Entero® Mosaic™: First to Release Alberta Modernized Royalty Framework Calculations

Entero delivers Mosaic v2016 with fully-integrated Alberta MRF calculations on April 28^th.

CALGARY, Alberta, April 26, 2016 – Entero Corporation is pleased to release MOSAIC v2016 on Thursday, April 28^th to provide customers the ability to fully evaluate the changes presented in Alberta’s Modernized Royalty Framework (MRF). The regime described in the framework is available at the Alberta Department of Energy (ADOE) website.

In addition to over 100 improvements included in the v2016.0 release, the MRF implementation includes:

• Integration of the new MRF C* Drilling and Completion Cost Allowance calculations;
• Full calculation sets for Pre-C*, Post-C*, and Post-C* Mature phases;
• The ability to easily alter any of the parameters related to the calculations to test scenarios; and,
• Quickly determine the impact of MRF changes by clear comparison with the legacy NRF regime.

“We take our responsibility to our clients, both existing and potential, very seriously and place the highest priority on our ability to adapt to changes in their business. Our immediate release of MOSAIC to accommodate the MRF fiscal regime change is an example of that responsibility,” said Todd Kuipers, MOSAIC Product Director. “The depth of the MOSAIC team’s experience in economic modeling, key input of customers and other industry experts, and the flexible architecture of our software were crucial in the rapid development of this release for our clients. As the ADOE publishes updates and clarifications, we’re committed to rapidly deliver changes to our users.”

Entero’s heritage of first-to-market, fully-integrated software updates for new royalty calculations, project economics, reserves analysis, budgeting, capital planning, and A&D workflows continues with this release.

To assess the impacts to your assets today, Entero is offering a no-charge, fully functional evaluation copy of MOSAIC to new clients for a limited time. Contact us to learn more.

For more information on this latest version, please contact our support team at mosaic-support@entero.com.

About Entero Corporation

Over 150 clients rely on Entero to provide clarity and efficiency in their critical business functions, including 7 of the top 20 Canadian producers. MOSAIC is the energy industry’s most complete petroleum economic, decline analysis, and reserves management solution. It is used by experts in engineering, reserves, budgeting, capital planning, and A&D groups to evaluate both large corporate portfolios and individual reserve assets. Learn more today.

For press inquires contact:

Tammy Cho

Director of Marketing

Tammy.cho@entero.com