Where was it reported that she was found "in" the pond?
It was reported to the volunteers at Jessieville HS on Saturday morning's search that her body was found "in the pond" and the language "near the edge of the pond" was also used by some who were speaking around the sign in/out sheets later. "Near the edge" obviously including the potential for both "in" and "out" and may be the source of confusion. I did not get a sense that the body was very far into the pond, but that an effort had been made to hide the body in the water, and unspecified animals had accessed it.
http://arkansasmatters.com/fulltext/?nxd_id=494877
"Natzke's teal Ford Escort station wagon was found burned in the Ouachita National Forest Christmas day. Fast forward to December 31st and what's believed to be Natzke's body was found
in a pond off of West Main Haul Road."
http://abcnews.go.com/US/wireStory/body-found-search-missing-ark-woman-15265967#.TwcNliNST9U
"Authorities wouldn't describe the condition of the body, but Martin said foul play is suspected in the death. Crime scene tape stretched across pine trees blocked access to the area, including a pond."