oil from galoc to be exported to japan , page-4

Use of Proceeds 
The Revised Capital Raising proceeds will be used to:  

*Fund upcoming exploration wells in Italy and Argentina; 
*Undertake development of the Edirne gas project in Turkey; 

*Repay Shareholder and Director Loans (outlined below); and 

*Working Capital. 
 
Otto has reviewed its forward expenditure and commitments and corporate overhead structure and 
will reduce its financial commitments and overheads in light of the restructured capital raising. 
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From the same announcement mentioned earlier.

Have heard of these projects before in previous capital raisings.....sounds like there's a hole in the budget bucket. Where's the budget on the projects?