RE:The reason for a 50 cent shareprice is the reservesFirst, it wasn't management that set the reserves... that would have been their independent analyst, GLJ.
Second, decline rates are not necessarily indicative of structure size or recoverability. Right now, it simply means they need a few more wells to drain the resevoir on their desired timeline. As it has been explained, we have a dual porosity resevoir, at least in the area of A pad. This means initial flow rates are going to be fantastic, and then settle in at a lower number once the area around the well bore reaches an equalibrium between the fractures and pourus media. This also explains why we've had so much trouble controling the well bore while drilling. The gas is there, Casc is still a beast, it just doesn't flow as well as we had hoped from tests.