U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Amendment Number 2
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Earliest Event Reported: March 11, 2002
PANGEA PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Colorado 0-30503 76-0635938
(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification No.)
5090 Richmond Ave., #425
Houston, TX 77056
(Address of principal executive offices, including zip code)
(910) 443-5982
(Registrant's telephone number, including area code)
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
R. B. Bassie & Co., P.C., Independent Public Accountants, audited our balance
sheets as of December 31, 2000 and 1999 and the related statements of
operations, stockholders' deficit and cash flows for the years then ended. Such
financial statements accompanied our Form 10-K for the year ended December 31,
2000 and were filed with the Securities and Exchange Commission on April 16,
2001. The report of R. B. Bassie & Co., P.C. on such financial statements, dated
January 26, 2001, except Notes 7 and 12, which are dated March 23, 2001, did not
contain an adverse opinion or disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope or accounting principles. Our Board of
Directors approved the dismissal of R. B. Bassie & Co., P.C. and we dismissed R.
B. Bassie & Co., P.C. on March 11, 2002.
Ham, Langston & Brezina, LLP, Certified Public Accountants of Houston, Texas,
was appointed by the Company on March 26, 2002, pursuant to a recommendation of
our Chairman of the Board and Chief Executive Officer, Mr. Charles B. Pollock,
to audit our financial statements for our fiscal year ended December 31, 2001.
During our two most recent fiscal years and the subsequent interim period
preceding their appointment as independent accountants, neither the Company nor
anyone on its behalf consulted Ham, Langston & Brezina, L.L.P. regarding either
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 Company's consolidated financial statements, nor has Ham, Langston &
Brezina, L.L.P. provided to the Company a written report or oral advice
regarding such principles or audit opinion.
During our two most recent fiscal years and any subsequent interim period
preceding the date of dismissal, there were no disagreements between R. B.
Bassie & Co., P.C. and us, whether resolved or not resolved, on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which, if not resolved, would have caused them to make
reference to the subject matter of the disagreement in connection with their
reports.
We have provided R. B. Bassie & Co., P.C. with a copy of the disclosure provided
under this caption of this Report, and advised it to provide us with a letter
addressed to the Securities and Exchange Commission as to whether it agrees or
disagrees with the disclosures made herein. Their response is filed with this
Form 8-K as Exhibit 16.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
None
(c) Exhibits
16.1 Letter on change in certifying accountant
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.
PANGEA PETROLEUM CORPORATION
Date: April 23, 2002 By: /s/ Charles B. Pollock
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Charles B. Pollock, Chief Executive Officer