Ann: Thorsby Leo wells Production Commenced, page-13

You have to understand that without further drilling the exit production for the year is less than beginning production rate .
All their producing wells are depleting and their production rates are declining so that would have been in the calculation of the 5600 boepd exit rate .
I think they have indicated 17.5 % decline rate .

If WTI stays at US $80 or above I think that they could add more wells to their program .
At 5 to 10 month well pay out with WTI at US $70 drilling extra wells looks financially enticing .
All within fcf and without adding further debt .

I like the fact they continually look to optimise the drilling and completion of these wells to boost the return of their investment .
They design the next generation of wells based on the results of their current wells .