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P2 Energy Solutions Announces the Release of Enterprise Land(TM) 2.5

July 8, 2008

P2 Energy Solutions, the industry’s leading provider of oil and gas software, is pleased to announce the release of Enterprise Land(TM) 2.5. Using the industry leading Tobin LandSuite of software as the basis for the new product, Enterprise Land redefines the way companies utilize software to manage their land assets.

Enterprise Land is the upstream industry’s first application built for the enterprise based solely on a Service Oriented Architecture (SOA). The modules that make up Enterprise Land are component-based and loosely coupled, which means customers gain tremendous flexibility in functionality configuration, deployment, access and integration with other applications. Additionally, users are able to call up pieces of functionality as a Web service. The solution offers user-level customization capabilities related to forms, fields, processes and validations as well as integrated workflow and alert capabilities, all while maintaining detailed audit trails. Enterprise Land enables companies to radically rethink how they capture, manage and distribute land asset information throughout their organization.

As the energy industry’s leading provider of turn-key solutions, P2 Energy Solutions is constantly researching ways in which to improve integration for clients that operate on more than one of their product lines. Enterprise Land 2.5 now provides:

— Complete integration with the Enterprise Upstream software suite. Unlike the adaptors used to interface with third-party systems, Enterprise Land and Enterprise Upstream share common tables and data schemas

— Tighter integration with Tobin GIS Studio (TGS) allowing legal descriptions from Enterprise Land to be mapped in TGS

— Adaptors that permit interface with Excalibur’s Accounts Payable (AP), Accounts Receivable (AR), names and addresses, Business Associate (BA), and Well Info modules as part of an off-the-shelf solution

— Lease Acquisition phase 1 is a new module released in the 2.5 version and acts as a broker management system. Providing the ability to manage field agents or brokers, a company can supervise the status, location and associated costs of their acquired leases. This facility reduces redundant data capture processes and allows more focus on managing the data as opposed to capturing it.

Supported system adaptors or connectors to SAP were provided in Enterprise Land 2.0. Enterprise Land 2.5 now tightly integrates with SAP’s latest NetWeaver platform. With many P2 Energy Solutions’ clients already using a combination of SAP and Enterprise Land products this facility allows for a quicker and more economical relationship to be established.

Previous versions of Enterprise Land also gave customers the ability to connect with third-party content and document management systems. Enterprise Land 2.5 has since expanded with an imaging gateway configured to FileNet Adaptor. For FileNet users this development assures a streamlined data conversion which validates and loads data into the correct location. As an off-the-shelf solution, it also radically reduces the time and cost usually associated with combining Enterprise Land and the document viewing system.

Mark Eikermann, senior vice president of development, P2 Energy Solutions, comments, “Enterprise Land 2.5 is indicative of P2 Energy Solutions long-term commitment to research and development on behalf of the energy sector. The release of Enterprise Land 2.5 allows a growing number of users to combine their existing systems and data and at the same time harness the flexibility and potency of the Service Oriented Architecture.”

Tarig Anani, president, P2 Energy Solutions, adds, “Previous versions of Enterprise Land had already permitted energy companies unparalleled access to the robustness of SOA. Version 2.5 takes this relationship to a new level by providing system adaptors and connectors which permit seamless connectivity with a growing number of partner platforms, including SAP and Oracle. Thanks to the ease, speed and economy brought about by the development of Enterprise Land 2.5, SOA technology is now within reach of an unprecedented number of independent oil and gas companies, irrespective of their size.”

About P2 Energy Solutions Inc.

P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. P2 Energy Solutions is the oil and gas industry’s most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream, Excalibur, Qbyte, Enterprise Land, Tobin GIS Studio and Tobin SuperBase. With solutions deployed at more than 550 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls. The company has an 80-year history of serving the oil and gas industry and understands its workflow processes. P2 Energy Solutions has the breadth and depth of expertise to meet the expanding financial, operational and data management needs of energy companies from private independents to supermajors. For more information, visit P2 Energy Solutions at: www.p2es.com.




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