Ann: Monthly Production and Operations Update , page-8

Jtain,

There is obviously some decline but not in the order of 10-15%.

What is happening is that they are connecting wells / infrastructure to an existing production hub. While they do this they will have interuptions to production. The individual wells seem to have IP of 80-130 BOEPD but the monthly numbers always seem to come in at about 35 BOEPD after accounting for interuptions and declines.

So 4 wells (3 vertical + part share in horizontal) would usally be around 140 BOEPD increase. Its a bit more this time because they are tying in the infrastructure back log.

IMHO