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Aeromagnetic Survey
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A programme whereby the magnetic character of the rocks is measured by an airborne instrument
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Anticline
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A convex upwards fold in rocks.
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ASX
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Australian Stock Exchange Limited
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AVO
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Amplitude versus offset - a seismic processing method that is used to detect hydrocarbons
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Basement
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Unprospective rocks generally underlying a sedimentary basin
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Basin
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A depression of large size in which sediments have accumulated
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Bbl
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Barrel, a measure of volume equal to 42 US gallons
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Bcf
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Billion cubic feet
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BOE
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Barrel of oil equivalent, gas is converted to boe by dividing the mcf of gas by 6.
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Bopd
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Barrels of oil per day
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Bwpd
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Barrels of water per day
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Compression
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Earth movement resulting from crustal shortening
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Cretaceous
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A period of geological history about 65 to 141 million years ago
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Farmout Agreement
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An agreement by which an interest is assigned and/or transferred in an exploration or production permit to an incoming participant whereby that participant earns that interest by funding all or part of the exploration and development costs of the permit
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Fault
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A displacement in rocks whereby rocks have moved relative to each other
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Fluorescence
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A glowing effect from UV light indicative of hydrocarbon shows
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Fluvial
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Derived from river action
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Flysch
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A poorly sorted sediment that has been deposited in a rapidly subsiding basin
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Formation
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The primary unit based on the physical features of rock strata consisting of a succession of rocks and is a term useful for mapping or description
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Graben
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A region of sedimentary section that is laterally bound by down to the basin faults
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Horst
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An uplifted structure with its lateral boundaries controlled by normal faults
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JOA
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Joint Operating Agreement
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L&M Petroleum
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L&M Petroleum Limited ARBN 122 323 871
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Lime and Marble
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Lime and Marble Limited (CN 166586) a company incorporated in New Zealand on 3 July 1939
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m
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Metre/Metres
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mcf
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one thousand cubic feet
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md
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Millidarcy - a measure of permeability being the ability of a fluid to pass through rock
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mj/cm
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Megajoule per cubic metre
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mmbbls
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One million barrels
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NZSX
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New Zealand Stock Market operated by NZX
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NZX
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New Zealand Exchange Limited
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NZSC
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New Zealand Securities Commission, established under the Securities Act 1978 of New Zealand
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PEP
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A New Zealand petroleum exploration permit granted to L&M Petroleum under the Crown Minerals Act 1991
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PJ
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One petajoule
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Porosity
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Pore space between grains in a rock expressed as a percentage of rock volume
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Prospect
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An undrilled trap outlined with adequate geological and geophysical control
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Reservoir
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A pervious and porous rock capable of containing hydrocarbons
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Seal
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An impermeable rock that prevents the passage of hydrocarbons
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Share Registrar
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Computershare Investor Services Pty Limited ABN 48 078 279 277 or Computershare Investor Services Limited
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Shares
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Fully paid ordinary shares in the Company
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Solander Basin
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Means a depression of large size in which sediments have accumulated offshore the Western Southland region of the South Island of New Zealand due west of Stewart Island
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Te Anau Basin
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A depression of large size in which sediments have accumulated in the Te Anau area of the Western Southland region of the South Island of New Zealand
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Tertiary
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A period of geological time between 1 and 65 million years ago
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TOC
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Total Organic Carbon
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Trap
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A body of reservoir rock, vertically or laterally sealed, the attitude of which allows it to retain hydrocarbons
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Turbidite
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A sediment deposited by water based current in deep oceans
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Unconformity
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An absence in parallelism between juxtaposed rocks caused by uplift, erosion or a break in sedimentation
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Waiau Basin
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A depression of large size in which sediments have accumulated in the Western Southland region of the South Island of New Zealand, north west of Invercargill
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Waiau JOA
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The Joint Operating Agreement dated 30 August 2006 entered into by the Company and Mighty River Power Limited (MRP) in relation to the whole of PEP 38226
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Waiau Programme I
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The exploration drilling programme described in the Option and Farmout Agreement comprising principally of the drilling of the Eastern Bush #1 Well
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Waiau Programme II
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The exploration drilling programme described in the Option and Farmout Agreement comprising principally of the drilling of the second deep well in Waiau Permit
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Western Southland Basin
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A depression of large size in which sediments have accumulated in the Western Southland region of the South Island of New Zealand which comprises the Te Anau Basin, Waiau Basin, Solander Basin, Waitutu Basin, Balleny Basin and the Puysegur Basin.
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L&M Petroleum © 2009.