question for agentm, page-6

My understanding is initially almost all fluid pushed to surface is frac fluid, as each frac zone clears at a different rate due to geological and pressure or porisity differences it then becomes a combination of frac fluid and condensate. Which is the present situation.

From here on if the zones that are still returning the remaining frac fluid contain condensate then it will basically replace the fluid content thats comming to the surface give or take a bit.

The gas pressure, dew points etc and choke size can only carry so much fluid to the surface so if water makes up 50% of that or 25% of that, technically speaking as long as the porosity and condensate exists in sufficient ranges then once the frac fluid clears it should begin to flow more condensate. Dew points and other well characteristics make it much mre complex, bu thats the basic form.

The gas will not dramatically change unless they change choke size or its flows are still fluctuating. It should initially improve a bit as porosity opens up from flow but not substrantially unless they make a n engeneering change.

However once they go on to production tubing which should take at least several weeks, then its a whole new ball game all the flow characteristics change and if they should be for the better. The primary reason for going on to production tubing is to impprove flow characteristicas and volumes so expect hopefully much better results.

As agent said you need to allow for decline, but remmebr fracs offer a major prolongation of peak flows prior to declines. The declines take longer and are lower %'s

All in all a tremendous result almost completely unaccounted for in daily price movment. As people have more time to absorb the result and realise its significance expect all threee jv partners to move.