Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

E-mail from Steve Haag
(the sources he mentions are 2 .pdf files from this site
http://www.pcaobus.org/
he attached them to the email, here are the file names.)
PCAOB-All.pdf 1817K
SupportFeeFAQ.pdf 73K

Hi Steve

I found a DPDW listing on this PCAOB list showing that DPDW has paid their share
of the accounting support fee.
I was wondering if this might mean DPDW is now in full compliance with Sarbanes-Oxley ,
or if this is just one of those steps in reaching compliance?
Anything you can share on this would be appreciated.
Joe

List of Issuers with No Outstanding
Past-Due Share of the Accounting Support Fee
Confirmation under PCAOB Rule 7103(b)
As of August 27, 2008

Deckers Outdoor Corp
DECOMA INTL INC -CL A
DECORATOR INDUSTRIES
INC
Decorize Inc
Deep Down Inc
DEEP WELL OIL & GAS INC
Deere & Co
Deerfield Capital Corp
http://www.pcaobus.org/Support_Fees/Issuers_Paid.pdf

His reply:

subject RE: PCAOB Rule 7103(b)
mailed-by deepdowninc.com

Joe:
Here are some resources to further explain the PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB).

And, I think your "just one of those steps.." description is best. You see how qualifying entities share the PCAOB's costs.

Here are some excerpts from PCAOB sources that succinctly describe the criterion that triggers the fee and responsibilities of the PCAOB regarding the fee:

"Pursuant to PCAOB Rule 7101, Equity Issuers and Investment Company Issuers are subject to the accounting support fee. Equity Issuers are publicly traded companies with average monthly equity market capitalization, based on all classes of common stock, greater than $25 million during the prior calendar year..."

SOURCE: PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD, April 28, 2008: Frequently Asked Questions The Accounting Support Fee and the Funding Process

"...The Board shall calculate an accounting support fee each year. The accounting support fee shall equal the budget of the Board, as proved by the Commission, less the sum of all registration fees and annual fees received during the preceding calendar year from public accounting firms, pursuant to Section 102(f) of the Act and the Rules of the Board.
[Effective pursuant to SEC Release No. 34-48278; File No. PCAOB-2003-02; August 1, 2003]"

SOURCE: PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD, November 28, 2008: BYLAWS and RULES
OF THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD
I hope the above excerpts and the attached. BYLAWS and RULES, and a support fee FAQs, prove useful.

Please feel free to contact me should you have further need.

Best regards,

--Steve Haag
investor relations

Deep Down, Inc. (OTCBB: DPDW)

[e-mail]



281-862-2201 (O)

281-862-2522 (F)

These are simply my personal comments, and should not be relied upon in your investment decisions. I strongly urge you to conduct your own due diligence with regard to any investment in Deep Down, Inc. I respectfully refer you to Deep Down's filings with the United States Securities and Exchange Commission.