Prospectus re Admission to the Official List - Heritage Oil

PART XII—GLOSSARYThe following definitions apply throughout this document, unless the context otherwise requires:‘‘API’’a specific gravity scale developed by the American PetroleumInstitute for measuring the relative density of various petroleumliquids, expressed in degrees‘‘bbl’’‘‘bbls’’‘‘bbls/d’’ or ‘‘bopd’’‘‘Bcf’’barrelbarrelsbarrels per daybillion cubic feet‘‘boe’’ barrels of oil equivalent (1)‘‘boe/d’’ or ‘‘boepd’’‘‘condensate’’‘‘Gj’’‘‘LPG’’‘‘m 3 ’’‘‘Mbbls’’‘‘MMbbls’’‘‘Mboe’’‘‘MMboe’’‘‘Mcf’’‘‘Mcf/d’’‘‘MMBtu’’‘‘MMcf’’‘‘MMcf/d’’‘‘MMstb’’‘‘NGLs’’‘‘Petroleum’’‘‘Possible Reserves’’‘‘Probable Reserves’’barrels of oil equivalent per daylow density, high API hydrocarbon liquids that are present innatural gas fields where it condensates out of the raw gas if thetemperature is reduced to below the hydrocarbon dew pointtemperature of the raw gasgigajoulesliquid petroleum gascubic metresthousand barrelsmillion barrelsthousands of barrels of oil equivalentmillions of barrels of oil equivalentthousand cubic feetthousand cubic feet per daymillion British thermal unitsmillion cubic feetmillion cubic feet per daymillion stock tank barrelsnatural gas liquidsany mineral, oil or relative hydrocarbon (including condensateand natural gas liquids) and natural gas existing in its naturalcondition in strata (but not including coal or bituminous shale orother stratified deposits from which oil can be extracted bydestructive distillation)those additional reserves that are less certain to be recoveredthan Probable Reserves. It is unlikely that the actual remainingquantities recovered will exceed the sum of the estimatedProved plus Probable plus Possible Reservesthose additional reserves that are less certain to be recoveredthan Proved Reserves. It is equally likely that the actual304