Abbreviations & Definitions
| API |
American Petroleum Institute |
NYMEX |
New York Mercantile Exchange |
| bbls |
barrels |
OECD |
Organization of Economic Cooperation and Development |
| bbls/d |
barrels per day |
OPEC |
Organization of Petroleum Exporting Countries |
| bcf |
billion cubic feet |
PSC |
Production Sharing Contract |
| boe |
barrels of oil equivalent |
S&P |
Standard & Poor’s Ratings Group |
| boe/d |
barrels of oil equivalent per day |
tcf |
trillion cubic feet |
| C$ |
Canadian dollars |
TSX |
Toronto Stock Exchange |
| FPSO |
Floating, Production, Storage and Offloading Vessel |
UK |
United Kingdom |
| LNG |
Liquid Natural Gas |
UN |
United Nations |
| mcf |
thousand cubic feet |
US |
United States of America |
| mcf/d |
thousand cubic feet per day |
US$ |
United States dollar |
| mmbbls |
million barrels |
WTI |
West Texas Intermediate |
| mmboe |
million barrels of oil equivalent |
£ |
Pounds sterling |
| mmbtuss |
million British thermal units |
Conversion & Equivalency Factors
| Imperial |
|
Metric |
| 1 ton |
= |
0.907 tonnes |
| 1 acre |
= |
0.40 hectares |
| 1 barrel |
= |
0.159 cubic metres |
| 1 cubic foot |
= |
0.0282 cubic metres |
|
| mmcf |
million cubic feet |
| mmcf/d |
million cubic feet per day |
| Moody’s |
Moody’s Investor Service |
Natural gas is converted to oil equivalent at the ratio of six mcf to one boe. Boe may be
misleading, particularly if used in isolation. A boe conversion ratio of 6:1 is based on
an energy equivalency conversion method primarily applicable at the burner tip and
does not represent a value equivalency at the wellhead.
Gross acres means the total number of acres in which Talisman has a working interest.
Net acres means the sum of the fractional working interests owned in gross acres
expressed as whole numbers and fractions thereof.
Gross production means Talisman’s interest in production volumes (through working
interests, royalty interests and net profits interests) before the deduction of royalties.
Net production means Talisman’s interest in production volumes after deduction of
royalties payable by Talisman.
Gross wells means the total number of wells in which the Company has a working interest.
Net wells means sum of the fractional working interest owned in gross wells expressed
as whole numbers and fractions thereof.
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