Ann: FD No.4H - Restricted Rate Flowback Proceedi, page-3

re: Ann: FD No.4H - Restricted Rate Flowback ... Gee, it really is amazing how quick things are happening here. FD3 and FD4 fracced in the last 6 weeks, FD5 fracced within 2 weeks, FD6 spud within the week and drilling completion within 3 weeks. Then on to FD7. They have around 6 months to achieve their ambitious 10-well development program by the end of calendar year, and if they are to continue at this rate they will most likely get there. 10, or even 8 producing wells will be a great result. The key is managing the decline rates... I think SP movement will hinge on the 30-day production rates from FD3 when and if (and that's a big 'if') they announce them. Been well over 30 days since IP of FD3 was reported.

Was hoping to get an IP rate today for FD4 but company are taking a more conservative approach which is fine by me, although reading between the lines it means that its obvious they are concerned with decline rates experienced with previous wells. Should get the IP ann within the week I reckon.