Glossary

2C	Best estimate of Contingent Resources
2D	Two dimensional seismic
3D	Three dimensional seismic
ADR	American depositary receipt
AIM	The London Stock Exchange’s AIM market
AIM Rules	AIM Rules for Companies
Aurelian	Aurelian Oil & Gas Limited (formerly Aurelian Oil & Gas PLC)
BCF or bcf	Billion cubic feet
B.V.	Dutch private limited company
BVI	British Virgin Islands
Cairn	Cairn Energy PLC
Celtique	Celtique Energy Poland Sp. z o.o.
CPR	Competent Person’s Report
Delta	Delta Hydrocarbons B.V.
DFIT	Diagnostic fracture injection test
E&P	Exploration and Production
Enefit	Enefit Outotec Technology OÜ
Genel	Genel Energy PLC
GmbH	German company with limited liability
Gold Point Energy	Energy Gold Point Energy Corp.
Group	San Leon and its subsidiaries
Island Oil & Gas	Island Oil & Gas PLC
IVE	In-situ vapour extraction
JV	Joint Venture
km	Kilometres
LLP	Limited liability partnership
Longreach	Longreach Oil & Gas Ventures Ltd
Ltd or limited	A private limited company incorporated under the laws of England and Wales, Scotland, certain Commonwealth countries and Ireland
m	Metres
MD	Measured depth
MMBOE or mmboe	Million barrels of oil equivalent
mmbbl	Million barrels
Nomad	A company that has been approved as a nominated advisor for AIM by the London Stock Exchange
NovaSeis	NovaSeis Sp. z o.o.
NPV	Net present value
OMV	OMV (Ireland) Killala Exploration GmbH
OTCQX	OTCQX International is the premier market tier for non-US companies that trade over-the-counter and are listed on a qualified foreign stock exchange
PGNiG	Polskie Górnictwo Naftowe i Gazownictwo S.A.
PLC or S.A.	A publicly held company
Premier Oil	Premier Oil PLC
Prospectiuni	Prospectiuni S.A.
Providence	Providence Resources PLC
PSE Kinsale Energy	PSE Kinsale Energy Limited
Realm or Realm Energy	Realm Energy International Corporation
San Leon or the Company	San Leon Energy PLC
SEDA	Standby Equity Distribution Agreement
Serica	Serica Energy PLC
Sp. z o.o.	Polish limited liability company
Sp. z o.o. sp.k	Polish LLP
SPV	Special purpose vehicle
Sunningdale Oils	Sunningdale Oils (Ireland) Limited
Super Nova	Super Nova Resources Inc.
Talisman	Talisman Energy Inc.
TCF or tcf	Trillion cubic feet
United Oilfield Services	United Oilfield Services Sp. z o.o.
Valhalla Oil & Gas	Valhalla Oil & Gas AS
Yorkville	YA Global Master SPV Ltd

Reserves

Proved	Reserves which have a ‘reasonable certainty’ of being recovered
Probable	Probable reserves are volumes that are defined as ‘less likely to be recovered than proved, but more certain to be recovered than possible reserves’
Possible	Possible reserves are reserves which analysis of geological and engineering data suggests are less likely to be recoverable than probable reserves
Gross	Reserves before deduction of royalty
Net	Reserves after royalty plus royalty interest
1P	Proved
2P	Proved plus probable
3P	Proved plus probable plus possible

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