Allegro Announces Two Newly Enhanced Components for Upstream Producers and First Purchasers of Oil and Gas

Streamlined Data Management Solution Enables Optimal Decision Making and Proper
Visibility Throughout the Enterprise
DALLAS--(Business Wire)--
Allegro, the leading provider of energy trading and risk management (ETRM)
solutions, today announced the release of two newly enhanced components,
Property 8.1 and Equity Production 8.1, as part of its award-winning Allegro 8
platform. This new functionality provides companies who market oil, gas and NGLs
a streamlined data management solution enabling optimal decision making and
proper visibility into all related activities across the enterprise.

Exploration and Production companies and first purchasers are facing numerous
challenges when participating in today`s complex and ever-changing upstream
energy industry. Issues, such as property ownership changing hands, fluctuating
demand-based well production adjustments, and volatile commodity prices, are
driving the need for a real-time solution that automates the many business
processes necessary to successfully market oil and gas.

Allegro`s new Property 8.1 component provides simplified processes for managing
property data, division orders, interest owners, marketing arrangements and
production forecasts for upstream producers and first purchasers of oil, gas and
NGLs. Enhancements include:

* New production forecast management process based upon best available data,
including mid-month production forecasts
* New conveyance functionality for immediate accountability for changes in
property ownership, working interest owners going non-consent and interest owner
imbalances
* New gathering graphical display to easily view natural gas positions streaming
from Custody Transfer Point (CTP) to downstream first point of sale

Building upon its solid foundation, Allegro`s new Equity Production 8.1 helps
streamline the marketing of oil and gas production, including automating
balancing, measurement, nominations, variance analysis and actualization and
allocation back to working interest owners. Among the many features:

* Automated data capture and streaming functionality from wellhead to first
point of sale
* New reporting capability to improve decision making for monitoring production
and nomination variances
* New Gas Available for Sale (GAFS) process to easily create gas available for
sale notifications for take-in-kind working interest owners

Because the newly enhanced components are fully integrated with the Allegro 8
platform, producers and first purchasers are fully enabled to achieve the data
accuracy, business process control and efficiency, and overall transparency
necessary to make informed decisions and improve company profitability.

About Allegro

Allegro is the global leader in energy trading and risk management (ETRM)
solutions for producers, refiners, power and gas utilities, commodity traders
and commodity consumers. To learn more go to www.allegrodev.com.

Members of the media please contact Christie Lindstrom at media@allegrodev.com
and for Analyst Inquiries please contact Ray Asif at analysts@allegrodev.com

Allegro
Christie Lindstrom, 214-237-8117
media@allegrodev.com

Copyright Business Wire 2009