P2 Holdings Promotes Bret Bolin to President and Chief Executive Officer

Denver, CO (April 13, 2009) - P2 Holdings, Inc., a leading global provider of software, data and auction services for the upstream energy industry, today announced that effective immediately Chief Operating Officer Bret Bolin has been promoted to President and Chief Executive Officer. Mr. Bolin has served as Chief Operating Officer of P2 Holdings since July 2008. Prior to joining P2 Holdings, he was Chief Financial Officer of Ventyx Inc., a leading enterprise software provider to the utility, communications and energy industries.

In conjunction with the promotion of Mr. Bolin, current CEO, Gary Vickers will be stepping down. Mr. Vickers has served as CEO of P2 Holdings since it was formed in 2002, and will continue to support various P2 strategic initiatives.

“Gary has done a tremendous job building and leading the company since its inception. Over 500 customers have benefited from the wide range of products and services delivered by the employees at P2 under his leadership throughout the years,” said Mr. Bolin. “The management team and all of our employees are committed to continuing the same level of industry leadership and customer focus to continue our success and lead the company to newer heights."

"It has been my sincere honor to work with the people at P2 – the employees, the management staff and the customers are the finest in the industry," said Mr. Vickers. "P2 is an incredible combination of people, products and services, and it has been a pleasure in helping to create the industry leader in this space. I feel confident that the company is well-positioned to build on this success in the capable hands of Bret and his management team.”

About P2 Holdings, Inc.

P2 Holdings, Inc. is a leading software, data, auction and marketplace company focused exclusively on the oil and gas industry. It is the parent company of P2 Energy Solutions and the Oil and Gas Asset Clearinghouse.

P2 Energy Solutions focuses on the development and support of data, software and enterprise services to meet the information and business process needs of the energy industry. It is the oil and gas industry’s most comprehensive source of asset management solutions including Entelligent, Enterprise Upstream, Reserves Management, Excalibur, Qbyte, Enterprise Land, Tobin GIS Studio, Tobin SuperBase and Wellcore. With solutions deployed at more than 500 companies worldwide, P2 Energy Solutions enables clients to achieve greater productivity while maintaining effective controls. The company has an 80-year history of serving the oil and gas industry and understands its workflow processes.

The Oil and Gas Asset Clearinghouse has built a reputation as a premier provider of A&D marketing and advisory services for the upstream and midstream oil and gas industry, having closed nearly $7 billion in oil and gas asset and corporate transactions since its inception in 1992. The company is the only advisory firm in the United States that covers the complete spectrum of transaction services, ranging from leasehold to pipelines, small fields to major corporations, and live auction to custom negotiated transactions. The Clearinghouse provides a single vendor solution for highly-technical evaluations and industry-standard transactions.