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The vocabulary that separates the pros from the amateurs.
Oil Initially In Place (OIIP) is the total amount of oil that is estimated to be in a reservoir. It is calculated by multiplying the area of the reservoir by the thickness of the oil column and the po...
Acquisition cost is the total cost of acquiring an asset, including the purchase price and any costs associated with making the asset ready for use. For example, if you buy a car, the acquisition cost...
An advance payment is a sum of money that is paid before the goods or services are delivered. It is also known as a down payment or a deposit. Advance payments are often used in business transactions,...
The MFE is a metric that is often produced when running back testing of a trading strategy. The MFE measures the most (maximum) profit that could have been extracted from a given trade. If, for exa...