OIL AND GAS GLOSSARY (A-G)

APD’s - Applications for permit to drill

BBO - Billions of barrels of oil

BCFe - Billions of cubic feet equivalent

BCFGe - Billions of cubic feet of gas equivalent

BOEe/d - Barrel of oil equivalent per day

C - Canadian dollar

CAPEX - Capital expenditure

casing - steel pipe placed in an oil or gas well to prevent the wallf of the hole from caving in, to prevent movement of fluids from one formation to another and to aid in well control.

DTC - Drill to completion

E&P - Exploration and production

FYE - Fiscal year ending

E&D - Exploration and development

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