30 day flows announced., page-9

Hi,

I don't agree that 60 days decline wont be much. All we got was 30 days average of 594 BOPD oil and 735 Mcf (starting from 1202 BOPD oil and 782 Mcf on day 1).

As 594 is average over 30 days, the last day would have produced between 300 to 400 (maximum) bopd. So the next 30 days average can be a maximum of 300 to 400 Bopd (if no further declines). I think it will be between 200 to 250 BOPD for next 30 days (this is around 70 to 80% decline)

On another note the gas has not dropped much (from 782 on day 1 to average of 735 for the whole month). However you need to divide that figure by 12 to get BOPD.

Still watching with interest without taking any position at present.