Petris is dedicated to being a leading solutions provider to the energy sector, focused on exploration, production and
pipeline clientele. We have solutions that improve operating efficiency and increase business value across the life cycle
of an asset, from discovery and definition to development, depletion and divestment. Our heritage is software; however,
we are continuing down a path of increased value to our clients by wrapping those software products with expert skills
in supporting processes and techniques.

Our actions are guided by the needs of our clients and the markets they shape.  Through all the complexity, volatility
and glare of the spotlight on the energy sector, there are clear market trends for which Petris provides solutions:

• The demand for oil and gas is at an all-time high - leading to a surge in exploration activity coupled with an increase
  in services within existing fields to extend productive life. Petris will continue to expand its portfolio of exploration
  and production analytical tools and techniques, to orchestrate workflows across suites of tools and to assure access to
  and management of the many data sources on which these analytical tools are dependent.

• There is a growing shortage of critical skills - Successive industry layoffs have reduced the number of mid-career
  people; new recruits do not have the skills to directly replace the people reaching retirement. Petris will continue to
  improve our product usability and simplify processes where meaningful and reasonable. We have a major focus on tools that
  enhance collaboration between subject matter experts, regardless of where they reside in the world.  As the baton is
  passed between generations, we see a need to preserve and transfer knowledge of past project lessons.

• Industry consolidation will continue - Consolidation will continue in order to achieve the critical mass that assures
  competitiveness in the high-stakes global market.  Petris is well positioned to facilitate information sharing during
  a merger/acquisition process and to assist consolidating data and processes from pre-acquisition, disparate organizations.

• Regulatory reporting will continue to be a way of life - Regulations require timely reporting as well as access to and
  analysis of digital operating data. Data quality and transparency is needed to satisfy other regulatory requirements, such
  as Sarbanes-Oxley. Petris solutions support the requirements for regulatory compliance and adherence to data management and
  integration standards.