I think you are wrong on several points as follows: -
1. As the well expels water the hydrostatic column and the wellbore inflow impairment effects are reduced and flow increases.
2. More hydrocarbons will be produced as the flowback continues - less water and the water % will fall.
3. The well is intentionally choked back to reduce formation damage - it can flow at higher rates and probably will do as the water cut reduces and they increase the choke sizes. Double the choke diameter is 4 times the flow - albeit at a lower flowing pressure.
4. it is not a linear process it should get better over time - with no water we will see what the well is capable of.
OEX Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held