management have it wrong, page-25

From the 54-1H results on Friday "In general, the wells are tending to produce a higher proportion of natural gas and lower initial production rates but appear to exhibit a flatter decline curve than originally anticipated."

In a follow up e-mail after raising some questions with MPO " In addition to these factors, production levels were impacted by steeper than anticipated declines in other wells drilled in the Wolfcamp, and were exacerbated by a minor unforeseen short term operational issue that occurred in mid-December."

Which is it ?????? with 2 different versions.

The EUR (and the cash back) will depend on the decline rate and the IP. If we have a shallow decline rate we may be able to live with a lower IP and there could be still some value in Fiesta.