Release of petroLook Version 3

Web reporting system provides a common interface to multiple systems and removes the barriers that impede access, sharing, analysis and reporting of data.

San Antonio, Texas - September 30, 2002 — aclaro softworks, inc. (aclaro), today announced the release of Version 3 of petroLook*, the oil and gas industry’s leading web-based reporting and data analysis system. This latest release of the software, developed using Microsoft’s .NET®† architecture, features several important enhancements making it even easier for users to access, analyze, and report the data that they need to make decisions.

“We are very excited about this release of petroLook, which represents a significant milestone for both aclaro and petroLook,” said Christoph Faig, President of aclaro, “We can now easily provide petroLook’s rich reporting and analysis to other applications, or to other interfaces. For a manager who likes to see the same report every morning, we can now drop an icon on his desktop which allows him to generate that report without learning the source systems, or even petroLook for that matter.”

“PetroLook’s business layers are a key feature of the system, and co-incidental with this petroLook release is the release of our reserves reconciliation layer. PetroLook users can now use the system to roll-up, reconcile, and report their reserves,” continues Christoph, “Our comprehensive suite of reports includes the EIA-23 reports and a direct to RIGS export. The key differentiator for this system is that it doesn’t tie the client to a particular economic calculator. We have clients that use SIS Peep®‡ in Canada, Landmark ARIES®†† in the United States, and MS Excel®† to model their international properties. PetroLook can roll-up the data from all three systems seamlessly, reconcile the reserves, and report that data directly to the government - replacing weeks of manual effort.”

PetroLook’s new architecture allows the system to provide its analysis and reporting as a web service. This open access allows petroLook to provide reporting to other applications, to intranet portals, or in response to e-mail requests for reports.

The implementation of petroLook’s security model has been completed for Version 3. PetroLook’s role-based security model provides three levels of access for the system. The security Administrator can control access to the system, to data types, or to specific data items.

About aclaro:
Aclaro provides web-based business intelligence, data integration, conversion and reporting solutions for the oil and gas industry. Aclaro’s founders are former oil and gas professionals and are specialists in data analysis and reporting. Their innovative applications and customer focus have established aclaro as a leader in Internet solutions for the oil and gas industry. Aclaro has offices in Calgary, Alberta and Houston, Texas.

* petroLook is a mark of aclaro softworks, inc.
† Excel and .NET are registered trademarks of Microsoft Corporation
‡ Peep is a registered trademark of Schlumberger
†† ARIES is a registered trademark of Landmark Graphics Corporation