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Resolute Energy Corporation Announces Results for the Quarter and Full Year Ended December 31, 2016
March 13, 2017 17:01 ET | Source: Resolute Energy Corporation
DENVER, CO--(Marketwired - Mar 13, 2017) - Resolute Energy Corporation (NYSE: REN)
- 4Q16 production of 19,583 Boe per day, up 91 percent, year-over-year -
- 2016 exit rate production of 20,800 Boe per day -
- Completed successful Wolfcamp A down-spacing pilots -
- Exploring divestiture of Aneth Field -
Resolute Energy Corporation ("Resolute" or the "Company") (NYSE: REN) today reported financial and operating results for the quarter and full year ended December 31, 2016.
Rick Betz, Resolute's Chief Executive Officer, said: "2016 was a transformational year for Resolute. Today we are positioned as one of the premier Delaware Basin operators with a strong balance sheet and an operational footprint in one of the best areas in the basin. With the completion of our fourteen well 2016 program, we exited the year producing 20,800 Boe per day, more than double fourth quarter 2015 average production. Fourth quarter 2016 lease operating expense per Boe was reduced by 52 percent and Adjusted EBITDA was substantially higher, when compared to the prior year period. Year-end Permian Basin production was 14,500 Boe per day, representing more than 70 percent of our total. Thus far in 2017, we have continued to make strong operational and strategic progress. We have solidified our development inventory through successful down-spacing tests, have accelerated our development activity with the addition of a second drilling rig and plan to expand our Reeves County acreage footprint to 21,000 net acres upon closing of our recently announced acquisition.
"During 2016 we also focused on reducing debt and enhancing liquidity. We issued common and preferred equity in conjunction with our October 2016 Firewheel acquisition, a transaction that added significantly to our operated acreage position in the Delaware Basin. In December we sold common shares to the market with net proceeds to us of $160 million, primarily to retire our second lien debt facility. By year-end our total net debt to Adjusted EBITDA was 2.9x, with only $10 million outstanding on our revolving credit facility.
"Operationally, 2017 is off to a fast start for Resolute. Since the beginning of the year, with two rigs running in Reeves County, we have finished drilling operations on three wells, completed three wells, we have two wells waiting on completion and have three wells in various stages of drilling. Our second rig is operating in our Mustang area and is proving to be as efficient as the rig we have been running since October 2015. In Appaloosa we recently drilled a long lateral from spud to total depth in seventeen days, a new record for the Company.
"One of our primary areas of focus this year has been the continuing evaluation of down-spaced drilling of the Wolfcamp A and B formations. More details on these tests are provided in the Operations Update below. We expect these tests to support development with 24 wells per section in the Wolfcamp A and B zones in Mustang and Appaloosa, resulting in drillable inventory of approximately 375 locations. This inventory will grow by 30 percent to 487 gross locations upon the closing of our recently announced acquisition. Further down-spacing tests, plus the potential addition of the Wolfcamp C and D zones, as well as the X/Y and other formations, would add significantly to our inventory. A necessary operational byproduct of these spacing tests is to defer initial production from the pair wells as we complete the wells sequentially and then bring them on production simultaneously. As a result, we do not have our normal complement of new production rates to announce at this time. We do expect, however, that a disproportionate number of wells will be brought on line and establish initial production rates as we move through March and into mid-April. This includes at least three long lateral Wolfcamp A wells in Appaloosa. We believe these wells will contribute significantly to second quarter production growth. With the completion of the currently-drilling Pipeworks wells we expect to resume a more normal schedule of drilling, completing and bringing individual wells on production.
"While we are not ready to announce plans and provide guidance for 2018, we currently expect to keep our existing two rigs, continue with a third rig on the newly acquired acreage, and potentially add a fourth rig to our legacy position. These activities should continue our significant growth in production, cash flow and proved reserves.
"With the results of our successful acquisition, divestiture and drilling programs, Resolute has transitioned to a Delaware Basin focused operator. To complete our repositioning as a pure-play company, Resolute's board of directors has directed management to explore and take preparatory steps toward a disposition of the Company's Aneth Field assets. Aneth has provided years of steady production and it remains a cash-flow generating, long lived oil project with solid growth potential in the hands of a party that can focus on those upside projects. For Resolute, though, the center of activity is Reeves County. The proceeds from a disposition of Aneth Field would provide meaningful additional capital that we would deploy either to accelerate drilling in the Delaware Basin, where we see our highest rates of return, or as a component of the optimal long-term financing for our recently announced Delaware Basin acquisition. We will provide further information on the disposition process in the coming weeks."
Operations Update
Annual production for 2016 averaged 14,157 Boe per day, 7,996 and 6,161 Boe per day from the Permian Basin and Aneth Field, respectively. In 2015 production averaged 12,427 Boe per day, 4,883, 6,279 and 1,265 Boe per day from the Permian Basin, Aneth Field and Wyoming, respectively.
Production for the fourth quarter increased 91 percent to 19,583 Boe per day, 13,495 and 6,086 Boe per day from the Permian Basin and Aneth Field, respectively. Production for the fourth quarter ended December 31, 2015, was 10,278 Boe per day, comprised of 3,961, 6,229 and 88 Boe per day from the Permian Basin, Aneth Field and other properties, respectively. Sequential production for the fourth quarter increased 22 percent to 19,583 from 16,085 Boe per day.
In December we announced the results of our first upper Wolfcamp A down-spacing test, the Uinta 0204H and Boucher 0203H. These wells came on with strong initial production rates and have continued to outperform our type curve for this area (specific production numbers are provided in the table below). In late February we brought on line our second infill pair, the Renegade U03H and the Renegade L02H. These wells are down-spaced wells in the upper and lower Wolfcamp A. It is too early to publish initial production rates for these wells, but based on pressures and early flow back data we believe these wells will further support denser development within our acreage block. Currently we are drilling two Pipeworks wells, which will be a down-spaced test in the lower Wolfcamp A and the Wolfcamp B in Mustang. These wells are scheduled to be completed in mid to late April. In addition to testing our Wolfcamp A/B spacing design, this will also be our first Wolfcamp B well utilizing more current completion designs as well as refined landing zone targeting. Additional data on the Wolfcamp B will allow us to refine our type curves, which are currently based on older completions in this area using less intensive completion designs. Based on observations from recent offsetting Wolfcamp B wells, we believe this zone could prove to be competitive with the Wolfcamp A.
Following is an update of certain operating activities since our last operations update on December 19:
Drilling activity:
Harpoon L05H - Mustang, Wolfcamp A ("WCA"), 7,629 foot lateral, flowing back
South Elephant U04H - Appaloosa, WCA, 8,694 foot lateral, waiting on completion
North Mitre L07H - Appaloosa, WCA, 10,129 foot lateral, completing
Pipeworks B05H - Mustang, WCA, planned mid-length lateral, drilling
Pipeworks L06H - Mustang, WCA, planned mid-length lateral, drilling
South Goat 2 Unit U01H - Appaloosa, WCA, planned long lateral, drilling
Completion activity:
Renegade U03H - Mustang, WCA, 8,072 foot lateral, flowing back
33 frac stages, 13.7 million pounds of proppant
Renegade L02H - Mustang, WCA, 8,064 foot lateral, flowing back
Harpoon L05H - Mustang, WCA, 7,629 foot lateral, flowing back
37 stages, 18.2 million pounds of proppant
Production update on recent wells:
Boucher 2-3H - Mustang, WCA, 7,474 foot lateral, producing
peak 24 hour rate: 2,651 Boe per day
peak 30 day rate: 2,292 Boe per day
Uinta 0204H - Mustang, WCA, 7,438 foot lateral, producing
Harrison State C20 1402H - Appaloosa, WCA, 6,953 foot lateral, producing
Against the recent backdrop of volatile oil prices Resolute will once again benefit from a strong hedge book that will provide significant downside protection from declining oil prices. Based on current production levels, Resolute has hedged nearly 60 percent of its oil production, using a combination of collars and swaps. The collars have a weighted average floor of $49.70 per barrel.
Fourth Quarter and Annual Comparative Results
Resolute recorded a net loss of $20.6 million, or $1.23 per share, on revenue of $62.7 million during the three months ended December 31, 2016. Included in this net loss was $8.0 million of commodity derivative losses. This compares to a net loss of $92.2 million, or $6.15 per share, on revenue of $28.5 million during the three months ended December 31, 2015. The 2015 loss included commodity derivative gains of $22.4 million and a non-cash impairment charge of $77 million.
During 2016, Resolute recorded a net loss of $161.7 million, or $10.33 per share, on revenue of $164.5 million. The 2016 loss included $19.8 million of commodity derivative losses and a non-cash impairment charge of $58 million. This compares to net loss of $742.3 million, or $49.55 per share, on revenue of $154.6 million during the year ended December 31, 2015. The 2015 loss included commodity derivative gains of $76.5 million and a non-cash impairment charge of $705 million.
Fourth Quarter and Annual 2016 Results Compared to
Fourth Quarter and Annual 2015 Results
Three Months Ended December 31, Twelve Months Ended December 31,
($ thousands, except per-Boe amounts) ($ thousands, except per-Boe amounts)
Production (MBoe):
Aneth 560 573 2,255 2,292
Permian 1,242 365 2,927 1,782
Wyoming -- 8 -- 462
Total production 1,802 946 5,182 4,536
Daily rate (Boe) 19,583 10,278 14,157 12,427
Revenue per Boe (excluding commodity derivative settlements) $ 34.78 $ 30.14 $ 31.74 $ 34.09
Revenue per Boe (including commodity derivative settlements) $ 44.98 $ 58.25 $ 48.73 $ 54.63
Commodity derivative settlements 18,361 26,585 88,010 93,150
Revenue, including derivative settlements 81,028 55,083 252,488 247,794
Lease operating expense $ 17,621 $ 19,152 $ 63,699 $ 79,393
Production and ad valorem taxes 4,041 2,268 16,270 19,985
Depletion, depreciation, amortization and asset retirement obligation accretion 16,763 13,924 50,462 94,338
Impairment of proved oil and gas properties -- 77,000 58,000 705,000
General and administrative expense 8,968 9,277 32,627 31,447
Restricted cash awards 16,650 483 34,926 1,184
Net loss $ (20,648 ) $ (92,180 ) $ (161,722 ) $ (742,279 )
Adjusted EBITDA $ 48,986 $ 27,796 $ 140,809 $ 129,277
Adjusted EBITDA (a non-GAAP measure): During the fourth quarter of 2016, Resolute generated $49.0 million of Adjusted EBITDA, or $27.19 per Boe, a 76 percent increase from the prior year, during which Resolute generated $27.8 million of Adjusted EBITDA, or $29.39 per Boe. The increase in Adjusted EBITDA was the result of increased revenue due to increased production, partially offset by an increase in cash-settled incentive award expense.
During 2016, Resolute generated $140.8 million of Adjusted EBITDA, or $27.17 per Boe, a nine percent increase from the prior year period during which Resolute generated $129.3 million of Adjusted EBITDA, or $28.50 per Boe. The increase in Adjusted EBITDA was the result of decreased lease operating expense and increased revenue due to increased production. These items were partially offset by increased general and administrative expense as well as cash-settled incentive award expense.
Production: Production for the quarter ended December 31, 2016, increased 91 percent to 1,802 MBoe, or 19,583 Boe per day, as compared to 946 MBoe, or 10,278 Boe per day, during the fourth quarter of 2015. Production for 2016 increased fourteen percent to 5,182 MBoe, or 14,157 Boe per day, from the 4,536 MBoe, or 12,427 Boe per day, during 2015. Pro forma for the property sales completed in 2015, production increased by more than 100 percent for the quarter and 50 percent for 2016.
Production from the Company's Permian Basin properties increased 241 percent to 13,495 Boe per day, as compared to the 3,961 Boe per day produced in the fourth quarter of 2015, and increased 37 percent from the 9,834 Boe per day produced during the third quarter of 2016. During 2016, production increased 64 percent to 7,996 Boe per day from the 4,883 Boe per day during 2015. Pro forma for property sales completed in 2015, production increased almost 400 percent for the quarter and more than 150 percent during 2016.
Fourth quarter 2016 production from the Company's Aneth Field properties remained relatively unchanged at 6,086 Boe per day as compared to the 6,229 Boe per day produced in the fourth quarter of 2015, and the 6,250 Boe per day produced during the third quarter of 2016. During 2016, production also remained relatively unchanged at 6,161 Boe per day as compared to the 6,279 Boe per day during 2015.
Revenue: During the fourth quarter of 2016 Resolute realized a 47 percent increase in adjusted revenue (revenue including commodity derivative settlements), a non-GAAP measure, as compared to the prior year quarter due to increased production attributable to positive results from the 2016 drilling program in the Permian Basin offset by decreased derivative settlement gains. Adjusted revenue for the quarter was $81.0 million, including the effect of commodity derivative settlement gains of $18.4 million. During the fourth quarter of 2015, Resolute had adjusted revenue of $55.1 million, including the effect of commodity derivative settlement gains of $26.6 million.
During 2016, Resolute realized a two percent increase in adjusted revenue as compared to 2015, due to the reasons noted for the quarterly increase. Adjusted revenue for 2016 was $252.5 million, including the effect of commodity derivative settlement gains of $88.0 million. During 2015, Resolute had adjusted revenue of $247.8 million, including the effect of commodity derivative settlement gains of $93.1 million.
Operating Expenses: For the fourth quarter of 2016, lease operating expense ("LOE") decreased $1.5 million, or eight percent, to $17.6 million, or $9.78 per Boe, as compared to fourth quarter 2015 LOE of $19.2 million, or $20.25 per Boe. The decrease in unit operating expense is due to the combination of lower costs attributable to property sales and the significant increase in production. Production taxes increased by $1.8 million, or 78 percent, to $4.0 million (six percent of revenue) from $2.3 million in 2015 (eight percent of revenue). Conversely, production taxes decreased on a Boe basis to $2.24 per Boe in 2016 from $2.40 per Boe in 2015.
For 2016, LOE decreased twenty percent to $63.7 million, or $12.29 per Boe, from 2015 LOE of $79.4 million, or $17.50 per Boe. Approximately 91 percent of the absolute decrease was attributable to the decrease in operating costs due to property sales. Production taxes decreased by $3.7 million, or nineteen percent, to $16.3 million (ten percent of revenue) as compared to $20.0 million (thirteen percent of revenue), and decreased on a Boe basis to $3.14 per Boe in 2016 from $4.41 per Boe in 2015.
For the fourth quarter of 2016, depletion, depreciation, amortization and accretion ("DD&A") expenses increased twenty percent to $16.8 million as compared to the fourth quarter of 2015 DD&A expenses of $13.9 million. Conversely, DD&A expenses decreased on a Boe basis to $9.30 per Boe in 2016 from $14.73 per Boe in 2015 due primarily to the significant increase in proved reserve quantities and a decrease in the 2016 amortization base resulting from the $135 million in ceiling test impairments recorded during the period from October 1, 2015, through March 31, 2016.
For 2016, DD&A expenses decreased 47 percent to $50.5 million as compared to 2015 expenses of $94.3 million. DD&A expenses also decreased on a Boe basis to $9.74 per Boe in 2016 from $20.80 per Boe in 2015. The reason for the annual decrease was substantially the same as that discussed for the quarterly decrease.
Pursuant to full cost accounting rules, we perform a ceiling test each quarter on our proved oil and gas assets. No impairment was recorded during the quarter ended December 31, 2016. However, we recorded a $58 million non-cash impairment of the carrying value of our proved oil and gas properties during 2016, as a result of the ceiling test limitation at March 31, 2016. This compares to the $77 million and $705 million non-cash impairments for the quarter and year ended December 31, 2015, respectively.
General and Administrative Expense: Resolute's general and administrative expenses decreased three percent to $9.0 million during the fourth quarter of 2016, as compared to $9.3 million during the same period in 2015. On a unit-of-production basis, general and administrative expenses decreased 49 percent as a result of increased production. Cash-based general and administrative expense for the fourth quarter of 2016 was $7.8 million, or $4.33 per Boe, compared to $6.0 million, or $6.39 per Boe, in the comparable 2015 period. Share-based compensation expense, a non-cash item, represented $1.2 million for the fourth quarter of 2016 and $3.3 million for the fourth quarter of 2015.
During 2016, general and administrative expenses increased to $32.6 million, as compared to $31.4 million during 2015. The $1.2 million, or four percent, increase primarily resulted from $3.1 million in reduced corporate overhead reimbursements due to property sales, $1.4 million in increased professional fees primarily related to a terminated senior notes exchange and $1.3 million increase in short term incentive expense offset by decreased share based compensation. Cash-based general and administrative expense for 2016 was $26.6 million or $5.13 per Boe, compared to $19.8 million, or $4.36 per Boe in the comparable 2015 period. Share-based compensation expense represented $6.0 million for 2016 and $11.6 million for 2015.
Cash-settled Incentive Awards: Due to the substantial increase in the price of Resolute common stock, we recorded $16.7 million during the fourth quarter of 2016 for cash-settled incentive award expenses as compared to $0.5 million in the fourth quarter of 2015. Actual cash payments for the quarter were $2.8 million. On a per-unit basis, cash-settled incentive award expense was $9.24 per Boe in 2016 as compared to $0.51 per Boe in 2015. For 2016, cash-settled incentive award expenses increased to $34.9 million as compared to $1.2 million for 2015, with actual cash payments for the year of $5.7 million. On a per-unit basis, cash-settled incentive expense was $6.74 per Boe in 2016 as compared to $0.26 per Boe in 2015. The 2016 increase in expense is a result of the grant of time- and performance-based restricted cash awards as well as cash-settled stock appreciation rights under the long-term incentive program, and the achievement of multiple performance targets that are based on the Company's stock price. The time-based awards will vest and be expensed ratably over three years from the time of grant. The performance-based awards and the stock appreciation rights will vest ratably over three years from the time of grant but their fair value will be re-measured at each period end over their lives.
Capital Expenditures: During the quarter ended December 31, 2016, Resolute incurred oil and gas related capital expenditures of approximately $34.3 million, excluding acquisitions of $158.5 million, proceeds from divestitures of $3.6 million and capitalized interest of $2.7 million. During 2016, Resolute incurred oil and gas related capital expenditures of approximately $132.9 million, excluding acquisitions of $158.5 million, proceeds from divestitures of $38.9 million and capitalized interest of $4.1 million. These capital investments were primarily for drilling and completion projects in the Delaware Basin.
Liquidity and Capital Resources: Outstanding indebtedness of $538.3 million at December 31, 2016, consisted of $10.0 million in revolving credit facility debt, $128.3 million of the secured term loan facility (which was repaid in full on January 3, 2017) and $400 million of senior notes, compared to total indebtedness of $528.3 million at December 31, 2015, an increase of $10.0 million. As of December 31, 2016, the borrowing base under our revolving credit facility was $105 million. Subsequent to December 31, 2016, we repaid all amounts outstanding on the Secured Term Loan Facility and entered into the Third Amended and Restated Credit Agreement with an initial borrowing base of $150 million.
RESOLUTE ENERGY CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)
($ in thousands, except per share data)
Years Ended December 31,
Revenue:
Oil $ 148,336 $ 137,893 $ 293,970
Gas 10,661 12,628 26,254
Natural gas liquids 5,481 4,123 9,147
Total revenue 164,478 154,644 329,371
Lease operating 63,699 79,393 112,683
Production and ad valorem taxes 16,270 19,985 37,216
Depletion, depreciation, amortization, and asset retirement obligation accretion 50,462 94,338 132,154
Impairment of proved oil and gas properties 58,000 705,000 120,000
General and administrative 32,627 31,447 39,992
Cash-settled incentive awards 34,926 1,185 --
Total operating expenses 255,984 931,348 442,045
Loss from operations (91,506 ) (776,704 ) (112,674 )
Interest expense, net (50,684 ) (64,358 ) (31,489 )
Commodity derivative instruments gain (loss) (19,784 ) 76,492 118,141
Other income (expense) 343 (63 ) 32
Total other income (expense) (70,125 ) 12,071 86,684
Loss before income taxes (161,631 ) (764,633 ) (25,990 )
Income tax benefit (expense) (91 ) 22,354 4,140
Net loss $ (161,722 ) $ (742,279 ) $ (21,850 )
Net loss per common share:
Basic and diluted $ (10.33 ) $ (49.55 ) $ (1.50 )
Weighted average common shares outstanding:
Basic and diluted 15,767 14,986 14,760
Reconciliation of Net Income (Loss) to Adjusted EBITDA
In this press release, the term "Adjusted EBITDA" is used. Adjusted EBITDA is a non-GAAP financial measure and is equivalent to earnings before interest, income taxes, depreciation, depletion, amortization and accretion expenses, stock-based compensation, cash-settled incentive awards, mark-to-market commodity derivative gain (loss), gains and losses on the sale of assets, change in derivative fair value and ceiling write-down of oil and gas properties. Resolute's management believes Adjusted EBITDA is an important financial measurement tool that facilitates comparison of our operating performance, and provides information about the Company's ability to service or incur indebtedness and pay for its capital expenditures. This information differs from measures of performance determined in accordance with GAAP and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. This measure is not necessarily indicative of operating profit or cash flow from operating activities as determined under GAAP and may not be equivalent to similarly titled measures of other companies. The table below reconciles Resolute's net income (loss) to Adjusted EBITDA.
($ in thousands) ($ in thousands)
Interest expense, net 11,354 21,040 50,684 64,358
Income tax (benefit) expense 91 -- 91 (22,354 )
Stock-based compensation 1,172 3,392 6,316 12,371
Cash-settled incentive awards accrued 16,650 483 34,926 1,185
Cash-settled incentive awards paid (2,802 ) -- (5,742 ) --
Mark-to-market (gain) loss 26,406 4,137 107,794 16,658
Total adjustments 69,634 119,976 302,531 871,556
Earnings Call Information
Resolute will host an investor call on March 14, 2017, at 4:30 PM ET. To participate in the call please dial (888) 349-0084 from the United States, or (855) 669-9657 from Canada or (412) 902-4284 from outside the U.S. and Canada. Participants should dial in five to ten minutes before the scheduled time and must be on a touchtone telephone to ask questions. A replay of the call will be available through March 21, 2017, by dialing (844) 512-2921 from the U.S., or (412) 317-6671 from outside the U.S. The conference call replay number is 10102048.
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "poised," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. Such forward looking statements include statements regarding anticipated capital expenditures and activity in 2017 and beyond and the sources of such funding; future financial and operating results; liquidity and availability of capital; the anticipated closing of the Delaware Basin Orla Acquisition; future infrastructure and other capital projects; future production, reserve growth and decline rates; our intention to evaluate and pursue a sale of our Aneth Field assets; our plans and expectations regarding our future development activities including drilling, deepening, recompleting, fracing and refracing wells, the number of such potential projects, locations and productive intervals, and the prospectivity of our properties and acreage. Forward-looking statements in this press release include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: currently depressed commodity prices; the volatility of oil and gas prices including the price realized by Resolute for the oil and gas it sells; inaccuracy in reserve estimates and expected production rates; potential write downs of the carrying value and volumes of reserves as a result of low commodity prices; the discovery, estimation, development and replacement by Resolute of oil and gas reserves and the risks associated with the potential writedown of reserves; the future cash flow, liquidity and financial position of Resolute; Resolute's level of indebtedness and our ability to fulfill our obligations under the senior notes, our credit facility, and any additional indebtedness that we may incur; potential borrowing base reductions under our revolving credit facility; the success of the business and financial strategy, hedging strategies and plans of Resolute; the amount, nature and timing of capital expenditures of Resolute, including future development costs; the availability of additional capital and financing, including the capital needed to pursue our drilling and development plans for our properties, on terms acceptable to us or at all; the effectiveness of Resolute's CO2 flood program; uncertainty surrounding timing of identifying drilling locations and necessary capital to drill such locations; the potential for down-spacing, infill or multi-lateral drilling in the Permian Basin or obstacles thereto; the timing of issuance of permits and rights of way; the timing and amount of future production of oil and gas; availability of drilling, completion and production personnel, supplies and equipment; the completion and success of exploratory drilling on our properties; potential delays in the completion, commissioning and optimization schedule of Resolute's facilities construction projects or any potential breakdown of such facilities; operating costs and other expenses of Resolute; the success of prospect development and property acquisition of Resolute; timing of installation of gathering and processing infrastructure in new areas of development, including Resolute's dependence on third parties for such items; the success of Resolute in marketing oil and gas; competition in the oil and gas industry; the impact of weather and the occurrence of disasters, such as fires, floods and other events and natural disasters; environmental liabilities; anticipated supply of CO2, which is currently sourced exclusively under a contract with Kinder Morgan CO2 Company, L.P.; potential power supply limitations or delays; operational problems or uninsured or underinsured losses affecting Resolute's operations or financial results; adverse changes in government regulation and taxation of the oil and gas industry, including the potential for increased regulation of underground injection, fracing operations and venting/flaring; potential climate related change regulations; risks and uncertainties associated with horizontal drilling and completion techniques; the availability of water and our ability to adequately treat and dispose of water during and after drilling and completing wells; changes in derivatives regulation; developments in oil-producing and gas-producing countries; Resolute's relationship with the Navajo Nation and the local communities in the areas in which Resolute operates; and cyber security risks. Actual results may differ materially from those contained in the forward looking statements in this press release. Resolute undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. You are encouraged to review "Cautionary Note Regarding Forward Looking Statements" and "Item 1A - Risk Factors" and all other disclosures appearing in the Company's Form 10-K for the year ended December 31, 2016, and subsequent filings with the Securities and Exchange Commission for further information on risks and uncertainties that could affect the Company's businesses, financial condition and results of operations. All forward-looking statements are qualified in their entirety by this cautionary statement. Lateral lengths of wells described in this release are indicative only. Actual completed lateral lengths depend on various considerations such as leaseline offsets. Standard length laterals, sometimes referred to as 5,000 foot laterals, are laterals with completed length generally between 4,000 feet and 5,500 feet. Mid‐length laterals, sometimes referred to as 7,500 foot laterals, are laterals with completed length generally between 6,500 feet and 8,000 feet. Long laterals, sometimes referred to as 10,000 foot laterals, are laterals with completed length generally longer than 8,000 feet. Finally, production rates, including 24 hour and 30 day IP rates, for both our wells and for wells that are operated by others are limited data points in each well's productive history. Also, different operators have different operating philosophies, particularly early in the life of a well. Finally, the way we calculate and report 24 hour and 30 day IP rates and the methodologies used by others may not be consistent, thus the values reported may not be directly and meaningfully comparable. As a result, these metrics may not be indicative or predictive of future production rates, EUR or economic rates of return from such wells and should not be relied upon for such purpose. You are urged to consider closely the disclosure in Resolute's Annual Report on Form 10-K filed on March 13, 2017, in particular the factors described under "Risk Factors."
About Resolute Energy Corporation
Resolute is an independent oil and gas company focused on the acquisition and development of unconventional oil and gas properties in the Delaware Basin portion of the Permian Basin of west Texas. Resolute also operates Aneth Field, located in the Paradox Basin in Utah. For more information, visit www.resoluteenergy.com. The Company routinely posts important information about the Company under the Investor Relations section of its website. The Company's common stock is traded on the NYSE under the ticker symbol "REN."
HB Juengling
Vice President - Investor Relations
303-534-4600, extension 1555


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a = ReconstructionParameters(
    img_size=64,
    CR=1024,
    denoise=True,
    epochs=20,
    learning_rate=1e-6,
    step_size=10,
    gamma=1e-7,
    batch_size=256,
    regularization=1e-6,
    N0=2500,
    sig=0.5,
    arch_name='c0mp')

Traceback (most recent call last):

  File "C:\spas\Programs\Python\test.py", line 51, in <module>
    a = ReconstructionParameters(

  File "<string>", line 14, in __init__

  File "C:\spas\Programs\Python\test.py", line 48, in net_arch
    self.net_arch = int(netType[arch_name])

  File "C:\Users\user\Anaconda3\envs\singlepixelenv\lib\enum.py", line 349, in __getitem__
    return cls._member_map_[name]

KeyError: <property object at 0x000001CF7C26BA40>

A: The dataclass field and the property cannot have the same name. But you can add a leading underscore to the field, then the property will work.
from dataclasses import InitVar, dataclass, field
from enum import IntEnum

@dataclass
class ReconstructionParameters:
    img_size: int
    CR: int
    denoise: bool
    epochs: int
    learning_rate: float
    step_size: int
    gamma: float
    batch_size: int
    regularization: float
    N0: float
    sig: float

    arch_name: InitVar[str]

    _net_arch: int = field(init=False)

    def __post_init__(self, arch_name):
        self.net_arch = arch_name

    @property
    def net_arch(self):
        return str(netType(self._net_arch))

    @net_arch.setter
    def net_arch(self, arch_name):
        self._net_arch = int(netType[arch_name])

class netType(IntEnum):
    c0mp = 0
    comp = 1
    pinv = 2
    free = 3

a = ReconstructionParameters(
    img_size=64,
    CR=1024,
    denoise=True,
    epochs=20,
    learning_rate=1e-6,
    step_size=10,
    gamma=1e-7,
    batch_size=256,
    regularization=1e-6,
    N0=2500,
    sig=0.5,
    arch_name='c0mp')

print(a)
# ReconstructionParameters(img_size=64, CR=1024, denoise=True, epochs=20, learning_rate=1e-06, step_size=10, gamma=1e-07, batch_size=256, regularization=1e-06, N0=2500, sig=0.5, _net_arch=0)
print(a.net_arch)
# netType.c0mp

A: I might be misunderstanding something, but isn't this here what you want, without needing properties?
from dataclasses import dataclass, field

@dataclass
class ReconstructionParameters:

    img_size: int
    CR: int
    denoise: bool
    epochs: int
    learning_rate: float
    step_size: int
    gamma: float
    batch_size: int
    regularization: float
    N0: float
    sig: float
    arch_name: str

    net_arch: int = field(init=False)

    def __post_init__(self):
        self.net_arch = getattr(netType, arch_name)

redpajama_set_name: RedPajamaStackExchange


text:
Церква Святого Миколая — парафія і храм Великоглибочанського деканату Тернопільсько-Зборівської архієпархії Української греко-католицької церкви в с. Біла Тернопільського району Тернопільської області. Пам'ятка архітектури місцевого значення, охоронний номер 229/1.

Історія
Найдавніші архівні відомості про храм Святого Миколая сягають 1601 року.

У 1832—1842 роках село Біла мало незалежну парафію. У 1844 році церква Святого Миколая була дочірньою церквою, у 1877 церква Білої була вже матірною, а в Чистилові і Плотичі були дочірні. За служіння о. Омеляна Застіржеща збудовано проборство.

На межі ХІХ—ХХ ст. парохом Білої був о. Амвросій Крушельницький, батько співачки Соломії Крушельницької. Останнім довоєнним нарохом села був о. Євген Алиськевич, якого у 1939 році радянська влада вигнала з проборства та репресувала.

За пароха о. Миколи Бутринського, парафія і храм у 1946 р. перейшли в РПЦ. Після 1960 року храм Святого Миколая державна влада закрила і його використовували як склад обласної друкарні.

Довший час греко-католицьке підпілля у Білій пов'язане зі служінням та життям у с. Біла репресованого підпільного священника о. Володимира Теленка (1908—1992). Кімната в його домі була підпільним храмом. 80 відсотків білівчан хрестив, вінчав, сповідав і причащав саме він. Наприкінці 1989 року на храмове свято Миколая першу Службу Божу відправили о. В. Теленко, новий парох Білої о. Василь Козій і ще два підпільні священники о. Василь Баран та о. Євстахій Смаль.

Церкву Святого Миколая відкрили в лютому 1989, коли ще тривав її ремонт. 12 грудня 1989 року на прохання парафіян із благословення владики Володимира Стернюка о. Смаль освятив відремонтований храм і престіл.

У 1994 р. о. Василь Козій освятив хрест під будівництво нового храму Покрови Пресвятої Богородиці, а на свято Покрови Пресвятої Богородиці в 1995 році о. Козій освятив каплицю на місці, де мав постати новий храм.

У 2004—2007 роках храм реставрували зовні і всередині. Його розписав відомий іконописець Тарас Гатала. На храмовий празник 19 грудня 2007 року тодішній єпископ (тепер митрополит) Василь (Семенюк) разом із громадою освятив престіл і відновлений храм.

Дзвіниця

Пам'ятка архітектури місцевого значення, охоронний номер 229/2.

У 1995 році біля церкви Святого Миколая о. Смаль разом з громадою відкрив нову дзвіницю.

Парафія
До парафії належать близько 600 осіб. У власності парафії є храм і Духовно-молодіжний центр.

Старшим братом є Володимир Піган. Катехизацію проводить Оксана Глинська.

На парафії діють братство «Апостольство молитви», спільнота «Матері в молитві», Вівтарна та Марійська дружини. Усі зібрання катехитичних груп відбуваються у спеціально призначеному для катехизації Духовному молодіжному центрі.

Парохи

Джерело

Примітки

Посилання

Церкви Тернопільського району
Церкви Тернопільсько-Зборівської архієпархії УГКЦ
Пам'ятки архітектури Тернопільського району
Біла (Тернопільський район)
Культові споруди, побудовані 1870
Біла
Засновані в Україні 1870

redpajama_set_name: RedPajamaWikipedia


We place a huge value on families.
We realize that our most important relationships are our families so we want to make a big investment there. We offer multiple environments for children from birth all the way through High School. Each environment is appropriately catered to each age group.
For babies–5th grade, eKids is a children's ministry uniquely designed with your child in mind! Kids experience safe, age-appropriate environments where the Bible is taught in a creative and relevant way. They have their own music, games, illustrations, and even small groups that meet every Sunday morning.
We believe that it's important to engage our teenagers in a way that is both relevant to them, but also reinforces relationships back to the family and the church as a whole. Middle School & High School aged students attend church on Sunday mornings with the adults, but have their own environments and small groups that meet throughout the week.
Eikon Church is excited to provide a warm and welcoming environment for your child, while you get some free time! We are passionate about investing our best in the next generation. Twice a week we will meet with your children to learn, grow, and develop their skills to be spiritually, academically, and socially prepared for the entrance into the next step of their lives.


The Alaska Department of Natural Resources has called for briefing on an appropriate remedy following rejection of the proposed modified 22nd plan of development for the Point Thomson unit.
Alaska Superior Court Judge Sharon Gleason's Dec. 26 decision on the appeal by Exxon Mobil Corp., BP Exploration (Alaska), Chevron U.S.A. and ConocoPhillips Alaska affirmed DNR's decision to reject the proposed plan but remanded the matter to DNR so that the appellants could be heard on an appropriate remedy (see story in Jan. 6 issue of Petroleum News available online at noon today).
He said the companies may submit briefing to DNR on whether unit termination is the appropriate remedy — and if unit termination is not appropriate, what remedy would be appropriate for the failure to submit an acceptable plan of development.
Briefings are due Feb. 4.
The Department of Natural Resources Division of Mining, Land and Water said this morning that soil temperatures and snow cover within the Upper Foothills area have met the criteria for opening (9 inches of snow and colder than minus 5 degrees Celsius at 30 centimeters depth) for off-road travel.
The opening was effective at 9 a.m.
The division said the opening applies only to those operators with valid off-road vehicle travel permits to operate on state-owned lands on the North Slope.
DNR staff will continue to travel to the North Slope to determine when the Eastern Coastal and Lower Foothills areas can be opened.
The Western Coastal area was opened Dec. 28.


This verse scares me. It highlights the radical difference between the life lived in the flesh and the life lived by the Spirit. One ends in death, and the other in life. One leads to eternal separation from God, and the other leads to eternal life with the Father in heaven.
So why does this verse scare me? I love Jesus Christ, I have placed my faith in him, and Jesus is Lord of my life. But, I still battle with my sinful nature. My heart of stone has been changed by Jesus Christ, yet I still struggle with sin. The Holy Spirit lives in me, yet I stumble.
This verse also encourages me. We all have a sinful nature, but we do not need to live by it. A heart that has been truly transformed by Jesus will live by the Spirit and put to death the deeds of the flesh. Although we will battle our flesh here on earth, a genuine Christian can anticipate a day when there is no more sin, no more sadness, and no more trials. We will experience the beautiful presence of God forever.
Be warned by this verse. Do not live according to the flesh.
Be encouraged by this verse. Live by the Spirit, put to death the deeds of the flesh, and anticipated eternal life with our Heavenly Father.


text:
Q: How to properly route different paths with ExpressJS/ NodeJS? I initially had a problem where I had two separate and distinct paths for my nodeJS server like so:
Path A to fetch all businesses near latlng coordinates:
app.get("/:lat/:lng/", (req, res) => {

Path B to fetch review for specific business:
app.get('/businesses/:businessID/reviews', (req, res)=>{

As soon as I modify Path A to add a category parameter:
app.get("/:lat/:lng/:searchCategory", (req, res) => {

Path B throws error code 400 and no longer fetches reviews. I figured out a "bandaid" solution by just extending the length of parameters in my Path A like so:
app.get("/:lat/:lng/category/:searchCategory", (req, res) => {

Everything is working as expected now but I want to know what is happening and why. I couldn't really find an explanation. It seems like I'm following all the ExpressJS docs and rules.

A: Routes that consist entirely of wildcards (specifications that match ANYTHING) are generally a problem in Express.  While an extremely careful design can sometimes make this work, it is very easy to run into conflicts with other routes because wildcard routes match ANYTHING, even other things that you want to use as different routes.  In addition, these top level wildcard routes often cause future design and expansion problems because if you want to then add new top level routes in the future, your options may be limited because of the previous wildcard routes that you allowed.
The safest option and simplest option is to NOT use top level wildcard routes at all.  Always use some non-wildcard prefix on each route like this:
app.get("/loc/:lat/:lng/", ...);

Since this is not a top level wildcard, this will not conflict with any other top level routes as long as they don't start with /loc.
You could then also have these to go with it and none would conflict:
app.get("/loc/:lat/:lng/:searchCategory", ...)
app.get('/businesses/:businessID/reviews', ...)

Note, the common theme here is that each family of routes has its own top level non-wildcard path segment.  In the case of these three routes, they use /loc and /businesses and that clearly separates them so they won't conflict.  Then, within /loc, you have one with two parameters and one with three parameters so those don't conflict.

If you want to know why these two conflict:
app.get("/:lat/:lng/:searchCategory", ...)
app.get('/businesses/:businessID/reviews', ...)

it's because both are three parameter URLs and the first one accepts three wildcards so it matches ANY three parameter URL, not just URLs that actually contain lat and long values.
Technically, you could reverse these definitions to get them separated:
app.get('/businesses/:businessID/reviews', ...)
app.get("/:lat/:lng/:searchCategory", ...)

And, this would work, but creating a URL structure that conflicts in principle and only works if you define all the routes in the exact right order is a maintenance headache going forward and is prone to breaking with one simple change in the code or is prone to getting boxed in sometime in the future when you can't extend your URL structure in the way you want because of the past wildcard routes.
So, my advice is to avoid top level wildcard routes.  If each URL that contains a wildcard has it's own non-wildcard top level specifier, then all wildcard routes are uniquely separated and you don't have conflicts or ordering issues.


Patricia Espinosa has been formally confirmed as the new head of the UN's Bonn-based climate body after a governing council of countries agreed with Ban Ki-moon's nomination.
The Mexican diplomat takes charge of the climate talks in July from Costa Rican Christiana Figueres, who is stepping down after six years in the role.
"I stand ready to work with all governments – as well with all other stakeholders – to realize the inspiring aims and ambitions of the new UN climate agreement adopted in Paris last December," Espinosa said in a statement.
Currently Mexico's ambassador to Berlin, the veteran civil servant gained widespread praise for her role in guiding the 2010 Cancun climate summit to a successful conclusion.
"I consider Patricia Espinosa the right person at the right time for advancing the historic Paris Climate Change Agreement," said Figueres.
Espinosa's first challenge will be steering negotiations at the 2016 Marrakech UN climate summit. Having approved the Paris Agreement in 2015, 196 countries are now working on a set of rules to ensure it can be implemented effectively.
Who's in line to be the next UN climate change chief?


text:
{{Infobox Cérémonie
| charte             = cinéma
| titre              =  des Oscars
| image              =
| légende            =
| récompense         = Oscars du cinéma
| organisé par       = l'Academy of Motion Picture Arts and Sciences

| date               =
| lieu               = Pantages Theatre, Hollywood, New York
| présentateur       =
| diffusion          =
| site web           = http://oscar.go.com/

| titre récompense 1 = Meilleur film
| récompense 1       = Sous le plus grand chapiteau du monde
| titre récompense 2 = Meilleur film étranger
| récompense 2       = Jeux interdits| titre récompense 3 = Films les plus nommés
| récompense 3       = Le train sifflera trois fois Moulin RougeL'Homme tranquille (7)
| titre récompense 4 = Film le plus récompensé
| récompense 4       = Les Ensorcelés (5)

| précédent          =  des Oscars
| suivant            =  des Oscars
}}

La   des Oscars du cinéma s'est déroulée le , conjointement au Pantages Theatre à Los Angeles et au  à New York.

 Palmarès

 Meilleur film
 Sous le plus grand chapiteau du monde (The Greatest Show on Earth) - Cecil B. DeMille pour Paramount Pictures L'Homme tranquille (The Quiet Man) - John Ford et Merian C. Cooper pour Argosy Pictures et Republic Pictures
 Ivanhoé (Ivanhoe) - Pandro S. Berman pour Metro-Goldwyn-Mayer
 Moulin Rouge - Romulus Films
 Le train sifflera trois fois (High Noon) - Stanley Kramer pour Stanley Kramer Productions et United Artists

 Meilleur réalisateur
 John Ford pour L'Homme tranquille (The Quiet Man) Joseph L. Mankiewicz pour L'Affaire Cicéron (5 Fingers)
 Fred Zinnemann pour Le train sifflera trois fois (High Noon)
 John Huston pour Moulin Rouge
 Cecil B. DeMille pour Sous le plus grand chapiteau du monde (The Greatest Show on Earth)

 Meilleur acteur
 Gary Cooper pour le rôle de Will Kane dans Le train sifflera trois fois (High Noon) José Ferrer pour le rôle de Alphonse / Henri de Toulouse-Lautrec dans Moulin rouge
 Kirk Douglas pour le rôle de Jonathan Shields dans Les Ensorcelés (The Bad and the Beautiful)
 Alec Guinness pour le rôle de M. Holland dans De l'or en barre (The Lavender Hill Mob)
 Marlon Brando pour le rôle de Emiliano Zapata dans Viva Zapata!

 Meilleure actrice
 Shirley Booth pour le rôle de Lola Delaney dans Reviens petite Sheba (Come Back, Little Sheba) Bette Davis pour le rôle de Margaret Elliot dans La Star (The Star)
 Joan Crawford pour le rôle de Myra Hudson dans Le Masque arraché (Sudden Fear)
 Julie Harris pour le rôle de Frances "Frankie" Addams dans L'Invitée à la noce (The Member of the Wedding)
 Susan Hayward pour le rôle de Jane Froman dans Un refrain dans mon cœur (With a Song in My Heart)

 Meilleur acteur dans un second rôle
 Anthony Quinn pour le rôle d'Eufemio Zapata dans Viva Zapata!
 Richard Burton pour le rôle de Philip Ashley dans Ma cousine Rachel (My Cousin Rachel)
 Jack Palance pour le rôle de Lester Blaine dans Le Masque arraché (Sudden Fear)
 Arthur Hunnicutt pour le rôle de Zeb Calloway dans La Captive aux yeux clairs (The Big Sky)
 Victor McLaglen pour le rôle de Will 'Red' Danaher dans L'Homme tranquille (The Quiet Man)

Meilleure actrice dans un second rôle
 Gloria Grahame pour le rôle de Rosemary Bartlow dans Les Ensorcelés (The Bad and the Beautiful)
 Terry Moore pour le rôle de Marie Buckholder dans Reviens petite Sheba (Come Back, Little Sheba)
 Colette Marchand pour le rôle de Marie Charlet dans Moulin rouge
 Jean Hagen pour le rôle de Lina Lamont dans Chantons sous la pluie (Singin' in the Rain)
 Thelma Ritter pour le rôle de Clancy dans Un refrain dans mon cœur (With a Song in My Heart)

Meilleur scénario original
 T.E.B. Clarke pour De l'or en barres (The Lavender Hill Mob)
 Sydney Boehm pour Le Vol du secret de l'atome (The Atomic City)
 Terence Rattigan pour Le Mur du son (The Sound Barrier)
 Ruth Gordon et Garson Kanin pour Mademoiselle Gagne-Tout (Pat and Mike)
 John Steinbeck pour Viva Zapata!

Meilleur scénario adapté
 Charles Schnee pour Les Ensorcelés (The Bad and the Beautiful), d'après Tribute to a Badman de
 Michael Wilson pour L'Affaire Cicéron (5 Fingers), d'après le roman Operation Cicero de Ludwig Carl Moyzisch
 Carl Foreman pour Le train sifflera trois fois (High Noon), d'après la nouvelle The Tin Star de
 , Roger MacDougall et Alexander Mackendrick pour L'Homme au complet blanc (The Man in the White Suit), d'après la pièce The Man in the White Suit de Roger MacDougall
 Frank S. Nugent pour L'Homme tranquille (The Quiet Man), d'après la nouvelle Green Rushes de Maurice Walsh

Meilleure histoire originale
 Frank Cavett, Fredric M. Frank et Theodore St. John pour Sous le plus grand chapiteau du monde (The Greatest Show on Earth)
 Leo McCarey pour Mon fils John (My Son John)
 Martin Goldsmith et Jack Leonard pour L'Énigme du Chicago Express (The Narrow Margin)
 Guy Trosper pour The Pride of St. Louis
 Edward Anhalt et Edna Anhalt pour L'Homme à l'affût (The Sniper)

Meilleurs décors
Noir et blanc
 Les Ensorcelés (The Bad and the Beautiful) – Directeurs artistiques : Cedric Gibbons et Edward C. Carfagno - Chefs décorateurs : Edwin B. Willis et F. Keogh Gleason Un amour désespéré (Carrie) – Directeurs artistiques : Hal Pereira et  - Chef décorateur : Emile Kuri
 Ma cousine Rachel (My cousin Rachel) – Directeurs artistiques : Lyle Wheeler et John DeCuir - Chef décorateur : Walter M. Scott
 Rashōmon () – Directeur artistique : Takashi Matsuyama - Chef décorateur :
 Viva Zapata ! (Viva Zapata!) – Directeurs artistiques : Lyle Wheeler et  - Chefs décorateurs : Thomas Little et
Couleur
 Moulin rouge – Directeur artistique : Paul Sheriff - Chef décorateur : Marcel Vertès Hans Christian Andersen et la Danseuse (Hans Christian Andersen) – Directeurs artistiques : Richard Day et Antoni Clavé - Chef décorateur :
 La Veuve joyeuse (The Merry Widow) – Directeurs artistiques : Cedric Gibbons et Paul Groesse - Chefs décorateurs : Edwin B. Willis et Arthur Krams
 L'Homme tranquille (The Quiet Man) – Directeur artistique :  - Chefs décorateurs :  et
 Les Neiges du Kilimandjaro (The Snows of Kilimanjaro) – Directeurs artistiques : Lyle Wheeler et John DeCuir - Chefs décorateurs : Thomas Little et Paul S. Fox

 Meilleurs costumes
Noir et blanc
 Helen Rose pour Les Ensorcelés (The Bad and the Beautiful) Jean-Louis Berthault pour L'Affaire de Trinidad (Affair in Trinidad)
 Edith Head pour Un amour désespéré (Carrie)
 Charles Le Maire et Dorothy Jeakins pour Ma cousine Rachel (My cousin Rachel)
  pour Le Masque arraché (Sudden Fear)
Couleur
 Marcel Vertès pour Moulin rouge
 Edith Head, Dorothy Jeakins et  pour Sous le plus grand chapiteau du monde (The greatest show on earth)
 Antoni Clavé, Mary Wills et Barbara Karinska pour Hans Christian Andersen et la Danseuse (Hans Christian Andersen)
 Helen Rose et Gile Steele pour La Veuve joyeuse (The Merry Widow)
 Charles Le Maire pour Un refrain dans mon cœur (With a Song in My Heart)

Meilleure photographie
Noir et blanc
 Robert Surtees pour Les Ensorcelés (The Bad and the Beautiful)
 Russell Harlan pour La Captive aux yeux clairs (The Big Sky)
 Joseph LaShelle pour Ma cousine Rachel (My Cousin Rachel)
 Virgil Miller pour Navajo
 Charles Lang pour Le Masque arraché (Sudden Fear)
Couleur
 Winton Hoch et Archie Stout pour L'Homme tranquille (The Quiet Man)
 Harry Stradling Sr. pour Hans Christian Andersen et la Danseuse (Hans Christian Andersen)
 Freddie Young pour Ivanhoé (Ivanhoe)
 George J. Folsey pour La Première Sirène (Million Dollar Mermaid)
 Leon Shamroy pour Les Neiges du Kilimandjaro (The Snows of Kilimanjaro)

Meilleur montage
 Harry Gerstad et Elmo Williams pour Le train sifflera trois fois (High Noon)
 Warren Low pour Reviens petite Sheba (Come Back, Little Sheba)
 William Austin pour L'Escadrille de l'enfer (Flat Top)
 Anne Bauchens pour Sous le plus grand chapiteau du monde (The Greatest Show on Earth)
 Ralph Kemplen pour Moulin Rouge

Meilleur son
 Le Mur du son (The Sound Barrier) – London Film Sound Department Trois dames et un as (The Card) – Pinewood Studios Sound Department
 Hans Christian Andersen et la Danseuse (Hans Christian Andersen) – Gordon E. Sawyer (Samuel Goldwyn Studio Sound Department)
 L'Homme tranquille (The Quiet Man) –  (Republic Studio Sound Department)
 Un refrain dans mon cœur (With a Song in My Heart) – Thomas T. Moulton (20th Century-Fox Studio Sound Department)

 Meilleure musique de film
Film dramatique ou comédie
 Dimitri Tiomkin pour Le train sifflera trois fois (High Noon) Miklós Rózsa pour Ivanhoé (Ivanhoe)
 Max Steiner pour Le Miracle de Fatima (The Miracle of Our Lady of Fatima)
 Herschel Burke Gilbert pour L'Espion (The Thief)
 Alex North pour Viva Zapata ! (Viva Zapata!)
Film musical
 Alfred Newman pour Un refrain dans mon cœur (With a Song in My Heart) Walter Scharf pour Hans Christian Andersen et la Danseuse (Hans Christian Andersen)
 Ray Heindorf et Max Steiner pour Le Chanteur de jazz (The Jazz Singer)
 Gian-Carlo Menotti pour Le Medium (Il medium)
 Lennie Hayton pour Chantons sous la pluie (Singin' in the Rain)

 Meilleure chanson
 The Ballad of High Noon dans Le train sifflera trois fois (High Noon) – Musique : Dimitri Tiomkin ; paroles : Ned Washington Am I in Love dans Le Fils de visage pâle (Son of Paleface) – Paroles et musique : Jack Brooks
 Because You're Mine dans Tu es à moi (Because You're Mine) – Musique : Nicholas Brodszky ; paroles : Sammy Cahn
 Thumbelina dans Hans Christian Andersen et la Danseuse (Hans Christian Andersen) – Paroles et musique : Frank Loesser
 Zing A Little Zong dans Pour vous, mon amour (Just for You) – Musique : Harry Warren ; paroles :

 Meilleur film documentaire
 Cette mer qui nous entoure (The Sea Around Us) de Irwin Allen The Hoaxters
 Navajo de Norman Foster

 Meilleurs effets spéciaux
 Capitaine sans loi (Plymouth Adventure) Meilleur court métrage en prises de vues réelles
Une bobine
 Light in the Window de Jean Oser
 Athletes of the Saddle Desert Killer Voisins (Neighbours) de Norman McLaren
 Royal ScotlandDeux bobines
 Les Oiseaux aquatiques (Water Birds) de Ben Sharpsteen
 Bridge of Time
 Devil Take Us
 Thar She Blows! Meilleur court métrage documentaire
 Voisins (Neighbours) de Norman McLaren Devil Take Us de Herbert Morgan
 The Garden Spider de Alberto Ancilotto
 Man Alive! de William T. Hurtz

 Meilleur court métrage d'animation
 Jerry danse la valse de Vienne (Johann Mouse), série Tom et Jerry, de William Hanna et Joseph Barbera'''
 Johnny le petit jet (Little Johnny Jet) de Tex Avery
 Madeline de Robert Cannon
 Pink and Blue Blues, série Mister Magoo, de Pete Burness
 The Romance of Transportation in Canada de Colin Low

 Oscars d'honneur
 George Alfred Mitchell
 Joseph M. Schenck
 Merian C. Cooper
 Harold Lloyd
 Bob Hope

 Oscar d'honneur du meilleur film étranger
 Jeux interdits de René Clément •

 Oscar en mémoire d'Irving Thalberg
 Cecil B. DeMille

 Oscars scientifiques et techniques

 Statistiques
 Récompenses multiples
 5 Oscars : Les Ensorcelés 4 Oscars : Le train sifflera trois fois 2 Oscars : Sous le plus grand chapiteau du monde, Moulin rouge, L'Homme tranquille Nominations multiples
 7 nominations: Le train sifflera trois fois, Moulin rouge, L'Homme tranquille 6 nominations: Les Ensorcelés, Hans Christian Andersen et la Danseuse 5 nominations: Sous le plus grand chapiteau du monde, Viva Zapata !, Un refrain dans mon cœur 4 nominations: Ma cousine Rachel, Le Masque arraché 3 nominations: Reviens petite Sheba, Ivanhoé 2 nominations: La Captive aux yeux clairs, Le Mur du son, Un amour désespéré, Devil Take Us, L'Affaire Cicéron, De l'or en barre, La Veuve joyeuse, Navajo, Voisins, Chantons sous la pluie, Les Neiges du Kilimandjaro''

Notes et références

Voir aussi

Articles connexes
 10e cérémonie des Golden Globes
 6e cérémonie des British Academy Film Awards

Liens externes
  Site officiel de l'Academy of Motion Picture Arts and Sciences
  Base de données sur le site officiel des Oscars
  Site officiel des Oscars (cérémonie de l'année)
  Les Oscars par année sur l'Internet Movie Database

Oscars du cinéma par année
Oscars
1953 au cinéma
Cérémonie des oscars à Los Angeles


text:
Advanced Scientific Computing Research Home
Advanced Scientific Computing Research
ASCR Highlights
Advanced Scientific Computing Advisory Committee (ASCAC)
Supercomputers for Quantum Computers
Image courtesy of H. Seo, M. Govoni, and G. Galli, University of Chicago
The figure illustrates the spin of a nitrogen vacancy (yellow) in aluminum nitride (cube) designed for qubit applications, such as quantum computers.
Quantum computers—a possible future technology that would revolutionize computing by harnessing the bizarre properties of quantum bits, or qubits. Qubits are the quantum analogue to the classical computer bits "0" and "1." Engineering materials that can function as qubits is technically challenging. Using supercomputers, scientists from the University of Chicago and Argonne National Laboratory predicted possible new qubits built out of strained aluminum nitride. Moreover, the scientists showed that certain newly developed qubits in silicon carbide have unusually long lifetimes.
Quantum computers could break common cryptography techniques, search huge datasets, and simulate quantum systems in a fraction of the time it would take today's computers. However, engineers first need to harness the properties of quantum bits. Engineering new qubits with less difficult methods could lower one of the significant barriers to scaling quantum computers from small prototypes into larger-scale technologies.
One of the leading methods for creating qubits involves exploiting specific structural atomic defects in diamonds. Using diamonds is both technically challenging and expensive. Now researchers from the University of Chicago and Argonne National Laboratory have suggested an analogous defect in aluminum nitride, which could reduce the difficulty and ultimate cost of manufacturing materials for quantum computing applications. Using the Edison and Mira supercomputers at DOE's National Energy Research Scientific Computing Center and Argonne National Laboratory respectively, the researchers found that by applying strain to aluminum nitride, they can create structural defects in the material that may be harnessed as qubits similar to those seen in diamonds. They performed their calculations using different levels of theory and the Quantum Espresso and WEST codes, the latter developed at the University of Chicago. The codes allowed them to accurately predict the position of the defect levels in the band-gap of semiconductors. The researchers also closely collaborated with experimentalists to understand and improve the performance of qubits in industrial materials. Recently, they showed that newly developed qubits in silicon carbide have much longer coherence times than that of the more well-established defect qubits in diamond. Their results pointed to industrially important polyatomic crystals as promising hosts for coherent qubits for scalable quantum devices.
Hosung Seo
hseo@uchicago.edu
Marco Govoni
University of Chicago/Argonne National Laboratory
mgovoni@uchicago.edu
Giulia Galli
gagalli@uchicago.edu
HS was primarily supported by the National Science Foundation through the University of Chicago Materials Research Science and Engineering Center under award DMR-1420709. The software developed in this project was supported by MICCoM (MG and GG), as part of the Computational Materials Sciences Program funded by the U.S. Department of Energy (DOE), Office of Science, Basic Energy Sciences, Materials Sciences and Engineering Division. Part of this work (MG) was done at Argonne National Laboratory, supported under DOE contract DE-AC02-06CH1135. This research used resources of the National Energy Research Scientific Computing Center (NERSC), a DOE Office of Science user facility supported by the DOE Office of Science under contract DE-AC02-05CH11231, resources of the Argonne Leadership Computing Facility, which is a DOE Office of Science user facility supported under contract DE-AC02-06CH11357, and resources of the University of Chicago Research Computing Center.
H. Seo, M. Govoni, and G. Galli, "Design of defect spins in piezoelectric aluminum nitride for solid-state hybrid quantum technologies ." Scientific Reports 6, Article No. 20803 (2016). [DOI: 10.1038/srep20803]
H. Seo, A.L. Falk, P.V. Klimov, K.C. Miao, G. Galli, and D.D. Awschalom, "Quantum decoherence dynamics of divacancy spins in silicon carbide. " Nature Communications 7, 12935 (2016). [DOI: 10.1038/ncomms12935]
PhysOrg article: Could Aluminum Nitride Be Engineered to Produce Quantum Bits?
National Energy Research Scientific Computing Center article: Could Aluminum Nitride Be Engineered to Produce Quantum Bits?
University of Chicago: From the Bottom Up
WEST website: www.west-code.org
Highlight Categories
Program: ASCR, BES, MSE
Performer/Facility: University, SC User Facilities, NERSC, ALCF
Additional: Collaborations, Non-DOE Interagency Collaboration

redpajama_set_name: RedPajamaCommonCrawl


text:
from types import ModuleType
import unittest

import dcm.agent.cmd.gen_docs as gen_docs

class TestGenDocs(unittest.TestCase):

    def setUp(self):
        """
        :return: a list of the files in src/dcm/agent/plugins/builtin
        """
        self.files = gen_docs.filelist

    def tearDown(self):
        self.files = None

    def test_files(self):
        """
        :return: assert that list does not contain .pyc files
                 and that it does contain add_user.py
        """
        assert ("__init__.py" not in self.files)
        assert ("__init__.pyc" not in self.files)
        assert ("add_user.py" in self.files)
        assert ("add_user.pyc" not in self.files)

    def test_dynamic_import(self):
        """
        :return: call dynamic_import and assert that it returns a module
        """
        for file in self.files:
            x = gen_docs.dynamic_import(file)
            # it is a module
            assert (isinstance(x, ModuleType))

    def test_get_protocol_argument_dict(self):
        """
        :return: call get_protocol_argument_dict and assert
                 that it returns a dict
        """
        for file in self.files:
            x = gen_docs.dynamic_import(file)
            y = gen_docs.get_protocol_argument_dict(x)
            # it is a dict
            assert (isinstance(y, dict))

    def test_gen_md_output(self):
        """
        :return: assertion that expected_output is legit
                 when remove_user.py and add_user.py are
                 run through gen_docs.py
        """

        fileone = 'remove_user.py'
        expected_output_fileone = """## remove_user.py parameters:
- userId: The unix account name of the user to remove
    - optional: True
    - type: str
    - default: None
"""

        filetwo = 'add_user.py'
        expected_output_filetwo = """## add_user.py parameters:
- administrator: A string that is either 'true' or 'false' which indicates if the new user should have ssh access
    - optional: True
    - type: str
    - default: None
- authentication: The user's ssh public key
    - optional: True
    - type: str
    - default: None
- firstName: The user's first name
    - optional: True
    - type: str
    - default: None
- lastName: The user's last name
    - optional: True
    - type: str
    - default: None
- userId: The new unix account name to be created
    - optional: True
    - type: Safe user name
    - default: None
"""

        # check remove_user.py
        x = gen_docs.dynamic_import(fileone)
        y = gen_docs.get_protocol_argument_dict(x)
        z = gen_docs.output_markdown(fileone, y)

        assert (z == expected_output_fileone)

        # check add_user.py
        a = gen_docs.dynamic_import(filetwo)
        b = gen_docs.get_protocol_argument_dict(a)
        c = gen_docs.output_markdown(filetwo, b)

        assert (c == expected_output_filetwo)

redpajama_set_name: RedPajamaGithub


text:
McKinsey Economic Conditions Snapshot Takes a Downward Turn
Oct 1, 2018 | Analysis, Associations, Consultants
Respondents express declining optimism on the economy, especially in emerging markets. The United States gains more attention as a destination for new business opportunities.
As they regard economic conditions at home and in the world economy, executives are warier than they have been all year. For the third quarter in a row, respondents to McKinsey's newest survey of executive sentiment share less positive assessments of the economy's current state,1and their outlook for the months ahead is also cautious. Expectations for trade activity are declining, trade-related risks are still perceived as top threats to growth, and for the first time this year, less than half expect the rate of economic growth, both at home and globally, will increase over the next six months. The view from emerging economies is particularly downbeat. These respondents offer a more negative overall assessment of the global economy, economic conditions in their own countries, and their companies' prospects. In a few cases, they are also more likely to cite the United States as the country with the best opportunities for their businesses, rather than their home countries or nearby economies.
Economic sentiment takes a downward turn
The newest results suggest concern over the momentum of the economy, and respondents' economic sentiments are the most uncertain they have been all year. In their assessment of the global economy, 38 percent of all respondents say conditions have worsened in the past six months, up from 26 percent in June. At 31 percent, the share reporting improvements is even smaller; it's the first time since December 2016 that a larger share of respondents say global economic conditions have worsened than have improved.2 Sentiment on country-level performance also continues to decline (Exhibit 1). The share of respondents saying conditions in their home economies are worse now than six months ago is nearly equal to the share saying conditions are better.
The responses also signal increasingly cautious views on trade: 36 percent of respondents say that in the past year, the level of trade between their home countries and the rest of the world has decreased, up from 22 percent who said so in June. In a few regions (North America, most notably), respondents have reported sizable declines in their countries' trade levels in the past two surveys. By contrast, those in India and in Latin America are the most likely to report an increase in trade levels, and they are the only two groups less likely to report declines in this survey than they were one year ago (Exhibit 2).
Still, on all of these measures, respondents in emerging economies are notably more negative than their developed-economy peers (Exhibit 3). Overall, they are much more likely than their counterparts to say global conditions and conditions in their home economies have worsened in recent months. This is especially true in Latin America, where just six months ago, 62 percent of respondents believed conditions in their countries would be better by now. Just 17 percent say conditions have improved during that time. When asked about trade levels, emerging-economy respondents overall are most likely to report increases in the past year.3 Yet those in this group are also more likely than their peers to report declining trade: 44 percent do so, compared with 32 percent in developed economies.
Waning optimism
Looking ahead, respondents also report a progressively less positive outlook on the economy. Compared with the past two surveys, smaller shares predict that the global economy and their home economies will be better in six months than they are now (Exhibit 4). Nevertheless, respondents across regions feel more positive about their future than the present—except in Europe and in North America (and in the United States specifically). In North America, respondents report much more buoyant views than their peers on current conditions: 53 percent say their economies are in better shape now than six months ago, compared with 30 percent of all other respondents. But they are much more negative about their home countries' prospects. Just 28 percent in the region believe future conditions will continue to improve, and a slightly larger share predict that domestic conditions will worsen.
And while respondents still tend to expect the economy's growth rate will increase rather than contract, their overall optimism about economic growth continues to decline. Currently, 44 percent expect the global economy's growth rate will increase in the next six months (and 39 percent expect a contraction), down from 65 percent six months ago. Forty-seven percent say the same for their home economies, down from 61 percent six months ago. On their countries' trade prospects, too, there is a marked decline in expectations. Forty-six percent expect trade levels will decrease in the next year, a share that has grown steadily since December 2017, when half that share expected trade would decrease.
PreviousiNEMI Announces Presentations at the SMTA International Conference
NextLeading UK and Chinese Universities hold international conferences on manufacturing and energy
While Desktops, Traditional Notebooks, and Slate Tablets Continue to Decline, Newer Form Factors Show Signs of Growth, According to IDC
Global GDP Impact on Worldwide IC Market Growth Forecast to Rise
ECIA Updates Members on RoHS Amendment
IPC and WHMA Sign Affiliation Agreement


During the past 30 years, the field of alkene polymerization over transition metal catalysts underwent several major changes:1. The list of commercial heterogeneous Ziegler-Natta catalysts for the synthesis of polyethylene and stereoregular polyolefins was completely renewed affording an unprecedented degree of control over the polymer structure. 2. Research devoted to metallocene and other soluble transition-metal catalysis has vastly expanded and has shifted toward complexes of transition metals with multidentate ligands. 3. Recent developments in gel permeation chromatography, temperature-rising fractionation, and crystallization fractionation provided the first reliable information about differences between various active centers in transition-metal catalysts. 4. A rapid development of high-resolution 13C NMR spectroscopy resulted in greatly expanded understanding of the chemical and steric features of polyolefins and alkene copolymers. These developments require a new review of all aspects of alkene polymerization reactions with transition-metal catalysts. The first chapter in the book is an introductory text for researchers who are entering the field. It describes the basic principles of polymerization reactions with transition-metal catalysts, the types of catalysts, and commercially manufactured polyolefins. The next chapter addresses the principal issue of alkene polymerization catalysis: the existence of catalyst systems with single and multiple types of active centers. The subsequent chapters are devoted to chemistry and stereochemistry of elemental reaction steps, structures of catalyst precursors and reactions leading to the formation of active centers, kinetics of polymerization reactions, and their mechanisms.


Welcome to Home Furniture UK. For most mainland UK orders. We're rated 5/5 for service! All ready for immediate dispatch. Eton Soft Grey Large Sideboard. Width 145cm x Depth 40cm x Height 85cm. We're here to help. The Eton Soft Grey Painted Oak collection features solid oak tops and black metal handles while bringing a soft, calm mood to your home. Constructed from solid oak and real oak veneers this furniture is made to last and will only look better over time. We are a family run business and our management team have over 40 years experience in the furniture and homeware sector. We pride ourselves on bringing you the very best in Oak, Pine and Painted Furniture with an exceptional service to match. We're here to help whenever you need us. High quality products at amazing prices. All stock held and dispatched from UK. Home Furniture UK is a trading name of Home Furniture Group Ltd. We pride ourselves in bringing you the very best in Oak, Pine and Painted furniture with an exceptional service to match. Item arrived very quickly, as described and well packaged.
A+++++++, spot on, thanks, will use again. The item "Eton Soft Grey & Oak Large Sideboard / 3 Door 3 Drawer Cupboard / Cabinet" is in sale since Thursday, April 5, 2018.
This item is in the category "Home, Furniture & DIY\Furniture\Cabinets & Cupboards". The seller is "homefurnitureuk" and is located in Newcastle-upon-Tyne, Tyne and Wear. This item can be shipped to United Kingdom, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Australia, United States, Canada, Brazil, New Zealand, China, Israel, Hong Kong, Norway, Indonesia, Malaysia, Singapore, South Korea, Switzerland, Taiwan, Thailand, Chile, Bangladesh, Bermuda, Bolivia, Barbados, Brunei darussalam, Cayman islands, Ecuador, Egypt, Guernsey, Gibraltar, Guadeloupe, French guiana, Iceland, Jersey, Jordan, Cambodia, Liechtenstein, Sri lanka, Macao, Monaco, Maldives, Martinique, Nicaragua, Oman, Pakistan, Peru, Paraguay, Reunion, Saudi arabia, United arab emirates, Ukraine.


Through Feb. 26 at the Load of Fun Theatre.
For more information, visit loadoffun.net.
New York-based theater director Ira Kip, 30, has roots all over the world. She is of Caribbean descent but grew up in the Netherlands, and she and her twin sister Ayra—who divides her time between Stockholm and Amsterdam—run an international arts collective. Through the collective, the pair also runs Art Rules Aruba, a summer arts program in nine disciplines for 300 kids in Aruba. And now Ira Kip has extended her reach to Baltimore. Kip's play, She'Baltimore—her first foray into writing for the stage—is about a lesbian couple from Baltimore, caught up in domestic violence. Some of the cast are local, some from New York; some are professional actors while others have little prior theater experience. The play, which Kip also directs, has its American premiere this week at the Load of Fun Theatre. She hopes to take the production to Washington, D.C., and New York City following its run here.
City Paper recently sat down with Kip to talk about the project.
City Paper : So how did you come to write a play based in Baltimore?
Ira Kip: Five years ago, I came here and met some folks who I have built relationships with. My best friend is here. And then I started teaching [summer classes] at CCBC [the Community College of Baltimore County] at Dundalk and then I also started teaching in D.C., theater classes. And I was always very interested in the city and knew that one day I wanted to write about the city.
CP : How come? What is it about Baltimore that struck you?
IK: It gets me out of the craziness of New York, but it actually reminds me a lot of home, as well. I'm from Amsterdam. It's a lot slower, people are a lot nicer, but there's a lot going on here. It's in development on certain levels and on other levels it's still very behind. So there's a big contrast that I always found very interesting . . . . I'm here very often, every other weekend. A lot of people ask me, "Why don't you move?" or, "When are you moving?" Because I'm always here. So I also see it as my second home.
CP : And what inspired you to write this particular play?
IK: In 2006, I went to the New School for Drama, and a good friend of mine who is a director as well, we were in the class together, she's from Baltimore. And she's the one who told me about a friend of hers walking into the emergency room after she was beaten by her girlfriend, and they didn't want to help her because they couldn't tell if she was the aggressor or the victim. . . . Because with women, you can't really tell. Or people often think it's the woman who's more masculine, not the woman who's more feminine. So I was always intrigued by that story and I started writing about it. . . . And then while I was doing my research, I found out that it's actually a big issue, domestic violence in the LGBT community, but nobody really talks about it.
CP : And it premiered in Amsterdam, right?
IK: In 2009, yes. It's a totally different production. The play has grown, my thoughts about it have shifted. It's not so much about who's the aggressor or the victim now—it's more about there's a problem that we need to talk about. So I'm investigating more the love between two women but also how the outside responds to that. And then the complexity of domestic violence. What does that look like? Because this is something that happens behind closed doors, so as a director, that's an interesting device. How much do you show to your audience? Do you see women slapping each other across the room, or not? You will know when you come to the play.
CP : Do you feel like this story is particularly pertinent to Baltimore, or did you just set it here because you like the city?
IK: Mostly because of that story in 2006, and then my personal connection with Baltimore and wanting to write about the city. And also, this story reflects Baltimore, what these two women go through, almost like their love life is a reflection of the city. It's charming, it's beautiful, it's passionate, but it's also raw and it's violent and it's poor.
CP : Domestic violence is one of those things that's difficult for people to understand from the outside. Like, why don't you just leave, right?
IK: Exactly. And even when you see a friend of yours go through it, how do you as a friend approach the situation? Because you know something is going on but nobody is really talking about it, nobody really knows what to say, and nobody knows if she hit her. We all know something is off but nobody is really saying anything.
CP : Can you tell me a bit about work that you've done in the past?
IK: I've been directing for 11 years, and this play actually reflects a little bit of my first play, which was Agamemnon. Agamemnon comes back from the war and Clytemnestra is waiting there to kill him because he killed their daughter. So I posed the same question: Who do you choose when you know both are wrong, or right? And it was actually also set in a boxing ring. (I'm giving something away right now.) . . . I'm all about Greek tragedies, classical stuff. After this I'm doing The Merchant of Venice, Shakespeare.
CP : She'Baltimore seems more activist-oriented than what you've done in the past, directing Agamemnon, say. Does it have a different quality because it's pretty specific to a real-life problem?
IK: I guess it has to do with becoming older as well. When I did Agamemnon, it was really about my style as a director and finding out what kind of theater I wanted to direct. Now it's more about the questions I want to ask the audience and myself. . . . So there's definitely an activism to it, but that's also a heavy title. I'm 5-foot-1, I have size 5-and-a-half sneakers, I'm just a girl with an idea. [Activism] becomes part of it because you're touching on such an interesting and necessary subject, so yes it definitely becomes part of it. . . . And I think being an artist is partly being an activist. It's asking questions, provoking thought, taking your audience on a ride.


Nick Benwell and Tim Harris of Simmons & Simmons say the proposed corporate tax evasion facilitation offence will pose a major new financial crime risk for energy companies .
On 17 April, the government published a second consultation document on a new criminal offence that will apply to companies that fail to prevent the facilitation of tax evasion by those associated with it. The new offence is one of a number of new initiatives designed to tackle offshore tax evasion and corruption.
The new offence is modelled on the Bribery Act 2010. In line with the Bribery Act, a company will have a defence where it can show that it put in place reasonable procedures to ensure that its associated persons did not facilitate tax evasion. The Treasury will publish guidance, with case studies, to assist companies in their interpretation of the offence and to consider what procedures they should have in place to prevent offending activity.
As with the Bribery Act, an associated person is someone who performs services on behalf of the company. This could include a consultant, agent, subsidiary or joint venture partner. HMRC will not need to show that the company benefited from the services provided by the associated person, although any benefit to the company will be evidentially significant.
The legislation intends to create two new offences depending on where the tax has been evaded. The first will criminalise corporates that fail to prevent the facilitation of evasion of UK taxes (the UK offence). The second will criminalise those companies that fail to prevent the facilitation of evasion of non-UK taxes (the overseas offence).
The UK offence can be committed by any company or partnership wherever incorporated. The overseas offence can only be committed by companies that are incorporated in the UK or carry on a business from an establishment in the UK. Whether a foreign parent company can commit the offence will depend on whether it could be said to be carrying on a business from the UK.
For the overseas offence, HMRC will need to show both that the conduct would constitute an offence in the relevant jurisdiction and that the conduct would amount to a fraudulent tax evasion facilitation offence in the UK, ie HMRC must be able to prove that the evader acted dishonestly and that the facilitator had knowledge of the dishonest conduct.
Energy companies could be caught by this offence through their relationships with third-party consultants. A diverse number of entities perform services for energy companies, for instance when entering new markets. It is not uncommon for a consultant that has carried out the work in one country to request that their fee be transferred to an offshore jurisdiction or be split into separate payments. Arrangements such as these, facilitated by employees of the company, and which allow tax to be evaded in the country in which the individual is either domiciled for tax purposes or where the services were incurred, may give rise to the new offence (as well as giving rise to risk under the Bribery Act).
Companies will be well advised to ensure the structuring of any payment is carefully considered so they can be sure that tax is not being evaded. The offence will cover the evasion of all taxes wherever due and include customs duties or sales tax. An arrangement that facilitates the evasion of customs duty by a midstream services company will potentially fall foul of this offence.
Extending the offence to overseas tax evasion will add significant complexity and cost to companies.
To be able to avail itself of the reasonable procedures defence, a company must have 'such prevention procedures as it was reasonable in all the circumstances to expect the company to have in place'. For companies that do not typically deal in structures which give rise to tax evasion issues, there is a further defence where 'in all the circumstances it was not reasonable to expect the company to have any prevention procedures in place'.
The proposed guidance follows the six principles referred to in the Bribery Act guidance: proportionality of reasonable procedures; top-level commitment; risk assessment; due diligence; communication (including training); and monitoring and review. One of the most important of these principles is the risk assessment. Once completed, the company will be able to take a proportionate view on what other procedures it needs to put in place and which parts of the business it needs to pay closer attention to.
Deferred prosecution agreements (DPAs) will in principle be available to companies where HMRC decides it is not in the public interest to prosecute. In order to be considered for a DPA, the company must co-operate with HMRC's investigation and this is likely to include timely self-reporting of relevant criminal conduct.
The extension of the offence to overseas tax evasion will undoubtedly add significant complexity and cost both to companies seeking to comply with the legislation and to HMRC seeking to prosecute the offence.
Companies should work on the basis that the law will be in force by April 2017. While the offence will only apply to conduct that post-dates the legislation coming into force, recently we have seen increased prosecutions of individuals and companies under the pre-Bribery Act laws. This suggests risk assessments and monitoring brought in as a result of the Bribery Act have led to legacy issues being discovered and reported. In addition, pre-offence arrangements that facilitate tax evasion and which continue after the offence comes into force will be caught by the legislation.
It will be important for companies to begin to understand how the offence will affect them and carry out a review of their third-party relationships, as well as other areas of tax evasion risk, well in advance of the offence coming into force.
Nick Benwell is head of the crime, fraud and investigations group and Tim Harris is a supervising associate at Simmons & Simmons.


text:
Q: How to edit global file installation I just ran this line of code
npm install -g csslint

CSSlint seems great but I want to add the ability to prettify my css by putting in custom code. The goal is to have a command line interface where I can format my css before pushing the code to the server.
"-g" stand for installing globally correct?
Where does this library get installed to and how do I access it? I thought it would be in my user/local/bin but I couldn't find it.
Thanks!

A: use npm root -g to see where modules get installed. If you want to use it in your code using require() then install it locally i.e. without using -g option. More details here https://npmjs.org/doc/faq.html

A: I believe it's going to depend on your npm settings, but my global npm binaries are in /usr/local/share/npm/bin


In a nod to geospatial data's growing importance, SAP announced a new partnership intended to give users new decision-making tools.
Analyst Jon Reed gives his take on SAP Fiori, a collection of apps intended to cover a wide range of business processes as simply and efficiently as possible.
At least one NFL team is looking to improve its draft-day decisions with new SAP analytics software.
SAP is making progress on its plans to integrate its Sybase and HANA database platforms into one product, according to one company executive.
The advent of "big data" and SAP HANA means that encryption will become increasingly important, according to one company.
Kishore Kumar, a senior solution architect at a major consumer electronics company, explains why his company is interested in deploying SAP HANA.
SAP announces it is integrating Hadoop with a growing number of SAP analytics and database applications, including SAP HANA, its in-memory database platform.
SAP has made progress in reaching out to developers, but it still has a ways to go, said consultant Ethan Jewett at the recent SAP TechEd.
From the SAP HANA Cloud to the Amazon cloud, independent SAP analyst Jon Reed breaks down all the major news coming out of SAP TechEd 2012.
SAP's Vishal Sikka yesterday announced a new program designed to let companies test and run HANA applications in the Amazon cloud.


text:
CW Stars Jordan Elsass & Tyler Blackburn Take Mental Health Breaks from Shows
CW Stars
Elsass & Blackburn Take Breaks …
Over Mental Health
8/23/2022 7: 25 AM PT
The CW has had some of its big stars hit the pause button over mental health — just the latest examples of what's becoming a big thing in Hollywood.
Jordan Elsass posted a video this week addressing his recent departure from 'Superman & Lois' ahead of its third season … he plays a major character in the series, Jonathan Kent. Jordan says, it all had to do with mental health.
In his clip, posted to Cameo, JE explains he's been going through it, and had to step away from his on-camera job. He says he's needed some time to himself, and expresses solidarity for anyone looking to do the same … including the guy to whom he's sending the message.
It's pretty interesting … Elsass says he may never act again if it means he'll be happy.
Alex is alive! Thank you to my knight in shining armor @MichaelVlamis and the incomparable @heatherhemmens for her insane creativity, professionalism and patience. Also, thank you to the @RoswellNMRoom and the entire crew of @CWRoswellNM for helping me this season…
— Tyler Blackburn (@tylerjblackburn) August 23, 2022
@tylerjblackburn
Actor Tyler Blackburn — who's on the CW show 'Roswell, New Mexico' — has been experiencing something similar … which has resulted in him being absent through much of Season 4 thus far, only to have him reappear on Monday night's new episode.
It was a pretty big deal, seeing how TB hadn't been featured since June — he's only appeared in two episodes this season … the premiere and one other.
…I was dealing with intense health issues that lead to, at times, intense mental health issues during seasons 3 & 4. I had to step down from filming season 4 and every single person in the cast and crew, as well as everyone at @warnerbros and @TheCW showed so much compassion.
He took to Twitter to explain his absence … "Alex is alive! Thank you to my knight in shining armor @MichaelVlamis and the incomparable @heatherhemmens for her insane creativity, professionalism and patience. Also, thank you to the @RoswellNMRoom and the entire crew of @CWRoswellNM for helping me this season."
Blackburn adds, "I was dealing with intense health issues that lead to, at times, intense mental health issues during seasons 3 & 4. I had to step down from filming season 4 and every single person in the cast and crew, as well as everyone at @warnerbros and @TheCW showed so much compassion."
Seems he's back now, and ready to roll again. But, yes, he too was on a break for a while … just like Elsass is doing now.
We've seen a lot of this recently — not just in TV/film, but in music as well. Athletes have also embraced being open with their struggles … notably, Naomi Osaka and Simone Biles.


Published 04/26/2019 03:43:21 am at 04/26/2019 03:43:21 am in Carpet Cleaning Shampoo Reviews.
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