Summary of SANTA FE PETROLEUM, INC.

Item 4.01. Changes in Registrant's Certifying Accountants

(a) Effective July 10, 2012, Santa Fe Petroleum, Inc. (the "Registrant") dismissed Weinberg & Baer LLC ("Weinberg") as the Registrant's certifying accountants. The Registrant's Board of Directors approved this action. The reports of Weinberg on the Registrant's financial statements for each of the fiscal years ended December 31, 2011 and 2010 and the interim period ended March 31, 2012 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that their report expressed substantial doubt as to the Registrants ability to continue as a going concern.

During the Registrant's two most recent fiscal years and for the interim periods ended March 31, 2012 and June 30, 2012 and through July 10, 2012, there were no "disagreements," as that term is defined in Item 304(a)(1)(iv) of Regulation S-K, promulgated under the Securities Act of 1933, as amended ("Regulation S-K"), with Weinberg 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 Weinberg, would have caused Weinberg to make reference thereto in connection with its reports on the financial statements for those periods. During the Registrant's two most recent fiscal years and through the date of this Current Report on Form 8-K (this "Form 8-K"), there were no "reportable events," as that term is defined in Item 304(a)(1)(v) of Regulation S-K.

The Registrant delivered a copy of this Form 8-K to Weinberg on July 10, 2012. Concurrently therewith, the Registrant requested that Weinberg furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if not, stating the respects in which it does not agree. The Registrant has received the requested letter from Weinberg stating that it does agree, and a copy is filed as Exhibit 16.1 to this Form 8-K.

(b) On July 10, 2012, the Registrant engaged Rothstein Kass as its new independent accountant. The Registrant's Board of Directors approved this action. The decision to dismiss Weinberg and to engage Rothstein Kass was based on the Registrant's business plan for the acquisition, exploration and development of oil and gas properties.

During the Registrant's two most recent fiscal years and through July 10, 2012, neither the Registrant nor any person on the Registrant's behalf has consulted with Rothstein Kass regarding: (i) the application of accounting principles to a specific completed or proposed transaction, or the type of audit opinion that might be rendered on the Registrant's financial statements, or (ii) any matter that was the subject of a disagreement or reportable event.