Streamlined Data Management Solution Enables Optimal Decision Making and Proper Visibility Throughout the Enterprise

Dallas, Texas, October 5, 2009 – 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 Development

Allegro is a global leader in energy trading & risk management solutions for power and gas utilities, refiners, producers, traders, and commodity consumers. With more than 27 years of deep industry expertise, Allegro’s enterprise platform drives profitability and efficiency across front, middle, and back offices, while managing the complex logistics associated with physical commodities.  Allegro provides customers with agile solutions to manage risk across natural gas, power, coal, crude oil, petroleum products, emissions, and other commodity markets, allowing decision makers to hedge and execute with confidence. Headquartered in Dallas, Texas, Allegro has offices in Calgary, Houston, London, Singapore, Sydney, and Zurich, along with a global network of partners.

For further information please contact Christie Lindstrom at media@allegrodev.com or +1.214.237.8117.