Allthe most important metric now appears, to me at least, that...

All

the most important metric now appears, to me at least, that Desiree has a reserve of 996,000 BO ( which I take to be P1).

Since the well cost $4.5M, then the In Ground cost looks to be about $4.7/BO of P1. ( Noting also that the adjacent Down dip well produced over 2M BO). So the question may be :what is the investment value?

Which bodes well for Louise, and the unnamed well after.

Also considering this is conventional oil, with long life and low production costs.

Noting also that current earnings will be about $4.5 M pa, inc. Desiree. (ie rev = 1/2 cap approx). Plenty of scope for hedging production also. and possible additional future production.

What is needed now is prudent management, some cost cutting perhaps, with no uncertain adventures. In short S/H confidence building.