If it's still dry in your area and you have a seep up high in the pond, that's very good news. As the ground/water table become wetter, the seep will only go higher.

If the seep is low in the pond, it could be good news or bad news. It depends on the height of the SOURCE of the seep. It has little to do with where the seep appears above ground.

Good luck, and keep us posted!