OpenLink

OpenLink Signs PanCanadian Petroleum as Newest Endur™ User

HOUSTON, TX, March 20, 2001 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that PanCanadian Petroleum Limited has licensed OpenLink's Endur™ 5.0 - the leading front-through-back-office solution for energy trading, risk management and operational requirements - for natural gas and power trading and risk management support in both the energy and financial markets.

"Endur gives us the ability to define our trading system the way we see our business," said David Hsu, PanCanadian's Director, Risk Systems. "We can configure Endur to operate with our proprietary view of the energy markets while preserving a rigorous risk management structure. In addition, we gain the flexibility to support business requirement changes and new market expansions."

OpenLink's Endur helps manage energy trading functions and operational risk, channeling information into a steady stream for precise decision-making, with real-time accuracy, configurability, flexibility, and scalability. Besides addressing the challenges of changing core energy markets, Endur easily provides trading and risk management support for a wide range of markets, such as coal, soft commodities, metals, currency, interest rates, emissions, weather derivatives and bandwidth.

"The functionality and configurability capabilities of our system were clearly the key factors in PanCanadian's decision to select Endur," said Adam Walsh, OpenLink Energy managing director. "No system on the market today can do what Endur can. Endur enables PanCanadian to enter new markets, quickly adapt to changing marketplace conditions, and go wherever it wants to in the future."

About PanCanadian Petroleum Limited

PanCanadian Petroleum is one of Canada's largest producers and marketers of natural gas, crude oil and natural gas liquids. Its extensive exploration and production activities stretch across Canada and include a variety of international interests in the Gulf of Mexico, the United Kingdom, Australia, Africa, and Brazil. PanCanadian Energy Services, headquartered in Houston, markets natural gas and power across North America.

About OpenLink

Founded in 1992, OpenLink has emerged as a leading developer of energy and financial trading and risk management software solutions with broad market functionality. The company's global client base includes Bank for International Settlements, Coral Energy, Credit Lyonnais Rouse, Deutsche Bank, Dynegy Inc., Equiva Services LLC, Gaz de France, JP Morgan, Manulife Investment, Mobil Oil Gas Trading, Nabisco, RWE Energie, and Texaco. Headquartered in New York, OpenLink employs more than 130 professionals worldwide and has offices in New York, London and Houston.

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e-mail: Dorianne Landolphi
OpenLink
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