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

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