At the end of September 2016, according to their Financial Statements, they had $0.5 million in cash/receivables, $2.2 million in payables/accruals and $9 million of debt (net current liability of $10.7 million).
Even assuming the company has been cash break even since then (more likely >$1 million outflow) the proceeds from the new $10.7 million loan has effectively been accounted for. It's virtually all been spoken for with nothing left for future overheads or any investment in drilling for the future. There needs to be another capital injection.