SEC Comment Letter for DYNAMIC OIL & GAS INC (CIK 0000847535) — Nov 16, 2005
DYNAMIC OIL & GAS INC (CIK 0000847535)
Date: Nov. 16, 2005 · CIK: 0000847535 · Accession: 0000000000-05-057872
AI Filing Summary & Sentiment
Referenced dates: September 14, 2005, September 14, 2005
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<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.txt
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November 15, 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 September 14, 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 response number 2 of your letter dated September 14,
2005
please disclose that the reserves determined under Canadian rule
NI
51-101 also meet the definition of proved reserves as found in
Rule 4-
10(a) of Regulation S-X.
Closing Comments
As appropriate, please amend your registration statement in
response to these comments. You may wish to provide us with
marked
copies of the amendment to expedite our review. Please furnish a
cover letter with your amendment that keys your responses to our
comments and provides any requested supplemental information.
Detailed cover letters greatly facilitate our review. Please
understand that we may have additional comments after reviewing
your
amendment and responses to our comments.
We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filings reviewed by the staff to
be
certain that they have provided all information investors require
for
an informed decision. Since the company and its management are in
possession of all facts relating to a company`s disclosure, they
are
responsible for the accuracy and adequacy of the disclosures they
have
made.
We will consider a written request for acceleration of the
effective date of the registration statement as a confirmation of
the
fact that those requesting acceleration are aware of their
respective
responsibilities under the Securities Act of 1933 and the
Securities
Exchange Act of 1934 as they relate to the proposed public
offering of
the securities specified in the above registration statement. We
will
act on the request and, pursuant to delegated authority, grant
acceleration of the effective date.
We direct your attention to Rules 460 and 461 regarding
requesting acceleration of a registration statement. Please allow
adequate time after the filing of an amendment for further review
before submitting a request for acceleration. Please provide this
request at least two business days in advance of the requested
effective date.
You may contact James Murphy at (202) 551-3703 with questions
regarding 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.
November 15, 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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