|| Barrel of oil equivalent,
determined on the basis that 6,000 cubic metric feet (mcf) of natural
gas is equivalent to one barrel of oil.
|| The governments share of a propertys
production irrespective of any cost of production.
|| Reserves defined as proven reserves plus
50% of probable reserves.
|| The amount received from the sale of a
barrel of oil or barrel of oil equivalent after deduction of operating
costs and royalty payments.
|| The working interest share of gross production.
|| Those reserves that analysis suggests
exist and whose future recovery, under current technology, is highly
|| Those reserves estimated as recoverable
with a high degree of certainty under current technology and existing
|| The interest in a lease that carries with
it the rights and obligations to develop and operate an oil or natural