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PESA ACT/NSW Melbourne Cup Lunch

Tuesday, 7 November, 2023 @ 12:00 pm - 3:00 pm (Australia/Sydney time)

$40.00 – $120.00

Guest Speaker(s): Andrew Lukas

Mr. Lukas is a graduate in civil engineering from the University of New South Wales with particular expertise in drilling for coal bed methane, engineering and building pipelines, and horizontal directional drilling. He is Executive Chairman of AJ Lucas Services originally founded by his family 65 years ago. He was also a founder of ASX listed A.J Lucas Group Ltd, a public company listed on the ASX.

He has been involved with most of Australia’s major gas pipelines. He has been instrumental in introducing Horizontal Directional Drilling into Australia and pushing the boundaries of this technology in Australia and in Asia. His expertise in horizontal directional drilling into developing surface to in seam drainage of coal bed methane as well as ownership of a number of coal seam gas deposits in Australia and exciting shale gas resources in Europe.

He is Chairman of the NSW Chapter of the Society of Petroleum Engineers, Past President of the Australian Pipeline Industry Association (APIA now named APGA) and was a Board member for 15 years. He was also on the board of the International Pipe Line and Offshore Contractors Association for 9 years and is a Former President.

Before joining the family companies, Mr. Lukas commenced and coordinated the activities of Williams Brothers Engineering Company in Australia during which time it won the engineering management of the 1200 km 34-inch diameter natural gas pipeline from Moomba to Sydney, then by far the largest pipeline project in Australia. Before that, he worked with Williams Brothers Overseas Company in Tulsa, Oklahoma and with a number of consulting engineering groups in Australia.

Melbourne Cup and oil price prediction lunch

Join us in watching the race that stops the nation! A Calcutta and raffle will be held followed by a presentation on future oil price trends. See you there!

MELBOURNE CUP SWEEP AND CALCUTTA PROCESS

Due to the smaller groups of attendees and in an effort to increase interest in the Calcutta aspects of our price Prediction Day/Melbourne Cup our auctioneer, Andy Rigg and the team have come up with an amended set of Rules to make the day more competitive and fun. The new rules of the front end of the Calcutta are as follows:

Every person registered and attending on the day of the meeting (including speakers) receives an option to purchase a ticket in the PESA Melbourne Cup (Sweep);
Every person above then has the choice to either exercise the option and purchase a ticket in the sweep for $40 or sell the option to the highest bidder, who must then exercise the option (i.e. and pay the $40 to the auction team);
The price paid to buy an option goes to the original option holder;
The $40 goes to auction team as a pot for the race to the distributed between first, second and third horses;
With 24 horses the pot should be $960;
The names of the persons exercising the options will be inserted into a hat and then drawn against horses drawn out of another hat;
1/ If the number of exercised options is equal to the number of starters in the Melbourne Cup, then every exercised option will receive a horse in the sweep;
2/ If the number of exercised options is less than the number of starters, then all the names of the registered persons attending will go back into the draw for the remaining horses;
3/ If the number of exercised options is greater than the number of starters, then not all exercised option owners will receive a horse in the sweep;
Once the owners of all the horses in the field are known, then the call of the card and the normal Calcutta bidding process can begin as usual based on the declared pot.

Best advice is to bring along some cash (no credit card facilities available in the Adams Room), a willingness to have a lot of fun and front up at the Masonic Club (also known as the Castlereagh Boutique Hotel) on Tuesday 7 November 2023 and get together with all your old friends for a great days entertainment.

Details

Date:
Tuesday, 7 November, 2023
Time:
12:00 pm - 3:00 pm
(Australia/Sydney time)
Cost:
$40.00 – $120.00
Event Categories:
  • Venue

    Castlereagh Boutique Hotel
    169 Castlereagh St
    Sydney, NSW 2000 Australia
    + Google Map
    Phone
    +61 2 9284 1000
    View Venue Website

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