GLOSSARY OF TERMS
                              
      The  following glossary of commonly used terms in  the
oil and gas industry is being provided for ease of reference
and convenience purposes only.

"area  of mutual interest" or "AMI" - An agreement by  which
parties attempt to describe a geographical area within which
they  agree to share certain existing and additional  leases
acquired by any of them in the future.

"APO/BPO" - After payout/before payout.

"Btu/MMBtu"  -  British  Thermal Units,  a  measure  of  the
heating value of fuel.  MMBtu stands for one million Btu.

"Bbls/MBbls" - A Bbl. or barrel is 42 U.S. gallons of  crude
oil  or condensate measured at 60 degrees Fahrenheit.  MBbls
stands for one thousand Bbls.

"carried interest" - A fractional working interest in an oil
and  gas  lease, the holder of which is carried and  has  no
liability   for  a  portion  or  all  of  the   attributable
development  and operating costs. The person  advancing  the
costs is the carrying party; the other is the carried party.

"casing point" - The time when the operator recommends  that
a  completion attempt be made, or when the well  is  plugged
and abandoned without a completion attempt being made.

"choke/choke  size" - A pipe section having an  orifice  for
restricting and controlling the flow of oil and gas.   Choke
size  is  the orifice diameter and is commonly expressed  in
64ths of an inch.

"continuous  drilling"  -  A  lease  clause  providing  that
drilling  of  another well be commenced within  a  specified
time  after completion of the preceding well.  As a  general
rule,  if this is not done, all undeveloped acreage must  be
released.

"development" - The drilling of a well within the productive
area  of an oil or gas reservoir, as indicated by reasonable
interpretation  of  available  data,  with  the  object   of
completing the well in that reservoir.

"exploration"   -   Operations  conducted   in   search   of
undiscovered oil, gas and/or condensate.

"farmout/farmin" - An agreement providing for assignment  of
a  lease.   A  typical characteristic of a  farmout  is  the
obligation of the assignee to conduct drilling operations on
the assigned acreage as a pre-requisite to completion of the
assignment.  The assignor will usually reserve some type  of
interest in the lease.  The transaction is characterized  as
a farmout to the assignor and farmin to the assignee.

"field"  - An area within a lease or leases where production
of oil, gas and/or condensate has been established and which
has   been  so  designated  by  the  appropriate  regulatory
authority.

"gathering facilities" - Pipelines and other facilities used
to  collect gas from various wells and bring it by  separate
and  individual  lines  to  a  central  point  where  it  is
delivered into a single line.

"gathering gas" - The first taking or the first retaining of
possession of gas for transmission through a pipeline, after
the severance of such gas, and after the passage of such gas
through  any  separator, drip, trap or  meter  that  may  be
located at or near the well. The act of collecting gas after
it has been brought from the earth.

"gathering line" - Pipes used to transport oil or  gas  from
the lease to the main pipeline in the area.  In the case  of
oil,  the  lines run from the lease tanks to a central  pump
station at the beginning of the main pipeline.  In the  case
of  gas,  the flow is continuous from the well head  to  the
ultimate  consumer,  since gas cannot be  stored.  Gathering
lines collect gas under fluctuating pressures which are then
regulated   by  regulating  stations  before  the   gas   is
introduced into trunk or transmission lines.

"gathering  system" - The gathering lines, pumps,  auxiliary
tanks (in the case of oil), and other equipment used to move
oil  or  gas  from  the well site to the main  pipeline  for
eventual  delivery to the refinery or consumer, as the  case
may  be.   In the case of gas, the gathering system includes
the  processing plant (if any) in which the gas is  prepared
for the market.

"gross/net"  -  The term "gross" is used when  reference  is
made,  for  example, to the total acreage of a  lease.   The
term  "net"  is used when reference is made to  the  working
interest  or  net  revenue  interest  in  a  lease  of   one
particular leaseholder.  The same term may be applied  to  a
leaseholder's interest in reserves and/or production from  a
lease.

"held  by  production" or "HBP" - A provision in a lease  to
the effect that such lease will be kept in force as long  as
there is production from the lease in paying quantities.

"lease  bonus"  -  A  cash payment by  the  lessee  for  the
execution of an oil and gas lease by the mineral owner.

"lease" or "leasehold" - An interest for a specified term in
property allowing for the exploration for and production  of
oil, gas and/or condensate.

"log"  -  A record of the formations penetrated by  a  well,
from  which their depth, thickness, rock properties and  (if
possible) contents may be obtained.

"Mcf/MMcf/Bcf" - Mcf stands for one thousand cubic  feet  of
gas,  measured  at 60 degrees Fahrenheit and at  atmospheric
pressure of 14.7 pounds per square inch. MMcf stands for one
million cubic feet of gas.  Bcf stands for one million Mcf.

"net  revenue interest" or "NRI" - The share of revenues  to
which  the  holder  of a working interest is  entitled  upon
fulfilling   the   obligations,  after  deduction   of   all
royalties,   overriding  royalties   or   similar   burdens,
attributable to his working interest.

"operator"  -  The person or company having the  operational
management  responsibility for the drilling of or production
from any oil, gas and/or condensate well.

"overriding  royalty"  -  A form of royalty,  entitling  the
holder to receive a percentage of oil, gas and/or condensate
produced  from  the  wells  on a  specified  lease,  or  the
revenues arising from the sale thereof, free of all expenses
arising  therefrom, save for production  taxes.   Generally,
the  rights accruing to working interest holders are subject
to  the  rights of overriding royalty holders and any rights
of overriding royalty holders terminate upon cancellation or
reversion of the underlying lease.

"pay"  -  The  geological deposit in which oil,  gas  and/or
condensate is found in commercial quantities.

"payout"  -  Generally, that point in  time,  determined  by
agreement, when a person has recouped his investment in  the
drilling, development, equipping and operating of a well  or
wells.

"permeability" - A measure of the resistance offered by rock
to the movement of fluids through it.

"porosity"  - The volume of the pore spaces between  mineral
grains as compared to the total rock volume.  Porosity is  a
measure of the capacity of rock to hold oil, gas and water.

"prospect"  - One lease comprising, or several leases  which
together  comprise, a geographical area believed to  contain
commercial quantities of oil, gas and/or condensate.

"prospective" - A geographical area or structure believed to
contain commercial quantities of oil, gas and/or condensate.

"proved  developed reserves" - Reserves that can be expected
to   be  recovered  through  existing  wells  with  existing
equipment  and  operating methods and  those  reserves  that
exist  behind the casing of existing wells when the cost  of
making  such reserves available is relatively small compared
to the cost of a new well.

"proved  reserves"  -  Estimated quantities  of  crude  oil,
condensate,  natural  gas,  and  natural  gas  liquids  that
geological  and engineering data demonstrate with reasonable
certainty  to  be  recoverable in future  years  from  known
reservoirs under existing economic and operating conditions,
i.e.,  prices and costs as of the date the estimate is made.
Prices  include consideration of changes in existing  prices
provided  only  by  contractual  arrangements,  but  not  on
escalations based upon future conditions.

"proved  undeveloped reserves" - Reserves that are  expected
to be recovered from new wells on undrilled acreage, or from
existing  wells  where  a relatively  major  expenditure  is
required  for  recompletion.  Reserves on undrilled  acreage
shall   be   limited  to  those  drilling  units  offsetting
productive  units that are reasonably certain of  production
when drilled.  Proved reserves for other undrilled units can
be  claimed only where it can be demonstrated with certainty
that  there  is continuity of production from  the  existing
productive   formation.   Under  no   circumstances   should
estimates for proved undeveloped reserves be attributable to
any  acreage for which an application of fluid injection  or
other  improved  recovery technique is contemplated,  unless
such  techniques have been proved effective by actual  tests
in the areas and in the same reservoir.

"psig" - Pounds per square inch, gauge.

"rental  payment" - A sum of money payable to the lessor  by
the  lessee  for the privilege of deferring the commencement
of  drilling  operations or the commencement  of  production
during the primary term of the lease.

"reserves"  -  The  estimated  value  of  oil,  gas   and/or
condensate which is economically recoverable.  Reserves  may
be   categorized  as  proved,  proved  developed  or  proved
undeveloped.

"reservoir"   -   A  porous,  permeable,  sedimentary   rock
containing   commercial  quantities  of  oil,   gas   and/or
condensate.

"salt  dome"  - A mass or plug of salt which has  pushed  or
domed up sedimentary beds around it; this type structure  is
favorable to oil and gas accumulation.

"sand"  -  A  sedimentary  rock consisting  mostly  of  sand
grains.

"shut-in royalty" - A payment made when a gas well,  capable
of producing in paying quantities, is shut-in for lack of  a
market for the gas.

"structure" - A configuration of subsurface rock  formations
considered,  on  the  basis  of geological  or  geographical
interpretation, to be capable of containing a reservoir.

"target  depth" - The primary geological formation or  depth
identified  in an agreement applicable to the relevant  well
or wells.

"test well" - An exploratory well.

"tight  formation" - A zone of relatively  low  permeability
and thus low well productivity.  Wells in such zones usually
require  fracturing  or  other stimulation.  Typically,  the
productive capacity of a new well completed in a tight  zone
declines   rapidly  for  several  months  or  longer   after
completion.

"working interest" or "WI" - An interest in a lease carrying
the   obligation  to  bear  a  proportion  of  drilling  and
operating costs and the right to receive a proportion of the
production or gross revenues attributable thereto.

"workover"  -  Remedial  operations  on  a  well  with   the
intention of restoring or increasing production.