Ann: Quarterly Activities & Cashflow Report, page-14

Clacoste, I think your figures are too high.
They're expecting initial gross flow rates of 1500-2000bopd.
Those initial rates could come off fairly quickly, then settle down to a slower decline, imo.
Anyway, lets assume 1500bopd gross, OEL has a net revenue interest of 40%, which equates to 600bopd net to OEL.
At USD50/brl, thats $2.7m revenue/qtr net to OEL, assuming zero downtime.
I expect their operating profit from that will cover G&A (~$1m/qtr) and thats about it.
Doesnt boost the bank balance until they drill more wells/increase production, which will require more funding, imo.

Downside risks are cost blowouts during development, requiring more funding to complete. Well doesn't produce as prognosed.