With the oil and gas business operating at near capacity, it's never been more important for E&P companies to keep their costs down, their information accurate and their internal business processes efficient.

Rapid Solutions Corporation, one of the most trusted names in resource industry solutions, helps major producers do more with less. Rapid's CENTRIX™ Life Cycle Management (LCM) solution is a world-class solution for the oil and gas sector's biggest challenges - high operational costs and business inefficiency.

The CENTRIX™ LCM solution answers several major questions that have become prominent throughout the energy industry:

* How can we use technology to compensate for the shortage of qualified personnel?

* How can we capture the knowledge of our "experts"?

* How accurate is our data?

* How do we merge all these systems into one reconciled version that we can rely on? Why can't we have information on demand?

* What can we do to make our organization more efficient?

It's one thing to understand what the problems are and quite another to determine what the solution should be.

The CENTRIX™ LCM solution has evolved in response to customer demand for a solution that is able to:

* Pull disparate information systems together and create an accurate representation of all revenue generating assets;

* Facilitate better workflows within the organization that lead to better decision-making and efficient use of revenue generating assets;

* Streamline communications throughout the corporation and reduce decision-making bottlenecks, thereby increasing business velocity.

"CENTRIX™ represents a better way to manage the life cycle of the revenue generating assets for oil and gas companies," says Michael Jones, President and CEO of Rapid Solutions, a publicly traded solutions and services company with offices in both Houston and Calgary.

"What our solution does, basically, is tie all the varying information systems together to achieve a more coherent and more efficient work environment to manage oil and gas assets," says Jones. "It's not enough to simply merge data if the information is not accurate or timely or in the context of a business decision that is being made. What we do is reconcile information across multiple silos and deliver it in the context of a business decision or a business process."

CENTRIX™ integrates key information from drilling departments and land departments and brings together crucial pieces of essential data that senior managers need to manage the larger enterprise more effectively. Jones describes CENTRIX™ as a flexible and adaptable "digital dashboard" that unclogs bottlenecks that can develop in every modern oil and gas company.

"When our customers ask us for assistance, we don't replace their systems," says Jones. "We just help them refine their oil and gas business processes."

Rapid Solutions Corporation enables a company to understand how its overall business is operating, see where bottlenecks are occurring, and eliminate problems through the utilization of a formal methodology and a deep understanding of the energy sector that guides the design and deployment of the CENTRIX™ LCM solution.

Rapid's clients include some of North America's largest oil and gas producers and energy-based income trusts.

The CENTRIX™ LCM solution provides customers with meaningful improvements to existing processes, thereby improving overall efficiency and transparency. For example, Rapid assisted a client in shortening the time it takes to license a well and bring it on to production by approximately 30 days. This enabled quicker decisions and faster achievement of revenue.

The metrics that matter vary from client to client. Rapid focuses on the most notable gaps in an organization.

Today producers need all the benefits they can get, says David Smethurst, the Calgary-based Senior Vice President Strategic CENTRIX™ Business Unit of Rapid Solutions. "The problem of inaccurate or untimely data has been around for many years. Executives tell us if they had the right information at the right time, they could make better decisions. We're not here to re-engineer an already well-run, profitable organization. We show clients how to use the information they already have to achieve higher levels of efficiency."

"There is a lot of waste in the oil and gas business, much of it the result of poor communication and lack of organizational collaboration," says Smethurst. "A perfect example relates to the drilling side.

"There's so much activity at the moment that rig availability is severely reduced. The company that understands exactly when its leases are in place, knows the actual spud date as well as the precise time when every permit is in place, is able to go forward with drilling on an efficient basis.

"By contrast, if they've ordered a rig before the permits are in line, they can't proceed. Yet they're still paying an expensive day rate to the driller for the equipment to sit idle. There's waste and that reduces corporate profitability. Multiplied several or hundreds of times depending on the company, it can have a material impact on a company's operating results."

CENTRIX™ can also integrate with Rapid's easy-to-use production forecasting technology to estimate reserves more accurately - and much faster - than traditional methods.

"Essentially, you can get a living well test out of this technology - which is something that hasn't been available before," says Jones.

Successful oil and gas companies work with Rapid Solutions Corporation, because they know they're teaming with the leading developer of full LCM solutions for the petroleum industry. With CENTRIX™, corporate leaders co-ordinate critically important matters down to the minute and eliminate costly overlaps that hurt the bottom line.

For further information, please visit the Rapid Solutions website: www.rapid.com. Or telephone the Calgary office at 403.451.3105.

Rapid Solutions Corp.

1450, 324 8th Avenue S.W Calgary, AB T2P 2Z2.