Glossary

API

Degrees API, a standard measure of oil density defined by the American Petroleum Institute

bbl

Barrel

Bcf or bcf

Billion cubic feet

BERR

Business, Enterprise and Regulatory Reform

bfpd

Barrels of fluid per day

boepd

Barrels of oil equivalent per day

bopd

Barrels of oil per day

BMB

Barnówko-Mostno-Buszewo (western Poland field complex)

CEL

Celtique Energie Ltd

CEPL

Celtique Energie Petroleum Ltd

C&EMT

Crisis and Emergency Management Team

CSR

Corporate Social Responsibility

DTI

Department of Trade and Industry (United Kingdom)

EBN

Energie Beheer Nederland

EU

European Union

EURIBOR

Euro Interbank Offered Rate

GBP

British Pound

HSE

Health, Safety and the Environment

IFRS

International Financial Reporting Standard

LIBOR

London Interbank Offered Rate

LMG

Lubiatów-Międzychód-Grotów (western Poland field complex)

LNG

Liquefied natural gas

LTI

Lost Time Incident

m

Metres

Majors

Major oil companies (BP, Exxon/Mobil, Chevron/Texaco, Shell, Total)

mbopd

Thousands of barrels of oil per day

mm

Million

mmbbl or mmbls

Million barrels

mmboe

Millions of barrels of oil equivalent

mmscfd

Millions of standard cubic feet per day

mscf

Thousands of standard cubic feet

p

Penny or pence Sterling

PEDL

Production Exploration Development Licence

PGNiG

Polskie Górnictwo Naftowe i Gazownictwo (Polish oil and gas exploration & production company)

PSC

Production Sharing Contract

SORP

Statement of Recommended Practice

sq kms

Square kilometres

TCF or tcf

Trillion cubic feet

TVDss

True Vertical Depth subs sea

$ or $US

US Dollar