The Corporations Act 2001 (Cth) for the time being in force together with the regulations of the Corporations Act.
Advisors
These people or organisations include current operators of wells, geologists and petroleum engineers that consult to the Company and Sterling Energy
Applicant
A person who has completed and lodged an application form (included in or accompanied by this Prospectus) and has paid the Application Money.
Application Money
The money paid by an Applicant for Shares.
Arkoma Basin
An area of land that stretches from eastern Oklahoma into western Arkansas.
ASIC
The Australian Securities and Investments Commission.
AUD or $ or AU$
Means one Australian dollar.
Bbl
Is a barrel of oil which is the unit of measurement for oil production.
Belle
Belle Exploration Inc.
BCF
Billion Cubic Feet
Board
The board of directors of the Company.
BOPD
Barrels of oil per day.
Closing Date
## March 2003 being the date the Directors expect to close this offer. Please note the offer may be closed early or extended at the discretion of the Directors.
Coal Bed Methane (CBM)
Natural Gas in its purest form (Methane) that is extracted from coal beds.
Commercial well
Is a reference to a well that produces sufficient quantities of oil or natural gas to meet all operating expenses of the project and supply a net operating income.
Commissions
Means an amount payable of 5% of funds raised under this Prospectus to licensed advisors and professionals.
Company
Genesis Energy Pty Limited.
Commercially Productive
Amount of oil and/or natural gas production to cover all and any operating expenses of the project supply revenue to the participants.
Constitution
The document establishing the Company and governing the relationship between Shareholders.
Conventional Natural Gas Well
Gas from a vertically drilled natural gas well up to a depth of 8,000 feet.
Decline Rate
The rate at which production from a well is expected to decline from year to year.
Director
A director of the Company.
Dry Hole
A well that produces no oil or gas or does not produce it in sufficient quantities to be classed as a commercial well.
Electronic Transfer
Transfer funds from one account to another through your banks internet service by using the BSB and Account number of the account you wish to transfer to.
Executive Directors
The Directors nominated to be the Executive Directors of the Company as contained within the Constitution of the Company.
Fees
Means an amount payable of 4% of funds raised under this Prospectus to Sterling Energy Pty Limited ACN 101 085 321 to facilitate the Company’s international relationship with drillers and operators in the United States of America.
Licensed Authorized Representative
Any person licensed under a financial services license holder or responsible entity and authorized to sell Shares in the Company.
LLC
Limited Liability Company
Management Agreement
The agreement between Sterling Energy and the Company under which Sterling Energy agrees to manage the affairs of the Company.
Manager
Sterling Energy Proprietary Limited ACN 101 085 321.
Mcf
Is a unit used to measure quantities of natural gas. It literally means “thousand cubic feet”.
Mcf/d
Is a unit used to measure production from a well on a per day basis. It literally means “thousand cubic feet per day”.
MCFM
Thousand Cubic Feet per Month.
Model Form Operating Agreement or MFOA
The Model Form Operating Agreement summarised in Section. 2.4
MFOA participant
Means in the case of an outright ownership the Company in the case of a partial ownership the Company and other participants.
Non-Executive Directors
The Directors nominated to be the Non-Executive Directors of the Company as contained within the Constitution of the Company.
Offer
The offer under this Prospectus to acquire Shares.
Operator
Means either Orion Exploration LLC (in the case of the Arkoma Basin) or Munoco Company LC (in the case of the Wilcox Basin) who are the parties responsible for the day-to-day operation of the project sites that are the subject of the MFOA.
Production Quarter
Defined as any one of the following timeframes, January through to March,
April through to June, July through to September and October through to
December of each year.
Production Month
Any single month within a Production Quarter. By way of example the Production
Month’s within the Production Quarter of January through to March are; January,
February and March.
Projects
Means the acquiring of the lease holding acreage in order to explore, drill and make oil, natural gas or CBM wells commercially productive.
Project Area
Means the land lease on which the operator is drilling.
Prospectus
This Prospectus, or any supplementary or replacement Prospectus or other disclosure document as defined in the Act, issued by the Company.
USA
United States of America
Share
A G-Class share in the capital of the Company.
Shareholder
A person or entity that has acquired and holds Shares in the Company.
Stacked pay zone
A single well drilled with two or more commercially productive oil or natural gas formations.
Sterling Energy
Sterling Energy Proprietary Limited ACN 101 085 321.
Subscription
Application Money in whole or in part that is made for the issue of Shares
