The Oxford Princeton Programme

If you are having difficulty viewing this email, visit http://www.oxfordprinceton.com/newsletter/October_07.html

More Than Ever
Train Without Travel
Special Canadian Edition Just Added
We're Headed to Las Vegas, NV
The Oxford Experience
Spotlight Series: Nigel Harris
Last Call: Oxford Courses in 2007
Global Course Offerings
From the Editor
Relax for Rewards

We, here, at The Oxford Princeton Programme, are well on our way to training more energy professionals in a single year than ever before. No small feat for a company that has steadily stayed on a trajectory of growth. We are proud of our wide array of course offerings, the deep talent that spans across the subject streams we specialise in, not to mention the flexibility in meeting customer requirements.

But as the saying goes, there is no resting on our laurels. Not only do we continue to add courses into 2007 based on client demand (Oil Trading Orientation in Singapore and North American Transportation and Storage in Calgary, both in December, come to mind), but we are also announcing our full 2008 schedule which is now available on our website.

Take a peek at the new titles as well as locations worldwide. Get a head start on your training plans and book today while both seats and the best promotional offers are available.

If you would like to receive our 2008 course booklets, please click here.

More than ever, we are committed to be your primary source for education and training solutions.

Best Regards,
Jobert E. Abueva
Global Marketing Director
jabueva@oxfordprinceton.com

A few open seats remain in the following Oxford courses. Sign-up today.

International Oil Trading and Pricing
8-12 October 2007

The Economics of Downstream Logistics and Distribution
15-18 October 2007

Tanker Ownership and Chartering - Advanced Strategies and Risk Management
22-24 October 2007

Understanding the International Petrochemicals Business - Technology, Markets and Economics
29-31 October 2007

International Oil Supply, Transportation, Refining and Trading
5-9 November 2007

Aviation Fuels: Supply, Economics and Trading
7-9 November 2007

Understanding the Global Lubricants Business - Regional Markets, Economic Issues and Profitability
12-16 November 2007

The Use of Advanced Instruments in International Oil Price Risk Management
12-16 November 2007

The Aromatics Business - Markets and Economics
19-21 November 2007

Lubricants Refining and Manufacturing
19-23 November 2007

Our web-based courses are designed for professionals, regardless of expertise or experience, seeking the flexibility of time (24/7) and location (worldwide Internet access) as they build knowledge and create an energy edge in the marketplace.

The Oxford Princeton Programme has created "road maps" for those who seek expert status in a specified field. These competency paths offer a series of courses that can be taken over a flexible time horizon. They apply to all professionals (entry-level, middle manager, senior management) as one can enter anywhere on the path as is suitable with his or her individual level of skill and experience.

Choose as many courses as you would like. Once purchased, they are easily accessible anywhere in the world.

To enter web-based training, please click here.

Stronger than anticipated interest in our new course, North American Natural Gas Transportation and Storage (NGTS), has led us at The Oxford Princeton Programme to add a second Canadian session in 2007 to be held on Wednesday, December 5th in downtown Calgary . This course follows a one-day Fundamentals of Basis Trading (BT) course to take place on Tuesday, December 4th.

Early registration is encouraged as this course is expected to fill up fast. For complete outline and registration details, click here.

Mention the code NL1007 when registering 60 calendar days or more prior to the course date and receive 10% off the course fee. After the 60 days, mention the code and you'll receive 5% off the course fee (cannot be combined with any other discount from The Oxford Princeton Programme).

The Oxford Princeton Programme is pleased to offer its highly-acclaimed Oil Trading Orientation course to be held 4-6 December 2007 in Singapore.

This three-day workshop familiarises delegates with the key building blocks of knowledge for crude oil and petroleum product trading. Topics explored include crude oil quality, product blending and specifications, market fundamentals, technical analysis, key trading strategies, pricing mechanisms and the mechanics of trading and operations. Delegates will learn trading terminology, as well as get the chance to participate in industry case studies and trading simulations.

Seats are expected to fill up so early registration is encouraged.

For a complete course outline please click here.

We'll be in Las Vegas, NV for two great reasons this fall. They may be for you as well:

The Oxford Princeton Programme is pleased to be an exhibiting sponsor at OPIS 9th Annual National Supply Summit to be held at The Ritz-Carlton Lake Las Vegas Hotel in Henderson, NV on October 28-30, 2007. Mr. Christopher Maxwell, Sales Manager - North America, and Jobert Abueva, Global Marketing Director, will be on hand to discuss the various supply and trading training solutions available for the remainder of 2007 and into 2008.

If you would like to pre-schedule a meeting with Mr. Maxwell and Mr. Abueva, please click here.

For more information on the summit, please click here.

Our most popular trading and hedging course strip is coming to the Strip this November. Click on any of the courses below for more details and to register.

Fundamentals of Energy Futures
6 November 2007

Options I - Fundamentals of Energy Options
7 November 2007

Energy Risk Management
8 - 9 November 2007

One of the biggest challenges busy professionals face with training is time away from the office. While our instructor-led courses are indeed selling-out, we'd like to remind you that there are always alternatives until you are able to schedule a live course.

For groups from the same firm, we can bring the course right to you by creating an on-site. Perhaps, web-based training may be the perfect fit for your organization as well.

This month's triva challenge was inspired by our most popular web-based course. Take a look at the entire course roster and try one out for yourself.

Congratulations to last month's winner Gemma Welden (London, UK). Enjoy your free web-based course!

Liz Esten
Editor
lesten@oxfordprinceton.com

All of our Oxford courses offer an accommodation package. By signing up, you are guaranteed a room at the course venue or a nearby hotel. The package includes all meals highlighted by a group dinner one night in historic Oxford. A perfect opportunity to network in a relaxed setting. Walking tours are also provided weather permitting.

For more information regarding the full Oxford experience, see the FAQs section of our website.

Take a moment out of your hectic workday to challenge your knowledge of the trading industry. This month's challenge game features factoids from our bestselling introductory web-based course:
A Guided Tour of Commodity Derivatives.

Click here to submit your answers. Every correct entry submitted by Wednesday, October 31st automatically wins our famous Energy Bouncy Ball (one per person). One lucky individual will be chosen to win our Grand Prize: a FREE web-based training course ($175 value). Good luck!

The answers to the questions below are taken from A Guided Tour of Commodity Derivatives. For more information on any of our web-based offerings, please click here.

1.Both parties involved in a physical transaction need to agree on a:
A.Swap
B.Call
C.Price
D.Put

2.How you specify the actual commodity is known as:
A.Commodity delivery
B.Commodity quantity
C.Commodity quality
D.Payment terms

3.Exchanged-traded derivatives tend to be highly standardized, while over-the-counter derivatives tend to be customized.
A.True
B.False

4.Anything a market can place a value on and can be traded is a:
A.Possession
B.Derivative
C.Valuable
D.Commodity

5.Which of the following is NOT a characteristic of a physical transaction?
A.Payment terms
B.Commodity price
C.Value
D.Commodity quantity

6.Over-the-counter derivatives have which of the following characteristics:
A.Customized
B.Generally unregulated
C.Prices are not transparent
D.There is counter-party risk
E.All of the above

7.Derivatives can be broadly broken down into which two categories?
A.Liquid and transparent
B.Exchange-traded and over-the counter
C.Underlying and risky
D.Financial instrument and synthetics

Our Spotlight Series is an opportunity to hear firsthand from our global team. This month we feature Course Director Nigel Harris, Principal at Kingston Energy Consulting, who leads several of our trading and risk management courses.

What can delegates look forward to in your courses?

It all depends on the nature of the course. In the introductory trading courses "Fundamentals of Energy Futures" and "Fundamentals of Energy Options " and the three-day "Overview of Oil Trading" course that I run jointly with Mary Jackson, delegates can look forward to an action-packed day. They will be spending a lot of the time actually trading, in a simulated market, hoping that they can, as part of a small team, apply the knowledge and skills they have learned to make more money than any other team. Shouting and arm-waving is usually part of the fun.

In the European natural gas workshops that I run as both public courses and on-site custom seminars, there are also opportunities to try out trading and to get hands-on with other practical problems, but there is a lot more detailed information about the markets and how they work.

We work hard to keep these courses bang up-to-date in this fast-changing field. So delegates can look forward to a thorough briefing that will give them all the key background info and all the latest developments. Finally, in the one-day courses that I run on more specific topics, like options strategy, exotic options and Value at Risk, delegates should expect to be slightly stretched by the intermediate level material. While we stay away from complex financial mathematics, we pull no punches in ensuring that everyone understands the key concepts behind the math. The class sizes for these courses tend to be smaller, and I am always keen to focus on the topics and issues that are of most relevance and interest to the delegates on the day.

How do you like to present your subject matter?

People who come on my classes are there because they want to learn about the subject. So, that's what we spend the day doing together. I've never aimed for a particular style. I like to think that I have sufficient interest in the subjects that I'm presenting, that my enthusiasm communicates itself to the class. I guess I'm naturally a fairly serious sort of a person, and my presentation isn't going to be packed with one-liners and anecdotes. But it's not entirely dry either. If someone's come along to a one-day course on Value-at-Risk or Exotic Options with the idea that they're just going to sit back and be entertained, then they've made a slightly odd choice, but it won't be a boring day for them, and they'll probably end up working harder and learning far more than they bargained for!

What are your career/professional highlights?

There have been few major summits, but lots of small rewards. When a consulting client tells me that my report is the best he's seen, or when a delegate writes on their feedback form that the course exceeded all their expectations, that's a highlight that's worth having.

What are some of the greatest challenges facing the energy sector?

Where to start?! Oil and gas are finite resources, and many of the reserves are in exactly the places where you'd least want them to be. And we're starting to run out, at least of the easy and cheap resources. At the same time, demand for energy of all forms is growing, apparently unstoppably. And the more fossil fuels we burn, the hotter the planet gets, and nobody seems to have found a lasting solution for this (or certainly not the political will to make it stick). Europe is engaged in a massive political struggle to figure out how to run its internal energy markets, but at the same time Europe needs to step up and compete with the rest of the world for limited resources. Market risk and price volatility seem to increase with every passing year. Can you think of an industry with greater challenges than all this?

How do you like to spend your free time?

On a mountain.

Nigel's forthcoming courses includes:

Oil Trading Orientation
22 - 24 Oct 2007
Calgary, AB

Overview of the European Natural Gas Industry
5 Nov 2007
London, UK

Exploring European Natural Gas Markets
6 - 7 Nov 2007
London, UK

Oil Trading Orientation
4-6 Dec 2007
Singapore

Oil Trading Orientation
26-28 Feb 2008
Houston

Any questions for Mr.Harris, click here.


		2008 Course Highlights
			New Titles New Subjects New Locations
		Can't wait? World-class, world-wise learning in 2008 is just a click away.

UNSUBSCRIBE: If you would rather not receive email updates in the future, please email us at: unsubscribe@oxfordprinceton.com

DISCLAIMER: You are receiving this email as a past delegate or contact of The Oxford Princeton Programme. DO NOT REPLY TO THIS EMAIL. This email account is not actively monitored. For information regarding our courses, please email info@oxfordprinceton.com.

The Oxford Princeton Programme, Inc. is not affiliated with Princeton University, Oxford University, or Oxford University Press.

www.oxfordprinceton.com

US: +1 609 520 9099 l UK: +44 1865 250521 l Singapore: +65 6415 3111
info@oxfordprinceton.com