SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 1, 2002
INLAND RESOURCES INC.
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(Exact name of registrant as specified in its charter)
Washington 0-16487 91-1307042
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(State of incorporation) (Commission File No.) (IRS Employer
Identification No.)
410 17TH STREET, SUITE 700, DENVER, COLORADO 80202
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(Address of principal execute offices, including zip code)
(303) 893-0102
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(Registrant's telephone number, including area code)
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ITEM 4. CHANGES TO REGISTRANT'S CERTIFYING ACCOUNTANT
On August 1, 2002, Arthur Andersen LLP ("Andersen") was dismissed as independent
accountants for Inland Resources Inc. (the "Company"), effective immediately,
and KPMG LLP ("KPMG") was appointed as the Company's new independent accountants
for the fiscal year ending December 31, 2002. The decision to dismiss Andersen
was approved by the Board of Directors on August 1, 2002.
Andersen's reports on the Company's financial statements for the two fiscal
years ended December 31, 2000 and December 31, 2001, did not contain an adverse
opinion or disclaimer of opinion and were not qualified or modified as to
uncertainty or audit scope. In addition, such reports were not qualified or
modified as to accounting principles except that the audit report of Andersen
for the fiscal year ended December 31, 2001 contained an explanatory paragraph
with respect to the change in the method of accounting for derivative
instruments effective January 1, 2001 as required by the Financial Accounting
Standards Board. During the Company's two most recent fiscal years and the
period from January 1, 2002 through the date of Andersen's termination, there
were no disagreements between the Company and Andersen on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements, if not resolved to the satisfaction of
Andersen, would have caused it to make reference to the subject matter of the
disagreements in connection with its reports. In addition, during the
above-stated period, there were no reportable events as defined in Item
304(a)(1)(v) of Regulation S-K.
The Company has provided a copy of the foregoing statements to Andersen.
Although the Company requested a letter from Andersen stating its agreement with
such statements and although the Company has used reasonable efforts to obtain
such letter, the Company has not been able to obtain the letter.
During the Company's two most recent fiscal years ended December 31, 2001, and
the subsequent interim periods through the date of this Report, the Company did
not consult with KPMG regarding any of the matters or events set forth in Item
304(a)(2)(i) and (ii) of Regulation S-K.
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.
INLAND RESOURCES INC.
August 1, 2002 /s/ Bill I. Pennington
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Bill I. Pennington, President/CFO
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