Goose, I must voice an correction to your JB#3 production figures.
JB#3 tested at over 250 bbls in 8hrs. Could have been 500 bbls in 8 hrs, we don't know for sure. Let's work with 750+ bbls/day. The NR talking about the 15 bbls/day said that is what was being produced, not that the well was only capable of producing that much. Turning a valve partially closed will cut back the number of bbls per day.
Why drill 22 more wells? 22 wells x 750 bbls/day @ a net of $110/bbl x 30 days = $54,450,000 per month in revenues.