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Abbreviations and Definitions

bbl barrel
bbls barrels
bbls/d barrels per day
bcf billion cubic feet
boe barrels of oil equivalent
boe/d barrels of oil equivalent per day
C$ Canadian dollars
DBRS Dominion Bond Rating Service
Gj gigajoules
LNG Liquified Natural Gas
mbbls/d thousand barrels per day
mboe thousand barrels of oil equivalent
mboe/d thousand barrels of oil equivalent per day
mcf thousand cubic feet
mcf/d thousand cubic feet per day
mmbbls million barrels
mmbbls/d million barrels per day
mmboe million barrels of oil equivalent
mmbtu million British thermal units
mmcf million cubic feet
mmcf/d million cubic feet per day
Moody's Moody's Investor Service
NGL Natural Gas Liquids
NGO non government organization
NYMEX New York Mercantile Exchange
NYSE New York Stock Exchange
PSC Production Sharing Contract
S&P Standard & Poor's Ratings Group
SEC Securities and Exchange Commission
tcf trillion cubic feet
TSX Toronto Stock Exchange
UK United Kingdom
US United States of America
US$ United States dollar
WTI West Texas Intermediate

Gross acres means the total number of acres in which Talisman has a working interest. Net acres means the sum of the fractional working interests owned in gross acres expressed as whole numbers and fractions thereof.

Gross production means Talisman’s interest in production volumes (through working interests, royalty interests and net profit interests) before the deduction of royalties. Net production means Talisman’s interest in production volumes after deduction of royalties payable by Talisman.

Gross wells means the total number of wells in which the Company has a working interest. Net wells means the sum of the fractional working interests owned in gross wells expressed as whole numbers and fractions thereof.

Imperial   Metric
1 ton = 0.907 tonnes
1 acre = 0.40 hectares
1 barrel = 0.159 cubic metres
1 cubic foot = 0.0282 cubic metres

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