Entero Corporation

Entero Corporation

April 08, 2009 11:00 ET

Entero® MOSAIC™ First to Release 2009 Alberta Royalty Incentive Changes

Updated software includes new Royalty Reduction, Drilling Royalty Credit, and Production Incentive calculations

CALGARY, ALBERTA--(Marketwire - April 8, 2009) - Entero MOSAIC software users can now calculate the impact of the Alberta Government's March/April 2009 royalty changes. Today, Entero released a much-anticipated new version of their MOSAIC application (v.2.7.3) which integrates all of the published regime changes (including the most recent April production incentive change).

Entero MOSAIC software updates also include the ability to run the New Royalty Reduction with other incentives (an unusual circumstance), and a powerful calculator function to optimize recovery of the new Drilling Royalty Credit.

Although these royalty modifications were complex, Entero MOSAIC's flexible architecture (both application and data) allowed them to integrate these changes quickly and accurately. "The depth of the MOSAIC team's experience in economic modeling, along with the adaptable structure of our software's economic engine and input interface, were key to the rapid turnaround of this update for our clients," explained Mike Lake, Executive VP, Entero MOSAIC.

Once again, Entero leads the industry with a first-to-market, fully-integrated software update for new royalty calculations. Entero clients will not need to depend on work-arounds, or experience the significant update delays of some other, less flexible applications.

About Entero Corporation

One third of Canada's Top 100 oil and gas companies, many leading petroleum consulting firms, and a range of international companies have already chosen Entero business software solutions. Founded in 1994, and privately-held, Entero delivers clarity and efficiency to the energy industry's critical business functions through the EnteroOne™ platform and Entero MOSAIC evaluations software. Entero applies inventive thinking and unwavering integrity in everything they do.

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