What kind of Garbage Talk is this?  Did you read the financial statements for the 6 months ending in June?  The company recieved approximately $65 a bl after expenses and royalties were paid.  With almost 50 Million dollars in Current Assets and only 5 Million in Current Liabilities could you explain the need for a PP?  The company is generating cash flow and has money in the bank.  

If they end the year with 2500 bls a day production and net back even $50 a bl then they'll have $125,000 a day coming in.  Should cover most expenses I would think.