-----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, RaPt+PKeyGCEDCvnzcCziXNmOz38kutRuhyo/imqX2dSS6gsOY99jcxcqSLAqIpz 1Y+f99vtlbgOjUyo5Rvb1A== 0001010549-02-000098.txt : 20020414 0001010549-02-000098.hdr.sgml : 20020414 ACCESSION NUMBER: 0001010549-02-000098 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020225 ITEM INFORMATION: Changes in registrant's certifying accountant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLUE DOLPHIN ENERGY CO CENTRAL INDEX KEY: 0000793306 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 731268729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15905 FILM NUMBER: 02557273 BUSINESS ADDRESS: STREET 1: 801 TRAVIS SUITE 2100 CITY: HOUSTON STATE: TX ZIP: 77002-5729 BUSINESS PHONE: 7132277660 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA SUITE 1606 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: ZIM ENERGY CORP DATE OF NAME CHANGE: 19870921 FORMER COMPANY: FORMER CONFORMED NAME: MUSTANG RESOURCES CORP DATE OF NAME CHANGE: 19900122 8-K 1 bluedol8k022502.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934 Date of Report: (Date of earliest event reported): February 25, 2002 (February 15, 2002) Blue Dolphin Energy Company (Exact name of registrant as specified in its charter) Delaware 0-15905 73-1268729 (State of Incorporation) (Commission File Number) (IRS Employer Identification No.) 801 Travis, Suite 2100 Houston, Texas 77002 (Address of Registrant's principal executive offices) (713) 227-7660 (Registrant's telephone number, including area code) (Not Applicable) (Former name or former address, if changed since last report) ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT Upon the recommendation of the Registrant's Audit Committee, on February 15, 2002, the Registrant's Board of Directors decided not to renew the engagement of KPMG LLP ("KPMG") as the Registrant's principal accountant and selected Mann Frankfort Stein & Lipp CPAs, LLP ("Mann Frankfort") as KPMG's replacement. In connection with the audits of the Registrant's two fiscal years ended December 31, 2000, and the subsequent interim period through February 15, 2002, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements if not resolved to their satisfaction would have caused them to make reference in connection with their opinion to the subject matter of the disagreement. The audit reports of KPMG on the consolidated financial statements of the Registrant and subsidiaries as of and for the years ended December 31, 2000 and 1999 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles, except as follows: KPMG's report on the Registrant's consolidated financial statements for the years ended December 31, 2000 and 1999 contained a separate paragraph stating that "As discussed in Note 1 to the consolidated financial statements, effective January 1, 1999, the Company changed its method of accounting for costs of start-up activities. A letter from KPMG is attached as Exhibit 16.1 to this Form 8-K. During the two fiscal years ended December 31, 2000 and the subsequent interim period prior to engaging Mann Frankfort, neither the Registrant nor anyone on its behalf consulted with Mann Frankfort regarding the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Registrant's financial statements, and neither a written report nor oral advice was provided to the Registrant by Mann Frankfort that was an important factor considered by the Registrant in reaching a decision as to any accounting, auditing or financial reporting issue. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 16.1 Letter from KPMG LLP dated February 25, 2002. 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: February 25, 2002 BLUE DOLPHIN ENERGY COMPANY /s/ G. Brian Lloyd ------------------------- G. Brian Lloyd Vice President, Treasurer 3 INDEX TO EXHIBITS Exhibit Description of Exhibit - ------- ---------------------- 16.1 Letter from KPMG LLP dated February 25, 2002. 4 EX-16.1 3 bluedol8kex161022502.txt LETTER FROM KPMG, LLP Exhibit 16.1 February 25, 2002 Securities and Exchange Commission Washington, D.C. 20549 Ladies and Gentlemen: We were previously principal accountants for Blue Dolphin Energy Company ("Blue Dolphin") and, under the date of March 23, 2001, we reported on the consolidated financial statements of Blue Dolphin as of and for the years ended December 31, 2000 and 1999. On February 15, 2002, our appointment as principal accountants was terminated. We have read Blue Dolphin's statements included under Item 4 of its Form 8-K dated February 25, 2002, and we agree with such statements except as follows: o We are not in a position to agree or disagree with Blue Dolphin's statement that Blue Dolphin's board of directors decided not to renew the engagement of KPMG LLP as principal accountant and selected Mann Frankfort Stein & Lipp CPAs, LLP as KPMG LLP's replacement based upon the recommendation of Blue Dolphin's Audit Committee, and o We are not in a position to agree or disagree with Blue Dolphin's statements that Mann Frankfort Stein & Lipp CPAs, LLP had not been consulted regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered on Blue Dolphin's consolidated financial statements. Very truly yours, /s/ KPMG LLP ------------- KPMG LLP -----END PRIVACY-ENHANCED MESSAGE-----