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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) FEBRUARY 18, 2000
CUBIC ENERGY, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
TEXAS 0-9355 87-0352095
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(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
1720 NORTHWEST HIGHWAY, SUITE 320, GARLAND, TEXAS 75041
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (972) 686-0369
Roseland Oil and Gas, Inc.
(Former name or former address, if changed since last report.)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective February 18, 2000, the Board of Directors of the Company
approved the engagement of Philip Vogel & Co. PC ("Vogel") as the Company's
independent auditors for the fiscal year ending June 30, 2000 to replace the
firm of Weaver and Tidwell L.L.P. ("Weaver and Tidwell"). Vogel was selected
by the Board of Directors following the transfer of the Company's primary
accountant from Weaver and Tidwell to Vogel.
The reports of Weaver and Tidwell on the Company's financial statements
for the past two fiscal years did not contain an adverse opinion or a
disclaimer of opinion and were not qualified or modified as to uncertainty,
audit scope or accounting principles.
In connection with the audits of the Company's financial statements for
each of the two fiscal years ended June 30, 1998 and June 30, 1999, and in the
subsequent interim period, there were no disagreements with Weaver and Tidwell
on any matters of accounting principles or practices, financial statement
disclosure, or auditing scope and procedures which, if not resolved to the
satisfaction of Weaver and Tidwell would have caused Weaver and Tidwell to
make reference to the matter in their reports. In addition, during the
aforementioned fiscal years and the interim period during which Weaver and
Tidwell served the Company, the Company had no reportable events as defined in
Item 304(a)(1)(v) of Regulation S-K, promulgated pursuant to the Securities
Exchange Act of 1934, as amended.
Weaver and Tidwell has not advised the Company during the two most recent
fiscal years and in the subsequent interim period that: (i) the internal
controls necessary for the Company to develop reliable financial statements do
not exist; (ii) information has come to their attention that has led them to
no longer be able to rely on management's representations, or that has made
them unwilling to be associated with the financial statements prepared by
management; (iii) there was a need to expand significantly the scope of its
audits, or (iv) information has come to their attention that they have
concluded will, or that if further investigated might, materially impact the
fairness or reliability of either previously issued audit reports or the
underlying financial statements, or the financial statements issued or to be
issued covering the fiscal period subsequent to the date of the most recent
audited financial statements.
No consultations occurred between the Company and Vogel during the two
fiscal years and any interim period preceding the appointment of Vogel
regarding the application of accounting principles, the type of audit opinion
that might be rendered or other information considered by the Company in
reaching a decision as to any accounting, auditing or financial reporting
issue.
The Registrant has authorized Weaver and Tidwell to respond to all
inquiries of Vogel.
The Company has filed a letter from Weaver and Tidwell addressed to the
United States Securities and Exchange Commission stating that it agrees with
the disclosures made herein. This letter is filed as an exhibit to this
Current Report on Form 8-K.
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Letter from Weaver and Tidwell dated February 21, 2000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
CUBIC ENERGY, INC.
(Registrant)
Date February 24, 2000 /s/ John S. Ross
John S. Ross
Secretary
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Exhibit 99.1
[Weaver & Tidwell, LLP Letterhead]
February 21, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Cubic Energy, Inc. (Commission File Number 0-9355)
We have read the Current Report on Form 8-K, dated February 18, 2000, of
Cubic Energy, Inc. (the Registrant) related to the change of auditors whereby
the client-auditor relationship between the Registrant and Weaver and
Tidwell, L.L.P. has ceased.
This is to advise you that Weaver and Tidwell, L.L.P. has no matters of
disagreement with respect to the statements made in the aforementioned Form
8-K of the Registrant.
/s/ WEAVER AND TIDWELL, L.L.P.
cc: Calvin A. Wallen III
President & CEO
Cubic Energy, Inc.
