Actually that statement is close to correct and also misleading. If you have an IP rate of 3000 and it drops by over 80 percent you essentially settle in around 300 bopd which is what everyone on this board has been saying and wanting to see from the KOG well after one year numbers are out on the wells. So a well that is around 1600 may settle around 200 bopd but that becomes a steady state for many years.
The published IP rate is actually a poor measure when it comes to calculating decline rates. If you look at some of the wells on the latest presentation, you'll see (as an example) a well with an IP rate of 3035 and a 90 day rate of 1090 - thats a 67% decline in 3 months!.
A better measure is to use the average production over the first 30 days ( which KOG doesn't publish.)