51-324 - Glossary to NI 51-101 Standards of Disclosure for Oil and Gas Activities [CSA Staff Notice - Lapsed]

Section 1.1 of National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101) defines a number of terms used in NI 51-101, Form 51-101F1, Form 51-101F2, Form 51-101F3 and Companion Policy 51-101CP.   Section 1.2 of NI 51-101 provides that terms used in the Instrument but not defined in the Instrument, National Instrument 14-101 Definitions (NI 14-101) or the securities statute in the jurisdiction have the meaning or interpretation, if any, set out in the COGE Handbook.

Part 1 of this Glossary explains much of the terminology used in NI 51-101 and its accompanying documents.  It is provided only as a convenience to users of NI 51-101, to assist them in better understanding the purpose and application of NI 51-101. Part 2 of the Glossary focuses on the definition of reserves and is derived from Section 5 of Volume 1 of the COGE Handbook.

The explanations in Part 1 of this Glossary are derived from a number of sources, including section 1.1 of NI 51-101, NI 14-101 and the COGE Handbook.  Where applicable, the source document for the explanation is indicated in square brackets after the explanation (even if the explanation is not verbatim to the source document).  These explanations may change from time to time.  Readers are cautioned to consult a current edition of the source document for updated explanations.