P2 Energy Solutions Announces the Release of Excalibur Online

Robust oil and gas software package now available in a subscription model
DENVER--(Business Wire)--
P2 Energy Solutions, the leading provider of business software, map data and
enterprise services to the oil and gas industry, announces the release of
Excalibur Online, a centrally hosted, subscription-based, accounting, revenue,
land and production accounting solution for oil and gas companies of all sizes.

Excalibur Online provides the industry`s standard in oil and gas business
software in an affordable, web-based delivery model that allows E&P companies to
focus on managing their core business. Excalibur Online is a single, integrated
application that manages all of the interrelated functions of accounting,
revenue and land management: financial accounting, revenue processing and check
distribution, cost accounting and joint interest billing (JIB), authorization
for expenditure (AFE) management, land lease and ownership management,
production and operations management, royalty and regulatory requirements
management, and financial and operational reporting.

"The Excalibur Online subscription-based model is extremely cost effective. It
is ideally suited to the cyclical nature of the energy industry," said David
Verdun, Chief Technology Officer for P2 Energy Solutions. "Costs are
transparent, predictable and controllable by scaling the number of users up or
down as needed."

"We have been using Excalibur for over ten years to compute royalties and lease
rentals," said John Brown, IT Lead for Business Applications at Northwestern
Energy. "In an effort to stay current and simplify our internal processes, we
have chosen to leverage the new Excalibur Online service. In addition to the
flexible pricing model, it is our expectation that Excalibur Online will save us
costs on future IT infrastructure and support."

"By using Excalibur Online, clients are able to leverage P2 Energy Solutions`
industry best practices, IT knowledge and deep resource pool, as well as our
centralized SAS 70 compliant data center," Verdun continued. "Our data center
provides clients the assurance that they have implemented the highest levels of
security, system uptime and risk and disaster management through backups and
disaster recovery services.

P2 Energy Solutions focuses on the development and support of data, software and
enterprise services to meet the information and business process needs of the
energy industry. P2 Energy Solutions is the oil and gas industry`s most
comprehensive source of asset management solutions including Entelligent,
Enterprise Upstream, Reserves Management, Excalibur, Qbyte, Tobin Enterprise
Land, Tobin GIS Studio, Tobin SuperBase and Wellcore. With solutions deployed at
more than 500 companies worldwide, P2 Energy Solutions enables clients to
achieve greater productivity while maintaining effective controls.

The company has an 80-year history of serving the oil and gas industry and
understands its workflow processes. P2 Energy Solutions has the breadth and
depth of expertise to meet the expanding financial, operational and data
management needs of energy companies from private independents to super-majors.

P2 Energy Solutions
Director of Marketing
Diana Lovshe, 713-481-2041
dlovshe@p2es.com

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