed Form 8-K








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