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Glossary

Backwardation

bblmmcfd

BCF

BIBA

Binary stock/trade

Binary Stock/Trade

Bitumen

Bitumen

BOE

BOE

boed

boe/d

Bought deal financing

Bought Deal Financing

Brent Crude Oil

Brent Crude Oil

Broad Shelf

Broad Shelf

C5

Cap rock

Capex

Capex

Channel sand

Channel Sand

Charged formation oil

Charged Formation Oil

Condensate

Condensate

Contango

Correction

Data to determine how to frack

Directional services

Drill ships

Drill Ships

Dry hole

Dry Hole

EBITDA

EBITDA

Estimated Ultimate Recovery

Estimated Ultimate Recovery

FD&A

FDC

FDC

Foam fracking

Foam fracking

Frack barriers

Frack Barriers

FSRU

Full Cycle Costs

Full Cycle Costs

Heavy crude oil

IP Rate

IRR

Jack-ups

Jack-up

Light crude oil

Light oil

Light Oil

Long tail of its production

Long tail (for its production)

Low permeability

Low permeability

mbbl

mcf

mcfe

MDA

MDA

Minimal relief

mmbbl

MMBBL

mmbtu

mmcf

Multiple horizons or formations

Netback

NGL

Non-operating minority interest

NPV

Oil or reservoir has energy

Oil Window

Oil/Gas window

OOIP

Organic rich shale

Organic rich shale

P50

P50

Payzone

Potential valuation

Price per flowing barrel

Pullback

Pullback

Recoverable barrels of oil

Recoverable oil resource

Recoverable Oil Resource

Recovery Factor

Recycle Ratio

Secondary recovery

Secondary recovery

Shallow formation

Shallow formation

Sheet sand

Sour crude oil

Source rock

Spud-a well

MMBBL

Stabilized rate

Stabilized rate

Stacked pay

Stacked pay

Submersible rigs

Sweet crude oil

tcf

TCF

Tight oil play

MMBBL

Unstimulated production

Unstimulated production

Warrants

Warrants

Waterflood

Waterfloods

WCSB

West Texas Intermediate-WTI

Wet gas and oil

Wet gas and oil



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