| Item |
Description |
| $ |
US dollars unless otherwise stated |
| AFREN |
Afren plc |
| API |
a specific gravity scale developed by the American Petroleum Institute for measuring the
relative density of various petroleum liquids, expressed in degrees
|
| BBL/BBLS |
barrel/barrels |
| BBLS/D OR BOPD |
barrels per day or barrels of oil per day |
| BCF |
billion cubic feet |
| BOE |
barrels of oil equivalent1 |
| BOE/D OR BOEPD |
barrels of oil equivalent per day |
| BONDS |
$165,000,000 8.00% convertible bonds repaid 2012 |
| CDP |
Carbon Disclosure Project |
| CODE UK |
Corporate Governance Code |
| COMBINED CODE |
Combined Code of Corporate Governance published in 2008 |
| COMPANY |
Heritage Oil Plc |
| CONDENSATE |
low density, high API hydrocarbon liquids that are present in natural gas fields where it condenses out of the raw gas if the temperature is reduced to below the hydrocarbon dew point temperature of the raw gas |
| CONTINGENT RESOURCES |
those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations by application of development projects but which are not currently considered to be commercially recoverable due to one or more contingencies |
| CONVERSION RIGHTS |
conversion rights under the terms of the Bond |
| CSR |
Corporate Social Responsibility |
| EIA |
Environmental Impact Assessment |
| ENI |
Eni International B.V. |
| FCA |
Financial Conduct Authority |
| FRC |
Financial Reporting Council |
| GENEL ENERGY |
Genel Energy plc |
| GROUP, HERITAGE |
the Company and all of its subsidiaries |
| HOGL |
Heritage Oil and Gas Limited |
| HOC OR CORPORATION |
Heritage Oil Corporation, incorporated in Canada and a wholly owned subsidiary of the Company |
| KPI |
Key Performance Indicator |
| LEAD |
potential drilling target that is less well defined than a prospect and requires further data before being considered a prospect for drilling |
| LNG ENERGY |
Energy Ltd. |
| LSE |
London Stock Exchange |
| LTI |
Lost Time Injury |
| LTIFR |
Lost Time Injury Frequency Rate per 10,000 hours worked |
| LTIP |
Long Term Incentive Plan |
| M |
metres |
| M3 |
cubic metres |
| MBBLS |
thousand barrels |
| MMBBLS |
million barrels |
| MBOE |
thousands of barrels of oil equivalent |
| MMBOE |
millions of barrels of oil equivalent |
| MCF |
thousand cubic feet |
| MCF/D |
thousand cubic feet per day |
| MMBTU |
MMBTU million british thermal units |
| MMSCF |
million british thermal units |
| MMSCF |
million standard cubic feet |
| MMSCFD |
million standard cubic feet per day |
| MMSTB |
million stock tank barrels |
| N/A |
not applicable |
| NGO |
Non-Governmental Organisation |
| NTC |
National Transitional Council |
| OML 30 |
Oil Mining Licence in Nigeria
|
| P10 |
10% certainty |
| P50 |
50% certainty |
| P90 |
90% certainty |
| PASS-THROUGH DIVIDEND |
special dividend paid to Bondholders |
| PETRODEL |
Petrodel Resources Limited |
| PETROFRONTIER |
PetroFrontier Corp. |
| PETROLEUM |
any mineral, oil or relative hydrocarbon (including condensate and natural gas liquids) and natural gas existing in its natural condition in strata (but not including coal or bituminous shale or other stratified deposits from which oil can be extracted by destructive distillation) |
| PNG |
Papua New Guinea |
| POSSIBLE RESERVES |
those additional reserves which analysis and geoscience and engineering data suggest are less likely to be recovered than Probable Reserves. The total quantities ultimately recovered from the project have a low probability to exceed the sum of Proved plus Probable plus Possible Reserves |
| PPL |
Petroleum Prospecting Licence |
| PRL |
Petroleum Retention Licence |
| PROBABLE RESERVES |
those additional reserves that are less likely to be recovered than Proved Reserves but more certain to be recovered than Possible Reserves. It is equally likely that actual remaining quantities recovered will be greater than or less than the sum of the estimated Proved plus Probable Reserves |
| PROSPECT |
potential drilling target that is well defined, usually by seismic data |
| PROSPECTIVE RESOURCES |
those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations |
| PSA OR PSC |
production sharing agreement or production sharing contract |
| RPS RPS |
Energy Consultants Limited |
| SAHARA |
Sahara Oil Services Limited |
| SAHARA OIL |
Sahara Oil Services Holdings Limited |
| SHORELINE |
Shoreline Natural Resources Limited |
| SHORELINE POWER |
Shoreline Power Company Limited |
| SPA |
Sale and Purchase Agreement |
| TCF |
trillion cubic feet |
| TSR |
Total Shareholder Return |
| TSX |
Toronto Stock Exchange |
| TULLOW |
Tullow Uganda Limited |
| URA |
Uganda Revenue Authority |
| UGANDAN ASSETS HOGL’s |
50% interests in Blocks 1 and 3A in Uganda |
| WTI |
West Texas Intermediate |