SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A2
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 26, 1997
Commission File Number: 0-7914
BASIC EARTH SCIENCE SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 84-0592823
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification Number)
633 Seventeenth St., Suite 1670
Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
(303) 294-9525
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(Registrant telephone including area code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period the registrant was required to
file such reports), and (2) has been subject to such filing requirements for the
past 90 days.
Yes ( X ) No ( )
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practical date.
Common Stock: 16,580,487
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INFORMATION INCLUDED IN REPORT
Item 4. Changes in Registrant's Certifying Accountant
(a) Replacement of Former Independent Accountant
On April 26, 1997, the Board of Directors of the Registrant approved the
dismissal of Arthur Andersen LLP as the Registrant's independent public
accountant and auditor for the fiscal year ended at March 31, 1997. Such action
was taken based on the belief that a smaller firm would better serve the
Registrant.
None of the Registrant's financial statements audited by Arthur Andersen LLP
commencing from the fiscal year ended March 31, 1994 through the fiscal year
ended March 31, 1996 contained an adverse opinion or disclaimer of opinion or
was qualified or modified as to uncertainty, audit scope or accounting
principle. Also, during this period and up to and including April 26, 1997, the
effective date of the dismissal, there were no disagreements with Arthur
Andersen LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure.
(b) Appointment of New Independent Accountant
Effective as of May 1, 1997, the Registrant's new independent public accountant
is BDO Seidman, LLP, whose business address is 303 E. Seventeenth Avenue, Suite
600, Denver Colorado 80203. The appointment of BDO Seidman, LLP as the
Registrant's independent public accountant was approved by the Board of
Directors of the Registrant.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired.
None.
(b) Pro forma Financial Information.
None.
(c) Exhibits.
Exhibit No. Document
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16 Letter Re: Change in Certifying Accountant
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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, thereunto duly authorized.
(registrant) BASIC EARTH SCIENCE SYSTEMS, INC.
(date) May 30, 1997
(signature) By: /s/ Ray Singleton, President
(name, title) Ray Singleton, President
May 30, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by Basic Earth Science Systems, Inc. (copy
attached), which we understand will be filed with the Commission, pursuant to
Item 4 of Form 8-K, as part of the Company's Form 8-K/A2 report on May 30, 1997.
We agree with the statements concerning our Firm in such Form 8-K/A2.
Very truly yours,
ARTHUR ANDERSEN LLP
Attachment
