Pacific Coast Oil Trust: auditor change — Pacific Coast Oil Trust auditor PKF resigns; cites allegations and missing ARO documentation

Pacific Coast Oil Trust

PKF resigned on July 11, 2025, without completing audits for years 2019-2024 or reviews for 2023-2025.
PKF flagged former employee allegations against PCEC that may materially impact fairness/reliability of Trust's financials.
PKF did not receive requested documentation supporting asset retirement obligation estimates from PCEC.
Trustee's investigation hindered by PCEC's failure to loan sufficient funds; Trust expects to miss Q2 2025 10-Q deadline.
Trust has not yet identified a successor independent auditor.

item 4.01

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

Pannell Kerr Forster of Texas, P.C. resigned as auditor of Pacific Coast Oil Trust.

Action: resignation
Auditor: Pannell Kerr Forster of Texas, P.C.

Exact text from the filing

On July 11, 2025, Pannell Kerr Forster of Texas, P.C. (“PKF”) resigned as the independent registered public accounting firm of Pacific Coast Oil Trust

View on SEC.gov

Browse all auditor changes →

Source: SEC EDGAR

accession 0001104659-25-068702

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.