Calgary Chapter

1. March, 2008 Calgary Chapter Members Presidents Message James Saretsky, President jamessaretsky@shaw.ca Murray Malley, Past President Laura Cillis, Chair Learning & Development Committee lcillis@ceslp.ca Stefan Erasmus, Chair Membership Committee Stefan.Erasmus@resources-ca.com Nola Heale, Secretary nolaheale@shaw.ca Dave Hunt, Treasurer David.Hunt@ddytech.com Ian MacInnis, Chair Communications Committee ian.macinnis@cibc.com Tariq Malik, Director at Large tmalikca@gmail.com Martin Rude, Chair Program Committee mrude@silverwingenergy.com Tim Spielman, Chair Advocacy Committee spielman@stragitek.com Dear Members – Calgary Chapter It is my pleasure as the Calgary Chapter President to welcome you to our first Calgary Chapter newsletter. I would encourage you to read through the entire newsletter and let us know what your thoughts are. This newsletter is the result of the Board’s commitment to enhancing communications to the Chapter membership. The objective of this newsletter is to provide the Calgary membership with a better mix of communications that is open, honest, frequent and straight forward. We will endeavor to align the newsletter with Business issues facing FEI Calgary and Nationally. We anticipate sending this news letter out quarterly through email distribution and through FEI’s National website. The Board has been busy over the last several months. Our first step to improving the Chapter governance is subdividing into the following committees: Membership, Advocacy, Programs, Communication, Treasury, and Learning and Development. Each committee has a charter and started to implement its charter. In this issue, each committee will provide an overview of its mandate. As always these committees need volunteers. If you have an interest and want to be involved, please step forward and contact one of the directors. FEI Canada current projects include a review of its governance model and strategic plan. Your Board has participated in each of these projects and when required has responded to FEI Canada. When we become aware of project outcomes you will be informed. Once again, please read through the newsletter and let us know your thoughts. If you wish to contribute to this news letter please email Ian MacInnis at ian.macinnis@cibc.com Regards, James Saretsky Treasurer’s Report -Bank balance at February 6, 2008 = $27,641 plus deposit -Investment balance $20,283 -To date 60% of dues have been received In This Issue Presidents Message Condolences Treasurer Report Role of the Committees Membership News Up & Coming Meetings & Events Contact Us: James at 403-613-0353 or e-mail at jamessaretsky@shaw.ca

2. March, 2008 Calgary Chapter Roles of the Committees Advocacy Committee On October 2nd at the FEI Calgary Chapter Summit, the Board of Directors took a bold new step forward to realizing the vision of FEI by creating the Advocacy Committee. The purpose of the Advocacy committee is to represent the Calgary member chapter on issues that are important to FEI Canada and Alberta Region. Our first steps are to work with other committee members as well as FEI Calgary to determine the issues that we should advocate on behalf of FEI Calgary. Regards, Tim Spielman Communications Committee • Purpose and Scope • The primary function of the Communications Committee (the "Committee") of the Calgary Chapter of Financial Executives International ("FEI") is to exercise the responsibilities and duties set forth below, including but not limited to: • Discharging the Committee's responsibilities relating to an enhanced understanding of the strategic direction of the FEI Calgary Chapter and FEI Nationally; • Provide a better mix of communications to the FEI Calgary Chapter that is open, honest, frequent and straight forward; • Endeavor to align the newsletter with business issues facing the FEI Calgary Chapter and FEI nationally; • Report to the Board periodically of initiatives to be undertaken on behalf of the Board; and • Obtaining feedback from the FEI membership regarding the work of the Committee. • General Responsibilities/ List of Duties • The Committee's role is to enhance the memberships understanding of: • Strategic direction of the local and national chapters; • Present a format for the President of FEI Calgary to inform members on a regular basis about programs, issues facing it’s membership and enhancing the value to the FEI Calgary Chapter; • Update members of upcoming events; • Relevant member topics; • Any National FEI initiatives Regards, Ian MacInnis

3. March, 2008 Calgary Chapter Learning & Development Committee As part of this inaugural issue of the Calgary Chapter Newsletter, I would like to introduce the Learning & Development Committee and the initiatives we currently have underway. The primary function of our Committee is to provide continuing professional development for the Calgary Chapter members. Our current initiatives, which are managed through two sub-committees, are the Career Services Workshops and the Mentoring Program. The Career Services Sub-Committeeorganizes three to four workshops each year, running from September to June. These workshops focus on topics of interest for senior financial executives, attempting to cover situations faced or leadership skills required in their roles. The workshops are limited to about 25 people to encourage interaction and networking. The sessions are lead by a guest speaker – a recognized expert or leader in the topic area, focusing on non-promotional, informative content. Workshops held in the last year included; Negotiating the Deal You Want Make Your Time Attracting Investors More Effective Situational Leadership Executive Compensation & Employment Contracts The Committee used feedback from workshop participants to begin planning its Spring workshops, one in May and one in June. Stay tuned for more information on the session topics and how you can register. The Career Services Sub-Committee is supported by the following Calgary Chapter members who volunteer their time and creativity to bring you relevant and timely workshops; Sean Bovingdon, Richard Brimble, Terene Tharagan, Brad Thompson (Chair), Lisa Pilon, and Walter Wakula. The Mentoring Program Sub-Committee was established to facilitate Learning Partnerships. The Chapter feels that there is exceptional value in facilitating a mentorship program within the membership. This gives established executives the opportunity to develop their mentoring skills and share the benefit of their many years of experience, and for those individuals stepping into executive roles, the opportunity to learn from city leaders in their industry. This program has been developed for the Calgary Chapter members in response to the growing need of our membership to acquire essential leadership capabilities that are not typically learned in the classroom, but more likely from the transfer of knowledge by peer interaction. Our program draws on best practices in which learning and partnering can be most effective. Currently we have seven Learning Partnerships in our first year of the program. We plan to conduct another formal information and enrolment period in June to kick-off new Learning Partnerships in September. The Mentoring Program Sub-Committee is supported by the following Calgary Chapter members who volunteer their time and creativity to design and facilitate this program; Jim Brown, Laura Cillis (Chair) and Joe Doolan. The program is also supported with the assistance of a professional in this field, Joan Hill, Core Consulting Inc. Your Learning & Development Committee members welcome any comments you have on our current initiatives or any ideas or suggestions for other initiatives that may be of interest to the membership. Please contact us at: Laura Cillis lcillis@ceslp.ca Brad Thompson brthomps@petro-canada.ca

4. March, 2008 Calgary Chapter Membership Committee: One of our goals this year is to expand our Calgary Membership. Please consider bringing a guest to the next meeting. If you know people who are prospective members of FEI, please invite them to one of our meetings. Membership News: For the first six months of the 2007-2008 year, we are pleased to report that we have recruited 17 new members to the Calgary Chapter. The total Calgary membership now stands at 300 members as at February 12, 2008. Although the net increase in members, including resignations and transfers, was +7 during this period, the Membership Committee is considering several initiatives during 2008 that will drive results for the remainder of the year, toward our goal of surpassing 300 members. During the week of November 11, the National office conducted a recruitment, mail-out campaign and all Calgary prospects received an invitation to join the chapter. Approximately 500 prospective members in the Calgary area received the letter which summarized the benefits of FEI and included several quotes from current Chapter members. Thank you to all members who submit potential prospects.  If you have any ideas for recruiting, or would like to join the Membership Committee, please contact Stefan Erasmus at Stefan.erasmus@resources-ca.com, 403-206-9461 Condolences We regret to inform you of the passing of Dale Joynt in November 2007. He was formerly the CFO of Blue Mountain Energy, FEI Chapter and Board member. Our condolences go out to the family and friends of Mr. Joynt. Welcome To Our New Members: We are pleased to welcome the following new members who have joined over the July/07 to February/08 period: Mr. Dean Hill, VP Finance Canadian Spirit Resources Inc. Mrs. Anna Lentz, Chief Financial Officer, Alberta Mining Corporation Mr. Brendon Muller, Controller, Nexen Inc. Mr. Dwayne Dubois, Director, Financial Reporting (Controller), ENMAX Corporation Mr. Ron Murphy, Vice President Finance & Chief Financial Officer, Aux Sable Liquid Products LP Mr. Daniel Pigeon, Vice President Finance & Chief Financial Officer, FortisAlberta Inc. Mr. Keith Steeves, Vice President Finance & Chief Financial Officer, NAL Resources Global Professionals Ms. Sharilyn Weisbeck, Controller, SemBioSys Genetics Inc. Mr. William Stevenson, Vice President & Controller, EnCana Corporation Mr. Kim Hubick, Chief Financial Officer, ENMAX Corporation Ms. Mavis Legg, Senior Manager, Deloitte & Touche LLP Mr. Ronald Munaweera, Senior Vice President & Chief Financial Officer, Bank West Mr. Wayne Wilson, Vice President, Finance & Chief Financial Officer, Regal Energy Ltd. Mr. Don Wolfe, Controller, United Farmers of Alberta Ms. Shari Laubenstein, Vice President, Finance, DO2 Technologies Inc. Mr. Gregory Lohnes, Executive Vice President & Chief Financial Officer, TransCanada Corporation Ms. Marilyn Schonberner, Director – Corporate Audit, Nexen Inc.

5. March, 2008 Calgary Chapter Program Committee: The Program Committee has been established to lend accountability and responsibility towards approving, overseeing and facilitating the various Calgary Chapter programs planned and carried out through out the year. The general role of the committee is to consider and implement programs and activities that complement the expectations of the members of the Calgary Chapter of FEI. These include recruiting suitable guest speakers and facilitating non-dinner local Chapter activities throughout the year. The Committee shall meet on a regular basis to ensure it discharges it duties and responsibilities. Up & Coming Meetings & Events In order to maintain accurate numbers of attendees at our meetings, please ensure that you RSVP your attendance and the names of any guests you may be bringing to Martin Rude or Deb Hastings at mrude@silverwingenergy.com or deb.hastings@medidirect.ca before noon Thursday, the week before the event. If a conflict arises in your calendar, please call and let us know prior to the meeting. Please note that guest fees are $75.00. DATESPEAKER(S) OR EVENTVENUE April 8, 2008 Mr. J. Richard Harris, P.Geol., CPG, CPGS Harris Consultants Calgary Golf & Country Club Topic – The Press Release – Get it Right the First Time June 23, 2008 2008 Calgary Chapter Golf Tournament Mt. Lorette or Mt. Kidd 120 places available for tee times on Mt. Lorette or Mt. Kidd starting at 10:30am. Package will include green fees, power cart rental, club handling & cart staging, bag tags, prizes and steak banquet. All golfers will also participate in a C.P.A.G. golf clinic. Details regarding registration and sponsorship opportunities to follow. Please mark the date in your calendar and start forming your foursomes!