HOME ABOUT US OPERATIONS NEWS INVESTORS AGM CONTACT GLOSSARY OF TERMS AECO The AECO “C” spot price, which is the Alberta gas trading price, has become one of North America’s leading price-setting benchmarks. Ac Acre(s) AGM Annual General Meeting AIF Annual Information Form API An American Petroleum Institute measure of specific gravity ASP Alkaline Surfactant Polymer – “water flooding” B billion(s) bbl/d barrel(s) per day Bcf billion cubic feet (natural gas) Bcfe billion cubic feet equivalent boe barrel(s) of oil equivalent boe/d barrel(s) of oil equivalent per day bopd barrel(s) of oil per day bwpd barrel(s) of water per day Btu British thermal unit; a measure of the energy required to raise the temperature of one pound of water by one degree Fahrenheit. C$ Canadian dollar CAPEX Capital expenditure CO2 Carbon dioxide D Darcy DCET Drill case equipment tie-in E&E Exploration and Evaluation EOR Enhanced oil recovery F&D Finding and Development FD&A Finding Development and Acquisition G&A General and Administrative GAAP Generally Accepted Accounting Principles GLJ GLJ Petroleum Consultants GORR Gross overriding royalty GJ Gigajoule; one billion joules Ha Hectare(s) HZ Horizontal drilling HF Hydraulic fracturing IFRS International Financial Reporting Standards IRR Internal rate of return $k thousand(s) of dollars km kilometre(s) LIBOR London Interbank Offered Rate Liquids oil natural gas liquids (LNG) and condensates LNG Liquefied Natural Gas m metre(s) mD mili darcy M thousand(s) M&A Mergers and Acquisitions Mcf thousand cubic feet Mcf/d thousand cubic feet per day Mbbl/d thousand barrel(s) per day Mboe/d thousand barrel(s) of oil equivalent per day $MM million(s) of dollars MM million(s) MMbbl million barrel(s) MMboe million barrel(s) of oil equivalent MMbtu million British thermal unit(s) MMcf million cubic feet MMcf/d million cubic feet per day MMcfe/d million cubic feet equivalent per day NGL Natural Gas Liquid(s) NI National Instrument NPV Net present value NYMEX New York Mercantile Exchange OGIP Original gas in place OOIP Original oil in place OPEC Organization of Petroleum Exporting Countries OPEX Operations expense OPINC Operating income ORRI Overriding royalty interest P+P Proved plus probable reserves PDP Proved developed producing PP&E Property plant and equipment PV Present value RLI Reserve life index ROI Return on investment SEC US Securities and Exchange Commission TSX Toronto Stock Exchange Tcf trillion cubic feet US United States of America US$ United States dollar WI Working interest WTI West Texas Intermediate WCSB Western Canada Sedimentary Basin Examples: US$ 20MM – twenty million dollars US $20MM – twenty million dollars $20k – twenty thousand dollars 20 Mboe/d – twenty thousand barrels of oil equivalent per day 20 MMboe/d – twenty million barrels of oil equivalent per day 20 Mcf/d – twenty thousand cubic feet per day 20 MMcf/d – twenty million cubic feet per day TSX:JOY Latest Price: $1.62 Change: $-0.12 (-6.90%) Volume: 104,851 TERMS OF REFERENCE Glossary of terms Legal Privacy Sitemap CAREERS The journey is as important as the destination GET IN TOUCH Suite 700, 517 10th AVE SW Calgary, AB T2R 0A8 Canada Email: info@journeyenergy.ca Telephone: 1 403 294 1635 Field Emergency: 1 866 514 0030 © Journey Energy Inc | All rights reserved