Great announcement, predominantly for what it isn't explicitly...

Great announcement, predominantly for what it isn't explicitly saying.

At the last company update in November the company was producing net 1818 bopd and 4,728 mmcfgpd. We are now producing 1600 bopd and 4,300 mmcfgpd. However we have lost circa 300 bopd and 250mmcfgpd due to the reversion to a lower NRI of E2. This means that since November the wells are producing more oil and only slightly less gas on a gross basis.

From the graph in the appendix the decline is solely attributable to SM71 F3 watering out, with SM58 showing improved performance following the initial G3/5 fall-off.