Budgeting, capital allocation and planning

World Oil, Sept, 2005

Aclaro softworks

11000 Richmond, Suite 610 Houston, TX 77042

Phone: 713-781-2000

Fax: 713-781-2049

Toll Free: 877-222-5276

Canada

Phone: 1-403-299-6612

Fax: 1-403-247-8797

E-mail: info@aclaro.com

http://www.aclaro.com

Company Bio:

Aclaro softworks is a software development company that creates enterprise business solutions for the oil and gas industry. PetroLook[TM], aclaro's web-based flagship product, provides the central framework for aclaro's suite of business solutions. This framework provides common data navigation, data integration, business intelligence, information analysis, as well as charting and reporting. Aclaro provides reserves, capital allocation, performance monitoring, budgeting, and financial reporting solutions as components of the petroLook system. Aclaro has offices in Houston and Calgary, and has over 50 oil and gas clients in the United States, Canada, Europe, and Africa, ranging in size from small independent to super-major.

Products:

Aclaro's petroLook application provides a platform to create, manage, update, share, analyze, and report corporate operational budgets and/ or strategic plans. Data for the base production and costs and/or data for capital projects can be entered directly into the petroLook Budget and Plan modules and combined with data from other systems to create the company budget and plans. Functionality in those modules allows users to analyze the data, explore alternative scenarios, and (with external components) optimize the portfolio of opportunities. The system then combines this data with actual data from the accounting system to allow the user to monitor performance, and to reforecast where necessary. All of this functionality leverages the base petroLook features to provide comprehensive analysis and extensive reporting and charting of your budget and plan data.

www.hpinfo.ims.ca/5350-402

Schlumberger Information Solutions

5599 San Felipe, Suite 1700 Houston, TX. 77056. USA

Phone: 713-513-2000

E-mail: sisinfo@slb.com

http://www.oilfield.slb.com/sis

Company Bio:

Schlumberger Information Solutions offers a unique combination of E&P domain technology, IT services and consulting experience, ienabling oil and gas companies to discover better growth opportunities, drill better wells and improve production at lower cost.

Products:

Industry leading software and services that combine the technical skills of petroleum engineers with the foresight of economists to empower you to make better business decisions.

www.hpinfo.ims.ca/5350-432