An exploration, appraisal or development well that has successfully penetrated a hydrocarbon accumulation and has subsequently been prepared so that hydrocarbons can flow to the surface to be processed and sold.

United states dollars.

Sub Menu

A

A well that is being drilled into a discovered hydrocarbon accumulation to further understand the extent and size of the accumulation – usually denoted by “name-2”, “name-3” etc.  

Australian Dollars

An oil field unit of volume.  One barrel at standard conditions equals 158.9 litres.

Billions of standard cubic feet of gas. Equivalent to 1,000,000,000 standard cubic feet (nine zeros).

a measurement of the diameter of a well.

Cash in bank accounts, term deposits and bank discounted bills of exchange that are held by the company. The most liquid of assets.