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F.K. Matulionis and Associates Ltd. offer a full line of audit consulting services specializing in the following areas:

Drilling, Completion and Equipping Capital Expenditures
Oil, Gas and NGL Production and Revenues
Crown and ORR Royalties
Gas Cost Allowance
Processing and Transportation Fee Verification
Plant, Battery and Pipeline Construction Costs
Vendor Contract Compliance
Plant, Battery, Gathering and Well Operating Expenditures
Plant Allocations
Throughput Equalizations
Excess Capacity Calculations
Well Payout Calculations
Due Diligence
Purchase Settlement/Final Statement of Adjustments
Change of Operator
Geophysical Expenditures
Internal ORR Verifications
NGL Profit Share Calculations
NGL Cost of Service Calculations
NGL Facility Operations
International Audits (Middle East/Australia/USA)

Audit Procedures:

F.K. Matulionis & Associates Ltd. adheres to standard audit procedures used in the oil and gas industry as well as guidelines specifically outlined by the Petroleum Accountants Society of Canada (PASC) Bulletin #5 (Joint Venture Audit Revenue Auditing Guide) and Bulletin #8 (Joint Venture Expenditure Audit Guide). We work in conjunction with our clients in order to develop an audit program that addresses the concerns and requirements of each client.

For over 40 years F.K. Matulionis & Associates Ltd has been providing audit consulting services to hundreds of oil and gas corporations. We are committed to providing the highest quality of audit consulting services possible using the most qualified personnel available. We are committed to maximizing recoveries to our clients and maintaining good working relationships with the companies we audit. We believe in honesty, integrity, confidentiality, reliability and hard work. We would be more than happy to provide corporate references upon request.

F.K. Matulionis & Associates Ltd. employs a fully diversified staff of highly skilled and professionally trained audit consultants. Each consultant has a strong educational background with many years of related oil and gas accounting and audit industry experience. Specifically these consultants are: