Ann: Rangers Well Sustained Production, page-16

Very positive announcement, notification of a lower payout may be bacause of a reaction to SM commentary and they have placed a greater buffer for said payout.

The 1310 BOEPD was a true daily figure and might have been the high at the time, todays announced 1200 BOEPD is an avereged daily per month.

The well may still be steadily increasing but unlikely further than this peak 1310 BOEPD? The well is obviously experiencing smaller peak and troughs over the month as production peaks and plateaus prior to decline.

I think the average monthly BOEPD rate is most likely going to be the figure definining well payout calculations.

Keep well cheers Paul