Terms & Abbreviations

BBLS

Barrels

BCF

Billion cubic feet

BOE

Barrels of oil equivalent

Hectare

1 hectare is equal to 2.47 acres

MBBLS

Thousand barrels

MBBLS / Day

Thousand barrels per day

MBOE

Thousand barrels of oil equivalent

MBOE / Day

Thousand barrels of oil equivalent per day

MCF

Thousand cubic feet

MCFE

Thousand cubic feet of gas equivalent

MMBBLS

Million barrels

MMBOE

Million barrels of oil equivalent

MINHOE / Day

Million barrels of oil equivalent per day

MMCF

Million cubic feet

MMCF / Day

Million cubic feet per day

MMLT

Million long tons

TCF

Trillion cubic feet

Capital

Include capitalized

Expenditures

Administrative expenses and capitalized interest but does not include proceeds or other assets

Cash Flow from Operations

Earnings from operations plus non-cash charges

Total Debt

Long term debt including current portion and short term

EBITDA

Earnings from operations before interest, taxes and DD&A

EBIT

Earnings from operations before interest and taxes (operating profit)

Equity

Amounts due to shareholders, capital securities and accrued return, shares and retained earnings

Free Cash Flow

Cash flow from operations less capitalized administration and capitalized interest