Introduction

ERGO is a powerful economic evaluation program that allows you to efficiently evaluate the value of your Canadian, US or international oil and gas properties.

ERGO Features

ERGO will enable you to:

• Create convenient, easy to view projects that contain single or multiple properties, groups and wells.
  
• Create and share global evaluation parameters and price files.
  
• Use the DECPRO database import wizard to automatically create ERGO workbooks, complete with well or group headings, working interests, production forecasts and reserves.
  
• Use the ERGO forecast generator to create exponential, harmonic or hyperbolic forecasts for new wells.
  
• For Canadian NI51-101 requirements, create cases and get summary reports by oil and gas type.
  
• Easily create evaluations for multiple reserve categories.
  
• Use special “Flow Cases” to apply to distribute costs and prices to all the cases in your workbook.
  
• Run evaluations for specific wells or by reserve category and view summations at the group, property and project level.
  
• View and print results immediately in graphical or text formats and/or query from the results database. Export graphical results to a word processor or other presentation tool.
  
• Prepare standard reports, which are recognized and accepted by banks, financial institutions and stock exchanges.

Data Input

ERGO cases are created in workbooks, similar to Microsoft® Excel, Workbooks can have multiple cases on separate worksheets within the workbook and can contain sub-totals and total cases to provide intermediate and total summations of all the cases. A consolidation workbook that contains multiple workbooks can be created to role-up of multiple properties.

ERGO input parameters are set-up in a convenient tab menu structure to allow easy identification and selection of appropriate variables. In addition, any case within a workbook can easily be copied to start a new case for evaluation.

To make evaluation quicker, ERGO allows the user to import DECPRO database to automatically generate evaluation workbooks. When you import your wells/groups from DECPRO in this manner, your saved reserves estimates and production forecasts and will also be imported and displayed on the production tab of ERGO. In addition, users have the option of inputting the fixed and variable costs during this import process.

Global Setup

The Global Set-up is a separate module within ERGO where you can input all of the corporate economic parameters such as discount dates, rate and inflation factors, crown royalty parameters and corporate price forecasts. The user may create many Global Set-ups and use them interchangeably with the ERGO workbooks.