Break even in the ML is about $45 per barrel including finding / developing / lifting / production / taxes / etc.
So at $90 / barrel , they have about $40 profit (more taxes at $90). Cash flow may be a bit better than this (they have already paid lease costs).
Thats just about 1 well per month ($40 X 30 X 500 = $600k)
They need 1000 bopd to to 2 per month.
More realistically 1500 bopd to also cover admin and interuptions.
great expectations in october, page-7
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