O’Canada           Blessing       Breakfast

CHAIRPERSON

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Chairman Charlie opened with some words of wisdom by Ingrid Bergman, “Happiness is good health and a bad memory.”

VISITORS

No visitors today.

GUESTS

No guests apart from our Guest Speaker who will be introduced later…

MAKE-UPS

  • Leslie attended RLI (Rotary Learning Institute) on Saturday;
  • Fundraising (Breakfast Committee) met this week as well;
  • *Please ensure that names are submitted to Barb J.

BIRTHDAYS

None.

ANNIVERSARIES

Ove and Pat celebrate 43 years on the 26th while Charlie and Jean celebrate 55 years on the 25th.  Charlie found it interesting that these occasions happen at the same time every year! J

PIN PAL

No pin pals this week.

50/50 DRAW $14.00

Leslie draws Trish’s ticket.  Congrats!

HAPPY DOLLARS

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Trish was happy to be the recipient of the 50/50 draw and also enjoyed a “great” evening with a bunch of micro-biologists.

Ove contributed a dollar for repentance…he forgot the Food Cards this morning.

Pat is happy not to have to work our breakfast on November 36th... Also promoting Girl Guide cookies (mint chocolate).  We all agreed they just  aren't as good as the chocolate and vanilla.

While golfing with Dale’s cousin, Wynn received a gift of some balls and tees…Pro-B1 – the ‘pinnacle’.

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Wayne asked his team members from Relay for Life to stand and be acknowledged.  Although I don’t remember their total for the team, Relay for Life took in over $70,000!  Awesome!

Charlie spent $2 on the following Public Service Announcement: 2011 celebrates the 400th anniversary of the King James version of the Bible.  Charlie has been asked to give a lecture on such on Friday @ 7pm at St. Andrews Church (36 Bridge St.).

ImageJohn also has a novel performance on Tuesday @ 7pm at the Legion.

Pam H. thought it would be fun to get our picture in the Rotarian.  She shared her idea with us and is looking for copies of 2004 Rotarian.  She already has 70 of the last 100!

 

  

NEXT WEEK

 Chairman Dale
 Introducer Peter
 Thanker Wynn
 GreeterElizabeth 

 

COMMITTEE REPORTS

No reports.

UPCOMING MEETINGS     

None announced.

PRESIDENT’S TIME

President Ken reminded members of the GSE team going to Mexico.  They are still looking for a Team Leader, if anyone is interested.

GUEST SPEAKER

Writer's Note: A copy of Angie's report is available.

ImagePat introduced Angie Leonard to us this morning.  Angie hails from Fredericton where she has lived since she was six years old.  She attended UNB and is a Chartered Accountant.  Angie is part of the Project Executive Business New Brunswick who are establishing a plan for natural gas for New Brunswick.

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Twelve people from various government departments, as well as some liaisons, are involved in the planning process.  For New Brunswick, this means big jobs, revenues, opportunities…but also big challenges.  Once this natural resource is gone, it’s gone for good so a good plan needs to be in place.

Impacts:  Have and have-nots

Key: natural gas – do we know if it’s commercially viable? Can we make a profit?

Exploration and testing is needed.  There will be direct and indirect drilling.  There are three stages: drilling, production, and finishing stage.  Each source can last between 20 and 40 years.  All royalties go to the Crown (as they have the mineral rights).  It will create jobs, jobs, and more jobs!  It will create existing business growth as well as create new businesses.  As for taxes, bases will be expanded.

Challenges: water, air emissions, land use, road use (trucking will be major).

Full production is set for 2015/16 although testing is happening now.  Their concern is to ensure that proper plans are put in place, resources available, and public perception.

Benefits: longterm (well-paid) jobs, business growth, income to residents and non-profit organizations, economic spin-off for the entire province.

9 Right Holders in Province (SWIN)

Trials now in Sussex and Moncton areas;

Licenses versus leases: Licensing gives them the right to explore (not produce) for three years.  At the end of this time period, the license converts to a lease (although they will still have to apply for the proper permits).

History:

The first well in New Brunswick was drilled in 1859;

NB currently has 40 oil wells and 40 natural gas reserves (30 are producing);

Nine wells have been drilled hozizontally (5 gas/4 oil);

49 wells have been fracked.

There are regulations and legislations.

Exploration Process: Normally 4 Stages

Types of Economic Benefits: Direct, Indirect and Induced

 

Can be high cost of living: inflation rates higher than average and rentals increase.

 

 

Non-Natural Gas businesses & residents can be impacted

       

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Wayne thanked Angie for her presentation and donated a book to a local library in her name.

 The meeting adjourned with the stating of the 4-Way Test.

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