UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 Or 15(d) of the Securities Exchange Act of 1934
February 15, 1999
Date of Report
(Date of earliest event reported)
FUTURE PETROLEUM CORPORATION
(Exact name of small business issuer as specified in its charter)
Utah 0-8609 87-0239185
(State or other jurisdiction of (Commission file number) (I.R.S. Employer
incorporation or organization) Identification No.)
700 Louisiana, Suite 3700
Houston, Texas 77002
(Address of principal executive offices, including zip code)
(713) 236-9792
(Issuer's telephone number, including area code)
2351 West Northwest Highway, Suite 2130
Dallas, Texas 75220
(Former address, changed since last report)
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) Previous Independent Auditors
On February 23, 1999, Future Petroleum Corporation ("Future") dismissed
Hein & Associates LLP ("Hein"), as Future's independent auditors. The
dismissal of Hein was approved by the Board of Directors of Future.
The reports of Hein on the financial statements of Future for the past two
years have not contained an adverse opinion or a disclaimer of opinion and were
not qualified or modified as to uncertainty, audit scope, or accounting
principles. During Future's two most recent fiscal years and through February
23, 1999, there were no disagreements with Hein on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure, which disagreements if not resolved to the satisfaction of
Hein would have caused Hein to make reference to the subject matter of the
disagreement in its report on the financial statements for such years. During
Future's two most recent fiscal years and through February 23, 1999, there were
no reportable events as that term is defined in Item 304(a)(1)(v)
of Regulation S-K.
Future has provided the above disclosures to Hein and requested that Hein
furnish Future with a letter addressed to the Securities and Exchange Commission
stating whether or not Hein agrees with the above statements, and to the extent
that Hein does not agree, stating the respects in which Hein does not agree. A
copy of the letter, dated February 24, 1999, is filed as Exhibit
16 to this Form 8-K.
(b) New Independent Auditors
Future engaged PricewaterhouseCoopers LLP ("Pricewaterhouse") as its
independent auditors on February 15, 1999. During Future's two most recent
fiscal years and through February 15, 1999, Future has not consulted with
Pricewaterhouse regarding:
(1) either the application of accounting principles to a
specified transaction, either completed or proposed; or
the type of audit opinion that might be rendered on
Future's financial statements, and neither a written
report was provided to Future nor oral advice was
provided that Pricewaterhouse concluded was an important
factor considered by Future in reaching a decision as to
the accounting, auditing or financial reporting issue;
or
(2) any matter that was either the subject of a
disagreement, as that term is defined in paragraph
304(a)(1)(iv) of Regulation S-K and the related
instructions to Item 304 of Regulation S-K or a
reportable event, as that term is defined in paragraph
304(a)(1)(v) of Regulation S-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not applicable to this filing.
(b) Pro forma Financial Information.
Not applicable to this filing.
(c) Exhibits
The following exhibits are included as part of this report:
EXHIBIT
NUMBER TITLE OF DOCUMENT
___________________________________________________________________
___________________________________________________________________
16 Letter from Hein & Associates LLP regarding
change in certifying auditor.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Future Petroleum Corporation
(Registrant)
/s/ Tim J. Goff
Dated: February 25, 1999 By: Tim J. Goff,
President
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