New Alberta Royalty Frameworks' Impact Calculated in Entero's evMOSAIC

One week after Stelmach announcement, Entero clients begin implementing evMOSAIC updated royalty models

Calgary, Alberta (November 5, 2007) - Entero’s evMOSAIC software clients have already begun calculating the impact (in both reserves and budgeting teams) of the recently-released New Alberta Royalty Framework.

With Financial Analysts publishing estimated impacts on NAVs, clients are motivated to accurately model and communicate the effects of this new regime to their shareholders.

“While all of the details of Alberta’s New Royalty Framework have yet to be finalized, we made these preliminary interpretations available to our clients so they can get a better handle on the impact of the new royalty formulas,” explained Entero Executive Vice-President Michael Lake. “The Entero team worked with industry analysts, government agencies and a variety of clients to clarify the details and build an accurate interpretation of the changes.”

Since the framework was announced October 25, 2007 several updates have been published by Alberta Energy. Any future changes provided by Alberta Energy can be quickly built into the evMOSAIC models and promptly rolled out to clients.

Oil and gas producers, energy trusts, and petroleum consulting firms can generate accurate and detailed company, property or well level Net Volume and NPV impact analyses of the changes − for conventional oil, gas, ethane, NGLs and oil sands − using the unique evMOSAIC well comparison report.

For more information please call 538-5900.

evMOSAIC is the most comprehensive Canadian evaluations, reserves, budgeting and performance management solution available. The application is used by major E&P companies and five of Canada’s leading petroleum consulting firms.

Entero provides comprehensive business software that delivers clarity and efficiency to the energy industry.  We apply inventive thinking and unwavering integrity in everything we do.

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