Oil and Gas Investors

Calgary, Alberta — September 12, 2005

Investors from more than 7 countries gathered for the official launch of a world-class software and services organization created to develop a transformational software platform for the E&P Industry.

Aucerna held an investors session where Wayne Sim, Aucerna CEO, announced: “We have a unique opportunity to help the Petroleum Exploration and Production Industry achieve improved profitability, reserve additions and production uplift by reducing their overall cycle time from initial opportunity assessment through to tie in by developing a heterogeneous (best of breed) lifecycle platform. Our management and staff have a wealth of experience in commercial software development and E&P domain knowledge and we are very enthusiastic and excited to bring a new approach to address the E&P industry challenges.”

Salvador Clavé, Aucerna COO commented: “Efficiency in the E&P industry can be significantly increased by introducing near real-time applications for Portfolio Management, Physical Execution, Capital Management, and Forecast, etc. Aucerna is mandated to help the industry achieve those benefits by delivering an E&P workflow web-based enterprise system.”

Aucerna solutions will help E&P companies to:

  • Scale up from managing 10’s of wells to managing 1000’s of wells;
  • Increase capital efficiency by re-optimizing opportunities inventory and by utilizing proven supply chain techniques, and
  • Better leverage skillful staff by supporting and automating business processes and look- back capabilities.

About Aucerna

Aucerna is an international E&P software and services company with headquarters in Calgary, Alberta, Canada. For more information, please visit www.aucerna.com

Contact

info@Aucerna.com