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April 2016
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PASC Board of Directors Meeting (9 of 11)
April 2015/16 Meeting
Location: Calgary Petroleum Club
Time: 11:30 am - 1:30 pm
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PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, April 2016
13th Month Adjustments, Darren Reeves
Location: U of C Downtown Campus, 906 - 8 Avenue SW, Computer Lab DTC 140
Time: 7:30 am Registration/Breakfast; 8:00 am - 4:00 pm Session
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PASC Luncheon: April 20, 2016
Crude Oil, Natural Gas and Natural Gas Liquids Marketing
Location: Calgary Petroleum Club (319 5th Avenue SW)
Time: 11:30am - 1:00pm

Crude Oil, Natural Gas and Natural Gas Liquids Marketing:
What Production Accountants may need to know – to help their company survive $40 oil and $2 gas

In an environment of low prices producers are looking at ways to cut costs and improve efficiencies.  Are there ways to do things better in accounting for marketing activities.

What are some of the issues affecting Production Accountants:  Transportation, TIK, low prices, the new midstream environment.

What are marketers looking for  from  accountants and what do accountants need from marketers. Can ( junior) CDN oil and gas companies survive the NDP Government and a federal Liberal Government.

Presenter:  Robert C. Edney, ACME ENERGY MARKETING LTD.
Robert Edney has had over 35 years of experience working in the oil and gas industry.  He is currently President and a Director of Acme Energy Marketing Ltd.  A private company founded in 1997.  Robert oversees the Company’s marketing business which aggregates and markets crude oil, natural gas, natural gas liquids and sulphur from junior and mid-sized energy companies in Western Canada.  He has also been involved in providing analysis of the market implications for gas supply, gas markets, transportation, processing and midstream.

Prior to joining Acme Energy Marketing in 2003, Robert was Managing Director, Origination and co-managed Duke Energy Marketing Canada; in addition he was a Director of Duke Energy Midstream Canada.  Duke Energy Canada marketed and traded an aggregate volume of 3.5 BCF/d, this included Mobil Oil Canada’s portfolio in Alberta, British Columbia and Nova Scotia. He’s also held various marketing roles at Canadian Hunter Exploration and Bow Valley Industries.  He has also been an Expert Witness at several TransCanada Pipelines and Alliance Pipelines rate hearings before the National Energy Board. He has also been an Expert Witness in arbitration and lawsuits cases. Robert holds a Bachelor’s Degree from Carleton University in Ottawa, along with many management courses throughout this career.

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Lunch will be provided with a non-alcoholic beverage, and dessert.

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PASC Event: Meet, mix & mingle!
Location: Calgary Petroleum Club (319 5th Avenue SW)
Time: 4:30 p.m. - 7:00 p.m.

Meet, mix and mingle!

PASC is hosting an opportunity to network with industry peers on Thursday, April 28th at the Calgary Petroleum Club. Members and non-members are welcome to attend, so feel free to bring guests! The event starts at 4:30pm and your $20 ticket includes entry, apps and a drink. Space is limited to 50 individuals, so please register today!

PASC Members: $20.00 +GST
Nonmembers: $20.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)
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May 2016
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PASC Board of Directors Meeting (10 of 11)
May 2015/16 Meeting
Location: Calgary Petroleum Club
Time: 11:30 am - 1:30 pm
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PASC Luncheon: May 18, 2016
Location: Calgary Petroleum Club (319 5th Avenue SW)
Time: 11:30am - 1:00pm

Improving Cash flow in Tough Economic Times

CASH IS KING and this especially true in tough economic times.  The current economic slowdown has impacted the cash flow of most organizations. Most have reduced budgets to the bare minimum but are still experiencing cash flow pressures.  There are other strategies that may improve cash flow.  We work with a variety of companies in the oil and gas industry and we would like to share some of the successful strategies we’ve seen implemented to improve cash flow.  The strategies cover both increasing cash inflows and reducing cash outflows.  The topics will include government grants & incentives, contract audits, and restructuring strategies for various expenditures.

Speakers:
Justin Friesen, Partner, BDO
Justin has over 11 years of experience with BDO and currently serves as a member of BDO’s Energy and Natural Resources Group in Calgary. Justin is the engagement partner for numerous Energy and Natural Resource clients. His experience includes exploration and development companies as well as oilfield
services companies. Justin has also worked with engineering firms, manufacturers and consulting companies that operate exclusively in the petroleum industry. He also has significant assurance experience with multinational companies in the petroleum industry. Justin works almost exclusively with
companies in the Energy and Natural Resource industry and in addition to standard audit and taxation services, provides assistance with IFRS & ASPE transitions, complex debt and equity financing transactions, and business combinations.

Pesh Patel, Partner, BDO
Pesh has over 30 years of manufacturing, research and restructuring industry experience. Over the last 15 years he has focused on the Canadian SR&ED Program and has worked in the oil and gas, chemical, plastic manufacturing and pulp and paper industries. In the late 1990s and 2000s, Pesh represented the interests of Canadian chemical companies on the CRA/SR&ED Partnership Committee. This role gave him the opportunity to participate in developing the CRA Strategic Business plan as he co-led the CRA sub-committees on Program Consistency & Efficiency. Pesh co-chaired the SR&ED Tax Credit working group from 2002 to 2008. Working with CRA-CCPA, Pesh co-authored three Chemical Guidance documents. These guidance documents were used to train CRA and industry stakeholders. Pesh has also led numerous workshops with CRA and CCPA in Calgary, Toronto and Montreal.
Pesh was a National Partner and also the National SR&ED leader for the Canadian Chemicals and Petrochemicals sectors at a major accounting firm prior to joining BDO. He was also a part of the firm’s global chemical leadership team and was on the North American Process Leadership team.


Scott Schroeder, Senior Manager, BDO Consulting-RAS
Scott Schroeder is a Senior Manager in the Western Offices of BDO Canada LLP’s Risk Advisory Services Practice, performing a variety of risk management (both business process and information technology) functions. Scott is a Chartered Professional Accountant, as well as a Certified Information
Systems Auditor.
Scott has over 9 years of experience, including the performance of various internal controls assessments, internal audit and service auditor report services, as well as risk assessments, both from a financial and business perspective.
At TD, Scott functioned as an internal auditor for TD’s investment banking group, which included assessment of Internal Controls over Financial Reporting (ICFR) for various business processed, including TD’s Energy Trading operations, focused in Calgary, Alberta.
While at DBRS, Scott was responsible for the surveillance of various investment-grade issuers of debt in the Energy sector, particularly oil and gas companies. This included assessments of financial and business risk profiles for each issuer, along with assignment of credit ratings based on these assessments, in conjunction with analysis of financial results. Scott’s duties also included ensuring all files were compliant with regulations set out by various governing bodies in Canada, the US and Europe,
including the SEC.

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST

Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Lunch will be provided with a non-alcoholic beverage, and dessert.

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Course: Petroleum Accounting - Introduction
Petroleum Accounting: Introduction
Location: PASC Office, Classroom (600, 900 6th Avenue SW)
Time: Daily: Brekfast & registration 8:00am; Course 8:30 am - 4:30 pm

Introduction to Petroleum Accounting
Format: 2-day

Date: May 25 & 26 (2-day course)
Time: 8:30am - 4:30pm, Registration & breakfast at 8:00am
Place: PASC Office, Classroom (600, 900 6th Avenue SW)

This seminar has been specifically designed to provide an introduction to the Petroleum and Natural Gas Industry and a review of the basic accounting principles and procedures in regular use by the industry. Topic areas include: geology, drilling and completions, field facilities, joint venture accounting, production and revenue accounting, and financial and management accounting.

Day 1

Petroleum Geology
The course covers petroleum geology, geophysics, land ownership, and land survey systems.  It describes the origin, structure, and evolution of the earth, and the nature and origin of petroleum.  It reviews different types of petroleum reservoirs, including their rock properties and structures, and shows how these contribute to the generation, migration, and trapping of oil and gas.  It also shows how geological and geophysical information from wells and seismic surveys can be integrated to locate new petroleum reservoirs.  It discusses the regulation of mineral ownership, including oil and gas, in Canada, with a particular focus on Alberta and B.C.   In particular, it explains the difference between surface and subsurface rights, the consequent obligations of exploration and production companies, and the role of the landman in implementing those obligations.  The course also discusses the basics of joint ventures, including farm-ins, farm-outs, and partnerships.  Finally it describes the Dominion Land Survey (DLS) system and the National Topographic System (NTS), used to define well locations and provide unique well identifiers (UWIs).

Reservoir, Drilling, Completions & Production
This portion of the course discusses the steps after our exploration personnel have decided on a drilling location and the land personnel have acquired the mineral and surface rights. 

A reservoir engineer is engaged to determine the viability of the target formations to hold petroleum and the potential for their economic production. At first, they must determine if there is any natural energy that will allow the well to flow. Then, based on information that is gathered during the drilling operation and also on information from other wells in the area, the reservoir engineer can estimate the amount of petroleum that has been discovered. As production occurs, the engineer can then determine if there are any recovery methods that can enhance both the production rate and the overall recovery. 

The various steps in the drilling operation will be discussed along with the different components of the drilling rig. 

Once a well has been drilled, the results of the operation are evaluated and the geologic results are examined to determine if well will be economic. Hopefully, this is the case and we will be able to complete the well, equip it and eventually make a profit. In this section we will discuss some of the common well completions and other operations that are performed on a well during its life. 

Production Facilities
Now that the well is completed, it can be put on production. Usually a well will flow for the first portion of its life. However, the production rate will decline over time. Once this happens, we can install some form of artificial lift to increase the production rate. We will discuss some of the common methods and equipment. 

Produced petroleum must be gathered and treated to bring it to market specifications. We do this by sending gas to gas plants and oil to oil batteries. This portion of the module will discuss some of the equipment that is used for these purposes.

Joint Interest Accounting
The Joint Interest Accounting portion of the course describes reasons for joint operations and provides detail on methods used in agreements including ; Farm-In/Farm-Out, Carried Interest, Net Profits Interest, Mutual Joint Venture, and Unitization.

The Production and Revenue Accounting portion of the course includes the basic functions of a production accountant including ; Prorating Production, Pipeline Splits, Royalties, Non-Owner Fees, Gas Cost Allowance, and Equalizations.

Day 2

Production & Revenue Accounting
TBA

Financial & Management Accounting
TBA

Instructors:
Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Mark Lane
Mark Lane has been studying and working in the earth sciences since 1980 and has a gained a wide variety of related experience.  He has worked for oil and gas companies, seismic service companies, universities, and technical institutes.  His career has ranged through oil and gas exploration, geophysical research, computer programming, and employee development.  He has been teaching geophysics and geology since 2005, most recently for Mount Royal University, SAIT Polytechnic, and the Petroleum Accountants Society of Canada.  He is currently providing training services through his company, Mentromorphic Consulting Ltd.

Mel Miners
Mel has over 40 years of experience in the petroleum and related industries. For the last 19 years he has worked as an independent consultant mainly as a reservoir engineer through his company Martlet Inc. More recently, Mel has been associated with Corvelle Consulting to provide guidance on EPAP and other related topics. As an advocate of life-long learning, he has obtained two advanced degrees and multiple short-course certificates. He has also been involved in teaching various courses at both SAIT Polytechnic and Mount Royal University. He is a member of APEGA, CSChE, CAPPA and SPE.

Monique Tenn
Monique Tenn has been working in the oil and gas industry for over 25 years.  Although she started her career at Dome Petroleum Limited, she has worked in the junior sector for the last 15 years.  She is a consulting controller providing financial reporting services to both public and private companies, and survived the process of transitioning to IFRS.  She is currently controller at Westbrick Energy Ltd, a privately-held company.

Richard MacKelvie
In June 2008, Richard joined Canadian Natural as a Joint Venture Auditor.  Richard's qualifications include: Professional accounting designation qualification - Certified Management Accountant (CMA) (1989) and Bachelor of Commerce Degree from the University of Ottawa, School of Business (1983).  In addition Richard has over 30 years of audit and accounting experience with senior and mid-size oil and gas upstream companies (mostly JV and vendor audits).

Tracy Kozak
Tracy Kozak has been in the oil and gas industry for 17 years.  She has worked at Baytex Energy Ltd. for 14 of those years.  During her time in the industry she has had various roles within the accounting department.  She has experience in Accounts payable, Non-Operated Joint Venture, Operated Joint Venture, Audits, Payouts and most recently the Capital accounting department.

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Course: Petroleum Accounting - Introduction
Petroleum Accounting: Introduction
Location: PASC Office, Classroom (600, 900 6th Avenue SW)
Time: Daily: Brekfast & registration 8:00am; Course 8:30 am - 4:30 pm

Introduction to Petroleum Accounting
Format: 2-day

Date: May 25 & 26 (2-day course)
Time: 8:30am - 4:30pm, Registration & breakfast at 8:00am
Place: PASC Office, Classroom (600, 900 6th Avenue SW)

This seminar has been specifically designed to provide an introduction to the Petroleum and Natural Gas Industry and a review of the basic accounting principles and procedures in regular use by the industry. Topic areas include: geology, drilling and completions, field facilities, joint venture accounting, production and revenue accounting, and financial and management accounting.

Day 1

Petroleum Geology
The course covers petroleum geology, geophysics, land ownership, and land survey systems.  It describes the origin, structure, and evolution of the earth, and the nature and origin of petroleum.  It reviews different types of petroleum reservoirs, including their rock properties and structures, and shows how these contribute to the generation, migration, and trapping of oil and gas.  It also shows how geological and geophysical information from wells and seismic surveys can be integrated to locate new petroleum reservoirs.  It discusses the regulation of mineral ownership, including oil and gas, in Canada, with a particular focus on Alberta and B.C.   In particular, it explains the difference between surface and subsurface rights, the consequent obligations of exploration and production companies, and the role of the landman in implementing those obligations.  The course also discusses the basics of joint ventures, including farm-ins, farm-outs, and partnerships.  Finally it describes the Dominion Land Survey (DLS) system and the National Topographic System (NTS), used to define well locations and provide unique well identifiers (UWIs).

Reservoir, Drilling, Completions & Production
This portion of the course discusses the steps after our exploration personnel have decided on a drilling location and the land personnel have acquired the mineral and surface rights. 

A reservoir engineer is engaged to determine the viability of the target formations to hold petroleum and the potential for their economic production. At first, they must determine if there is any natural energy that will allow the well to flow. Then, based on information that is gathered during the drilling operation and also on information from other wells in the area, the reservoir engineer can estimate the amount of petroleum that has been discovered. As production occurs, the engineer can then determine if there are any recovery methods that can enhance both the production rate and the overall recovery. 

The various steps in the drilling operation will be discussed along with the different components of the drilling rig. 

Once a well has been drilled, the results of the operation are evaluated and the geologic results are examined to determine if well will be economic. Hopefully, this is the case and we will be able to complete the well, equip it and eventually make a profit. In this section we will discuss some of the common well completions and other operations that are performed on a well during its life. 

Production Facilities
Now that the well is completed, it can be put on production. Usually a well will flow for the first portion of its life. However, the production rate will decline over time. Once this happens, we can install some form of artificial lift to increase the production rate. We will discuss some of the common methods and equipment. 

Produced petroleum must be gathered and treated to bring it to market specifications. We do this by sending gas to gas plants and oil to oil batteries. This portion of the module will discuss some of the equipment that is used for these purposes.

Joint Interest Accounting
The Joint Interest Accounting portion of the course describes reasons for joint operations and provides detail on methods used in agreements including ; Farm-In/Farm-Out, Carried Interest, Net Profits Interest, Mutual Joint Venture, and Unitization.

The Production and Revenue Accounting portion of the course includes the basic functions of a production accountant including ; Prorating Production, Pipeline Splits, Royalties, Non-Owner Fees, Gas Cost Allowance, and Equalizations.

Day 2

Production & Revenue Accounting
TBA

Financial & Management Accounting
TBA

Instructors:
Lorie Lindberg
Lorie has been working in the oil patch for 35 years in the areas of production, revenue, and royalty accounting.  She received her CMA designation in 1991 and has also received  Certificates in Production Accounting (CAPPA), Joint Venture Auditing, and Teaching .

Lorie has been teaching for the past 25 years for CAPPA, PASC, and various other organizations.  She currently consults for several companies specializing in Gas Cost Allowance and Equalizations.

Mark Lane
Mark Lane has been studying and working in the earth sciences since 1980 and has a gained a wide variety of related experience.  He has worked for oil and gas companies, seismic service companies, universities, and technical institutes.  His career has ranged through oil and gas exploration, geophysical research, computer programming, and employee development.  He has been teaching geophysics and geology since 2005, most recently for Mount Royal University, SAIT Polytechnic, and the Petroleum Accountants Society of Canada.  He is currently providing training services through his company, Mentromorphic Consulting Ltd.

Mel Miners
Mel has over 40 years of experience in the petroleum and related industries. For the last 19 years he has worked as an independent consultant mainly as a reservoir engineer through his company Martlet Inc. More recently, Mel has been associated with Corvelle Consulting to provide guidance on EPAP and other related topics. As an advocate of life-long learning, he has obtained two advanced degrees and multiple short-course certificates. He has also been involved in teaching various courses at both SAIT Polytechnic and Mount Royal University. He is a member of APEGA, CSChE, CAPPA and SPE.

Monique Tenn
Monique Tenn has been working in the oil and gas industry for over 25 years.  Although she started her career at Dome Petroleum Limited, she has worked in the junior sector for the last 15 years.  She is a consulting controller providing financial reporting services to both public and private companies, and survived the process of transitioning to IFRS.  She is currently controller at Westbrick Energy Ltd, a privately-held company.

Richard MacKelvie
In June 2008, Richard joined Canadian Natural as a Joint Venture Auditor.  Richard's qualifications include: Professional accounting designation qualification - Certified Management Accountant (CMA) (1989) and Bachelor of Commerce Degree from the University of Ottawa, School of Business (1983).  In addition Richard has over 30 years of audit and accounting experience with senior and mid-size oil and gas upstream companies (mostly JV and vendor audits).

Tracy Kozak
Tracy Kozak has been in the oil and gas industry for 17 years.  She has worked at Baytex Energy Ltd. for 14 of those years.  During her time in the industry she has had various roles within the accounting department.  She has experience in Accounts payable, Non-Operated Joint Venture, Operated Joint Venture, Audits, Payouts and most recently the Capital accounting department.

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Course: Gas Allocations & Audit Findings (Intermediate)
Gas Allocations & Audit Findings (Intermediate)
Location: Calgary Petroleum Club
Time: Registration & Breakfast 8:00 am; Course 8:30 am - 4:30 pm

Gas Allocations & Audit Findings: Intermediate
Format: 1 day

This course will cover:

  • Gas allocations – what are they, who is interested in them,  history, types, what is required to perform a correct allocation,  an example of an allocation process, an example of a simple gas volumetric allocation,  gas and product component allocation steps and a component allocation example.
  • Three things that drive an equitable allocation – accurate volumes (measurement), representative analyses and correct configuration.
  • Measurement – what is measurement, how is it done, why accurate measurement is important, systems included in measurement, standards, why measurement is difficult, reporting measurement, measurement processes and production flow analyses.
  • Audit findings related to measurement – facility& measurement system design/installation issues, error identification and top ten EFM audit issues and recommendations.
  • Gas & Liquid Analysis – compositional measures, what are they used for, important factors when taking samples, gas and liquid analysis audit findings and recommendations

Instructor: Kevin Boyce
For the past 17 years Kevin Boyce worked as a production measurement audit for Encana Corporation.  Prior that that he worked at Chevron Canada Resources for 9 years as a production accountant, joint venture analyst, financial analyst and internal auditor.  He has an Certified Internal Auditor designation, a Certification in Control Self-Assessment and an MBA.  He is  an active member of the Industry Measurement Group (IMG) and is currently heading the subcommittee on changes to the AER regulations.   He has instructed for PASC, CSHM, & PJVA.

Fee:
$500 +GST Members
$575 +GST Non-members

Location: Calgary Petroleum Club (319 - 5th Avenue SW)
Includes a full breakfast from 8:00 am - 8:30am and Lunch.

June 2016
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Course: Vendor Audit
Vendor Audit 1/2 Day Course
Location: Calgary Petroleum Club
Time: Registration & Breakfast @ 7:30am; Course 8:00 am to 12:00 noon

Vendor Audit
Format: ½ day (4 hours)

In this course you will learn the following:

1. Overview of the vendor / compliance audit activity
2. Risks in third party relationships
3. Benefits of audit
    a. Costs savings
    b. Processes improvement
    c. Risks mitigation
    d. Relationships building
4. Audit process
    a. Identification criterion
    b. Planning considerations
    c. Execution approach
    e. Reporting and follow up
5. Key areas of focus
    a. Contract Types
    b. Contract risks and risk assessment
    c. Audit approach
6. Typical overcharges and their root cause
7. Wrap up and summary of lessons learnt

Instructors:
Salman Yasin
Salman Yasin has over 19 years of experience in the Operational, Financial, and Compliance audits of all business segments that include Upstream, Downstream and Capital Projects of Oil and Gas industry.

Currently Mr. Yasin is working for Canadian Natural Resources Ltd. as a Supervisor Vendor, Audit and responsible to identify, plan, execute, facilitate and manage vendor audits in all business areas of the company.  Previously, he worked for PriceWaterhouseCoopers, Ernst Young LLP, and Enbridge Gas Distribution Ltd. at different positions."

Shahid Qureshi
Shahid has 20 years of experience in financial reporting, business process optimization, risk management and Information Technology Governance. Shahid is a Chartered Professional Accountant (CPA), a Certified General Account (CGA), a fellow member of Association of Chartered Certified Accountants (ACCA) and a Certified Information Systems Auditor (CISA). He is also a cost and management accountant (CMA) and a member of Chartered Secretaries and Managers. He holds a Master’s degree in Economics. Shahid has extensive international experience and has worked in Canada, Asia, Middle East, Far East, Europe, United States of America, United Kingdom, Caribbean and Africa as part of the senior management team at KPMG.

Shahid is currently the Vice Chairman of CPA (Chartered Professional Accountants) Calgary Chapter. He is the Deputy Chairman for ACCA (Chartered Association of Certified Accountants) Canada Committee and a member of ACCA international Council. Shahid is also the President of ISACA (Information Systems Audit and Control Association) Calgary.

Fee:
$300 +GST Members
$350 +GST Non-members

Location: Calgary Petroleum Club (319 - 5th Avenue SW)
Includes a full breakfast from 7:30 am - 8:00 am

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PASC Board of Directors Meeting (11 of 11)
June 2015/16 Meeting
Location: Calgary Petroleum Club
Time: 11:30 am - 1:30 pm
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Course: Revenue Audit
Revenue Audit
Location: Calgary Petroleum Club: 319 5 Avenue SW (Cardium A&B)
Time: 7:30 am to 12:00 noon

Revenue Audit
Format: ½ day

You will learn the following in this 1/2 day session:

  • Petrinex
    • Audit preparation - to ascertain risk areas
  • EPAP - Directive 76 (Alberta)/ EVAP (Saskatchewan)
    • Enhanced Production Audit Program System
    • Enhanced Valuation Audit Program
  • Directive 17
    • Measurement Requirements for Oil & Gas Operations
  • Directive 46
    • Production Audit Handbook
  • Gas Component Conversiona & Oil Densities
  • Onsite Information
    • Production Accounting & Revenue Files
    • Oil & Gas Analysis
    • Production Accounting Information Not Available
  • Common Rick Areas & Findings
    • Gas
    • Oil & Solution Gas
    • Liquids

Instructor: Dale Richardson
Dale Richardson received a two year business administration diploma from  Mount Royal College and worked as a Tax Clerk, Gas Plant Accountant, Internal Auditor and a Revenue and Fixed Asset Supervisor before joining Rife Resources Ltd in August 1983.  He started at Rife Resources as a Senior Auditor,  became Audit Supervisor in 1987, was then promoted to the Audit Manager from 1993 to 2008. Since 2008 Dale has become the Business Manager at Rife Resources Ltd.  Dale is currently part of the Asset Preservation and Compliance Team which involves ensuring that the terms of freehold leases are complied with and non leased mineral titles lands are included with offsetting production are drilled or leased out. Dale is also part of the offset team that issues offsets on leased freehold lands where offsetting production is draining the freehold lands. The APAC teams is also involved in mediation and legal issues.

Dale also accesses risk areas internally and conducts internal reviews and contractor audits at Rife Resources which also manages  Freehold Royalties Partnership and Canpar Holdings Ltd.  Dale also participates on joint venture audits as mentor and trainer with the auditors conducting the joint venture audits.

Fee:
$300 +GST Members
$350 +GST Non-members

Location: Calgary Petroleum Club (319 5 Avenue SW)
Time: 7:30am Registration & Breakfast, 8:00am Class Starts
Note: Full breakfast & tea/coffee served between 7:30am - 8:00am

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PASC Luncheon: June 21, 2016
Alberta's Economic Forecast for 2016
Location: Calgary Petroleum Club (319 5th Avenue SW)
Time: 11:30am - 1:00pm

Save-the-Date: Alberta's Economic Forecast for 2016

Speaker: Todd Hirsch, Chief Economist, ATB Financial

For over 20 years, Todd has worked as an economist at numerous organizations including the Canadian Pacific Railway, the Canada West Foundation and the Bank of Canada. For almost a decade, Todd taught economics at the University of Calgary. He released his first book, The Boiling Frog Dilemma: Saving Canada from Economic Decline in 2012.  
 
Todd provides economic commentary for many Canadian media outlets and is a regular columnist for the Globe and Mail. He currently serves on the University of Calgary Board of Governors and is the chair of the Calgary Arts Academy. Todd recently received the University of Alberta's Alumni Honour Award. 

Todd holds a BA Honours in Economics from the U of A and an MA in Economics from the University of Calgary. 

PASC Members: $45.00 +GST
Nonmembers: $55.00 +GST
Location: Calgary Petroleum Club (319 - 5th Avenue SW)

Lunch will be provided with a non-alcoholic beverage, and dessert.

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What's New

Course Calendar 2016: Available Now!

PASC has published their course information for 2016. Check out our newest course offerings and the full schedule under the Events Calendar


News Archive


Events

April 13, 2016

PASC Board of Directors Meeting (9 of 11)
April 2015/16 Meeting
Location: Calgary Petroleum Club
Time: 11:30 am - 1:30 pm

April 19, 2016

PJVA/PASC/CAPPA Seminar: 13th Month Adjustments, April 2016
13th Month Adjustments, Darren Reeves
Location: U of C Downtown Campus, 906 - 8 Avenue SW, Computer Lab DTC 140
Time: 7:30 am Registration/Breakfast; 8:00 am - 4:00 pm Session