OGRE Systems Inc. Announces Incorporation

Dallas, Texas — In a private sale, a Houston based investment group has purchased the assets of OGRE Partners, Ltd. and formed OGRE Systems, Inc. John Capozzi will continue as President and continuity of staff will be maintained. At the same time, several highly experienced oil and gas professionals will be added. Based on market research, management and the funding group believe the industry is seeking out the very solutions OGRE already has available and that by bringing these solutions to the market, customers will benefit. To achieve this, considerable expansion is planned including opening offices in key oil and gas cities and establishing strategic relationships with appropriate partners.

OGRE also announces the opening of its Houston Texas office located at 7880 San Felipe, Suite 200, Houston, TX 77063. The office is to be managed by David Douglas, OGRE’s corporate vice-president of sales and marketing. Mr. Douglas has more than 20 years of oil and gas industry experience having held management positions with companies such as Schlumberger, Legacy Solutions and GeoQuest Systems. He has worked in a variety of oil and gas producing regions in the USA, South America and Asia.

OGRE has provided advanced software technology and services in the area of oil and gas economic evaluation since 1978. These solutions are used by hundreds of producers, consulting groups, financial institutions and individual investors in more than 30 countries around the world. OGRE delivers significant value to customers seeking to more accurately estimate their proved reserves. Headquartered in Dallas Texas, the company offers its products and services from its offices in Dallas, Houston, Beijing China and Jakarta Indonesia.

Contact:
OGRE Systems Inc
David B. Douglas
ddouglas@ogresystems.com
Tel: 713.574.5539
http://www.ogresystems.com

This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.