Unipro International Inc. P O Box 1341, Okotoks, Alberta T0L 1T0. Telephone:[403] 938-5566 Facsimile: [403] 938-5675

E-mail: [email protected] or [email protected]

Marathon Ashland Petroleum, 2950, 330 - 5 Ave SW, Calgary, AB T2P 0L4

E-mail: [email protected]

Revenue Canada, 220 - 4 Avenue SE Calgary, Alberta

NAL Resources, 600, 550 - 6Ave SW, Calgary, AB T2P 0S2

E-mail: [email protected]

Spartan Controls Ltd. 305 - 27 Street SE, Calgary, Alberta

E-mail: [email protected]

Macleod Dixon, 4000, 400 - 3 Avenue SW, Calgary, AB T2P 4H2

E-mail: [email protected]

Nickle's Energy Group, 300, 999 - 8 Avenue SW, Calgary, AB T2R 1N7

E-mail: [email protected]

Imperial Oil Resources, 15011 - 237, 4th Avenue SW, Calgary AB T2P 0H6.

E-mail: [email protected]

webmaster: [email protected]

Desk and Derrick Club of Calgary Bylaws

Amended November 1998

ARTICLE 1 - NAME AND ADDRESS

Section 1. The name of the Club shall be Desk and Derrick Club of Calgary, located in Calgary, Alberta, Canada. The Club shall be a member of the Association of Desk and Derrick Clubs (hereinafter referred to as the "Association") and shall be subject to its Bylaws and Standing Rules.

Section 2. The business address of the Club shall be the address of the President.

ARTICLE 11 - PURPOSE

The purpose of the Club is to promote the education and professional development of individuals employed in or affiliated with the petroleum, energy and allied industries.

ARTICLE 111 - STRUCTURE

Section 1. The Club shall be non-shareholding, non-commercial, non-profit, non-partisan, and non-bargaining.

Section 2. The Club shall not affiliate itself with or become a member of any local, regional, national, or international club or organization, or any groups of such clubs or organizations, excepting the Association. This shall not be construed to prohibit individual members from joining any other club or association, or from transferring their membership to another Desk and Derrick Club.

Section 3. No member of the Club shall be held liable for the contracts, faults, neglects, or debts of the Club. Members are, however, liable to the Club for unpaid balance of any matter to which they have committed.

ARTICLE 1V - CLUB YEAR

The fiscal year of the Club shall be from January 1 to December 31.

ARTICLE V - MEMBERSHIP

Section 1. Membership shall be granted to individuals actively employed in or retired from the petroleum industry and allied industries; in an accredited course of study with a declared major in the petroleum, energy, and allied industries.

Section 2. Membership shall be open to all eligible applicants and shall not be limited as to a maximum number, except where the meeting facilities available to the Club may make limitation necessary. Such limitation shall be approved by a majority of the membership of the Club and by the Association Board of Directors.

Section 3. All applications for Membership shall be submitted through the Membership Committee and are subject to approval or rejection by the Board.

Section 4. Honorary Membership may be granted to those individuals upon whom the Club may wish to confer special distinction in recognition of outstanding service to the Club.

Section 5. Honorary Membership is an honorary title only in the granting club and shall not confer the privilege of voting or holding office; except, if the Honorary Member is also an ADDC member in good standing.

Section 6. Nomination for Honorary Membership shall be submitted to the Board for consideration and recommendation to the Club. Such Honorary Membership shall be conferred at a meeting of the Club by a three-quarter vote of members present and voting, providing at least thirty (30) days written notice of such nomination shall have been given to the members. Voting shall be by ballot.

Section 7. Based upon findings of the Membership Committee of the Club, the Club's Board will consider local circumstances of the job and the company in determining eligibility, working within the Association guidelines as set out in the "General Club Information" section.

Section 8. Membership may not be held concurrently in more than one (1) Desk and Derrick Club

Section 9. Members in good standing may transfer membership to another club during the year by letter of transfer between Club Presidents with no exchange of dues.

Section 10. Upon receipt of transfer letter from another Club, a transferred member shall be considered a member in good standing of this Club until the end of the Club year.

Section 11. Membership is not transferable to another person.

Section 12. Dues are payable at the beginning of the fiscal year. The membership of a member shall terminate upon failure to pay dues within thirty (30) days following the beginning of the fiscal year.

Section 13. Membership may be terminated by a two-thirds vote of the Board, provided that the Board has given the member written notice of its intention to terminate the membership, stating the reasons for its intention and allowed the member to appear before the Board and to be heard.

ARTICLE V1 - BOARD OF DIRECTORS

Section 1. The officers of the Club shall be a President, Vice President, Secretary, Treasurer, immediate Past President, and Four (4) Directors.

Section 2. These officers shall constitute the Board of Directors (herein referred as the "Board").

Section 3. Members of the Board shall serve without remuneration.

Section 4. The Board shall be the administrative body of the Club, shall have authority to act in any and all matters pertaining to the affairs of the Club and shall exercise general control and supervision over all Club activities and committees.

Section 5. The Board shall assume their duties on January 1 following their election.

Section 6. Installation of the Board shall take place at the December or January meeting of membership following their election.

ARTICLE V11 - DUTIES OF BOARD MEMBERS

Section 1. The President shall preside at Membership and Board Meetings, and shall be an ex-officio member of all committees except the Nomination and Election Committees. The President shall appoint the Chairmen of the Nominating Election Committees, subject to ratification of the Board, a Parliamentarian and maintain the permanent files of the Club. The President shall represent the Club in all its affairs and serve as contact representative between the Association and the Club.

Section 2. The Vice President shall assist the President in the performance of the President's duties and serve as Board Contact for the Rules Committee. In the absence of the President at any Membership or Board Meeting, the Vice President shall preside.

Section 3. The Secretary shall keep the minutes of all Membership and Board Meetings and shall be responsible for the Club correspondence as directed by the President. The Secretary shall have charge of the seal of the Club. This seal, whenever used, shall be authenticated by the signature of the Secretary and the President.

Section 4. The Treasurer shall collect and disburse all funds of the Club as directed by the Board, and maintain records in conformity with Article XX1.

Section 5. The Immediate Past President shall serve in an advisory capacity to the Board and may serve as Club Parliamentarian.

Section 6. Each member of the Board shall perform such additional duties as may be required. The President shall appoint, subject to Board approval, the Board Contact for the Standing Committees with the exception of the Rules Committee.

ARTICLE V111 - TERM OF OFFICE AND VACANCIES

Section 1. All Officers except the Immediate Past President shall be elected from Membership at the Annual Meeting each year by a plurality vote of the members present in an open meeting.

Section 2. The term of office for President, Vice President, Secretary, and Treasurer shall be for a period of one (1) year commencing January 1 following their election.

Section 3. The term of office for the four (4) Directors shall be: one (1) Director elected for a term of two (2) years; two (2) Directors for a term of one (1) year, and the remaining one (1) shall be serving the second year of their two (2) year term.

Section 4. In the event of a vacancy in the office of President, the Vice President shall succeed to the higher office in accordance with their rank. In such event, the office of the Vice President shall be considered vacant and such vacancy shall be filled in accordance with Section 5 of this Article.

Section 5. In the event of a vacancy of the Board other than President the Board, by majority vote, may appoint a replacement to serve the unexpired term.

Section 6. In the event of a vacancy in the office of Immediate Past President, the Board shall by majority vote, appoint a successor from the prior Past Presidents.

Section 7. Should any member of the Board be absent without just cause for three (3) consecutive meetings of the Board in any one (1) year, that member shall cease to be a member of the Board and a vacancy shall be created.

ARTICLE 1X - MEETINGS

Section 1. The purpose of the Club shall be accomplished by program meetings devoted to subjects directly related to or concerned with the petroleum, energy and allied industries.

Section 2. The Club shall schedule a minimum of nine (9) educational program meetings a year, six (6) of which must be directly related to these industries. The remaining program meetings may be on Desk and Derrick orientation, socio-economic responsiblities, or professional self-development.

Section 3. Regular meetings of membership, as published in monthly Club Bulletin, shall be held on the second Tuesday of the month, unless otherwise stated.

Section 4. The regular meeting of membership in November of each year, as published in the monthly Club Bulletin, shall be the Annual Meeting of the Club and shall be for members only.

Section 5. Meetings of the Board shall be held monthly at a time and place agreeable to the members of the Board.

Section 6. Special meetings of membership may be called by the President, by a majority of the Board, or by a majority of the membership, but not less than three (3) days written notice specifying the purpose for such meeting. No matters except those specified shall be considered at the special meeting.

Section 7. Special Board meeting may be called by the President or by a majority of the Board.

Section 8. The Board meeting in December of each year shall be a joint meeting of the current and newly elected Boards.

Section 9. A special meeting may be called by the President or upon request of a majority of the membership, for the removal from office of a member of the Board. Notice of such meeting shall be in writing, given thirty (30) days prior to such meeting, and shall contain sufficient detail to notify each member of the purpose of which the meeting has been called. A quorum at such special meeting shall be fifty-five (55) percent of the membership. A member of the Board may be removed from office by a seventy-five (75) percent vote of the members present at the special meeting.

Section 10. Any member who makes a reservation for a Club function shall be responsible to the Club for the cost unless such reservation is cancelled at least forty-eight (48) hours before the scheduled function or within such other period as the Board may direct.

Section 11. Prospective members may be allowed to attend two (2) regular membership meetings during each Club year.

ARTICLE X - QUORUM

Section 1. Twenty-five (25) percent of the membership shall constitute a quorum at a regular meeting or special meeting of members (except as detailed in Article 1X, Section 9). The acts of a majority of the members actually present at a meeting at which a quorum is present shall be the acts of the entire membership.

Section 2. A majority of the Board shall constitute a quorum for the transaction of business, and the acts of a majority of the Board actually present at a meeting at which a quorum is present shall be the acts of the Board.

ARTICLE X1 – COMMITTEES

Section 1. The Standing Committees of the Club shall be: Bulletin, Communications Training/Leadership, Distribution, Education/Field Trips, Hostess/Jewellery/Telephone, Membership, Photography/Scrapbook, Program, Public Relations/Job Bank, Reservations, Rules, Social, Statistical, Ways and Means.

Section 2. Board Contacts shall, subject to Board approval, appoint the Chairman of their Standing Committees for term of one year.

Section 3. Each Standing Committee Chairman shall, subject to Board approval, set up a committee as required.

Section 4. All Standing Committees shall assume their duties on January 1.

Section 5. Special Committees may be established by the Board.

ARTICLE X11 - NOMINATIONS AND ELECTIONS

Section 1. The Chairman of the Nominating Committee shall be appointed, subject to Board approval, by the President at least three (3) months prior to the Annual Meeting. The Nominating Committee shall consist of the Chairman and at least three (3) members. No member of the Board shall serve on this committee. Members of the Nominating Committee are eligible for nomination.

Section 2. The Nominating Committee shall prepare a slate of nominees for each office for the ensuing year, to be presented to the Club at the regular meeting one (1) month prior to the Annual Meeting. Following the presentation of the slate of nominees, the President shall discharge the Nominating Committee.

Section 3. All nominees must prior to nomination, give consent to serve. The nominee for President must have served at least two (2) years on the Board.

Section 4. Other nominations may be made from the floor at the Annual Meeting. Candidates nominated from the floor must have given their consent to serve.

Section 5. Members of the Board, except the office of Immediate Past President, shall be elected by secret ballot at the Annual Meeting in November. A quorum must be present. The ballot shall show the offices to be filled and the names of the nominees shall be listed alphabetically under each office.

Section 6. A majority of votes cast shall constitute an election. If there are two (2) candidates for an office and neither receives a majority vote after the second ballot, a lot shall be drawn, only the names of the two (2) candidates receiving the higher number of votes on the second ballot shall be placed on the succeeding ballots.

Section 7. Preceding the Annual Meeting, the Chairman of the Election Committee shall be appointed, subject to Board approval, by the President. The Election Committee shall consist of the Chairman and at least three (3) members. No member of the Board shall serve on this committee. No member of the Election Committee shall be nominated for office.

Section 8. After the ballots are counted, the results shall be reported to the presiding officer, who in turn will announce the election results. The number of votes cast for each candidate shall be announced if requested by any member.

ARTICLE X111 - DUES

Section 1. Annual dues of Seventy-five Dollars ($75.00) for current Membership shall be payable at the beginning of the Club year and shall include local, Regional and Association dues. Dues not paid by February 1 shall be delinquent and membership shall be automatically terminated. Associated dues shall be paid in the amount specified by the Association Bylaws and are not refundable.

Section 2. New members only, joining after June 30th, shall be assessed dues of Forty-five Dollars ($45.00).

Section 3. Membership dues or any portion thereof, are not refundable or transferable.

Section 4. Honorary Members shall not pay dues. The Club shall pay any dues assessed by Region V11 and the Association.

ARTICLE X1V – INSIGNIA (EMBLEM) AND COLOURS

Section 1. The official insignia (emblem) of the Club shall be a derrick with a stylized desk at the lower right.

Section 2. The official colours of the Club shall be black and gold.

ARTICLE XC – MOTTO

The motto of the Club shall be GREATER KNOWLEDGE – GREATER SERVICE

ARTICLE XV1 – REPRESENTATION

Representation at conventions of the Association or other meetings requiring the presence of an official Club representative shall be by a delegate and/or alternate, recommended by the Board and voted on by membership at any regular membership meeting after twenty-one (21) days prior notice to membership.

ARTICLE XV11 – POLICY

Section 1. Membership in the Club shall carry with it the obligation to maintain a high standard of conduct as becomes an educational organization.

Section 2. No member shall use or cause to be used the name of the Club for personal profit.

Section 3. No member shall distribute or release the Club Roster for any purpose whatsoever.

Section 4. The Club shall exercise discretion in seeking and accepting assistance from industry for any activity

ARTICLE XV111 – BORROWING POWERS

The Club shall not have borrowing powers.

ARTICLE X1X – RULES OF ORDER

The latest edition of "Robert’s Rules of Order Newly Revised" shall be the parliamentary authority in all matters of procedure not specifically covered by the Bylaws of the Club.

ARTICLE XX – AMENDMENTS

Amendments to these Bylaws may be made by a special resolution, at any meeting of membership, by a three-quarters vote of the members present and voting, provided twenty-one (21) days written notice shall have been given to each member of such proposed amendments, and provided further that such amendments are not inconsistent with the Bylaws of the Association. Any amendment of these Bylaws shall be effective upon its adoption and subsequent registration under the Societies Act of the Province of Alberta.

"Special Resolution" means:

1. A resolution passed

1. at a general meeting of which not less than twenty-one (21) days notice specifying the intention to propose the resolution has been duly given and,
2. by the vote of not less than seventy-five (75) percent of those members who, if entitled to do so, vote in person or by proxy.

2. a resolution proposed and passed as a special resolution at a general meeting of which less than twenty-one (21) days notice has been given, if all members entitled to attend and vote at the general meeting so agree, or
3. a resolution consented to in writing by all the members who would have been entitled at a general meeting to vote on the resolution in person or, where proxies are permitted, by proxy.

ARTICLE XX1 - AUDIT OF ACCOUNTS AND FINANCIAL

Section 1. The Board shall ensure that an efficient system of accounts is maintained, using generally accepted accounting principles.

Section 2. All monies belonging to the Club shall be deposited at a chartered bank in Calgary, Alberta, convenient to the Treasurer.

Section 3. All Club cheques shall be signed by any two (2) of President, Secretary, and Treasurer.

Section 4. The financial records of the Club shall be reviewed annually by a competent individual who may be a member of the Club not serving on the current Board of Directors.

Section 5. The books of the Club may be inspected by members at the Annual Meeting or at any reasonable time after notice to the Treasurer.

Section 6. Funds may be authorized towards the expenses of a delegate and/or alternate to the Annual Convention of the Association or other meetings requiring the presence of an official Club representative. The amounts shall be determined each year by the Board and shall be voted on by membership.

ARTICLE XX11 - DISSOLUTION

In the event of dissolution of the Club, the Treasurer must make a complete accounting to the members. All assets of the Club remaining after all obligations and liabilities are ratified, shall be disbursed in accordance with the direction of membership.

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Awards:

We are extremely proud to announce having won the following awards. Our members did us proud.

Patricia Mahoney and Helen Turgeon each received a Certificate of Excellence for 30 years of membership; and, Lynne Grose received a Certificate of Achievement for attending 39 Regional meetings.

Best Desk and Derrick Program: "Re-Discovering D & D" - Judy Frame - Third Place.

Best Industry Article: "Offshore California" - Rose Smith and Mary Alice Rooney - Second Place.

Best President's Letter: "Salutations and Solicitations" - Gerald Pfeil - Second Place.

Best CT Speech - "Taking the Lead" - Maureen McClean - First Place.

Best Industry Program "Maximizing Benefits of a Dewatering System" - Speaker: Todd Iverson, Coordinator: Karen Ellis - First Place.

Best Series: "Retailing Petroleum Products" - Gerald Pfeil - First Place.

Best Non-Industry Article: "FYI" - Benita DeLorenzo - First Place.

Best Bulletin - Black Gold, July Issue - Editor, Donna Morin - First Place.

Congratulations to all Awards of Merit Finalists and best of luck to first place winners whose entries will be judged against those of other Regions for AIMEE Awards at Convention in Wichita.

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Our Club

The Desk and Derrick Club of Calgary offers you an opportunity to expand your knowledge of the energy industry. Membership in this organization provides educational programs, workshops, seminars, forums, networking, field trips, legislative information and fellowship.

The membership of Desk and Derrick believe that with greater industry knowledge, each member can enhance the requirements of their individual company. The educational opportunities offered on a vast array of industry subjects make this a unique organization.

Membership in a local club provides all of these opportunities plus membership in the Association of Desk and Derrick Clubs which has international roots. Each local club is associated with a geographic region that connects it to the international level. Regional and international meetings are held to further educational needs and conduct business.

Learning experiences in Desk and Derrick promote professional and personal growth. Taking advantage of this opportunity will place you within a group of highly motivated people seeking continued educational growth in their choses careers.

HISTORY

A desire by Inez Awty Schaeffer to meet with other women to learn more about the oil and gas industry, brought a group of women together to form the first Desk and Derrick Club in april 1949 in New Orleans, Louisiana. The Association of Desk and Derrick Clubs of North America was formed in July 1951. our first Association President was Lee Wilson Hoover of New Orleans. The name was officially changed to the Association of Desk and Derrick Clubs (ADDC) in 1977. It now consisits of approximately 87 clubs with 2900 members.

CALGARY CLUB

The inaugural meeting of the Desk and Derrick Club of Calgary was held on December 19, 1950, at which time Eleanor Crockett was elected President. The first membership meeting was held in January 1951 and was attended by 400 women. our guest speaker was Dr. Carl O. Nickle, a prominent Calgary oilman. Dr. Nickle became a traditional guest speaker at each January meeting for over thirty-two years. Currently, Doug Baldwin is carrying on this January tradition. As of April 2000 membership is 95, representing 49 local companies.

STRUCTURE

BYLAW NO. 7 states "The Club shall be non-sharing, non-commercial, non-profit, non-partisan and non-barganing".

MEMBERSHIP

Membership dues for 2000 are $75.00. Dinner meetings are scheduled for the second Tuesday of each month. An insight into the energy industry is given by our guest speakers throughout the year. Through these speakers we are able to broaden our knowledge of the industry in which we serve. Currently the cost of the dinner meeting is $18.00 for members and $20.00 for guests.

PUBLICATIONS

The Calgary bulletin informs us of upcoming events, field trips, seminars and Regional and Association activities. "Black Gold" is provided to all members on a monthly basis.

The Association of Desk and Derrick Clubs publishes a quarterly magazine called the Desk and Derrick Journal. Included in the "Journal" is information concerning events within our Association. This is a member benefit through yearly dues.

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Contact Information

The webmaster is contactable at [email protected] or [email protected]

Address: P O Box 1341, Okotoks, AB T0L 1T0

Electronic mail address

[email protected] or [email protected]

Web address

and http://www.geocities.com/desk_and_derrick_club_calgary

Office Telephone: [403] 938-5566

Facsimile number: [403] 938-5675

Please visit the home page of our Association at www.addc.org/ to view information regarding our organization and conventions held every September and Regional Meetings held in Spring by each region. This years Regional Meeting was held in Estevan, SK and the ADDC Convention is being held in Albuquerque, NM in September 29 to October 6, 2001

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Membership Information

Contact us for more information: [email protected]

Who Can Join:

Individuals actively employed in, affiliated with, or retired from the petroleum, energy, and allied industrious. Former Desk and Derrick members; and individuals that are enrolled in an accredited course of study with a declared major in the petroleum, energy, and allied industries.

Contact:

MEMBERSHIP CHAIRMAN - Peggy Noble

[email protected]

Reservations

RESERVATIONS (FOR DINNER MEETINGS)

MEMBERSHIP CHAIRMAN - Helen Bradley

MEMBERSHIP CO-CHAIRMAN - Tamara Vashouk

To reserve your seat at our dinner meeting, you need to contact one of the following people:

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Ways and Means

Industry Registrations

Our Club handles registrations, we assist in conventions and we are skilled in handling all aspects of the running of conventions including security. We recommend that you contact Cynthia with regards to references and what we do.

Registrations attended to this year so far as follows:

CERI 2000 - February 28 - 29, 2000

Gas Technology Symposium 2000 - April 3 - 5, 2000

GeoCanada 2000 - May 23 - 30, 2000

Canadian International Petroleum Conference - June 6 - 8, 2000

National Petroleum Show (assisting Nickels) June 12 - 15, 2000

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Comments and Suggestions

Please send me mail at [email protected] tell me what you think about this page and how I might improve it.

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President's Newsletters

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AIMEE's

Achievement In Maintaining Energy Excellence

Recognizes club members for their involvement in club activities that stand out among the rest. A member can compete in a wide variety of categories including best Desk and Derrick Program, best non Desk and Derrick program, best bulletin, best photo, best field trip, etc.

To add your name to the slate of nominees, simply send your entry to the AIMEE Co-ordinator. Awards of merit are given at the Regional Level. Regions then send their first place Award of Merit winners to compete at a Convention level. The nominations are reviewed at the Club level and must be postmarked to the contest chairman by December 31 each year.

It is a great honor to win an AIMEE as you are potentially competing with 3000 other members, whether they enter the contest or not.

For more information on the AIMEE's please contact Gerald Pfeil [403] 938-4078 [email protected]

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Desk and Derrick Educational Trust

The Desk & Derrick Educational Trust was created by the Association of Desk & Derrick Clubs for the purpose of making scholarship awards to individuals pursuing college degrees in subjects related to the petroleum and allied industries. The Trust is an endowment and its income will be used for the scholarships. The endowment is funded by contributions from the Association of Desk & Derrick Clubs and members, other interested individuals and companies and memorials.

Grants will be made through accredited colleges offering degrees in subjects within the scope of the petroleum and allied industries. The University of Tulsa will process applications. Awards in the amount of $1,000 annually will be made to full-time students. Part-time students who are members of the Desk & Derrick Club may qualify for a grant of $400 annually. Recipients of these scholarships will be asked to return to the Trust one-half of the grant received, if possible, within ten years of graduation.

To be eligible for a scholarship from the Desk & Derrick Educational Trust applications must meet the following criteria:

• Applicant has completed at least two years or is currently enrolled in the second year of undergraduate study at a duly accredited college or university;
• Applicant has maintained a grade point average of 3.0 or above on a 4.0 grading system; Applicant has demonstrated need for financial assistance in pursuing a college degree;
• Applicant is a citizen of Canada or the United States;
• Applicant plans a career in the petroleum or an allied industry.

Should you or your company wish to contribute to this Trust, we ask you kindly to issue the cheques in the name of Desk & Derrick Educational Trust and mailed to our Treasurer:

Tracy Himer,

114, 6815 - 8 St. NE, Calgary, AB T2E 7H7

[email protected]

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Program Speaker Review

Speaker Review: Insider Trading, Blackout Periods, Trading Bans

Presenter: Don Tse, Associate, Macleod Dixon

The topics presented by Mr. Tse covered the obligations of companies who’s stocks trade on the stock market:

• Continuous Reporting Obligations of Issuers
• Obligation of each issuer to make disclosure to the public of material information.

1. Insider Trading Restrictions

• Prohibition on trading by persons in a "special relationship" with the issuer in securities of the issuer while in possession of material information that has not been publicly disclosed.

1. Insider Reporting Obligations

• Requirement that "insiders" of an issuer file reports with securities commissions of trades in securities of the issuer.

Why do these provisions exist? It is because of securities and corporate law and stock exchange rules.

A cornerstone of securities and corporate law in Canada is that all investors should be confident that they have equal access to all information that may affect their investment decisions – objective is to create a level playing field for investors.

1. Disclosure Obligations of Issuer

Continuous Disclosure

• annual audited financial statements
• quarterly unaudited financial statements
• some issuers must file an annual information form which includes a description of the business and affairs of the issuer and management’s discussion and analysis of financial statements and results of operations
• proxy circular
• annual report

• Fine for breach of Securities Act
• Disciplinary action by Securities Commissions against corporation or responsible officers and directors
• Potential civil liability for intentional or negligent misstatements or breach of stature.

2. Insider Trading – Offences & Liability

1. Buying or selling securities while in possession of material information that has not been generally disclosed ("insider trading"); and
2. Disclosing such information to third parties – other than in the necessary course of business ("tipping").
3. Securities laws provide severe consequences for breach including fines, imprisonment and civil liability.
4. Consequences of Breach of Insider Trading Prohibitions

• Fine of not less than profit – up to greater of three times profit or $1 million and/or imprisonment for up to 5 years; or also disciplinary action by Securities Commissions; and
• Liability for damages to third party from whom the securities were bought or sold can also be liable to a third party who buys from or sells to a tippee; and liability to the issuer for any profit made
• Limited defenses available

• Do not buy or sell securities or exercise options when you have access to undisclosed material information.
• Do not disclose information to third parties unless it is in the necessary course of business and then ensure appropriate precautions are taken.

Submitted by,

Linda Topolinsky, Program Committee

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Black Gold

The Black Gold is our monthly bulletin. Our Black Gold Committee publishes the Presidents monthly newsletter, ADDC President's newsletter, Region V11 Director's newsletter. The Membership Meeting Minutes. The Speaker's Review etc. It also informs us who the speaker will be for the next Membership Meeting.

Keeps all members up to date on all issues pertaining to the Club.

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Hot List

• www.addc.org/default.htm
• www.dallasdeskandderrick.org/
• www.eub.gov.ab.ca
• www.nickles.com
• www.oilandgasonline.com
• www.oildirectory.com
• www.oil.com
• www.ucalgary.ca/pubs/calendar/current
• www.maxcontacts.com/data/deskandderrickclubofcalgary.html
• www.maxcontacts.com/links.html

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Current Projects

EDUCATION AND FIELD TRIPS

The Education and Field Trip Committee arranged the following events for members and non-members during 2000

ROSEBUD THEATRE / GEOLOGICAL TOUR - JULY 15, 2000

Bus leaves from The Radisson Hotel on 16^th Avenue and 19^th Street NE (old Crossroads Hotel). For more information contact Kathi DesChene at 258-4261.

Fees: $50.00 Members

$60.00 Non-members

GOLF TOURNAMENT - August 12, 2000, Eckville Golf Club

Edmonton D&D club is organizing it this year. (See information & registration form for details)

Fees: $45.⁰⁰ per person

includes 18 holes golf, steak BBQ, prizes

(Cart extra - $24. ⁰⁰ for 18 holes)

PAST EVENTS

TESCO DRILLING TECHNOLOGY

On May 29, 2000 we had our field trip to Tesco Drilling Technology’s site. We toured "Drillers Rig 6", a brand new, never been used drilling rig. The changes in the last few years are amazing. We learned about Tesco’s patented "Top Drive" system, as well as all the new technology incorporated into this rig. This field trip was one of the most informative and educational trips we have had the opportunity to attend.

We would like to thank our very knowledgeable tour guides, Doug Astles, Mark Grayson and Kevin Nikiforuk for teaching us so much more about the industry we work in.

The upcoming events:

• July 15, 2000 - Rosebud Theatre

• August, 2000 - Golf Tournament

• September, 2000 - Agrium, Carseland

• October 28, 2000 - Adventure in Attitudes

• November, 2000 - Hands on the Internet

• December, 2000 - Christmas Party

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Biographical Information

Association of Desk and Derrick Clubs

www.addc.org/

PRESIDENT:	ADDC	Candis Wells
DIRECTOR:	REGION VII	Dean Gaunt
	http://www.geocities.com/desk_and_derrick_club_calgary/   PRESIDENT: Desk and Derrick Club Heather Pfeil Hosted by www.Geocities.ws