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Download Glossary - Tap Oil
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Glossary 3D seismic seismic recorded along many closely spaced traverses and processed to form a three dimensional view of the subsurface AUD, A$ or $ Australian dollars AGM Annual General Meeting ASX Australian Securities Exchange Limited bbls barrel of oil, 42 US gallons, 35 imperial gallons, 5.615 cubic feet, 159 litres Bcf billion (1,000,000,000) cubic feet Board the Board of Directors of the Company BOE or boe barrels of oil equivalent BOPD or bopd barrels per day (oil and condensate) CEO Chief Executive Officer Constitution the constitution of the Company Contingent (2C) Resources those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations but which are not currently considered to be commercially recoverable Director a director of the Company EBITDA earnings before interest, tax, depreciation and amortisation EBITDAX earnings before interest, tax, depreciation, amortisation and exploration expense EPS earnings per share FID Final Investment Decision Financial Year the 12 months ending 31 December FPSO Floating Production, Storage and Offtake Vessel FSO Floating Storage Offloading Group Tap and its subsidiaries HJV Harriet Joint Venture comprising Apache Northwest Pty Ltd, Kufpec Australia Pty Ltd and Harriet (Onyx) Pty Ltd (formally Tap (Harriet) Pty Ltd) Hydrocarbons oil, condensate and natural gas km Kilometres km 2 square kilometres LNG liquefied natural gas mmbbls million barrels mmboe million barrels of oil equivalent mmstb million stock tank barrels NPAT net profit/loss after tax PJ petajoules (10 joules); 1,000 TJ prospect a geological feature in the subsurface which is a potential trap for petroleum and is sufficiently defined for drilling PRRT Petroleum Resource Rent Tax Report this Annual Report Reserves hydrocarbon reserves as that term is defined in the ASX Listing Rules Tap or the Company Tap Oil Limited (ABN 89 068 572 341) TJ Terajoules (10 joules); 1,000 Gigajoules Tcf trillion (1,000,000,000,000) cubic feet, 1,000 Bcf USD or US$ United States dollars Woollybutt the Woollybutt Joint Venture comprising Eni Australia Limited, Mobil Australia Resources Co Pty Ltd and Tap West Pty Ltd 15 12 Tap Oil 2013 Annual Report Page 18
