Whats with the sell off?, page-29

FT66, yes well said. I agree with you. Nothing in this report is unexpected, They forewarned us months ago that it would not be until Q4, after gas infrastructure is completed and new wells brought fully online, that production would start significantly increasing. I was concerned that the extra 4 wells brought on line did not in and of themselves result in increased production, but they alleviated my fears about possible high decline rates being the cause when they said there were 2 reasons - 1. while some flows started on completed gas infrastructure, the overall well flows were still restricted until all the infrastructure is complete. 2. they restricted existing producing wells that were near new wells being fracced, and this will continue until the frac stages are complete. So in both cases, existing producing wells have been restricted. Once these restrictions are lifted, production will increase. I would like to know more about the fraccing new interfering with the nearby old wells- how close is the spacing they are doing and how close do they have to get for this to occur? As for the share price decline, I agree that it is the macro market forces along with those not confident jumping ship.