Page 38

Glossary of Abbreviations API American Petroleum Institute bbls barrels bbls/d barrels per day bcf billion cubic feet boe* barrels of oil equivalent boe/d* barrels of oil equivalent per day Capex capital expenditures FD&A costs finding, development and acquisition costs F&D finding and development costs GAAP generally accepted accounting principles G&A general and administrative GJ gigajoule mbbls thousand barrels mboe* thousand barrels of oil equivalent mcf thousand cubic feet

mcf/d mmbbls mmboe* mmbtu mmcf mmcf/d NAV NGL NYMEX RLI WTI

thousand cubic feet per day million barrels million barrels of oil equivalent million British Thermal Units million cubic feet million cubic feet per day net asset value natural gas liquids New York Mercantile Exchange reserve life index West Texas Intermediate

* BOEs may be misleading, particularly if used in isolation. In accordance with NI 51-101, a BOE conversion ratio for natural gas of 6 mcf:1 bbl has been used, which is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

2003  

Annual Report

2003  

Annual Report

Advertisement