Glossary
GLOSSARY OF ABBREVIATIONS
| AECO |
Alberta Energy Company interconnect |
mcf |
thousand cubic feet |
|
with the Nova System |
mcf/day |
thousand cubic feet per day |
| Bbls |
barrels |
MMBTU |
million British Thermal Units |
| bbls/day |
barrels per day |
Mmcf |
million cubic feet |
| bcf |
billion cubic feet |
RLI |
reserve life index |
| boe* |
barrels of oil equivalent |
TSX |
Toronto Stock Exchange |
| boe/day* |
barrels of oil equivalent per day |
WTI |
West Texas Intermediate at Cushing, |
| Mbbls |
thousand barrels |
|
Oklahoma |
| Mboe* |
thousand barrels of oil equivalent |
* 6 mcf of gas = 1 barrel of oil |
Progress Energy Resources Corp., or "Progress", was formed in January 2009 through the business combination of Progress Energy Trust and ProEx Energy Ltd. Progress's strategy focuses on growing reserves, production and cash flow while paying a dividend to shareholders. Progress trades on the Toronto Stock Exchange under the symbol PRQ.