Entero Corp. releases new royalty models for their evMOSAIC software;
clients can now calculate potential impact on their bottom line.
CALGARY, Oct. 4 /CNW/ - Entero Corporation has released an important
update to their evMOSAIC software program that includes full models for
Alberta's proposed oil and gas royalty changes. This will allow clients to run
economic scenarios for their companies and measure the potential impact of the
proposed fiscal royalty system changes on their bottom line.
"Our clients are always thinking ahead - and so are we," said Mike Lake,
Executive Vice President, evMOSAIC, at Entero. "Although we don't yet know the
final outcome of these proposed royalty changes, today we can give our clients
the software tools to understand the possible impact, plan for the future, and
contribute effectively to industry dialogue and decisions."
An Alberta Government-commissioned panel released a report on
September 18, 2007, proposing that Alberta increase its oil and gas royalty
share by some 20 per cent, representing an additional $2 billion per year for
the province. Entero clients can use evMOSAIC software to calculate the
potential corporate impact of these fiscal model regime changes and plan their
business response, should the royalty changes occur.
About Entero Corporation
Entero's evMOSAIC is an integrated evaluation, reserve management and
budgeting software application for the oil and gas industry. The application
is used by major E&P companies and five of Canada's leading petroleum
Entero provides comprehensive business software that delivers clarity and
efficiency to the energy industry. We apply inventive thinking and unwavering
integrity in everything we do.
For further information:
For further information: Further information about Entero Corporation is
available on the company website, www.entero.com or by contacting: Media
Relations Contact: Michael Lake, Executive VP evMOSAIC, Entero Corporation,
Cel. (403) 863-0191, Email: email@example.com