Glossary

Adamantine

Adamantine Energy (Kenya) Limited, the current operator of, and holder of a 50% participating interest in block 11B

AIM

the market of that name operated by the London Stock Exchange

AODL

Africa Onshore Drilling LDC, a wholly-owned subsidiary of Africa Fortesa Corp Ltd, and the entity which has entered into the rig contract with Bowleven with respect to the Bomono Permit

bbls/mmscf

barrels per million standard cubic feet of gas

bcpd

barrels of condensate per day

Block 11B

the production sharing contract between the Republic of Kenya, Adamantine Energy (Kenya) Limited and Bowleven (Kenya) Limited, dated 30 May 2012, in respect of the area of approximately 14,287 km² onshore Kenya and designated as block 11B; or, as the context may require, the contract area to which this production sharing contract relates

boepd

barrels of oil equivalent per day

Bomono Permit

the production sharing contract between the Republic of Cameroon and EurOil, dated 12 December 2007, in respect of the area of approximately 2,328km² comprising former blocks OLHP-1 and OLHP-2 onshore Cameroon; or, as the context may require, the contract area to which that production sharing contract relates

BOPD or bopd

barrels of oil per day

Bowleven

Bowleven plc (LSE: BLVN) and/or its subsidiaries as appropriate

CAMOP

Cameroon Offshore Petroleum S.A.R.L., the holder of a 20% non-operated participating interest (post State back-in) in the Etinde Permit and an affiliate of NewAge

Company

Bowleven plc

EEAA

Etinde Exploitation Authorisation Application 

Etinde Permit

the Etinde Exploitation Authorisation (EA) Area. The Etinde EA, granted on 29 July 2014, covers an area of approximately 461km² (formerly block MLHP-7) and is valid for an initial period of 20 years

EurOil

EurOil Limited, an indirectly wholly owned subsidiary of the Company, incorporated in Cameroon

FEED

front end engineering and design

Ferrostaal

Ferrostaal GmbH, a global provider of industrial services in plant construction and engineering services, headquartered in Essen, Germany

FID

final investment decision 

First Oil

First Oil plc is a private UK independent exploration and production company based in Aberdeen

Fortesa Corp Ltd

Africa Fortesa Corp Ltd, the entity which entered into a farm-in arrangement with Bowleven with respect to the Bomono Permit which has now subsequently lapsed

FTG

full tensor gravity gradiometry

GDF

GDF Suez S.A.

Group

the Company and its direct and indirect subsidiaries

GSA

gas sales agreement

HSSE

Health, safety, security and environment

ID

the Isongo D Field, block MLHP-7, Etinde Permit

IE

the Isongo E Field area, block MLHP-7, Etinde Permit

IF

the Isongo F Field area, block MLHP-7, Etinde Permit

IM

the Isongo Marine Field area, block MLHP-7, Etinde Permit

km

kilometres

km²

square kilometres

LNG

liquefied natural gas

LUKOIL

LUKOIL Overseas West Project Ltd, a subsidiary undertaking of OAO LUKOIL

m

million

m

metres

MD

measured depth

mmboe

million barrels of oil equivalent

mmscfd

million standard cubic feet of gas per day, a gas production rate referenced to a defined set of standard temperature and pressure conditions

MOU

memorandum of understanding

NewAge

New Age (African Global Energy) Limited[, the parent undertaking of CAMOP]

NGLs

natural gas liquids, being liquid hydrocarbons found in association with natural gas.

Ordinary Shares

ordinary shares of 10p each in the capital of the Company 

P10

P10 10% probability that volumes will be equal to or greater than stated volumes

P50

50% probability that volumes will be equal to or greater than stated volumes

P90

90% probability that volumes will be equal to or greater than stated volumes

Pre-FEED

preliminary front end engineering design

PSC

production sharing contract

SNH

Société Nationale des Hydrocarbures, the national oil and gas company of Cameroon

Sproule

Sproule International Limited

Stage 1 Development

the initial development of the Etinde Permit to be contained in the corresponding field development plan agreed at FID, currently envisaged to be the offshore development of the IE/ID and IM fields in block MLHP-7 and including export line to shore, onshore processing facilities and NGLs plant.

TD

total depth

$

United States of America Dollars

2D

two dimensional

3D

three dimensional

4C OBC

four component ocean bottom cable

£

Great Britain Pounds Sterling