‘‘Dry hole’’ . . . . . . . . . . . . . . . . . . . . A well that has not encountered a hydrocarbon bearing reservoir expected to produce in commercial quantities. ‘‘EBITDAX’’ . . . . . . . . . . . . . . . . . . . Net income (loss) plus (i) exploration expense, (ii) depletion, depreciation and amortization expense, (iii) equity-based compensation expense, (iv) unrealized (gain) loss on commodity derivatives (realized losses are deducted and realized gains are added back), (v) (gain) loss on sale of oil and gas properties, (vi) interest (income) expense, (vii) income taxes, (viii) loss on extinguishment of debt, (ix) doubtful accounts expense and (x) similar other material items which management believes affect the comparability of operating results. The Facility EBITDAX definition includes 50% of the EBITDAX adjustments of Kosmos-Trident International Petroleum Inc. ‘‘E&P’’ . . . . . . . . . . . . . . . . . . . . . . . Exploration and production. ‘‘FASB’’ . . . . . . . . . . . . . . . . . . . . . . Financial Accounting Standards Board. ‘‘Farm-in’’ . . . . . . . . . . . . . . . . . . . . . An agreement whereby a party acquires a portion of the participating interest in a block from the owner of such interest, usually in return for cash and for taking on a portion of the drilling costs of one or more specific wells or other performance by the assignee as a condition of the assignment. ‘‘Farm-out’’ . . . . . . . . . . . . . . . . . . . . An agreement whereby the owner of the participating interest agrees to assign a portion of its participating interest in a block to another party for cash and/or for the assignee taking on a portion of the drilling costs of one or more specific wells and/or other work as a condition of the assignment. ‘‘Field life cover ratio’’ . . . . . . . . . . . . The ‘‘field life cover ratio’’ is broadly defined, for each applicable forecast period, as the ratio of (x) the forecasted net present value of net cash flow through depletion plus the net present value of the forecast of certain capital expenditures incurred in relation to the Ghana and Equatorial Guinea assets, to (y) the aggregate loan amounts outstanding under the Facility. ‘‘FPSO’’ . . . . . . . . . . . . . . . . . . . . . . Floating production, storage and offloading vessel. ‘‘Interest cover ratio’’ . . . . . . . . . . . . . The ‘‘interest cover ratio’’ is broadly defined, for each applicable calculation date, as the ratio of (x) the aggregate EBITDAX (see above) of the Company for the previous twelve months, to (y) interest expense less interest income for the Company for the previous twelve months. ‘‘Loan life cover ratio’’ . . . . . . . . . . . . The ‘‘loan life cover ratio’’ is broadly defined, for each applicable forecast period, as the ratio of (x) net present value of forecasted net cash flow through the final maturity date of the Facility plus the net present value of forecasted capital expenditures incurred in relation to the Ghana and Equatorial Guinea assets, to (y) the aggregate loan amounts outstanding under the Facility. 4