Spinnaker Exploration selects FUTRAK

"We are proud to add Spinnaker Exploration to our extensive and ever growing E&P client list", stated Richard Kulaszewski, Vice President-Sales "When any E&P company is selecting a system for derivatives hedging and FAS133 accounting, FUTRAK is usually their overwhelming choice."

Spinnaker Exploration is an independent energy company engaged in the exploration, development and production of natural gas and oil in the U.S. Gulf of Mexico. The Company is headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the symbol SKE.

FUTRAK provides E&P companies with FAS133 compliance, which includes independent mark-to-market, forward curves for lots of basis, historical and forward regression analysis, accounting, and Sarbanes Oxley compliance.

Founded in 1983, INSSINC provides risk management and FAS133 software as an ASP or onsite to energy, soft commodity, financial, and metal companies. INSSINC, which maintains offices in the United States and Europe, has also released a new module for IAS 39 under International Financial Reporting Standards (IFRS).

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