Allegro Wins Energy Software Contract For Noble Energy Inc

Business Wire, Oct 3, 2006

DALLAS -- Allegro Development today announced it has been selected by Noble Energy Inc. to supply its industry-leading Allegro v.7 software in support of Noble Energy's marketing operations for gas and crude oil, and risk management initiatives. Noble Energy is one of the nation's leading independent energy companies and operates throughout major basins in the United States including Colorado's Wattenberg Field, the Mid-continent region of western Oklahoma and the Texas Panhandle, the San Juan Basin in New Mexico, the Gulf Coast and the Gulf of Mexico. In addition, Noble Energy operates internationally in Argentina, China, Ecuador, the Mediterranean Sea, the North Sea, West Africa and Suriname. Noble Energy markets natural gas and crude oil through its subsidiary, Noble Energy Marketing, Inc.

The selection of Allegro's multi-commodity software was the culmination of a comprehensive evaluation of more than ten vendor solutions, conducted over eight months. The evaluation process also included a full pilot program prior to the final selection of Allegro.

The requirements for an advanced energy trading, transaction and risk management system focused on enhancing the company's crude oil marketing processes. As a result, the solution selected needed to provide extensive functionality to support business processes across workgroups as well as the ability to easily integrate with existing computing infrastructure and applications environment.

"Allegro's utilization of the latest technologies such as a service-oriented architecture and Web services result in a system that provides highly integrated front-to-back office application functionality and the flexibility to adapt to future changes," stated Fasih Hussain, vice president of business development, Allegro. "These capabilities were instrumental in winning this contract."

Allegro's modular application software components can stand alone or be part of a broader Allegro solution in any combination, seamlessly integrating with front, middle and back office processes. As a result, Allegro v.7 is highly configurable and extensible, providing far-reaching communication and collaboration capabilities at any level within an organization to meet specific objectives.

About Allegro

Allegro designs and delivers energy trading, transport and risk management software that gives traders, risk managers, and other decision-makers fully scalable, flexible solutions that are easy to integrate, deploy and modifyCoenabling companies throughout the energy industry to gain compelling advantages while keeping pace with volatile markets and emerging strategies. Allegro advantages include more accurate understandings of market dynamics and risk, unprecedented efficiencies and collaboration among teams across the enterprise, full integration of physical product management and financial transactions, and more. Now in its seventh major generation over 20 years, leading energy companies worldwide rely on Allegro.

For more information, visit www.allegrodev.com.