PETRIS AND SYNTRAGY FORM ALLIANCE FOR GROWTH

Houston, August 2, 2002 – Petris Technology, Inc. of Houston, Texas, and Syntragy, L.L.C., one of the newest players in the upstream oil & gas industry, have formed an alliance to help their customers bridge the gap between technology and business objectives.

Syntragy, headquartered in Richmond, Texas, is a virtual technology solutions architecture company serving the upstream oil & gas industry. This dynamic group focuses on their positioning as an intermediary between oil and gas technology solution providers and oil & gas companies seeking technology solutions. They "bridge the gap" between these two entities by acting as solution architects, providing expertise to both the buy and sell side of the market. Syntragy’s business-oriented technology strategies and solutions architecture design fits well with Petris’ products and services growth objectives.

Jim Pritchett, Petris CEO is “happy to have the Syntragy group onboard. They are a natural extension to Petris’ solutions for the industry.” Pritchett adds that “Syntragy’s experience and understanding of the industry and its problems enables them to provide clients with the best solutions possible along with service they can count on and expertise they can trust.”

Petris has served the industry since 1994 providing custom development, enterprise integration and web services. Most recently Petris added PetrisWINDS NOW!, their application service provider (ASP) capability that provides energy companies with industry software applications via the Internet on a subscription basis. The most versatile industry ASP, PetrisWINDS NOW! enables its users to obtain the competitive advantages they need in today’s pressured economy and highly competitive environment. Working with other Petris products, such as PetrisWINDS Enterprise, a data and applications integration middleware, companies can easily integrate data with best-of-breed application solutions to better compete and shorten project cycle times.

Syntragy is composed of oil & gas management professionals with senior level experience in operations, information technology (IT), business development, change management, and delivery of technology strategy. The principals, Lester Sisemore, Daniel McCarthy, David Vork, and David Daniel each have over 20 years of oil & gas experience. As a group, their knowledge encompasses the E&P value chain of asset selection, exploration, development, production, and disposal.

“Petris is a trusted company and has a good reputation in the industry.” says Les Sisemore, Managing Partner of Syntragy. “We chose to partner with them because of their unique enterprise integration, web services, and data and application management solutions. Their products and services will offer our clients the kind of top-notch, vendor neutral, and affordable solutions they need.”

Syntragy addresses the industry's problems of personnel shortage, and the need to increase productivity and lower costs by offering a new operating model that augments core oil & gas company skills and increases overall workforce efficiency with technology. They address both aspects of this operating model by supplying the key strategy skills needed to develop and implement IT-enabled upstream petroleum technology based on the products of independent vendors, such as Petris Technology, and to do so on a contract, part-time basis forming a virtual company with their clients.

Syntragy’s capabilities include:
• Exploration and Production Operations
• Technology
• Strategy and Planning
• Evaluation
• Assessment
• Implementation
• Management
• Alliances
• Solution Development
• Process Management
• Project Development and Planning
• Organizational Design
• Change Management

Petris Technology was founded in 1994. Comprised of professionals who have both energy industry and information technology backgrounds, the company provides practical, real solutions for its oil & gas clients that span the cycle from exploration and acquisition through operations to divestiture. Petris is an expert in web services architecture and has a one-of-a-kind vendor neutral integration application. Taken together, Petris is at the brink of a new era in integration, data and application management. Petris’ Internet address is http://www.petris.com/.

Syntragy designs IT-enabled solutions for oil & gas companies based on the products of independent vendors. Their expertise ensures that vendor product components fit together seamlessly and that the components support client core business objectives.

For additional information contact,
Les Sisemore, Syntragy, L.L.C.
Managing Partner
281-344-0351
les.sisemore@syntragy.com

Jim Pritchett, Petris Technology, Inc.
CEO/President
713-956-2165
pritchett@petris.com