My take on this is that a few months from now we will have 9...

My take on this is that a few months from now we will have 9 older wells producing an average of 200 BOEpd and 10 news wells producing 600 boepd.

This means about 8,000 of boepd. This means revenue of about $360,000 per day for a while. With only about $20m more to be spent on wells - 60 days of revenue.

Based on the the graphs I suppose within a few months production and revenue could drop to 4,000 to 5,000 boepd and approx $220,000 per day. By then new wells/acreage is needed but funds will have built up.

Each month at this lower rate funds another well. New Acreage brings reserves and access to cheap funds.