Breakaway Research - Real Energy, page-17

OW that latest report appears to be an update based on publicly available material. They don't appear to have interviewed the company directly. (I might be wrong)
As I understand it, the initial resource calculation was based on assumed flows of 2mmcft/day which as you say T-1 did not achieve on a sustained basis.
Given the nature of this play is new in Australia much of the modelling may have to be derived from offshore experience, notably the USA.
From what I have read Breakaway are correct is stating future wells ought to have better profiles as this has been the case in America. Decline rates I have found harder to get information on but well lives at commercial levels appear to have a decent life expectancy....8 years +.
I guess we'll just have to carry on what we have become proficient at......wait and see.