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aclaro softworks inc. releases new 'out of the box' version of their application

Tuesday, February 21, 2017

Industry leading Reserves management software company to exhibit new software at NAPE Summit February 16 to 17, 2017.

aclaro softworks inc. is excited to announce the release of a pre-configured version of their industry leading petroLook Reserves platform. The new version of petroLook Reserves is tailored for easy implementation and use by U.S. operators of any size.

'Now all U.S. operators can benefit from the same Reserves management and reporting functionality developed with, and used by, prominent independents and global super-majors,' says Christoph Faig, CEO of aclaro.

Features in this release include:

· Reserves compliance in 30 days
· Secure, auditable, accurate, timely, and repeatable Reserves management and reporting
· EIA-23 and SEC reporting out of the box
· Intelligent reconciliation of resource changes
· Direct links to project economics tools, like ARIES
· Support for unconventional assets

This new 'out of the box' release has all the power of petroLook Enterprise Reserves (the new name for the fully customizable version of the application), but is tailored specifically for U.S. oil and gas companies and their reporting needs.

'All companies, regardless of size and whether they are publicly traded or not, need to manage and report their Reserves consistently and accurately to their shareholders, lenders, and government agencies,' says Faig. 'petroLook Enterprise Reserves has proven that it can meet the Reserves management and reporting needs of our clients. We are excited to now offer a pre-configured version that will allow any U.S. company to be up and running with petroLook Reserves inside of a month.'

aclaro will be showcasing their new petroLook Reserves solution at the annual NAPE Summit from February 16 to 17, 2017 in Houston, Texas.



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