b'Loan life cover ratio . . . . . . . . . . . . The loan life cover ratio is broadly defined, for eachapplicable forecast period, as the ratio of (x) net present valueof forecasted net cash flow through the final maturity date ofthe Facility plus the net present value of forecasted capitalexpenditures incurred in relation to the Ghana and EquatorialGuinea assets, to (y) the aggregate loan amounts outstandingunder the Facility.LNG . . . . . . . . . . . . . . . . . . . . . . Liquefied natural gas.MBbl . . . . . . . . . . . . . . . . . . . . . . Thousand barrels of oil.MBoe . . . . . . . . . . . . . . . . . . . . . . Thousand barrels of oil equivalent.Mcf . . . . . . . . . . . . . . . . . . . . . . . Thousand cubic feet of natural gas.Mcfpd . . . . . . . . . . . . . . . . . . . . . . Thousand cubic feet per day of natural gas.MMBbl . . . . . . . . . . . . . . . . . . . . . Million barrels of oil.MMBoe. . . . . . . . . . . . . . . . . . . . . Million barrels of oil equivalent.MMBtu . . . . . . . . . . . . . . . . . . . . . Million British thermal unitsMMcf . . . . . . . . . . . . . . . . . . . . . . Million cubic feet of natural gas.MMcfd . . . . . . . . . . . . . . . . . . . . . Million cubic feet per day of natural gas.Natural gas liquid or NGL . . . . . . Components of natural gas that are separated from the gasstate in the form of liquids. These include propane, butane,and ethane, among others.Petroleum contract . . . . . . . . . . . . . A contract in which the owner of hydrocarbons gives an E&Pcompany temporary and limited rights, including an exclusiveoption to explore for, develop, and produce hydrocarbonsfrom the lease area.Petroleum system . . . . . . . . . . . . . . A petroleum system consists of organic material that has beenburied at a sufficient depth to allow adequate temperatureand pressure to expel hydrocarbons and cause the movementof oil and natural gas from the area in which it was formed toa reservoir rock where it can accumulate.Plan of development or PoD . . . . A written document outlining the steps to be undertaken todevelop a field.Productive well . . . . . . . . . . . . . . . . An exploratory or development well found to be capable ofproducing either oil or natural gas in sufficient quantities tojustify completion as an oil or natural gas well.Prospect(s) . . . . . . . . . . . . . . . . . . A potential trap that may contain hydrocarbons and issupported by the necessary amount and quality of geologicand geophysical data to indicate a probability of oil and/ornatural gas accumulation ready to be drilled. The five requiredelements (generation, migration, reservoir, seal and trap) mustbe present for a prospect to work and if any of these failneither oil nor natural gas may be present, at least not incommercial volumes.5'