ARIES Quicksheet – Flashcards

Help establish asset value THROUGH: - Forecast production (via decline curve analysis in Multigraph module) - Determining economic limits - Reserves calculations (in Economics module) - NPV calculations (in Economics module)

BENEFIT: 1. SAVES TIME (50% time savings) - Flexible, calculates multiple scenarios - 20% faster building new evaluations - 70% reduction in update time 2. DECISION CONFIDENCE (proven accuracy) - 60% reduction in errors - Higher accuracy, less room for human error because automated and data is centralized instead of having to pass through multiple sources - Simplifies reserves audits - 50% time savings (more time available for high value analysis, less time running evaluations) Automated forecast features reduces time and effort, while improving and standardizing evaluation consistency. Scenario hierarchies for data and results eliminate duplicating properties and simplify sensitivities and archiving on secure enterprise databases.

Yes - ARIES is based on relational databases in multi-user environments. Your company can tailor the data tables to suit enterprise needs. ARIES can import or directly access many data sources

Standard: - U.S. federal and state income taxes - Regular and special state severance taxes, and ad valorem taxes. - Canadian federal and provincial taxes. ARIES Modeler extension enables modeling any type of fiscal regime for any country, including a ring fencing capability

Standard: algorithms are fixed and cannot be modified by the user.......Modeler: complex algorithms that include logical tests, "on-the-fly" alternate scenarios, external data, and more can be implemented

ARIES™ helps oil and gas companies establish asset value by forecasting production, determining economic limits and reserves, and calculating net present value. ARIES is the industry's most widely used reserves and economics solution. It handles all production scenarios, simplifies reserves audits and makes reporting faster. ARIES is E&P's leading economic and reserves evaluation system. It is widely used for property valuations, project decision analysis, reserve calculations, and budgeting of properties, projects and acquisitions.

Automation (forecasting and data management): Increases wells/engineer from 100's to 1000's Sensitivities and updates are 70% quicker Integration (U.S., int'l, deterministic, stochastic): Reduces tools (and IT cost) needed from 4 to 1 Architecture (open and scaleable) Speed & capacity reduces time to value 40% Unlimited numbers of properties and roll ups Transparency and Confidence (All data and results in shared database): MS Access, MS SQL Server, and Oracle Management is personally liable for SEC reserve values Huge, active user community drives features

ARIES answers the questions, "How much are these assets worth, and how much if I change something?" • 20% reduction in time needed for new evaluations • 70% reduction in time needed for updates • Doubles engineers' time available for other high value analyses (automation + technicians can do routine tasks) • 60% reduction in errors through direct sharing of data and results with company business systems • Doubles management confidence in project decisions and quality of reserve reports • Satisfy data needs for internal and external parties

• Company can tailor ARIES Classic Data Model to fit business systems and special needs • Open database system on MS Access, SQL Server, and Oracle • Structured project and property management • Model 15 phases and their associated price, cost, ownership, and revenue values • Very fast economics engine • Standard engineering and financial report styles, plus user-created styles • Production ledgers • Interactive graphical decline curve forecasting including normalized trend analysis and automated filtering and fitting • Presentation plotting including netted values and multi-level summaries

ARIES is a well-known, trusted and widely accepted reserves and economics solution. The growing number of wells being drilled and brought online creates a corresponding growth in the demand for reserves and economics usage. The addition of ARIES Modeler creates new market opportunities outside the US. Successful sales and marketing efforts in the past applied the following principles: • Build relationships through customer feedback • Build the modeling and consulting/training business • Address problems voiced about the competition: integration, modeling, support • Sell a complete solution for evaluation, reserves, and portfolio management

U.S., Canadian, and international E&P companies Key users at these companies include: • Reservoir and reserves engineers • Business analysts and planners • Production and facility engineers • Engineering technicians • A&D teams and negotiators Other companies that make economic-based E&P business decisions such as: • Banks • Consultants and reserve auditors • Royalty owners and trusts

Complexity increasing well counts and workflows for traditional, unconventional and offshore assets Workload more projects/properties per engineer Fragmentation of data and applications • Extreme data overload Reserves accuracy calculations consider all global variables • Financial reporting • Regulatory accountability • Project sanctioning

Landmark's ARIES economics software is widely used for property valuations, project decision analysis, reserve calculations, and budgeting of properties, projects and acquisitions. It is best known in the US and Canada but has also been proven around the world. ARIES has a very active user community, a large pool of skilled users, a deep and effective support infrastructure. Landmark has demonstrated long-term commitment to this market - our customers will not outgrow the capabilities of the software. Because ARIES is a dedicated reserves and economics solution with formal data management capabilities, the problems when using ad hocspreadsheets for enterprise rollups are solved. Likewise, non-standard models and individual formats are eliminated while maintaining the ability to handle complex assets. Integrating reserves and economics results into company business systems can be a major challenge for some applications. With ARIES, connectivity is built into the data management functionality.