Penn West warns of $181m errors

Canada’s Penn West Petroleum has warned it may need to refile several years of its accounts after an ongoing audit found its property, plant and equipment may have been overstated by C$181 million ($166.5 million).

Book errors: Penn West uncovers operating costs listed as capital expenditure
Book errors: Penn West uncovers operating costs listed as capital expenditure
Published 30 July 2014, 10:24Updated 11 October 2016, 16:21
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