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.

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Australian Dollars

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

earnings before interest, tax, depreciation, amortization and exploration. EBITDAX is an indicator of the raw earning power of the company – essentially net production revenue minus corporate costs.

measure of the resistivity of rock formations down a well which leads to determination of the rock types.

This is the legal instrument that allows an oil company to hold tenure or title to an area of ground and to explore for hydrocarbons.

the rock record of any sedimentary environment, including both physical and organic characters.