SEC Comment Letter for DYNAMIC OIL & GAS INC (CIK 0000847535) — Aug 10, 2005
DYNAMIC OIL & GAS INC (CIK 0000847535)
Date: Aug. 10, 2005 · CIK: 0000847535 · Accession: 0000000000-05-041191
AI Filing Summary & Sentiment
Referenced dates: July 15, 2005
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<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
<TEXT>
July 20, 2005
Mr. Michael A. Bardell
Chief Financial Officer
Dynamic Oil & Gas, Inc.
#230-10991 Shellbridge Way
Richmond, British Columbia V6X 3C6
Canada
Re: Dynamic Oil & Gas, Inc.
Form 20-F for Fiscal Year Ended December 31, 2004
Filed March 31, 2005
Response Letter dated July 15, 2005
File No. 0-17551
Dear Mr. Bardell:
We have reviewed your filings and have the following
comments.
We have limited our review of your filing to those issues we have
addressed in our comments.
Please provide a written response to our comments. Please be as
detailed as necessary in your explanation. In some of our
comments,
we may ask you to provide us with information so we may better
understand your disclosure. After reviewing this information, we
may
raise additional comments.
Please understand that the purpose of our review process is
to
assist you in your compliance with the applicable disclosure
requirements and to enhance the overall disclosure in your filing.
We look forward to working with you in these respects. We welcome
any questions you may have about our comments or any other aspect
of
our review. Feel free to call us at the telephone numbers listed
at
the end of this letter.
Form 20-F for the Fiscal Year Ended December 31, 2004
Engineering Comments
Estimated Reserves of Crude Oil, Natural Gas and Natural Gas
Liquids,
page 28
1. Regarding your response number 6, please provide performance
graphs of production versus time for the following wells:
Cypress
St. Albert
00/d-38-E/94-B-9/0 03/13-
25-
53-26W4/6
00/a-70-F/94-B-15/0 00/6-
25-
53-26W4/6
00/d-67-F/94-B-15/0 00/15-
36-
53-26W4/2
02/b-27-K/94-B-15/0 02/3-1-
54-
26W4/3
Please annotate on each graph the forecasted future production
that
you estimated as of December 31, 2003.
2. Even though you report reserves under NI 51-101, for U.S.
investors please provide a comparative table and reconciliation
narrative explaining any differences between the estimates using
Commission definitions and the National Instrument 51-101
definitions.
Closing Comments
Please respond to these comments within 10 business days or
tell
us when you will provide us with a response. Please furnish a
letter
that keys your responses to our comments and provides any
requested
information. Detailed letters greatly facilitate our review.
Also,
file the response letter on EDGAR. Please understand that we may
have
additional comments after reviewing your responses to our
comments.
You may contact James Murphy, Petroleum Engineer, at (202)
551-
3703 with questions about engineering comments. Please contact me
at
(202) 551-3745 with any other questions.
Sincerely,
H. Roger Schwall
Assistant Director
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Mr. Michael A. Bardell
Dynamic Oil & Gas, Inc.
June 20, 2005
page 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-0405
DIVISION OF
CORPORATION FINANCE
MAIL STOP 7010
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