ANNUAL GENERAL MEETING

Pursuant to Section 1 (d) of the Societies Act, notice is hereby given that the Annual General Meeting of the Petroleum Accountants Society of Canada will be held:

Wednesday, October 21, 2015 from 11:30am to 1:30pm

Calgary Petroleum Club, 319 5^th Avenue SW, Calgary, Alberta

AGENDA

1. Call to Order and Opening Remarks
2. Approval of the Agenda
3. Approval of the Minutes of the October 22, 2014 Meeting
4. Financial Report
5. Approval of the Audited Financial Statements as at June 30, 2015
6. Appointment of Auditors for 2015/16 year
7. Elections
8. Adjournment
9. Presentation of Plaques to Outgoing Board Members
10. Presentation by Doug Lacombe of Communicatto

Take ahold of your online reputation before it takes ahold of you!
In the old days all that was required to manage your organization's "digital reputation" was to put up a website. Those were simpler "set it and forget it" times. Nowadays digital reputation is a bit like sunscreen - you need to keep applying to reap the benefits or you'll get burned. The digital space is fraught with acronyms and tech gibberish - SEO, PPC, CTR, CPC, visits, sessions, bounce rates - but what does it all mean, and how do you tell the c-suite? Learn to take control of your online reputation and avoid being the next hashtag of ridicule.

Communicatto president and founder Doug Lacombe remembers when there was no web. He was at a newspaper, The StarPhoenix, which, for you kids, was the thing before the web. He didn’t realize hand coding the SP’s site in 1995 would eventually lead to the demise of all mainstream media. Oops. A MBA and a couple of world tours later, plus stints in the telco and newswire industries, make Doug a class A certified Internet nerd and an experienced digital strategist. If you want good corporate digital strategy that syncs with old media, you need Doug and his crew on your team. For the record, he’s still really sorry he broke newspapers.

ca.linkedin.com/in/douglacombe
@dblacombe

Note: Members are reminded that only those items on the agenda will be presented during the business portion of the meeting.  There will be time on the agenda for announcements or informational items.  No new business requiring decisions or motions may be added.

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

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.

Extractive Sector Transparency Measures Act

The Extractive Sector Transparency Measures Act (ESTMA) applies to payments made by oil and gas, and mining companies (both public and private) to foreign and domestic governments at all levels. This will eventually include Aboriginal groups. ESTMA is not restricted to Canadian headquartered companies, as foreign companies can be impacted if they have a place of business, do business, or have assets in Canada that meet certain size thresholds. 

The Act implements Canada’s international commitments to participate in the fight against corruption through measures applicable to the extractive sector. The Act became effective on June 1, 2015 and is effective for all financial year-ends beginning after this date.

Please join us at the PASC luncheon on Wednesday, November 18^th to learn more about ESTMA and how you can help your organization be prepared.

Speaker: Jacques Radder
Jacques Radder is leading PwC’s National Extractive Sector Transparency Measures Act (ESTMA) team from his position as manager in PwC Calgary’s Accounting Advisory Services practice. He has 7 years of experience working with public and private companies under IFRS and US GAAP. Originally from PwC South Africa, he joined the Assurance practice at PwC Calgary in 2011 after completing a 5 month secondment to PwC US.

Jacques brings experience from international audit engagements subject to group reporting requirements and has extensive experience in reviewing and commenting on internal control frameworks and accounting policies. In addition, Jacques’ experience includes providing his clients with pragmatic advice and solutions on complex accounting matters.  He has significant experience in the upstream oil and gas, midstream and energy services industries.

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