re: Ann: Change in substantial holding - J.P.... Don't know whether Hilcorp is using a crossover, a double tweezer, a clove-hitch or a flat-bottomed V but what they have achieved, which might be significant to those looking at fundamentals and at possible assumptions that might be integrated into the reserves estimations, is that May declined by a mere 2% (60 day compared to 30 day) and Luna, starting from a higher flow rate, declined by only 7%.
That is a performance that is somewhat different from the decline curves last used by NSAI in August 2010.
We should know within 4 - 6 weeks
Ann: Change in substantial holding - J.P.Morgan , page-54
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