I think their investor presentation takes account of the decline...

I think their investor presentation takes account of the decline rate and price discount.
It is modelled with decline rates, WTI benchmark prices and Initial Production. Which if 300 bopd was way beyond the best case scenario (out by 50%) as per the Table.

Considering the first well can be calculated to 300 bopd from what they said in the trading halt from 4 fracture zones with a deviated drill the other 2 are targeting 7 and 5 fractures from a deviated drill. These should produce initial production better than the first well if they are all oil filled - a not unreasonable assumption

No wonder they went into a sudden trading halt when they went back to Magellan ! and did a few hours of testing they couldn't believe the calculated flow rates. They mobilised production gear on site and went into a trading halt.

The next announcement may not be believed and generally "initially" ignored by the market which is AKK's lot these days.