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
Date of Report
(Date of earliest event reported)
July 16, 1996
TRANSMONTAIGNE OIL COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-11763 06-1052062
(State of incorporation) (Commission file number) (IRS Employer
Identification No.)
370 17th Street, Republic Plaza, Suite 900, Denver, CO 80202
(Address of principal executive offices) (Zip Code)
(303) 605-1798
(Registrant's telephone number)
Item 4. Changes in Registrant's Certifying Accountant
Cooper & Lybrand L.L.P. served as independent accountant for
Sheffield Exploration Company, Inc. for the years ended June 30, 1995
and 1994. On July 16, 1996, the Company's Board of Directors, in
connection with the change in control of the Registrant previously
reported, selected KPMG Peat Marwick LLP to serve as its independent
accountant with respect to periods after the change in control. The
Board of Director's failure to select Cooper & Lybrand L.L.P. as the
Company's independent accountants constitutes their being "dismissed"
as such term is used in Item 304 of Regulation S-K, under the
Securities Act of 1933, as amended.
Coopers & Lybrand L.L.P.'s reports on the Company's financial
statements for the years ended June 30, 1995 and 1994 did not contain
an adverse opinion or disclaimer of opinion and were not qualified as
to audit scope or accounting principles. During the years ended June
30, 1995 and 1994 or for any subsequent interim period, the Company
has not had any disagreement with Coopers & Lybrand L.L.P. on any
matter of accounting principles, financial statement disclosure, or
auditing scope or procedures which disagreement if not resolved to the
satisfaction of Coopers & Lybrand L.L.P., would have caused Coopers &
Lybrand L.L.P. to make reference to the subject matter of the
disagreement in connection with its report.
Item 7. Financial Statements and Exhibits
c. Exhibits
Exhibit No. Description
16 Letter regarding Change in Certifying Independent Accountant
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 hereunto duly authorized.
Date: July 23, 1996 TRANSMONTAIGNE OIL COMPANY
By: /s/ Frederick W. Boutin
Frederick W. Boutin
Senior Vice President
Exhibit 16
July 23, 1996
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
We have read the statements made by TransMontaigne Oil Company
(formerly Sheffield Exploration Company) (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 report dated July 23,
1996. We agree with the statements concerning our Firm in such Form
8-K.
Very truly yours,
Coopers & Lybrand L.L.P.
