Baytex Announces Fourth Quarter and Full Year 2023 Financial and | The Kingston Whig Standard thewhig.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thewhig.com Daily Mail and Mail on Sunday newspapers.
(1)
The terms adjusted funds flow , exploration and development expenditures , net debt and operating netback do not have any standardized meaning as prescribed by Canadian Generally Accepted Accounting Principles ( GAAP ) and therefore may not be comparable to similar measures presented by other companies where similar terminology is used. See the advisory on non-GAAP measures at the end of this press release.
(2)
Barrel of oil equivalent ( boe ) amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil. The use of boe amounts may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.